PIZInvesco DWA Developed Markets Momentum ETF
PIZ Fund Description
PIZ tracks an index of stocks in developed markets outside the U.S. that exhibit high relative strength characteristics.
PIZ Factset Analytics Insight
Alpha-seeking 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.
PIZ MSCI ESG Analytics Insight
Invesco DWA Developed Markets Momentum ETF has an MSCI ESG Fund Rating of A based on a score of 8.31 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Invesco DWA Developed Markets Momentum ETF ranks in the 89th percentile within its peer group and in the 73th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PIZ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
PIZ Summary Data
PIZ Portfolio Data
PIZ Index Data
PIZ Portfolio Management
PIZ Tax Exposures
PIZ Fund Structure
PIZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PIZ. PIZ is rated a 4 out of 5.
PIZ Sector/Industry Breakdown
PIZ Top 10 Holdings[View All]
PIZ Economic Development
PIZ Performance Statistics
PIZ MSCI ESG Ratings
PIZ Benchmark Comparison Summary
PIZ Benchmark Comparison Market Cap Size