The Invesco, as the PDP issuer, operates in accordance with the guidelines set by Dorsey, Wright & Associates, LLC (the Index Provider), which compiles and manages the Underlying Index. This index consists of around 100 securities selected from a pool of approximately 1,000 of the largest constituents by market capitalization within the Nasdaq US Benchmark™ Index. Dorsey Wright employs a proprietary methodology to identify securities demonstrating robust relative strength or momentum characteristics, emphasizing recent performance. The Underlying Index, as of June 30, 2023, comprised 99 constituents with market capitalizations ranging widely. The Fund employs a full replication strategy, investing in all securities within the Underlying Index in proportion to their weights. While the Fund aims for diversification as defined by the Investment Company Act of 1940, it may become non-diversified due to changes in market capitalization or index weighting without shareholder approval. Additionally, the Fund adheres to a concentration policy, investing significantly in industries only if the Underlying Index reflects such concentration. As of April 30, 2023, the Fund had notable exposure to the information technology and industrials sectors, though its portfolio holdings and concentrations are subject to change over time.
The PDP (PowerShares DWA Momentum Portfolio) Dividend, as managed by Invesco, offers investors exposure to high dividend-yielding stocks while adhering to the principles of momentum investing. The fund typically invests at least 90% of its assets in securities comprising the Underlying Index, which is compiled and maintained by Dorsey, Wright & Associates, LLC. This index selects around 100 securities exhibiting strong relative strength or momentum characteristics from a universe of large-cap U.S. stocks. With a focus on dividend-yielding stocks, PDP Dividend aims to provide investors with both income and potential capital appreciation. By employing a full replication methodology, the fund invests in all securities within the index in proportion to their weights. Moreover, the fund seeks to maintain diversification in line with regulatory requirements, though it may become non-diversified due to changes in market conditions. Investors in PDP Dividend can benefit from a concentrated exposure to high dividend-yielding stocks with the potential for sustained momentum-driven performance.
The PDP (PowerShares DWA Momentum Portfolio) Tracking, offered by Invesco, provides investors with an opportunity to gain exposure to a momentum-driven investment strategy. The fund seeks to closely track the performance of the Underlying Index, which is meticulously compiled and maintained by Dorsey, Wright & Associates, LLC. This index consists of approximately 100 securities selected from a pool of large-cap U.S. stocks based on their strong relative strength or momentum characteristics. Utilizing a full replication methodology, PDP Tracking invests in all securities within the index in proportion to their weights, aiming to mirror the index's performance. Investors can benefit from the fund's focus on capturing the momentum of individual stocks while enjoying the diversification benefits inherent in a broad-based index strategy. PDP Tracking offers investors an opportunity to participate in the potential upside of momentum investing within a transparent and rules-based framework.
The PDP (PowerShares DWA Momentum Portfolio) Correlation, managed by Invesco, offers investors a vehicle to potentially diversify their portfolios by seeking assets that exhibit low correlation with traditional market benchmarks. The fund aims to track the performance of the Underlying Index, compiled and maintained by Dorsey, Wright & Associates, LLC, which selects around 100 securities based on strong relative strength or momentum characteristics from a universe of large-cap U.S. stocks. By utilizing a full replication methodology, PDP Correlation invests in all securities within the index in proportion to their weights. This approach allows investors to access a diversified portfolio that may offer reduced correlation to broader market indices, potentially mitigating overall portfolio risk. PDP Correlation provides an avenue for investors to explore momentum-driven strategies while seeking to enhance portfolio diversification through exposure to assets with potentially unique return patterns.
The PDP (PowerShares DWA Momentum Portfolio) Sector, managed by Invesco, caters to investors seeking targeted exposure to specific sectors exhibiting strong momentum characteristics within the U.S. equity market. The fund aims to closely track the performance of the Underlying Index, meticulously compiled and maintained by Dorsey, Wright & Associates, LLC. This index selects approximately 100 securities from a pool of large-cap U.S. stocks based on their robust relative strength or momentum attributes. PDP Sector employs a full replication methodology, investing in all securities within the index in proportion to their weights. By focusing on sector-specific momentum, the fund provides investors with the opportunity to capitalize on the outperformance potential of specific sectors while maintaining diversification within the broader equity market. PDP Sector offers investors a targeted approach to sector rotation strategies, allowing them to potentially enhance returns by harnessing the momentum of individual sectors within their investment portfolios.
The PDP (PowerShares DWA Momentum Portfolio) Exposure, managed by Invesco, provides investors with a strategic avenue to gain exposure to a diversified portfolio of U.S. equities exhibiting strong momentum characteristics. The fund aims to mirror the performance of the Underlying Index, meticulously curated by Dorsey, Wright & Associates, LLC, which selects approximately 100 securities from a universe of large-cap U.S. stocks based on their robust relative strength or momentum attributes. Through a full replication methodology, PDP Exposure invests in all securities within the index in proportion to their weights, thereby offering investors comprehensive exposure to the momentum-driven segment of the equity market. This approach allows investors to potentially benefit from the upside potential of companies demonstrating strong momentum while diversifying their portfolios across a broad spectrum of sectors and industries. PDP Exposure serves as a strategic tool for investors seeking to capitalize on momentum-driven strategies within a transparent and rules-based framework.
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