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
Stocks99.63%
Finance26.10%
Producer Manufacturing20.23%
Electronic Technology15.35%
Technology Services7.69%
Health Technology4.82%
Retail Trade4.72%
Consumer Non-Durables4.59%
Transportation4.01%
Non-Energy Minerals2.73%
Industrial Services2.50%
Utilities2.40%
Consumer Services1.55%
Health Services1.36%
Commercial Services1.06%
Miscellaneous0.52%
Bonds, Cash & Other0.37%
Mutual fund0.31%
Cash0.06%
Stock breakdown by region
Europe52.61%
Asia23.85%
North America15.24%
Oceania5.86%
Middle East2.44%
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 26.10% stocks, and Producer Manufacturing, with 20.23% of the basket. The assets are mostly located in the Europe region.
PIZ top holdings are Fujikura Ltd and BELIMO Holding AG, occupying 2.85% and 2.81% of the portfolio correspondingly.
PIZ last dividends amounted to 0.38 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 60.48% increase.
PIZ assets under management is 418.02 M USD. It's risen 3.77% over the last month.
PIZ fund flows account for 229.88 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 1.85%. The last dividend (Jun 27, 2025) amounted to 0.38 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 −0.24% over the last month, and its yearly performance shows a 28.08% increase. See more dynamics on PIZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.02% over the last month, showed a 3.34% increase in three-month performance and has increased by 24.61% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.02% over the last month, showed a 3.34% increase in three-month performance and has increased by 24.61% in a year.
PIZ trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.