Key stats
About Invesco Dorsey Wright Financial Momentum ETF
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Inception date
Oct 12, 2006
Structure
Open-Ended Fund
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.
PFI changed its tune in February 2014 but continues to provide an alternate take on US financial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. The new incarnation follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Index selection begins by creating a momentum score for each eligible stock in the financial sector. The score is based on both intermediate and long-term price movements compared to other stocks in the space. The top, at least 30 stocks, with the highest momentum scores are selected for index inclusion. Companies in the financial sector include banking, investment services, insurance and real estate finance services. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Financial 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
Stocks99.77%
Finance98.00%
Commercial Services1.77%
Bonds, Cash & Other0.23%
Mutual fund0.23%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PFI invests in stocks. The fund's major sectors are Finance, with 98.00% stocks, and Commercial Services, with 1.77% of the basket. The assets are mostly located in the North America region.
PFI top holdings are Mastercard Incorporated Class A and Progressive Corporation, occupying 6.67% and 6.08% of the portfolio correspondingly.
PFI last dividends amounted to 0.14 USD. The quarter before, the issuer paid 0.84 USD in dividends, which shows a 499.07% decrease.
PFI assets under management is 61.03 M USD. It's risen 8.08% over the last month.
PFI fund flows account for −462.27 K 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, PFI pays dividends to its holders with the dividend yield of 2.89%. The last dividend (Mar 28, 2025) amounted to 0.14 USD. The dividends are paid quarterly.
PFI shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Oct 12, 2006, and its management style is Passive.
PFI expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
PFI follows the Dorsey Wright Financials Tech Leaders TR. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFI invests in stocks.
PFI price has risen by 7.49% over the last month, and its yearly performance shows a 9.08% increase. See more dynamics on PFI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.00% over the last month, showed a −8.11% decrease in three-month performance and has increased by 13.18% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.00% over the last month, showed a −8.11% decrease in three-month performance and has increased by 13.18% in a year.
PFI trades at a premium (0.37%) meaning the ETF is trading at a higher price than the calculated NAV.