Key stats
About Invesco Dorsey Wright Developed Markets Momentum ETF
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Inception date
Dec 28, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46138E8755
PIZ searches for outperformance in developed markets outside the US based on a trend-following index from Dorsey Wright. In its attempt to beat the market, the fund favors large cap securities, and those eligible for index inclusion are assigned a relative strength score. Approximately 100 of these securities with the greatest scores will form the Underlying Index. Component weights are also based on relative scores, wherein higher scoring-securities receive larger weights. PIZ is also less volatile than some alpha-seekers. Its liquid basket also allows for straightforward block execution. The Fund and the Index are rebalanced and reconstituted quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Developed Markets Momentum ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Producer Manufacturing
Electronic Technology
Stocks100.08%
Finance29.03%
Producer Manufacturing19.86%
Electronic Technology16.67%
Non-Energy Minerals5.97%
Health Technology4.22%
Technology Services4.12%
Industrial Services3.81%
Retail Trade3.78%
Distribution Services3.03%
Transportation2.29%
Consumer Non-Durables1.84%
Utilities1.21%
Health Services1.19%
Energy Minerals0.71%
Consumer Services0.60%
Miscellaneous0.58%
Commercial Services0.54%
Process Industries0.53%
Bonds, Cash & Other−0.08%
Cash−0.08%
Stock breakdown by region
Europe51.90%
Asia22.89%
North America14.39%
Oceania7.18%
Middle East3.64%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PIZ invests in stocks. The fund's major sectors are Finance, with 29.05% stocks, and Producer Manufacturing, with 19.88% of the basket. The assets are mostly located in the Europe region.
PIZ top holdings are Technology One Limited and ASML Holding NV, occupying 3.05% and 3.04% of the portfolio correspondingly.
PIZ last dividends amounted to 0.03 USD. The quarter before, the issuer paid 0.38 USD in dividends, which shows a 1.31 K% decrease.
PIZ assets under management is 463.79 M USD. It's risen 3.61% over the last month.
PIZ fund flows account for 260.20 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PIZ pays dividends to its holders with the dividend yield of 1.80%. The last dividend (Sep 26, 2025) amounted to 0.03 USD. The dividends are paid quarterly.
PIZ shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 28, 2007, and its management style is Passive.
PIZ expense ratio is 0.80% meaning you'd have to pay 0.80% of your investment to help manage the fund.
PIZ follows the Dorsey Wright Developed Markets Technical Leaders Net (TR). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PIZ invests in stocks.
PIZ price has fallen by −0.96% over the last month, and its yearly performance shows a 25.88% increase. See more dynamics on PIZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.32% over the last month, have fallen by −0.32% over the last month, showed a 2.73% increase in three-month performance and has increased by 26.75% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.32% over the last month, have fallen by −0.32% over the last month, showed a 2.73% increase in three-month performance and has increased by 26.75% in a year.
PIZ trades at a premium (0.35%) meaning the ETF is trading at a higher price than the calculated NAV.