PEZInvesco DWA Consumer Cyclicals Momentum ETF
PEZ Fund Description
The Invesco DWA Consumer Cyclicals Momentum Portfolio tracks an index of U.S. consumer cyclical firms selected and weighted by price momentum.
PEZ Factset Analytics Insight
PEZ follows a Dorsey-Wright relative strength index that selects and weights US consumer cyclical stocks by price momentum. It makes some major sector bets relative to our benchmark, especially with a massive underweighting to media and a heavy overweighting to leisure products. The portfolio also tilts small, with a growth bias and somewhat higher risk. Liquidity is somewhat underwhelming, with low daily trading volume and significant average spreads. Larger investors won't have too much trouble dealing in bulk thanks to PEZ's liquid basket. The fund charges a steep expense ratio for its segment, and real costs are likely to be higher still thanks to loose tracking. While closure risk is low, PEZ has not attracted a ton of investor interest, even after a 2014 methodology change.
PEZ MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 21, 2018 the Invesco DWA Consumer Cyclicals Momentum ETF MSCI ESG Fund Quality Score is 4.07 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PEZ ranks in the 12nd percentile within its peer group and in the 10th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
PEZ CHARTS AND PERFORMANCE
PEZ Top 10 Countries
PEZ Top 10 Sectors
PEZ Top 10 Holdings [View All]
PEZ Summary Data
PEZ Portfolio Data
PEZ Index Data
PEZ Portfolio Management
PEZ Tax Exposures
PEZ Fund Structure
PEZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PEZ. PEZ is rated a 4 out of 5.
PEZ Sector/Industry Breakdown
PEZ TOP 10 HOLDINGS[View All]
PEZ Economic Development
PEZ Performance Statistics
PEZ MSCI ESG Ratings
PEZ BENCHMARK COMPARISON SUMMARY
PEZ BENCHMARK COMPARISON MARKET CAP SIZE
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.