PRNInvesco DWA Industrials Momentum ETF
PRN Fund Description
PRN tracks an index of U.S. industrial firms selected and weighted by price momentum.
PRN Factset Analytics Insight
PRN changed its tune in February 2014 but continues to provide an alternate take on US industrial 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. Currently the fund follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. The fund selects the top, at least 30 stocks, with the highest momentum scores in the industrial space. The fund uses a full replication indexing strategy, meaning PRN will generally invest in all of the stocks of the underlying index and in proportion to the weightings. Overall, PRN offers a different, growth-focused take on industrial stocks. Investors should consider all-in costs of holding the fund. The fund is reconstituted and rebalanced quarterly.
PRN MSCI ESG Analytics Insight
Invesco DWA Industrials Momentum ETF has an MSCI ESG Fund Rating of A based on a score of 6.35 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 Industrials Momentum ETF ranks in the 57th percentile within its peer group and in the 53th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PRN 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.
PRN Summary Data
PRN Portfolio Data
PRN Index Data
PRN Portfolio Management
PRN Tax Exposures
PRN Fund Structure
PRN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PRN. PRN is rated a 5 out of 5.
PRN Sector/Industry Breakdown
PRN Top 10 Holdings[View All]
PRN Economic Development
PRN Performance Statistics
PRN MSCI ESG Ratings
PRN Benchmark Comparison Summary
PRN Benchmark Comparison Market Cap Size