PFI - Invesco DWA Financial Momentum ETF

Equity - Sector Equity

Product Details

The Invesco DWA Financial Momentum ETF (Fund) is based on the Dorsey Wright® Financials Technical Leaders Index (DWA Financials Technical Leaders 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 01/31/2020 12/31/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright Financials Technical Leaders Index 3.72 29.70 11.25 7.66 N/A N/A
S&P 500 Financials Index -2.58 18.26 10.92 12.18 12.12 2.47
Fund History (%)
Fund NAV 3.63 28.91 10.55 6.97 10.86 4.94
After Tax Held 3.63 28.55 10.26 6.59 10.53 4.66
After Tax Sold 2.15 17.23 8.16 5.37 8.94 3.93
Fund Market Price 3.72 28.89 10.49 6.91 10.85 4.93
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright Financials Technical Leaders Index 37.45 37.45 10.04 6.88 N/A N/A
S&P 500 Financials Index 32.13 32.13 11.98 11.17 12.26 2.69
Fund History (%)
Fund NAV 36.63 36.63 9.35 6.20 10.18 4.69
After Tax Held 36.09 36.09 9.02 5.80 9.83 4.40
After Tax Sold 21.67 21.67 7.18 4.74 8.33 3.71
Fund Market Price 36.98 36.98 9.26 6.15 10.15 4.67

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 10 years prior to the ending date of 12/31/2019. Fund performance shown at NAV.

DWA Financials Technical Leaders Index* performance prior to Feb. 19, 2014 reflects that of the original Underlying Index Dynamic Financial Sector Intellidex Index. From Feb. 19, 2014, forward, the Index performance reflects that of the Underlying Index DWA Financials 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 02/21/2020

Industry Allocations

Industry Percent of Fund
Capital Markets 29.63%
Equity Real Estate Investment Trusts (REITs) 24.23%
Insurance 22.45%
IT Services 7.38%
Consumer Finance 4.17%
Banks 3.43%
Thrifts & Mortgage Finance 2.78%
Real Estate Management & Development 1.95%
Mortgage Real Estate Investment Trusts (REITs) 1.54%
Diversified Financial Services 1.30%
Commercial Services & Supplies 1.13%
as of 02/20/2020

Market Cap & Style Allocations

Large-Cap Value 6.09%
Large-Cap Blend 8.61%
Large-Cap Growth 18.26%
Mid-Cap Value 13.54%
Mid-Cap Blend 21.91%
Mid-Cap Growth 9.56%
Small-Cap Value 5.44%
Small-Cap Blend 6.02%
Small-Cap Growth 10.57%

as of 02/21/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
MA Mastercard Inc 4.11
MCO Moody's Corp 3.80
AMP Ameriprise Financial Inc 3.59
SPGI S&P Global Inc 3.44
JPM JPMorgan Chase & Co 3.43
MSCI MSCI Inc 3.37
DRE Duke Realty Corp 3.36
LPLA LPL Financial Holdings Inc 3.32
V Visa Inc 3.27
PLD Prologis Inc 3.18

