DWTR - Invesco DWA Tactical Sector Rotation ETF

Equity - US Equity
The Fund's final day of trading will occur on Friday, February 14, 2020. After market close on that date the Fund will no longer trade on an Exchange and will be subsequently delisted. The final distribution to shareholders of the Fund is expected to occur on or about February 26, 2020. Please see the Fund's prospectus for further information.

Product Details

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.

as of 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright Sector 4 Index 32.51 19.15 10.57 N/A N/A 6.92
Russell 3000 Index 27.34 15.49 14.22 10.61 13.41 13.12
Fund History (%)
Fund NAV 32.31 18.98 10.42 N/A N/A 6.75
After Tax Held 32.03 18.72 10.25 N/A N/A 6.58
After Tax Sold 19.12 11.24 8.07 N/A N/A 5.22
Fund Market Price 33.30 19.01 10.41 N/A N/A 6.76
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright Sector 4 Index 27.94 -0.24 8.40 N/A N/A 6.27
Russell 3000 Index 20.09 2.92 12.83 10.44 13.08 12.04
Fund History (%)
Fund NAV 27.79 -0.38 8.24 N/A N/A 6.11
After Tax Held 27.52 -0.60 8.08 N/A N/A 5.94
After Tax Sold 16.45 -0.22 6.35 N/A N/A 4.71
Fund Market Price 28.55 -0.28 8.19 N/A N/A 6.08

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.

as of 09/30/2019

Growth of $10,000

Data beginning Fund inception and ending 09/30/2019. 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 12/12/2019

Market Cap & Style Allocations

Large-Cap Value 1.61%
Large-Cap Blend 12.76%
Large-Cap Growth 26.30%
Mid-Cap Value 3.58%
Mid-Cap Blend 7.76%
Mid-Cap Growth 27.55%
Small-Cap Value 3.70%
Small-Cap Blend 5.45%
Small-Cap Growth 11.31%

as of 12/13/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PFI Invesco DWA Financial Momentum ETF 25.85
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 25.68
PRN Invesco DWA Industrials Momentum ETF 24.86
PTF Invesco DWA Technology Momentum ETF 23.61

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/23/2019 09/24/2019 09/30/2019 0.12107 0.12107 - - -
06/24/2019 06/25/2019 06/28/2019 0.04445 0.04445 - - -
12/24/2018 12/26/2018 12/31/2018 0.01145 0.01145 - - -
12/18/2017 12/19/2017 12/29/2017 0.07631 0.07631 - - -
09/18/2017 09/19/2017 09/29/2017 0.06427 0.06427 - - -
06/16/2017 06/20/2017 06/30/2017 - - - - -
12/16/2016 12/20/2016 12/30/2016 0.10736 0.10736 - - -
09/16/2016 09/20/2016 09/30/2016 0.05831 0.05831 - - -
06/17/2016 06/21/2016 06/30/2016 0.04521 0.04521 - - -
03/18/2016 03/22/2016 03/31/2016 - - - - -
12/18/2015 12/22/2015 12/31/2015 0.08559 0.08559 - - -

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%
09/30/2019 64 27 6 0 0 0 0
03/31/2019 61 15 0 0 0 0 0
12/31/2018 63 20 5 1 1 0 0
09/30/2018 63 28 2 0 0 0 0
Year Ended 2018 251 97 13 3 2 1 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%
09/30/2019 64 26 4 1 0 0 0
03/31/2019 61 43 3 0 0 0 0
12/31/2018 63 22 6 6 2 0 0
09/30/2018 63 26 7 0 0 0 0
Year Ended 2018 251 87 32 12 3 1 0

Fund Inception : 10/09/2015

 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 industrials and information technology, 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.

as of 12/13/2019
4:15 PM EST

DWTR
Intraday Stats

  • Last Trade $32.33
  • Current IIV $32.40
  • Change -$0.01
  • % Change -0.03%
as of 12/13/2019
  • NAV at market close $32.40
as of 12/13/2019

Fund Yield

  • SEC 30 Day Yield 0.26%
  • Distribution Rate 1.49%
  • 12 Month Distribution Rate 0.55%
  • 30-Day SEC Unsubsidized Yield
    as of 12/13/2019
    0.26%
as of 12/13/2019

Prior Close

  • Closing Price $32.34
  • Bid/Ask Midpoint $32.33
  • Bid/Ask Prem/Disc -$0.07
  • Bid/Ask Prem/Disc -0.22%

Fund Details

  • Fund Ticker DWTR
  • CUSIP # 46138E826
  • ISIN US46138E8268
  • Intraday NAV DWTRIV
  • Index Ticker DWASEC4T
  • Index Provider Dorsey Wright & Associates
  • Management Fee 0.15%
  • Acquired Fund Fees & Expenses 0.60%
  • Total Expense Ratio 0.75%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 10/09/2015
  • # of Holdings 4
    as of 12/13/2019
as of 12/13/2019

Quick Facts

  • Previous Close $32.34
  • Open $32.30
  • Today's High $32.36
  • Today's Low $32.26
  • Today's Volume 4,209
  • 4,227 30-Day Avg Trading
    Volume
  • 52 Week High $33.10
  • 52 Week Low $22.56
  • Shares Outstanding 2.15MM
  • Market Value $69.7MM