ETF Evaluator:
Invesco Dorsey Wright IndustrialsMomtETF ()
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(as of Aug 26)
Best Performing in Industrials Over the Last Year
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ETF Details
Invesco Dorsey Wright IndustrialsMomtETF Overview
Invesco Dorsey Wright IndustrialsMomtETF (PRN) is a passively managed Sector Equity Industrials 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® Industrials Technical Leaders Index (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 industrials sector that have powerful relative strength or "momentum" characteristics.
About Invesco Dorsey Wright IndustrialsMomtETF (PRN)
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 Indstrls Tech Ldrs TR USD index with a weighting of 100%. Invesco Dorsey Wright IndustrialsMomtETF has 46 securities in its portfolio. The top 10 holdings constitute 36.7% 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 IndustrialsMomtETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco Dorsey Wright IndustrialsMomtETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.8% There is 0.0% 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 IndustrialsMomtETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $424 million in total assets, which is below the $1 billion average for the Industrials 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.
PRN 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 IndustrialsMomtETF expense ratio is above average compared to funds in the Industrials category. Invesco Dorsey Wright IndustrialsMomtETF has an expense ratio of 0.60%, which is 18% higher 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 IndustrialsMomtETF has a portfolio turnover rate of 154%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Industrials category.
Recently, in the month of July 2026, Invesco Dorsey Wright IndustrialsMomtETF returned -17.4%, which earned it a grade of F, as the Industrials category had an average return of -4.0%. 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 IndustrialsMomtETF has a trailing yield of 0.10%, which is below the 1.11% 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 IndustrialsMomtETF Grades
Year to date, the ETF has returned 23.4%, 10.8 percentage points better than the category, which translates into a grade of A. The fund has returned 31.3% over the past year (grade of B), 26.0% over the past three years (grade of B) and 16.8% per year over the past five years (grade of A) and 16.3% per year over the past 10 years (grade of A).
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PRN 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 |
|
| PRN Return (NAV) | -17.4% | -7.0% | 31.3% | 26.0% | 16.8% | 16.3% |
| PRN Return (Price) | -17.3% | -7.1% | 31.5% | 26.0% | 16.8% | 16.2% |
| NAV +/- Price Return | -0.026% | 0.036% | -0.119% | -0.017% | -0.042% | 0.019% |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| PRN Grade (NAV) | F | D | B | B | A | A |
| +/- Category (NAV) | -13.4% | -5.6% | 6.6% | 8.2% | 5.3% | 2.7% |
| PRN Tax-Cost Ratio | na | na | 0.1% | 0.1% | 0.1% | 0.1% |
PRN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRN Return (NAV) | 23.4% | 13.8% | 30.9% | 37.2% | -25.0% | 25.6% | 35.7% | 34.1% | -15.5% | 22.5% | 13.1% |
| PRN Return (Price) | 23.5% | 13.7% | 30.3% | 38.0% | -25.1% | 25.2% | 36.4% | 34.5% | -16.2% | 22.8% | 12.7% |
| NAV +/- Price Ret | 0.001% | -0.004% | -0.017% | 0.022% | 0.005% | -0.013% | 0.020% | 1.2% | 4.1% | 1.5% | -2.7% |
| Industrials Avg | 12.6% | 27.1% | 14.2% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| PRN Grade (NAV) | A | D | A | A | F | B | A | B | F | C | F |
| +/- Category | 10.8% | -13.3% | 16.7% | 15.7% | -12.1% | 4.9% | 20.2% | 3.8% | -2.1% | -0.3% | -9.0% |
| Risk Measures | |
| Beta: | 1.60 |
| R-Squared: | 58% |
| Standard Deviation: | 26.6% |
| Category Risk Index: | 1.29 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.17 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.1% |
| Total Assets: | $ 425 Mil |
| Share Class Assets: | $ 425 Mil |
| Turnover: | 154.0% |
| 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: | 46 |
| % in Top 10 Holdings: | 36.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
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 (%): | 0.51% |
