Invesco DWA NASDAQ Momentum ETF

Frequently Asked Questions About DWAQ

What does DWAQ invest in?

The investment seeks to track the investment results (before fees and expenses) of the Dorsey Wright® NASDAQ Technical Leaders Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of approximately 100 securities from an eligible universe of approximately 1,000 of the largest capitalization companies whose securities are included within the NASDAQ US Benchmark Index, except U.S.-listed American depositary receipts (ADRs) or foreign securities that trade on The Nasdaq Stock Market.

What is the expense ratio of DWAQ?

An expense ratio for Invesco DWA NASDAQ Momentum ETF (DWAQ) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is DWAQ?

Invesco DWA NASDAQ Momentum ETF (DWAQ) manages $54.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DWAQ actively managed or an index fund?

DWAQ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios because there's no security selection cost.

When was DWAQ launched?

Invesco DWA NASDAQ Momentum ETF (DWAQ) launched in January 2004 and is managed by Invesco.

How has DWAQ performed?

DWAQ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.