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 0.10667 0.10667 - - -
09/23/2019 09/24/2019 09/30/2019 0.08467 0.08467 - - -
06/24/2019 06/25/2019 06/28/2019 0.12636 0.12636 - - -
03/18/2019 03/19/2019 03/29/2019 0.03702 0.03702 - - -
12/24/2018 12/26/2018 12/31/2018 0.15901 0.15901 - - -
09/24/2018 09/25/2018 09/28/2018 0.13583 0.13583 - - -
06/18/2018 06/19/2018 06/29/2018 0.10898 0.10898 - - -
03/19/2018 03/20/2018 03/29/2018 0.16150 0.16150 - - -
09/18/2017 09/19/2017 09/29/2017 0.08469 0.08469 - - -
06/16/2017 06/20/2017 06/30/2017 0.03945 0.03945 - - -
12/16/2016 12/20/2016 12/30/2016 0.39185 0.39185 - - -
09/16/2016 09/20/2016 09/30/2016 0.11488 0.11488 - - -
06/17/2016 06/21/2016 06/30/2016 0.15642 0.15642 - - -
03/18/2016 03/22/2016 03/31/2016 - - - - -
12/18/2015 12/22/2015 12/31/2015 0.13802 0.13802 - - -
09/18/2015 09/22/2015 09/30/2015 0.16028 0.16028 - - -
06/19/2015 06/23/2015 06/30/2015 0.09164 0.09164 - - -
03/20/2015 03/24/2015 03/31/2015 0.05331 0.05331 - - -
12/19/2014 12/23/2014 12/31/2014 0.14519 0.14519 - - -
09/19/2014 09/23/2014 09/30/2014 0.06505 0.06505 - - -
06/20/2014 06/24/2014 06/30/2014 0.08358 0.08358 - - -
03/21/2014 03/25/2014 03/31/2014 0.04451 0.04451 - - -
12/20/2013 12/24/2013 12/31/2013 0.09419 0.09419 - - -
09/20/2013 09/24/2013 09/30/2013 0.07851 0.07851 - - -
06/21/2013 06/25/2013 06/28/2013 0.13644 0.13644 - - -
03/15/2013 03/19/2013 03/28/2013 0.08930 0.08930 - - -
12/21/2012 12/26/2012 12/31/2012 0.11924 0.11924 - - -
09/21/2012 09/25/2012 09/28/2012 0.06221 0.06221 - - -
06/15/2012 06/19/2012 06/29/2012 0.07361 0.07361 - - -
03/16/2012 03/20/2012 03/30/2012 0.01100 0.01100 - - -
12/16/2011 12/20/2011 12/30/2011 0.11895 0.11895 - - -
09/16/2011 09/20/2011 09/30/2011 0.04059 0.04059 - - -
06/17/2011 06/21/2011 06/30/2011 0.03446 0.03446 - - -
12/17/2010 12/21/2010 12/31/2010 0.19008 0.19008 - - -
09/17/2010 09/21/2010 09/30/2010 0.07057 0.07057 - - -
06/18/2010 06/22/2010 06/30/2010 0.06044 0.06044 - - -
12/18/2009 12/22/2009 12/31/2009 0.09127 0.09127 - - -
09/18/2009 09/22/2009 09/30/2009 0.03545 0.03545 - - -
06/19/2009 06/23/2009 06/30/2009 0.08866 0.08866 - - -
12/19/2008 12/23/2008 12/31/2008 0.08955 0.08955 - - -
09/19/2008 09/23/2008 09/30/2008 0.07237 0.07237 - - -
06/20/2008 06/24/2008 06/30/2008 0.06142 0.06142 - - -
03/20/2008 03/25/2008 03/31/2008 0.00634 0.00634 - - -
12/21/2007 12/26/2007 12/31/2007 0.04436 0.04436 - - -
09/21/2007 09/25/2007 09/28/2007 0.09995 0.09995 - - -
06/15/2007 06/19/2007 06/29/2007 0.08027 0.08027 - - -
03/16/2007 03/20/2007 03/30/2007 0.01860 0.01860 - - -
12/15/2006 12/19/2006 12/29/2006 0.06758 0.06758 - - -

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 34 1 0 0 0 0
09/30/2019 64 21 0 0 0 0 0
06/30/2019 63 28 0 0 0 0 0
03/31/2019 61 17 0 0 0 0 0
Year Ended 2019 252 100 1 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 28 1 0 0 0 0
09/30/2019 64 42 1 0 0 0 0
06/30/2019 63 35 0 0 0 0 0
03/31/2019 61 43 1 0 0 0 0
Year Ended 2019 252 148 3 0 0 0 0

Fund Inception : 10/12/2006

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

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

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 S&P 500® Financials Index is an unmanaged index considered representative of the financial market. The Dynamic Financial Sector Intellidex Index evaluates companies based on a 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.

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 02/21/2020
4:15 PM EST

PFI
Intraday Stats

  • Last Trade $42.06
  • Current IIV $42.07
  • Change -$0.37
  • % Change -0.87%
as of 02/21/2020
  • NAV at market close $42.06
as of 02/21/2020

Fund Yield

  • SEC 30 Day Yield 1.41%
  • Distribution Rate 1.01%
  • 12 Month Distribution Rate 0.84%
  • 30-Day SEC Unsubsidized Yield
    as of 02/21/2020
    1.25%
as of 02/21/2020

Prior Close

  • Closing Price $42.44
  • Bid/Ask Midpoint $42.07
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.02%
as of 12/31/2019

Fund Characteristics

  • Price/Earnings Ratio1 24.80
  • Forward Price/Earnings Ratio 23.24
  • Price/Book Ratio1 3.77
  • ROE2 38.95%
  • Avg Market Cap2 $61,194MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker PFI
  • CUSIP # 46137V860
  • ISIN US46137V8607
  • Intraday NAV PFIIV
  • Index Ticker DWFNTR
  • Index Provider Dorsey Wright & Associates, LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.75%
  • Fee Waiver 0.15%
  • Net Expense Ratio 0.60%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 10/12/2006
  • # of Holdings 46
    as of 02/21/2020
as of 02/21/2020

Quick Facts

  • Previous Close $42.44
  • Open $42.02
  • Today's High $42.18
  • Today's Low $41.90
  • Today's Volume 6,029
  • 24,509 30-Day Avg Trading
    Volume
  • 52 Week High $42.65
  • 52 Week Low $32.00
  • Shares Outstanding 1.25MM
  • Market Value $52.6MM