DWTR - Invesco DWA Tactical Sector Rotation ETFEquity - US Equity
The Invesco DWA Tactical Sector Rotation ETF (the "Fund") is based on the Dorsey Wright® Sector 4 Index (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other, underlying exchange-traded funds eligible for inclusion in the Index, rather than in securities of individual companies. The Index is designed to gain exposure to the strongest relative strength sectors in the US through the universe of nine Invesco DWA sector Momentum ETFs, and may also hold up to 100% cash position (via 1- to 6-month US Treasury Bills) when equity securities as a whole are out of favor. The Fund and the Index are evaluated monthly for potential rebalance and reconstitution.
|Index History (%)|
|Dorsey Wright Sector 4 Index||1.71||22.33||11.27||N/A||N/A||7.34|
|Russell 3000 Index||-0.11||20.53||13.82||11.85||13.82||13.30|
|Fund History (%)|
|After Tax Held||1.74||21.98||11.00||N/A||N/A||7.03|
|After Tax Sold||1.03||13.23||8.65||N/A||N/A||5.58|
|Fund Market Price||1.49||22.11||11.04||N/A||N/A||7.12|
|Index History (%)|
|Dorsey Wright Sector 4 Index||34.02||34.02||11.08||N/A||N/A||7.06|
|Russell 3000 Index||31.02||31.02||14.57||11.24||13.42||13.60|
|Fund History (%)|
|After Tax Held||33.44||33.44||10.76||N/A||N/A||6.72|
|After Tax Sold||20.01||20.01||8.46||N/A||N/A||5.33|
|Fund Market Price||34.73||34.73||11.03||N/A||N/A||6.89|
Underlying Index returns shown are total return.
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.
Growth of $10,000
Data beginning Fund inception and ending 12/31/2019. Fund performance shown at NAV.
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.
Market Cap & Style Allocations
as of 02/12/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|PFI||Invesco DWA Financial Momentum ETF||25.97|
|PTH||Invesco DWA Healthcare Momentum ETF||24.88|
|PTF||Invesco DWA Technology Momentum ETF||24.72|
|PRN||Invesco DWA Industrials Momentum ETF||24.43|
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.
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.
Investments focused in a particular sector, such as consumer discretionary, energy, financials, healthcare, industrials, information technology and utilities, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.
Treasury securities are backed by the full faith and credit of the US government as to the timely payment of principal and interest.
The Fund is subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds and certain factors may cause the Fund to withdraw its investments therein at a disadvantageous time.
The Fund will indirectly pay a proportional share of the expenses of the Underlying ETFs in which it invests (including operating expenses and management fees), in addition to the fees and expenses it already will pay to the Adviser.
The Fund pays transaction costs, such as commissions, when it purchases and sells securities or "turns over" its portfolio). A higher portfolio turnover rate will cause the Fund to incur additional transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the example, may affect the Fund's performance.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.
The Russell 3000® Index is an unmanaged index considered representative of US growth stocks. The Russell 3000® Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.
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.