# Invesco Dorsey Wright Financial Momentum ETF (PFI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pfi 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 PFI changed its tune in February 2014 but continues to provide an alternate take on US financial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. The new incarnation follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Index selection begins by creating a momentum score for each eligible stock in the financial sector. The score is based on both intermediate and long-term price movements compared to other stoc... ## Key Facts | Metric | Value | |---|---| | Price | $58.06 | | Expense Ratio | 0.78% | | Assets Under Management | $48.6M | | NAV | $57.85 | | Holdings Count | 45 | | Distribution Yield (TTM) | 1.22% | | Annual Distribution (TTM) | $0.71 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $51.57 – $64.46 | | Beta | 1.03 | ## Latest Distribution - Amount: $0.1618 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does PFI invest in? PFI changed its tune in February 2014 but continues to provide an alternate take on US financial firms. The old version of the fund used a multi-factor selection method coupled with a tiered equal-weighting scheme that produced a vastly different portfolio than our neutral benchmark. The new incarnation follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Index selection begins by creating a momentum score for each eligible stock in the financial sector. The score is based on both intermediate and long-term price movements compared to other stocks in the space. The top, at least 30 stocks, with the highest momentum scores are selected for index inclusion. Companies in the financial sector include banking, investment services, insurance and real estate finance services. The fund is reconstituted and rebalanced quarterly. Prior to August 28, 2023, the fund traded under the name Invesco DWA Financial Momentum ETF. ### What is the expense ratio of PFI? Invesco Dorsey Wright Financial Momentum ETF (PFI) charges an expense ratio of 0.78%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PFI? Invesco Dorsey Wright Financial Momentum ETF (PFI) manages $48.6M 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 PFI actively managed or an index fund? PFI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PFI launched? Invesco Dorsey Wright Financial Momentum ETF (PFI) launched in October 2006 and is managed by Invesco. ### How has PFI performed? PFI'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 PFI pay a dividend? Invesco Dorsey Wright Financial Momentum ETF (PFI) currently distributes little or no income. Trailing-twelve-month yield is 1.22%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PFI pay dividends? Invesco Dorsey Wright Financial 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 PFI's dividend yield? PFI's trailing-twelve-month yield is 1.22%, calculated from the sum of dividends over the past year divided by the current price. ### When is PFI's next ex-dividend date? The most recently announced ex-dividend date for PFI 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 PFI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.78% 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 PFI charge its expense ratio? The expense ratio is deducted in tiny daily slices from PFI'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 PFI cost more than a fund like VOO? PFI's strategy (current expense ratio 0.78%) 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 PFI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PFI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PFI (0.78%) 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/pfi - Distribution history: https://www.dividenddata.com/funds/pfi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pfi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pfi/expenses - Peer comparison: https://www.dividenddata.com/funds/pfi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.