PRN ISSUER
The PRN issuer, Invesco, adheres to a strict investment strategy outlined by Dorsey, Wright & Associates, LLC, the Index Provider. The Fund primarily invests in securities that constitute the Underlying Index, which consists of at least 30 securities selected from the industrials sector based on their robust relative strength or momentum characteristics. Dorsey Wright utilizes a proprietary methodology to evaluate the relative strength and momentum of each eligible security within the Nasdaq US Benchmark™ Index universe, ultimately selecting those with the highest momentum scores for inclusion. With a focus on securities demonstrating strong recent performance, the Underlying Index may vary in size based on capitalization characteristics, with each security weighted according to its momentum score. As of June 30, 2023, the Underlying Index comprised 42 constituents across a wide range of market capitalizations. The Fund employs a full replication approach, investing in all securities within the Underlying Index in proportion to their weights, while also adhering to concentration policies to mitigate industry-specific risk. As of April 30, 2023, the Fund exhibited significant exposure to the industrials sector, although its portfolio holdings and concentration levels are subject to change over time.
PRN DIVIDEND
PRN Dividend, as an exchange-traded fund (ETF) managed by INVESCO, offers investors exposure to a diversified portfolio of dividend-paying securities. The fund's investment strategy focuses on selecting securities from the Nasdaq US Benchmark™ Index that have a history of paying dividends, aiming to provide investors with consistent income generation potential. Leveraging the expertise of its managers, PRN Dividend targets securities across various sectors that demonstrate strong dividend yields and sustainable dividend growth prospects. By adhering to its dividend-focused investment approach, PRN Dividend seeks to deliver a stream of income to investors while also potentially providing opportunities for capital appreciation over the long term. Through its commitment to dividend-paying securities, PRN Dividend aims to meet the income needs of investors while maintaining a balanced and diversified investment portfolio.
PRN TRACKING
PRN Tracking, managed by INVESCO, is an exchange-traded fund (ETF) designed to closely track the performance of its underlying index, the Nasdaq US Benchmark™ Index. Employing a meticulous tracking methodology, the fund endeavors to replicate the index's returns by investing in a diversified portfolio of securities that mirror the index's composition and weightings. Utilizing advanced tracking techniques and portfolio management strategies, PRN Tracking aims to minimize tracking error, the variance between the fund's performance and that of its benchmark. Through continuous monitoring and adjustments to its holdings, PRN Tracking seeks to provide investors with reliable and precise replication of the Nasdaq US Benchmark™ Index's performance over time. With a commitment to accurate tracking, PRN Tracking offers investors a convenient and efficient way to gain exposure to the broader U.S. equity market within an ETF structure.
PRN CORRELATION
PRN Correlation, under the stewardship of INVESCO, is an exchange-traded fund (ETF) designed to exhibit a high correlation with its benchmark index, the Nasdaq US Benchmark™ Index. Employing sophisticated quantitative techniques and portfolio construction methodologies, the fund aims to closely mimic the movements of its underlying index. PRN Correlation strategically selects securities that are highly correlated with the index constituents, ensuring that the fund's performance closely mirrors that of the benchmark. Through diligent analysis and ongoing monitoring, PRN Correlation strives to maintain a consistent correlation coefficient with its benchmark, providing investors with a reliable tool for gaining exposure to the broader U.S. equity market. By emphasizing correlation, PRN Correlation offers investors an opportunity to potentially achieve their investment objectives while minimizing deviations from the benchmark's performance.
PRN SECTOR
PRN Sector, managed by INVESCO, is an exchange-traded fund (ETF) tailored to provide targeted exposure to specific sectors within the U.S. equity market. Leveraging INVESCO's expertise and research capabilities, the fund focuses on selecting securities from a particular sector, aiming to capture the performance of that sector's industries and companies. PRN Sector offers investors the opportunity to strategically allocate their investments to sectors they believe will outperform the broader market. Through careful sector selection and weighting adjustments, the fund seeks to capitalize on sector-specific trends and opportunities while diversifying risk. PRN Sector provides investors with a convenient and efficient way to gain exposure to their preferred sectors, allowing for tactical portfolio positioning in response to changing market conditions and sector rotations. With its sector-focused approach, PRN Sector offers investors the potential for targeted returns while managing sector-specific risks.
PRN EXPOSURE
PRN Exposure, managed by INVESCO, is an exchange-traded fund (ETF) engineered to provide investors with broad exposure to a diversified range of assets across various markets and asset classes. Leveraging INVESCO's extensive research capabilities and portfolio management expertise, the fund strategically allocates its holdings across different asset classes, including equities, fixed income securities, commodities, and potentially other alternative investments. By offering exposure to multiple asset classes within a single investment vehicle, PRN Exposure aims to help investors achieve a balanced and diversified portfolio. Through dynamic asset allocation and risk management strategies, the fund seeks to optimize risk-adjusted returns while adapting to changing market conditions. PRN Exposure provides investors with a convenient and cost-effective way to access a diversified portfolio, potentially enhancing portfolio diversification and mitigating volatility. With its broad exposure to multiple asset classes, PRN Exposure offers investors the flexibility to tailor their investment strategies to meet their individual financial goals and risk preferences.
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