Equity | Sector Equity

Invesco Dorsey Wright Healthcare Momentum ETF

Ticker: PTH

Product Details

The Invesco Dorsey Wright Healthcare Momentum ETF (Fund) is based on the Dorsey Wright® Healthcare Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security's performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 11/30/2024 09/30/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright Healthcare Technical Leaders Index 15.38 35.90 -2.91 9.04 10.32 N/A
S&P 500 Health Care Index 9.37 14.08 6.05 10.16 9.70 10.60
Fund History (%)
Fund NAV 15.22 35.68 -3.31 8.51 9.73 9.87
After Tax Held 15.19 35.64 -3.32 8.50 9.72 9.86
After Tax Sold 9.01 21.11 -2.51 6.72 8.03 8.56
Fund Market Price 16.79 37.42 -2.84 8.81 9.87 9.95
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright Healthcare Technical Leaders Index 18.77 38.70 -4.26 12.82 11.53 N/A
S&P 500 Health Care Index 14.35 21.69 8.35 13.37 11.14 10.98
Fund History (%)
Fund NAV 18.53 38.22 -4.71 12.24 10.92 10.14
After Tax Held 18.51 38.18 -4.72 12.24 10.91 10.12
After Tax Sold 10.97 22.62 -3.55 9.79 9.08 8.80
Fund Market Price 18.61 38.27 -4.74 12.24 10.90 10.14

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 09/30/2024

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2024. Fund performance shown at NAV.

DWA Healthcare Technical Leaders Index* performance prior to Feb. 19, 2014 reflects that of the original Underlying Index Dynamic Healthcare Sector Intellidex Index. From Feb. 19, 2014, forward, the Index performance reflects that of the Underlying Index DWA Healthcare Technical Leaders Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 12/11/2024

Industry Allocations

Industry Percent of Fund
Biotechnology 52.46%
Health Care Providers & Services 21.03%
Pharmaceuticals 12.21%
Health Care Equipment & Supplies 11.57%
Insurance 1.62%
Life Sciences Tools & Services 0.86%
Investment Companies - MMF 0.25%
as of 12/09/2024

Market Cap & Style Allocations

Large-Cap Value 7.55%
Large-Cap Blend -
Large-Cap Growth 7.65%
Mid-Cap Value -
Mid-Cap Blend 11.04%
Mid-Cap Growth 12.59%
Small-Cap Value 6.43%
Small-Cap Blend 10.89%
Small-Cap Growth 43.86%

as of 12/11/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
LLY Eli Lilly & Co 4.55
INSM Insmed Inc 4.30
NTRA Natera Inc 4.20
PCVX Vaxcyte Inc 3.88
THC Tenet Healthcare Corp 3.59
ISRG Intuitive Surgical Inc 2.94
ADMA ADMA Biologics Inc 2.85
HCA HCA Healthcare Inc 2.83
CPRX Catalyst Pharmaceuticals Inc 2.60
ABBV AbbVie Inc 2.55
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | Hide View All

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
06/24/2024 06/24/2024 06/28/2024 0.02545 0.02545 - - - -
06/16/2017 06/20/2017 06/30/2017 - - - - - -
12/16/2016 12/20/2016 12/30/2016 - - - - - -
09/16/2016 09/20/2016 09/30/2016 - - - - - -
06/17/2016 06/21/2016 06/30/2016 - - - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - - -
12/18/2015 12/22/2015 12/31/2015 - - - - - -
09/18/2015 09/22/2015 09/30/2015 - - - - - -
06/19/2015 06/23/2015 06/30/2015 - - - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/20/2013 12/24/2013 12/31/2013 0.03412 0.03412 - - - -
09/20/2013 09/24/2013 09/30/2013 0.00768 0.00768 - - - -
06/21/2013 06/25/2013 06/28/2013 0.11047 0.11047 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.32709 0.32709 - - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - - -
06/15/2012 06/19/2012 06/29/2012 0.02524 0.02524 - - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - - -
12/18/2009 12/22/2009 12/31/2009 0.05825 0.05825 - - - -
06/19/2009 06/23/2009 06/30/2009 0.02510 0.02510 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2024 64 8 0 0 0 0 0
06/30/2024 63 7 0 0 0 0 0
03/31/2024 61 16 0 0 0 0 0
12/31/2023 63 7 0 0 0 0 0
Year Ended 2023 250 13 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2024 64 56 0 0 0 0 0
06/30/2024 63 56 0 0 0 0 0
03/31/2024 61 45 0 0 0 0 0
12/31/2023 63 56 0 0 0 0 0
Year Ended 2023 250 237 0 0 0 0 0

Fund Inception : 10/12/2006

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

Premiums/Discounts

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular sector, such as heathcare, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

There is no relationship between Dorsey, Wright & Associates, LLC ("Dorsey Wright") and Invesco other than a license by Dorsey Wright to Invesco of certain Dorsey Wright trademarks, tradenames, investment models, and indexes (the "DWA IP"). DWA IP has been created and developed by Dorsey Wright without regard to and independently of Invesco, and/or any prospective investor. The licensing of any DWA IP is not an offer to purchase or sell, or a solicitation of an offer to buy any securities. A determination that any portion of an investor's portfolio should be devoted to any ETF product developed by Invesco or investment model developed by Dorsey Wright is a determination made solely by the investment advisor serving the investor or the investor himself, not Dorsey Wright.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

The S&P 500® Health Care Index is an unmanaged Index considered representative of the health care sector. The Dynamic Healthcare Sector Intellidex℠ Index evaluates companies based on variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. The NASDAQ US Benchmark Index is a float-adjusted market-cap-weighted index designed to track the performance of securities to the United States.