# Invesco Large Cap Growth ETF (PWB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pwb 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: Passive Index · Inception: 2005-03-03 The Invesco Large Cap Growth ETF (PWB) aims to track the performance of the Dynamic Large Cap Growth Intellidex Index. Typically, the ETF allocates a minimum of 90% of its assets to the common stocks featured in this underlying index. The Index's objective is to generate capital growth, ensuring a precise and consistent alignment with its designated investment style. This is achieved through the Style Intellidexes' robust 10-factor analysis, which meticulously categorizes companies based on their distinct investment style and market capitalization. Both the Fund and its benchmark index unde... ## Key Facts | Metric | Value | |---|---| | Price | $155.70 | | Expense Ratio | 0.55% | | Assets Under Management | $2.57B | | NAV | $150.81 | | Holdings Count | 51 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $118.50 – $169.01 | | Beta | 1.22 | ## Latest Distribution - Amount: $0.0020 /share - Ex-date: 2025-06-23 - Pay date: 2025-06-27 ## Frequently Asked Questions ### What does PWB invest in? The Invesco Large Cap Growth ETF (PWB) aims to track the performance of the Dynamic Large Cap Growth Intellidex Index. Typically, the ETF allocates a minimum of 90% of its assets to the common stocks featured in this underlying index. The Index's objective is to generate capital growth, ensuring a precise and consistent alignment with its designated investment style. This is achieved through the Style Intellidexes' robust 10-factor analysis, which meticulously categorizes companies based on their distinct investment style and market capitalization. Both the Fund and its benchmark index undergo rebalancing and reevaluation on a quarterly schedule, specifically in February, May, August, and November. According to Morningstar Inc., as of August 31, 2025, the Fund achieved an overall 4-star rating among 1031 evaluated funds. Its performance over various periods also earned 4 stars for the 3-year period (out of 1031 funds), 4 stars for the 5-year period (out of 958 funds), and 3 stars for the 10-year period (out of 762 funds). These Morningstar ratings evaluate a fund's risk-adjusted returns, prioritizing consistent performance and heavily weighing negative monthly fluctuations. For comparative analysis, both open-end mutual funds and ETFs are grouped together. A fund must possess at least three years of operational history to qualify for a rating. The overall star rating is a composite, weighted average of the 3-, 5-, and 10-year metrics where available, accounting for all fees and expenses but excluding sales charges. It's important to note that all Morningstar information is proprietary and copyrighted by Morningstar Inc. (©2025). This content cannot be reproduced or distributed and its accuracy, completeness, or timeliness is not guaranteed. Morningstar and its data providers disclaim responsibility for any losses incurred from the use of this information. Investors should remember that historical performance is not indicative of future outcomes. Within any given category, the top 10% of funds receive five stars, the subsequent 22.5% receive four stars, the middle 35% receive three stars, the next 22.5% receive two stars, and the lowest 10% receive one star. These ratings are dynamic and updated monthly. If certain fees had not been waived or expenses reimbursed, either currently or historically, the assigned Morningstar rating for this fund would have been lower. Furthermore, different share classes of the fund may exhibit varied performance characteristics, leading to potentially different ratings. ### What is the expense ratio of PWB? Invesco Large Cap Growth ETF (PWB) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PWB? Invesco Large Cap Growth ETF (PWB) manages $2.57B 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 PWB actively managed or an index fund? PWB 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 (PWB's is 0.55%) because there's no security selection cost. ### When was PWB launched? Invesco Large Cap Growth ETF (PWB) launched in March 2005 and is managed by Invesco. ### How has PWB performed? PWB'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 PWB pay a dividend? Invesco Large Cap Growth ETF (PWB) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PWB pay dividends? Invesco Large Cap Growth ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PWB's dividend yield? PWB's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is PWB's next ex-dividend date? The most recently announced ex-dividend date for PWB was 2025-06-23. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PWB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.55% 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 PWB charge its expense ratio? The expense ratio is deducted in tiny daily slices from PWB'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 PWB cost more than a fund like VOO? PWB is a passive index fund (current expense ratio 0.55%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PWB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PWB (0.55%) 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/pwb - Distribution history: https://www.dividenddata.com/funds/pwb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pwb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pwb/expenses - Peer comparison: https://www.dividenddata.com/funds/pwb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.