Key stats
About Invesco Dorsey Wright Developed Markets Momentum ETF
Expense ratio
0.80%
Home page
Inception date
Dec 28, 2007
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
Stocks100.07%
Finance24.70%
Producer Manufacturing16.78%
Electronic Technology12.61%
Technology Services9.18%
Consumer Non-Durables5.73%
Health Technology5.36%
Distribution Services5.05%
Retail Trade4.07%
Transportation3.33%
Industrial Services3.02%
Consumer Services2.82%
Process Industries2.49%
Commercial Services2.00%
Non-Energy Minerals1.59%
Consumer Durables0.55%
Utilities0.54%
Bonds, Cash & Other−0.07%
Cash0.17%
Miscellaneous−0.24%
Stock breakdown by region
Europe61.16%
Asia19.69%
North America12.62%
Oceania4.61%
Middle East1.91%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history