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About Invesco Dorsey Wright Technology Momentum ETF

PTF continues to provide an alternate take on US technology firms following a 2014 index change. The fund now follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum in an effort to outperform the broad market. This momentum-based take can swing the fund far from neutral exposure, with major sector bets and even sizeable allocations outside the traditional tech sphere. The fund carries a much lower average market cap compared to the broad market, and attendant risk is elevated as a result. The fund selects the top, at least 30 stocks, with the highest momentum scores in the technology space. The fund uses a full replication indexing strategy. Investors should consider all-in costs of holding the fund. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the ETF's name was Invesco DWA Technology Momentum ETF.