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Global ETF Survey 2026
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PIZ ETF · Invesco DWA Developed Markets Momentum ETF
The PIZ Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: Dorsey Wright Developed Markets Technical Leaders Index. The PIZ ETF provides physical exposure, so by buying it you actually own parts of all the 100 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Today at 1:30 PM UTC
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This fund is part ofDM Large & Mid Cap1M perf.-1.00%
Last price
$54.56
1M perf.
-4.45%
1M flows
+€14M
AuM
€675M
TER
0.8%
Rating
PIZ
$54.56
Performance & flows
Segment for quartile rank
April 1, 2026 → July 1, 2026
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PIZ
$55.24
+8.22%
DM Large & Mid Cap
+6.50%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -4.45%  | +8.22%  | +22.26% | +89.24%  | +59.09% | -1.16% | -1.16% | +13.18% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
7/1/2026
$55.24
1D NAV change
-1.16%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
100
Inception date
12/28/2007
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Invesco DWA Developed Markets Momentum ETF (Fund) is based on the Dorsey Wright® Developed Markets Technical Leaders Index (DWA Developed Markets Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in securities of developed economies within Dorsey Wright & Associates’ classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. This Index includes approximately 100 companies from the NASDAQ Developed Markets Ex United States Index that possess powerful relative strength characteristics and are domiciled in developed markets including, but not limited to Australia, Canada, Finland, France, Germany, Hong Kong, Italy, Japan, Norway, Portugal, Singapore, Spain and Switzerland. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +8.22% | +22.26% | +89.24% | +59.09% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Republic of Korea
18.62%
Japan
17.21%
Canada
11.59%
Israel
10.23%
Switzerland
6.64%
United Kingdom
6.55%
Italy
4.48%
Germany
3.58%
Sweden
3.33%
Other
17.78%
Sectors
Industrials
40.45%
Finance
30.98%
Technology
14.60%
Non-Energy Materials
5.85%
Consumer Non-Cyclicals
2.37%
Utilities
2.01%
Consumer Cyclicals
1.18%
Energy
1.16%
Other
1.40%
Diversification
Total weight of top 15 holdings out of 100
Top 15 holdings
Data as of May 31, 2026
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Sustainability
Integrates ESG criteria
No
SDG
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Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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PIZ
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Invesco
Invesco ID Card
Number of funds
650
Total AuM
€1.06T
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3497%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €429.73B |
QQQM | Invesco NASDAQ 100 ETF | €87.79B |
RSP | Invesco S&P 500® Equal Weight ETF | €83.68B |
SPXS | Invesco S&P 500 UCITS ETF | €35.71B |
GGGA | Invesco Global Government Bond UCITS ETF | €25.19B |
Frequently asked questions about PIZ
What does Invesco DWA Developed Markets Momentum ETF, PIZ, invest in?
PIZ is a Passive ETF. This ETF provides exposure to Other Large Cap Developed markets Equities.
Which benchmark or index does PIZ replicate?
PIZ tracks the Dorsey Wright Developed Markets Technical Leaders Net Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of PIZ?
PIZ carries a total expense ratio (TER) of 0.8%, indicating the annual cost for holding the fund.
When was PIZ launched?
PIZ was introduced to the market on December 28, 2007. It trades on United States
Who is the ETF issuer of PIZ?
Invesco DWA Developed Markets Momentum ETF, PIZ, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of PIZ?
PIZ oversees €675M in assets as of July 1, 2026.
How has PIZ performed lately?
Based on data from July 1, 2026, PIZ returned -4.45% over the past month, 8.22% over the last three months and 13.18% year-to-date.
What are the latest inflows or outflows for PIZ?
As of July 1, 2026, PIZ recorded net flows of +€14M over the last month and +€143M year-to-date.
Does PIZ distribute dividends?
PIZ follows a distributing dividend policy, meaning it pays out income to investors. As of July 1, 2026, its 12-month trailing yield was 0.42%.
What are the main country or region exposures of PIZ?
As of May 31, 2026, PIZ has significant geographic allocations in Republic of Korea, Japan and Canada.
In which sector or theme does PIZ invest in?
As of May 31, 2026, PIZ focuses largely on Industrials, Finance and Technology.
How many securities does PIZ hold and how diversified is it?
As of May 31, 2026, PIZ holds 100 positions in its portfolio, with 37.07% of assets concentrated in its top 15 holdings.
What are the main positions in PIZ?
As of May 31, 2026, PIZ top three holdings include SK Square Co. Ltd., ABB Ltd. and Fujikura Ltd..
What is the base currency of PIZ?
The base currency of PIZ is USD.
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