Key stats
About Invesco Dorsey Wright Technology Momentum ETF
Expense ratio
0.60%
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Inception date
Oct 12, 2006
PTF continues to provide an alternate take on US technology firms following a 2014 index change. The fund now follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum in an effort to outperform the broad market. This momentum-based take can swing the fund far from neutral exposure, with major sector bets and even sizeable allocations outside the traditional tech sphere. The fund carries a much lower average market cap compared to the broad market, and attendant risk is elevated as a result. The fund selects the top, at least 30 stocks, with the highest momentum scores in the technology space. The fund uses a full replication indexing strategy, meaning PTF will generally invest in all of the stocks of the underlying index and in proportion to the weightings. Investors should consider all-in costs of holding the fund. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the ETF's name was Invesco DWA Technology Momentum ETF.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
