PTHInvesco DWA Healthcare Momentum ETF
PTH Fund Description
PTH tracks an index of U.S. healthcare firms selected and weighted by price momentum.
PTH Factset Analytics Insight
PTH provides an alternate take on US healthcare firms, with a lot of emphasis on the biotech and research sector compared to our more pharma and provider-focused neutral benchmark. PTH has been around for a while, but changed indexes in 2014 to adopt a momentum-weighted Dorsey-Wright relative strength index. This has contributed to the fund's sharp pivot away from neutral segment exposure toward growth sectors. Unsurprisingly, the fund tilts small, and carries considerably more risk. The fund selects the top, at least 30 stocks, with the highest momentum scores in the healthcare space. The fund uses a full replication indexing strategy, meaning PTH will generally invest in all of the stocks of the underlying index and in proportion to the weightings. Overall, PTH offers a different, growth-focused take on healthcare. Investors should consider all-in costs of holding the fund. The fund is reconstituted and rebalanced quarterly.
PTH MSCI ESG Analytics Insight
Invesco DWA Healthcare Momentum ETF has an MSCI ESG Fund Rating of BB based on a score of 3.86 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 Healthcare Momentum ETF ranks in the 12nd percentile within its peer group and in the 21st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PTH 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.
PTH Portfolio Data
PTH Index Data
PTH Portfolio Management
PTH Tax Exposures
PTH Fund Structure
PTH Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PTH. PTH is rated a 5 out of 5.
PTH Sector/Industry Breakdown
PTH Top 10 Holdings[View All]
PTH Economic Development
PTH Performance Statistics
PTH MSCI ESG Ratings
PTH Benchmark Comparison Summary
PTH Benchmark Comparison Market Cap Size