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Launched · SEC filings

Invesco Dorsey Wright Technology Momentum ETF

PTFNasdaqInvescoC

$96.08−3.54 (−3.55%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 17 of 25 in Technology (Broad)

C40/100Rank 17 of 25inTechnology (Broad)
Intraday session: down, 79 prints from 99.62 to 96.08. Range 95.89 to 100.42. Use the arrow keys to read each point.97.0098.0099.0010 AM12 PM2 PM4 PM
Expense ratio
0.60%*
Fund size
$555M
1Y total return
+21.1%
Yield · Last 12 months
0.00%
Holdings
38
Avg volume · 30D
119K sh
52W range
low $66.48high $139.65
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.69%.

The ETF.net PTF Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Technology (Broad)⁠
Rank
17 of 25
Six-pillar profile for PTF. Scores out of 100: Cost 31, Risk 17, Mission not scored, Tradability 58, Holdings 72, Durability 55. Strongest: Holdings (72). Weakest: Risk (17). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D31 out of 100
    Rank 17 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 24 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 11 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A72 out of 100
    Rank 8 of 24

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 14 of 25

Our read on PTF

ETF.net Research

In short

CLaunched in 2006, PTF skips the mega-cap pecking order and ranks tech stocks on relative strength instead, holding the leaders and reshuffling quarterly. Fee: 0.60%, net of a waiver through August 31, 2028.

Stated mandate

The fund normally invests at least 90% of its assets in securities comprising its technology-focused momentum index.

Why people hold it

  • The index ranks technology stocks by relative strength and holds a minimum of 30 of the strongest, so the lineup follows what is actually leading rather than what is largest.nasdaqomx.com
  • Reconstituted and rebalanced every quarter (January, April, July, October), so fading names get cut on a schedule instead of lingering in the portfolio.nasdaqomx.com
  • Trading since 2006, which gives this momentum screen a long public record across several tech cycles rather than a backtest.
  • A plain, fully disclosed basket of roughly 40 US tech stocks, with at least 90% of assets in index names. No derivatives, no leverage, no black box on the holdings side.

Worth knowing

  • At 0.60% (0.69% gross, net of a waiver through August 31, 2028) it costs more than the typical broad tech fund; XLK charges 0.08% and VGT 0.09%.
  • Roughly 40 momentum-picked names is a far narrower book than a cap-weighted tech index, and quarterly reshuffles mean the holdings can change meaningfully when leadership rotates.nasdaqomx.com
  • Momentum, not income: the screen selects on price strength, and the fund has gone without paying a distribution.

PTF Performance

Launched Oct 12, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PTF$12,109
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PTF $12,109. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PTF. Periods over one year show the average yearly return.
PeriodPTF
Year to date+30.2%
1 month−8.5%
3 months+1.5%
1 year+21.1%
3 yearsper year+34.4%
5 yearsper year+12.1%
10 yearsper year+22.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PTF
YearReturn barPTF
2026 YTD+30.2%
2025+5.7%

PTF in the news

PTF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 9 payments from 2016 to 2025. Dec 16, 2016 $0.03; Sep 18, 2017 $0.0071; Jun 18, 2018 $0.01; Sep 24, 2018 $0.00097; Mar 18, 2019 $0.0000033; Jun 20, 2023 $0.02; Sep 18, 2023 $0.02; Mar 24, 2025 $0.15; Sep 22, 2025 $0.0083. Use the arrow keys to read each point.2016201720182019202020212022202320242025
Ex-datePay dateAmount per share
Sep 22, 2025Sep 26, 2025$0.0083
Mar 24, 2025Mar 28, 2025$0.15
Sep 18, 2023Sep 22, 2023$0.02
Jun 20, 2023Jun 23, 2023$0.02
Mar 18, 2019Mar 29, 2019$0.0000033
Sep 24, 2018Sep 28, 2018$0.00097
Jun 18, 2018Jun 29, 2018$0.01
Sep 18, 2017Sep 29, 2017$0.0071
Dec 16, 2016Dec 30, 2016$0.03
Dec 19, 2014Dec 31, 2014$0.09
Dec 20, 2013Dec 31, 2013$0.02
Dec 21, 2012Dec 31, 2012$0.06

See all 14 payments⁠

$10,000 in PTF 10 years ago paid $194 in dividends.⁠

PTF Risk

Risk pillarF17 out of 100Rank 24 of 25 in Technology (Broad)
How much the fund’s monthly returns vary, scaled to a year.
34.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.90
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−44.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.99
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PTF Cost

Compare PTF and XLK

Overpaying vs XLK, cheapest in Technology (Broad)

$10,128

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PTF 0.60%

    $11,817

  • XLK 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • PTF 0.60%
  • XLK 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PTF $11,817XLK $1,689

Year by year

YearPTFXLKOverpaying
10$1,076$147$929
20$4,116$575$3,541
30$11,817$1,689$10,128
How the 0.60% is worked out

Full fee 0.69%− waiver 0.09%= you pay 0.60%

The waiver ends Aug 31, 2028. After that the fee is 0.69% unless Invesco renews it. Source: prospectus, Aug 2026.

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