What is DWAS?

DWAS tracks an index of 200 small-cap securities with the best relative strength indicators, these indicators are determined by Dorsey Wright's proprietary methodology.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DWAS -7.83% -2.57% -2.80% -16.61% 25.87% 7.69% 8.85%
DWAS (NAV) -7.77% -2.64% -2.89% -16.56% 25.96% 7.69% 8.87%
Dorsey Wright SmallCap Technical Leaders Index -7.74% -2.53% -2.79% -16.08% 26.70% 8.29% 9.48%
MSCI USA Small Cap Index -9.51% -1.27% -1.33% -12.26% 25.36% 6.37% 9.13%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DWAS Factset Analytics Insight

DWAS offers a technical take on US small-caps, differentiating it from the large field of competing ETFs. The fund aims to outperform standard market cap-weighted ETFs using relative price trends as interpreted by Dorsey Wright, rather than market value or fundamental attributes. DWAS selects just 200 stocks for its portfolio each quarter, which makes it far more concentrated than rivals like IWM, which holds nearly 2,000 small-caps. The resulting portfolio can vary greatly from vanilla ETFs in both holdings and performance, and tilts toward small- and micro-caps compared to our benchmark. The fund uses a full replication indexing strategy, meaning DWAS 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 index is reconstituted and rebalanced quarterly.

DWAS Summary Data

Invesco
07/19/12
0.60%
$476.98M
MSCI USA Small Cap Index
Open-Ended Fund

Peers

MSCI USA Small Cap Index

Fund Flows

+$0.03B 5 Days
+$0.12B 30 Days
+$0.09B 90 Days

DWAS Portfolio Data

$2.20B
18.72
2.83
0.83%
N/A
201

DWAS Index Data

Tiered
Momentum
MSCI USA Small Cap Index

DWAS Portfolio Management

0.60%
-0.57%
-0.47%
-0.78%

DWAS Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

DWAS Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of DWAS. DWAS is rated a 5 out of 5.

DWAS Tradability

69,107
$5.20M
27,044
$2.08M
0.14%
$0.11
0.00%
0.20% / -0.21%
None
100.00%
50,000
0.54
0.01%
0.31%
21
$70.67
5

DWAS Sector/Industry Breakdown

DWAS Segment
Benchmark
19.36% --
12.81% --
10.28% --
9.49% --
7.75% --
6.52% --
6.37% --
4.90% --
4.10% --
3.72% --

DWAS Performance Statistics

0.85
1.02
0.94
1.14
0.80%
MSCI USA Small Cap Index

DWAS Countries

DWAS Segment
Benchmark
99.96% 100.00%

DWAS Regions

DWAS Segment
Benchmark
99.96% 100.00%

DWAS Economic Development

DWAS Segment
Benchmark
99.96% 100.00%
0.00% 0.00%

DWAS Benchmark Comparison Holdings

201
1935
175
8.46%

DWAS Benchmark Comparison Summary

DWAS Segment
Benchmark
201 1935
$2.20B $4.96B
18.72 22.30
2.83 2.32
0.51% 1.33%
Low Low

DWAS Benchmark Comparison Market Cap Size

DWAS Segment
Benchmark
0.00% 1.13%
31.54% 72.35%
53.51% 24.40%
14.91% 2.10%