Invesco Nasdaq Free Cash Flow Achievers ETF

Frequently Asked Questions About QOWZ

What does QOWZ invest in?

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) endeavors to mirror the investment performance of the Nasdaq US Free Cash Flow Achievers Index, prior to accounting for fees and operating expenses. The fund allocates a minimum of 90% of its total assets to the securities that constitute this benchmark. The underlying Index is designed to track U.S.-listed companies exhibiting continuous and robust growth in their free cash flow. For inclusion, a company must already be a component of the NASDAQ US Benchmark Index and, crucially, must have generated positive free cash flow in every one of the preceding eleven years. Free cash flow refers to the capital a business retains after covering its operating expenses and capital investments. The Index undergoes an annual reconstitution process each June, and both QOWZ and the Index are rebalanced on a quarterly basis.

What is the expense ratio of QOWZ?

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

How big is QOWZ?

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) manages $10.4M 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 QOWZ actively managed or an index fund?

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

When was QOWZ launched?

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) launched in December 2023 and is managed by Invesco.

How has QOWZ performed?

QOWZ'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.