Invesco Large Cap Value ETF

Frequently Asked Questions About PWV

What does PWV invest in?

The Invesco Large Cap Value ETF (PWV) seeks to replicate the performance of the Dynamic Large Cap Value Intellidex Index. This fund typically commits at least 90% of its total assets to the common stocks comprising its underlying index. The Index is specifically designed to achieve capital appreciation while diligently maintaining a consistent and accurate investment style. It accomplishes this through a rigorous 10-factor methodology that objectively assigns companies to their appropriate investment style and size categories. Both the Fund and the Index undergo quarterly adjustments and rebalancing during February, May, August, and November. As of August 31, 2025, the Fund held an overall rating of 4 stars from Morningstar Inc., out of 1077 funds. It also earned 4-star ratings for its 3-year (among 1077 funds), 5-year (among 1018 funds), and 10-year (among 826 funds) periods. Morningstar's ratings are calculated using a risk-adjusted return measure that emphasizes downward variations in a fund's monthly performance and rewards consistent returns. For comparison, open-end mutual funds and exchange-traded funds are considered a single group. Only funds with at least a three-year history are eligible for rating. The overall rating is a weighted average of the applicable three-, five-, and ten-year metrics, accounting for all fees and expenses but excluding sales charges. Within any category, the top 10% of funds receive five stars, the next 22.5% receive four stars, the subsequent 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. These ratings are subject to monthly changes. It's important to note that if fees had not been waived or expenses reimbursed, the Morningstar rating could have been lower, and ratings for other share classes may differ due to distinct performance characteristics. Investors should be aware that past performance is not a guarantee of future results.

What is the expense ratio of PWV?

Invesco Large Cap Value ETF (PWV) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PWV?

Invesco Large Cap Value ETF (PWV) manages $1.91B 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 PWV actively managed or an index fund?

PWV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PWV launched?

Invesco Large Cap Value ETF (PWV) launched in March 2005 and is managed by Invesco.

How has PWV performed?

PWV'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.