- What are the top holdings of PFI?
- Invesco Dorsey Wright Financial Momentum ETF holds 38 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does PFI have?
- PFI holds 38 positions as reported by the fund's most recent disclosure.
- What sectors does PFI invest in?
- Invesco Dorsey Wright Financial Momentum ETF (PFI) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is PFI most exposed to?
- PFI's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is PFI a US-only fund?
- The country allocation card on this page shows PFI's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- 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.
