# Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pez for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Thematic · Inception: 2006-10-12 The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) aims to replicate the performance of the Dorsey Wright Consumer Cyclicals Technical Leaders Index. This fund typically allocates a minimum of 90% of its total assets to the securities that make up its benchmark index. The underlying index is meticulously constructed to identify companies displaying robust relative strength, a concept synonymous with momentum, by selecting at least 30 securities from the NASDAQ US Benchmark Index. Relative strength, in this context, measures a security's performance within a specific market univ... ## Key Facts | Metric | Value | |---|---| | Price | $99.67 | | Expense Ratio | 0.97% | | Assets Under Management | $22.1M | | NAV | $100.37 (2026-10-29 close) | | Holdings Count | 33 | | Distribution Yield (TTM) | 0.39% | | Annual Distribution (TTM) | $0.38 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $90.81 – $110.43 | | Beta | 1.49 | ## Latest Distribution - Amount: $0.1344 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does PEZ invest in? The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) aims to replicate the performance of the Dorsey Wright Consumer Cyclicals Technical Leaders Index. This fund typically allocates a minimum of 90% of its total assets to the securities that make up its benchmark index. The underlying index is meticulously constructed to identify companies displaying robust relative strength, a concept synonymous with momentum, by selecting at least 30 securities from the NASDAQ US Benchmark Index. Relative strength, in this context, measures a security's performance within a specific market universe over a period compared to the performance of all other securities in that same universe. Both the fund and its guiding index are rebalanced and reconstituted on a quarterly schedule. ### What is the expense ratio of PEZ? Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PEZ? Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) manages $22.1M 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 PEZ actively managed or an index fund? PEZ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PEZ launched? Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) launched in October 2006 and is managed by Invesco. ### How has PEZ performed? PEZ'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. ### Does PEZ pay a dividend? Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ) currently distributes little or no income. Trailing-twelve-month yield is 0.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PEZ pay dividends? Invesco Dorsey Wright Consumer Cyclicals Momentum ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PEZ's dividend yield? PEZ's trailing-twelve-month yield is 0.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is PEZ's next ex-dividend date? The most recently announced ex-dividend date for PEZ was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PEZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.97% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PEZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from PEZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PEZ cost more than a fund like VOO? PEZ's strategy (current expense ratio 0.97%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PEZ sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PEZ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PEZ (0.97%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pez - Distribution history: https://www.dividenddata.com/funds/pez/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pez/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pez/expenses - Peer comparison: https://www.dividenddata.com/funds/pez/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.