---
ticker: "PIE"
name: "Invesco Dorsey Wright Emerging Markets Momentum ETF"
url: "https://etf.net/etf/PIE"
grade: "D"
score: 31
graded_at: "2026-10-12"
category: "Emerging Markets Factor Index"
category_rank: "9 of 10"
methodology: "https://etf.net/methodology"
---

# PIE: Invesco Dorsey Wright Emerging Markets Momentum ETF

Grade **D**, Score 31 of 100. Rank 9 of 10 in Emerging Markets Factor Index.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 5 | 10 of 10 |
| Mission | Not scored | — |
| Risk | 37 | 8 of 10 |
| Tradability | 52 | 4 of 10 |
| Holdings | 59 | 4 of 10 |
| Durability | 57 | 5 of 10 |

## Top holdings

The fund holds 109 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 6257.TW | Sigurd Microelectronics Corp | 2.97% |
| 2 | 5434.TW | Topco Scientific Co Ltd | 2.96% |
| 3 | 2330.TW | Taiwan Semiconductor Manufacturing Co Ltd | 2.88% |
| 4 | 3653.TW | Jentech Precision Industrial Co Ltd | 2.81% |
| 5 | 6213.TW | ITEQ Corp | 2.66% |
| 6 | 2850.TW | Shinkong Insurance Co Ltd | 2.57% |
| 7 | 2301.TW | Lite-On Technology Corp | 2.49% |
| 8 | 3189.TW | Kinsus Interconnect Technology Corp | 2.41% |
| 9 | 2360.TW | Chroma ATE Inc | 2.29% |
| 10 | 3044.TW | Tripod Technology Corp | 2.17% |
| 11 | 1303.TW | Nan Ya Plastics Corp | 2.00% |
| 12 | 2899.HK | Zijin Mining Group Co Ltd | 1.98% |
| 13 | 3026.TW | Holy Stone Enterprise Co Ltd | 1.88% |
| 14 | 2059.TW | King Slide Works Co Ltd | 1.77% |
| 15 | — | Magyar Telekom Telecommunications PLC | 1.77% |
| 16 | 3017.TW | Asia Vital Components Co Ltd | 1.60% |
| 17 | 2313.TW | Compeq Manufacturing Co Ltd | 1.56% |
| 18 | — | Cash & Equivalents | 1.53% |
| 19 | GMEXICOB.MX | Grupo Mexico SAB de CV | 1.48% |
| 20 | 5263.KL | Sunway Construction Group Bhd | 1.37% |
| 21 | 2359.HK | WuXi AppTec Co Ltd | 1.34% |
| 22 | 6515.TW | WinWay Technology Co Ltd | 1.30% |
| 23 | 2885.TW | Yuanta Financial Holding Co Ltd | 1.28% |
| 24 | 2883.TW | KGI Financial Holding Co Ltd | 1.13% |
| 25 | 4958.TW | Zhen Ding Technology Holding Ltd | 1.11% |
| 26 | OUT.JO | OUTsurance Group Ltd | 1.10% |
| 27 | GNNSF | Genscript Biotech Corp | 1.09% |
| 28 | KTB.BK | Krung Thai Bank PCL | 1.06% |
| 29 | 2890.TW | SinoPac Financial Holdings Co Ltd | 1.05% |
| 30 | KCE.BK | KCE Electronics PCL | 1.05% |

Source: etf.net, https://etf.net/etf/PIE. Please cite the page URL.