The PYZ issuer, represented by the INVESCO ETF, adheres closely to its investment mandate by concentrating at least 90% of its assets in securities mirroring the composition of the Underlying Index. Managed by Dorsey, Wright & Associates, LLC, the Underlying Index comprises a selection of no less than 30 securities within the basic materials sector, chosen based on their robust relative strength or momentum attributes. Employing a meticulous methodology, the Index Provider evaluates each security's momentum score derived from its performance against benchmarks and peers. This scoring system influences the selection and weighting of securities within the Underlying Index, ensuring a focus on companies exhibiting strong momentum characteristics. As of June 30, 2023, the Underlying Index included 47 constituents, with market capitalizations ranging broadly. The Fund adopts a full replication strategy, mirroring the Underlying Index's composition and weights to track its performance accurately. While the Fund may concentrate investments in specific industries, such as the basic materials sector, it does so only when aligned with the concentration reflected in the Underlying Index. This strategy ensures diversified exposure to the selected sector while allowing for potential changes in portfolio holdings over time.
PYZ Dividend, as part of the INVESCO ETF family, seeks to provide investors with exposure to dividends from companies within the basic materials sector while maintaining adherence to its investment objectives. Leveraging the underlying index methodology managed by Dorsey, Wright & Associates, LLC, PYZ Dividend focuses on selecting securities with strong relative strength or momentum characteristics. By concentrating at least 90% of its assets in securities mirroring the Underlying Index, which comprises a selection of at least 30 companies within the basic materials sector, the fund aims to capture dividend opportunities within this specific market segment. This approach ensures that investors can benefit from potential dividend income while still aligning with the fund's overall investment strategy. Through a full replication methodology, PYZ Dividend endeavors to track the performance of the Underlying Index accurately. As of June 30, 2023, the Underlying Index included 47 constituents, reflecting a broad spectrum of market capitalizations within the basic materials sector. Thus, PYZ Dividend offers investors an opportunity to access dividends from companies exhibiting strong momentum characteristics within the basic materials sector, with potential for diversified income generation over time.
PYZ Tracking, a constituent of the INVESCO ETF lineup, is meticulously designed to mirror the performance of the underlying index while delivering investors a reliable avenue for market exposure within the basic materials sector. Managed by Dorsey, Wright & Associates, LLC, the fund adheres rigorously to its investment mandate by investing at least 90% of its total assets in securities that replicate the composition of the Underlying Index. This index, composed of a minimum of 30 securities selected based on their robust relative strength or momentum attributes, is meticulously crafted to capture the sector's market movements effectively. Employing a full replication methodology, PYZ Tracking ensures that investors can access the underlying index's performance with precision, as the fund invests in all securities comprising the index in proportion to their weightings. As of June 30, 2023, the Underlying Index included 47 constituents, reflecting a diverse array of market capitalizations within the basic materials sector. Thus, PYZ Tracking serves as a reliable tool for investors seeking exposure to the basic materials sector while effectively tracking the performance of the underlying index.
PYZ Correlation, an integral component of the INVESCO ETF suite, offers investors a strategic vehicle to navigate correlations within the basic materials sector. Operating within the guidelines set forth by Dorsey, Wright & Associates, LLC, the fund prioritizes investments that closely align with the composition and performance of the Underlying Index. This index, meticulously curated with at least 30 securities exhibiting robust relative strength or momentum characteristics, serves as a benchmark for tracking sector-specific correlations. Employing a full replication methodology, PYZ Correlation ensures that investors can gain exposure to the underlying index's performance with precision, investing in all constituent securities in proportion to their weightings. By closely tracking the performance of the basic materials sector, investors can assess correlations and make informed decisions regarding portfolio diversification and risk management. With the Underlying Index comprising 47 constituents as of June 30, 2023, PYZ Correlation provides investors with a reliable tool to gauge correlations within the basic materials sector and make strategic investment choices accordingly.
PYZ Sector, an essential component of the INVESCO ETF family, offers investors targeted exposure to the basic materials sector. Managed in accordance with the guidelines established by Dorsey, Wright & Associates, LLC, the fund strategically invests at least 90% of its total assets in securities that replicate the composition of the Underlying Index. This index, curated with a minimum of 30 securities chosen for their robust relative strength or momentum characteristics, serves as a benchmark for tracking the performance of the basic materials sector. Employing a full replication methodology, PYZ Sector ensures precise alignment with the underlying index by investing in all constituent securities in proportion to their weightings. With the Underlying Index comprising 47 constituents as of June 30, 2023, PYZ Sector offers investors a comprehensive tool to gain exposure to the basic materials sector's performance while providing potential opportunities for portfolio diversification and sector-specific investment strategies.
PYZ Exposure, a cornerstone of the INVESCO ETF lineup, provides investors with strategic access to the basic materials sector. Operating under the guidance of Dorsey, Wright & Associates, LLC, the fund is dedicated to investing at least 90% of its total assets in securities mirroring the composition of the Underlying Index. This index, meticulously curated with a minimum of 30 securities selected for their robust relative strength or momentum characteristics, serves as a reliable benchmark for tracking the sector's performance. Utilizing a full replication methodology, PYZ Exposure ensures precise alignment with the underlying index by investing in all constituent securities in proportion to their weightings. With the Underlying Index consisting of 47 constituents as of June 30, 2023, PYZ Exposure offers investors a comprehensive vehicle to gain exposure to the basic materials sector's dynamics and capitalize on potential opportunities within this market segment.
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