DWAS - Invesco DWA SmallCap Momentum ETF

Equity - US Equity

Product Details

The Invesco DWA SmallCap Momentum ETF (Fund) is based on the Dorsey Wright® SmallCap Technical Leaders Index (DWA SmallCap Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company’s market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 12/31/2019 12/31/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright SmallCap Technical Leaders Index 31.66 31.66 12.98 8.75 N/A 12.71
Russell 2000 Index 25.52 25.52 8.59 8.23 11.83 11.87
Fund History (%)
Fund NAV 31.03 31.03 12.37 8.15 N/A 12.07
After Tax Held 30.95 30.95 12.33 8.09 N/A 12.00
After Tax Sold 18.37 18.37 9.67 6.42 N/A 9.87
Fund Market Price 31.81 31.81 12.47 8.17 N/A 12.07
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright SmallCap Technical Leaders Index 31.66 31.66 12.98 8.75 N/A 12.71
Russell 2000 Index 25.52 25.52 8.59 8.23 11.83 11.87
Fund History (%)
Fund NAV 31.03 31.03 12.37 8.15 N/A 12.07
After Tax Held 30.95 30.95 12.33 8.09 N/A 12.00
After Tax Sold 18.37 18.37 9.67 6.42 N/A 9.87
Fund Market Price 31.81 31.81 12.47 8.17 N/A 12.07

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 12/31/2019

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.

as of 01/17/2020

Sector Allocation

Sector Percent of Fund
Health Care 33.34%
Information Technology 15.30%
Industrials 13.51%
Consumer Discretionary 11.23%
Financials 10.17%
Real Estate 3.75%
Consumer Staples 3.60%
Materials 3.39%
Communication Services 2.48%
Energy 2.09%
Utilities 1.14%
as of 01/16/2020

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value 0.45%
Mid-Cap Blend 1.82%
Mid-Cap Growth 6.72%
Small-Cap Value 10.18%
Small-Cap Blend 30.24%
Small-Cap Growth 50.58%

as of 01/17/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
GMRE Global Medical REIT Inc 1.78
HSKA Heska Corp 1.58
ERI Eldorado Resorts Inc 1.45
ARWR Arrowhead Pharmaceuticals Inc 1.36
AXSM Axsome Therapeutics Inc 1.32
APPS Digital Turbine Inc 1.31
ASGN ASGN Inc 1.26
ENPH Enphase Energy Inc 1.25
KOD Kodiak Sciences Inc 1.20
FTSV Forty Seven Inc 1.19

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/23/2019 12/24/2019 12/31/2019 0.06292 0.06292 - - -
09/23/2019 09/24/2019 09/30/2019 0.01273 0.01273 - - -
03/19/2018 03/20/2018 03/29/2018 0.01940 0.01940 - - -
12/18/2017 12/19/2017 12/29/2017 0.08226 0.08226 - - -
09/18/2017 09/19/2017 09/29/2017 0.01375 0.01375 - - -
06/16/2017 06/20/2017 06/30/2017 - - - - -
12/16/2016 12/20/2016 12/30/2016 0.15083 0.15083 - - -
09/16/2016 09/20/2016 09/30/2016 - - - - -
06/17/2016 06/21/2016 06/30/2016 0.04861 0.04861 - - -
03/18/2016 03/22/2016 03/31/2016 0.01221 0.01221 - - -
12/18/2015 12/22/2015 12/31/2015 0.04659 0.04659 - - -
09/18/2015 09/22/2015 09/30/2015 - - - - -
06/19/2015 06/23/2015 06/30/2015 0.02580 0.02580 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/19/2014 12/23/2014 12/31/2014 0.00666 0.00666 - - -
06/20/2014 06/24/2014 06/30/2014 0.01106 0.01106 - - -
12/20/2013 12/24/2013 12/31/2013 0.01358 0.01358 - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - -
06/21/2013 06/25/2013 06/28/2013 0.03776 0.03776 - - -
03/15/2013 03/19/2013 03/28/2013 0.01137 0.01137 - - -
12/21/2012 12/26/2012 12/31/2012 0.22070 0.22070 - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - -

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%
12/31/2019 64 27 0 0 0 0 0
09/30/2019 64 20 0 0 0 0 0
06/30/2019 63 6 0 0 0 0 0
03/31/2019 61 12 0 0 0 0 0
Year Ended 2019 252 65 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%
12/31/2019 64 37 0 0 0 0 0
09/30/2019 64 44 0 0 0 0 0
06/30/2019 63 57 0 0 0 0 0
03/31/2019 61 48 1 0 0 0 0
Year Ended 2019 252 186 1 0 0 0 0

Fund Inception : 07/19/2012

 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 healthcare, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

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

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

The Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.

The Russell 2000® Index is an unmanaged index considered representative of small cap stocks. The Russell 2000® Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. The NASDAQ US Benchmark Index is a float-adjusted market-cap-weighted index designed to track the performance of securities to the United States.

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.

as of 01/17/2020
3:59 PM EST

DWAS
Intraday Stats

  • Last Trade $58.28
  • Current IIV $58.32
  • Change $0.15
  • % Change 0.26%
as of 01/17/2020
  • NAV at market close $58.31
as of 01/17/2020

Fund Yield

  • SEC 30 Day Yield -0.08%
  • Distribution Rate 0.43%
  • 12 Month Distribution Rate 0.13%
  • 30-Day SEC Unsubsidized Yield
    as of 01/17/2020
    -0.06%
as of 01/17/2020

Prior Close

  • Closing Price $58.13
  • Bid/Ask Midpoint $58.29
  • Bid/Ask Prem/Disc -$0.02
  • Bid/Ask Prem/Disc -0.03%
as of 12/31/2019

Index Characteristics

  • Price/Earnings Ratio1 50.48
  • Forward Price/Earnings Ratio 33.70
  • Price/Book Ratio1 3.79
  • ROE2 -299.71%
  • Avg Market Cap2 $1,928MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker DWAS
  • CUSIP # 46138E842
  • ISIN US46138E8425
  • Intraday NAV DWASIV
  • Index Ticker DWATLSCT
  • Index Provider Dorsey, Wright & Associates, LLC
  • Management Fee 0.60%
  • Total Expense Ratio 0.60%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 07/19/2012
  • # of Holdings 200
    as of 01/17/2020
as of 01/17/2020

Quick Facts

  • Previous Close $58.13
  • Open $58.47
  • Today's High $58.50
  • Today's Low $58.19
  • Today's Volume 7,255
  • 25,392 30-Day Avg Trading
    Volume
  • 52 Week High $58.50
  • 52 Week Low $46.33
  • Shares Outstanding 4.40MM
  • Market Value $256.6MM