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Invesco Dorsey Wright Emerging Markets Momentum (PIE) ETF Holdings & Analysis
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What PIE does
The Invesco Dorsey Wright Emerging Markets Momentum ETF (the Fund) is designed to track the performance of the Dorsey Wright Emerging Markets Technical Leaders Index. The Fund primarily invests a minimum of 90% of its assets in securities from emerging economies, as defined by Dorsey Wright & Associates, including American and Global Depositary Receipts (ADRs and GDRs) tied to the Index's constituents. The underlying Index comprises roughly 100 companies, selected from the Nasdaq Emerging Markets Index. These companies are chosen for their strong relative strength (momentum) and are based in various developing nations such as Brazil, China, India, Indonesia, and South Africa, among others. A key exclusion is US companies listed on American exchanges. The Index's returns are calculated on a net basis, factoring in applicable taxes for non-resident investors. Both the Fund and the Index are rebalanced and reconstituted every quarter. Please note that as of August 25, 2023, the Fund's name was updated from "Invesco DWA Emerging Markets Momentum ETF" to its current "Invesco Dorsey Wright Emerging Markets Momentum ETF." This was solely a name change, with no other operational adjustments made to the Fund. More details are available in the prospectus.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Wanguo Gold Group Ltd | 3.56% | |
| Topco Scientific Co Ltd | 2.88% | |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.67% | |
| Accton Technology Corp | 2.53% | |
| United Integrated Services Co Ltd | 2.37% | |
| Sigurd Microelectronics Corp | 2.32% | |
| Marketech International Corp | 2.27% | |
| Yankey Engineering Co Ltd | 2.14% | |
| Nan Ya Printed Circuit Board Corp | 2.05% | |
| Zijin Mining Group Co Ltd | 1.94% |
Sector allocation
| Basic Materials | 10.26% |
| Communication Services | 2.44% |
| Consumer Cyclical | 3.40% |
| Consumer Defensive | 1.21% |
| Energy | 2.87% |
| Financial Services | 17.50% |
| Healthcare | 1.50% |
| Industrials | 16.59% |
| Real Estate | 3.78% |
| Technology | 39.64% |
| Utilities | 0.81% |
Geographic allocation
| Taiwan | 58.92% |
| China | 15.05% |
| South Africa | 7.02% |
| Thailand | 4.22% |
| Mexico | 3.21% |
| Hungary | 2.48% |
| Turkey | 2.21% |
| Malaysia | 2.14% |
| Philippines | 1.26% |
| Brazil | 1.13% |
PortView Portfolio Insights
PortView analyzes how PIE fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does PIE track?
- PIE is the Invesco Dorsey Wright Emerging Markets Momentum ETF, a Other ETF.
- What is the expense ratio of PIE?
- Expense ratio data for PIE is shown on the page when available from our data provider.
- What are the largest holdings in PIE?
- Top holdings include 3939.HK, 5434.TW, 2330.TW, 2345.TW, 2404.TW.
- How can PortView analyze PIE overlap with other ETFs?
- PortView computes the holdings overlap between PIE and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.