ETF Evaluator:
Invesco Dorsey Wright Financial Momt ETF ()
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(as of Aug 26)
Best Performing in Financial Over the Last Year
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ETF Details
Invesco Dorsey Wright Financial Momt ETF Overview
Invesco Dorsey Wright Financial Momt ETF (PFI) is a passively managed Sector Equity Financial exchange-traded fund (ETF). Invesco launched the ETF in 2006.
The investment seeks to track the investment results (before fees and expenses) of the Dorsey Wright Financials Technical LeadersTMIndex (the "underlying index").
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of at least 30 securities of companies in the financials sector that have powerful relative strength or "momentum" characteristics.
About Invesco Dorsey Wright Financial Momt ETF (PFI)
There are 3 members of the management team with an average tenure of 14.35 years: Peter Hubbard (2007), Michael Jeanette (2008) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: NASDAQ Composite TR USD index with a weighting of 100% and Dorsey Wright Financial Tech Ldrs TR USD index with a weighting of 100%. Invesco Dorsey Wright Financial Momt ETF has 39 securities in its portfolio. The top 10 holdings constitute 36.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Dorsey Wright Financial Momt ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco Dorsey Wright Financial Momt ETF has 5.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.3% There is 5.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Dorsey Wright Financial Momt ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $59 million in total assets, which is below the $2 billion average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PFI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Dorsey Wright Financial Momt ETF expense ratio is above average compared to funds in the Financial category. Invesco Dorsey Wright Financial Momt ETF has an expense ratio of 0.60%, which is 61% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Dorsey Wright Financial Momt ETF has a portfolio turnover rate of 153%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Financial category.
Recently, in the month of July 2026, Invesco Dorsey Wright Financial Momt ETF returned 2.8%, which earned it a grade of D, as the Financial category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Dorsey Wright Financial Momt ETF has a trailing yield of 0.98%, which is below the 3.85% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Dorsey Wright Financial Momt ETF Grades
Year to date, the ETF has returned 8.9%, 4.1 percentage points better than the category, which translates into a grade of B. The fund has returned 12.9% over the past year (grade of C), 12.7% over the past three years (grade of D) and 5.9% per year over the past five years (grade of D) and 8.8% per year over the past 10 years (grade of D).
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PFI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PFI Return (NAV) | 2.8% | 7.9% | 12.9% | 12.7% | 5.9% | 8.8% |
| PFI Return (Price) | 2.8% | 8.1% | 13.2% | 12.8% | 6.0% | 8.7% |
| NAV +/- Price Return | 0.070% | -0.167% | -0.336% | -0.105% | -0.061% | 0.010% |
| Financial Avg | 4.6% | 6.3% | 9.3% | 15.6% | 8.6% | 10.8% |
| PFI Grade (NAV) | D | C | C | D | D | D |
| +/- Category (NAV) | -1.8% | 1.6% | 3.6% | -2.9% | -2.7% | -2.1% |
| PFI Tax-Cost Ratio | na | na | 0.4% | 0.7% | 0.6% | 0.6% |
PFI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PFI Return (NAV) | 8.9% | 2.2% | 30.6% | 12.5% | -24.2% | 28.7% | 13.5% | 36.6% | -16.7% | 14.8% | 2.2% |
| PFI Return (Price) | 9.2% | 2.0% | 30.6% | 12.6% | -24.1% | 28.7% | 13.9% | 36.5% | -17.2% | 15.0% | 2.1% |
| NAV +/- Price Ret | 0.031% | -0.102% | -0.000% | 0.003% | -0.003% | 0.002% | 0.032% | -0.2% | 3.0% | 1.2% | -4.6% |
| Financial Avg | 4.8% | 11.7% | 23.9% | 13.9% | -13.8% | 32.1% | -1.0% | 28.6% | -12.8% | 14.2% | 22.3% |
| PFI Grade (NAV) | B | F | B | C | F | D | A | A | D | C | F |
| +/- Category | 4.1% | -9.6% | 6.7% | -1.3% | -10.3% | -3.4% | 14.5% | 8.0% | -3.9% | 0.6% | -20.2% |
| Risk Measures | |
| Beta: | 1.03 |
| R-Squared: | 52% |
| Standard Deviation: | 18.1% |
| Category Risk Index: | 1.05 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.47 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.0% |
| Total Assets: | $ 59 Mil |
| Share Class Assets: | $ 59 Mil |
| Turnover: | 153.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | Yes |
| Index Tracked: | NASDAQ Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 19.2 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Hubbard Peter (2007), Jeanette Michael (2008), Doshi Pratik (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 36.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.4% |
Portfolio Allocation |
|
| Domestic Stock: | 94.3% |
| Foreign Stock: | 5.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | October 12, 2006 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 1.52% |
