Key stats
About Invesco Dorsey Wright Emerging Markets Momentum ETF
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Inception date
Dec 28, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PIE aims to find winning stocks in emerging markets using a Dorsey Wright technical analysis index that relies on trends in relative price. The fund holds a small basket of about 100 names and tends to favor smaller firms, resulting in a far lower average market cap than our benchmark. PIE makes no effort at marketlike sector coverage, so it's liable to make heavy sector bets relative to the benchmark, and those bets are likely to change over time. This strategy has paid off at times, but it's also suffered slumps where it generated no significant alpha. The underlying index is computed using the net return, which withholds applicable taxes for non-resident investors. The index and fund are reconstituted and rebalanced quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Emerging Markets Momentum ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Stocks97.10%
Finance30.06%
Electronic Technology23.63%
Consumer Durables7.90%
Transportation4.51%
Industrial Services4.23%
Consumer Services4.07%
Health Technology4.04%
Non-Energy Minerals3.47%
Technology Services3.29%
Consumer Non-Durables2.98%
Communications2.54%
Distribution Services2.50%
Producer Manufacturing2.19%
Utilities0.93%
Health Services0.74%
Bonds, Cash & Other2.90%
Miscellaneous2.78%
Mutual fund0.09%
Cash0.02%
Corporate0.01%
Stock breakdown by region
Asia74.24%
Europe7.22%
Africa7.15%
North America6.30%
Latin America5.09%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PIE invests in stocks. The fund's major sectors are Finance, with 30.06% stocks, and Electronic Technology, with 23.63% of the basket. The assets are mostly located in the Asia region.
PIE top holdings are Pop Mart International Group Limited and Taiwan Semiconductor Manufacturing Co., Ltd., occupying 4.07% and 3.22% of the portfolio correspondingly.
PIE last dividends amounted to 0.21 USD. The quarter before, the issuer paid 0.01 USD in dividends, which shows a 96.17% increase.
PIE assets under management is 96.68 M USD. It's risen 5.08% over the last month.
PIE fund flows account for −25.47 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PIE pays dividends to its holders with the dividend yield of 2.12%. The last dividend (Jun 27, 2025) amounted to 0.21 USD. The dividends are paid quarterly.
PIE shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 28, 2007, and its management style is Passive.
PIE expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
PIE follows the Dorsey Wright Emerging Markets Technical Leaders Index (Net). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PIE invests in stocks.
PIE price has risen by 4.35% over the last month, and its yearly performance shows a −2.87% decrease. See more dynamics on PIE price chart.
NAV returns, another gauge of an ETF dynamics, showed a 5.83% increase in three-month performance and has decreased by −6.13% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 5.83% increase in three-month performance and has decreased by −6.13% in a year.
PIE trades at a premium (1.52%) meaning the ETF is trading at a higher price than the calculated NAV.