PWB

PWB is a pure large-cap growth fund, concentrated in just 50 companies based on a 10-factor selection that hunts for growth. The factors goes into a systematic isolation process to segregate companies into their appropriate investment style. Its unusual weighting scheme allocates 50% of the fund's assets equally to the 15 largest companies by market cap and the other 50% equally to the remaining 35 holdings. In addition to making the fund tilt toward the smaller side of the large-cap space, this scheme can also introduce some major sector biases that are liable to change over time. Therefore, it is important to note the funds portfolio before investing. The Index is rebalanced and reconstituted quarterly starting each February. Prior to August 28, 2023, the ETF's name was Invesco Dynamic Large Cap Growth ETF.