PIZ
Invesco Dorsey Wright Developed Markets Momentum ETF·NASDAQ
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Key Stats
Assets Under Management
596.16MUSD
Fund Flows (1Y)
283.68MUSD
Dividend Yield
1.43%
Discount/Premium to NAV
0.13%
Shares Outstanding
11.25M
Expense Ratio
0.80%
About Invesco Dorsey Wright Developed Markets Momentum ETF
Issuer
Invesco Capital Management LLC
Brand
Invesco
Inception Date
Dec 28, 2007
Structure
Open-Ended Fund
Index Tracked
Dorsey Wright Developed Markets Technical Leaders Index
Management Style
Passive
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.
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
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Momentum
Geography
Global ex-U.S.
Weighting Scheme
Momentum
Selection Criteria
Momentum
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +5.46% | +10.29% | +7.37% | +36.64% | +80.27% | +53.75% |
NAV Total Return | +2.70% | +9.30% | +4.32% | +34.79% | +84.96% | +62.40% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Financial Services
39.92%
Industrials
34.98%
Basic Materials
10.80%
Technology
4.61%
Consumer Defensive
4.22%
Healthcare
1.85%
Utilities
1.62%
Consumer Cyclical
1.10%
Energy
0.90%
Financial Services
39.92%
Industrials
34.98%
Basic Materials
10.80%
Technology
4.61%
Consumer Defensive
4.22%
Healthcare
1.85%
Utilities
1.62%
Consumer Cyclical
1.10%
Energy
0.90%
Asset
Region
52.2%
22.58%
14.45%
5.97%
4.09%
0.71%
Category
Ratio
Europe
52.20%
Asia
22.58%
North America
14.45%
Australasia
5.97%
Africa/Middle East
4.09%
Latin America
0.71%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Large-Cap Growth
Focuses on large-cap companies with high growth potential. These ETFs invest in leading companies with strong expansion prospects.
Top 10 Holdings
Symbol
Ratio
ABB Ltd
3.25%
Flughafen Zurich AG
2.72%
Bombardier Inc
2.56%
Siemens Energy AG
2.47%
Sampo Oyj
2.37%
Diploma PLC
2.31%
Dollarama Inc
2.27%
Schindler Holding AG
2.26%
Geberit AG
2.24%
Investor AB
2.05%
Top 10 Weight 24.5%
102 Total Holdings
Is SPY better than PIZ?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-22 | 2025-09-22 | 2025-09-26 | 0.027 |
| 2025-06-23 | 2025-06-23 | 2025-06-27 | 0.381 |
| 2025-03-24 | 2025-03-24 | 2025-03-28 | 0.150 |
| 2024-12-23 | 2024-12-23 | 2024-12-27 | 0.288 |
| 2024-09-23 | 2024-09-23 | 2024-09-27 | 0.032 |
| 2024-06-24 | 2024-06-24 | 2024-06-28 | 0.202 |
| 2024-03-18 | 2024-03-19 | 2024-03-22 | 0.088 |
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Premium/Discount Chart
Assets Under Management
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Fund Flows
