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Launched · SEC filings

Invesco Dorsey Wright Utilities Momentum ETF

PUINasdaqInvescoD

$44.30+0.17 (+0.38%)

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

D37/ 100

Rank 10 of 10 in Utilities (Broad)

D37/100Rank 10 of 10inUtilities (Broad)
Intraday session: up, 79 prints from 44.13 to 44.30. Range 43.98 to 44.38. Use the arrow keys to read each point.44.0044.2044.4010 AM12 PM2 PM4 PM
Expense ratio
0.60%*
Fund size
$50M
1Y total return
−3.4%
Yield · Last 12 months
2.19%
Holdings
40
Avg volume · 30D
8.89K sh
52W range
low $40.76high $48.91
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2028. Without it: 0.82%.

The ETF.net PUI Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
Utilities (Broad)⁠
Rank
10 of 10
Six-pillar profile for PUI. Scores out of 100: Cost 16, Risk 44, Mission not scored, Tradability 47, Holdings 76, Durability 39. Strongest: Holdings (76). Weakest: Cost (16). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D 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.
    F16 out of 100
    Rank 9 of 10

  • 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.
    C44 out of 100
    Rank 6 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 7 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A76 out of 100
    Rank 3 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 9 of 10

Our read on PUI

ETF.net Research

In short

DUtilities, ranked by price trend. Since 2005 PUI has run on Dorsey Wright's relative-strength screen: a concentrated set of utilities picked for momentum, reshuffled quarterly, while the category's giants own the sector by size.

Stated mandate

The mandate follows a modified market-capitalization-weighted index of utility-sector stocks selected for strong relative-strength characteristics, with the methodology emphasizing momentum.

Why people hold it

  • The technical take on the sector: the index picks utility stocks on relative strength, not size, and the fund and index are rebalanced and reconstituted quarterly.invesco.com
  • One of the longest-running factor plays in utilities, listed in 2005 and still built on the same Dorsey Wright Utilities Technical Leaders Index.
  • Tight rules: normally at least 90% of assets in index constituents, from an index holding no fewer than 30 utility names. Distributions come quarterly.invesco.com

Worth knowing

  • 0.60% net of a waiver through August 31, 2028 (0.82% before it), above the category median and above cap-weighted utilities like XLU at 0.08% or FUTY at 0.084%.
  • Among the smaller and less-traded funds in its category, which can mean wider bid-ask spreads and more attention to how orders get entered.
  • Concentration is the mechanism: a few dozen momentum leaders can look very different from the full sector, and the quarterly reshuffle keeps turnover coming.invesco.com

PUI Holdings

Holdings pillarA76 out of 100Rank 3 of 10 in Utilities (Broad)
Asset class
Stocks
Holdings
40
Top-10 weight
40%
Largest holding
ATO4.5%

Sectors

  • Utilities81.0%
  • Energy8.5%
  • Industrials5.3%
  • Communication4.9%
  • Financials0.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ATOAtmos Energy Corp4.46%13,121$2.24M286
2NINiSource Inc4.45%50,023$2.24M280
3OKEONEOK Inc4.44%23,329$2.24M342
4EVRGEvergy Inc4.19%24,685$2.11M297
5WECWEC Energy Group Inc4.18%18,360$2.1M283
6DUKDuke Energy Corp4.17%16,680$2.1M329
7SRESempra3.85%22,523$1.93M307
8DTEDTE Energy Co3.71%13,872$1.87M284
9ETREntergy Corp3.45%15,767$1.73M315
10AEPAmerican Electric Power Co Inc3.27%12,722$1.65M345
11GEVGE Vernova Inc3.24%1,838$1.63M485
12XELXcel Energy Inc3.20%20,344$1.61M319
13SOSouthern Co/The3.04%16,433$1.53M340
14EXCExelon Corp2.92%32,038$1.47M355
15CMSCMS Energy Corp2.68%19,362$1.35M275

Showing 1–15 of 40 holdings

PUI Performance

Launched Oct 26, 2005

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

PUI$9,664
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. PUI $9,664. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 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 PUI. Periods over one year show the average yearly return.
PeriodPUI
Year to date+2.9%
1 month+7.7%
3 months−2.6%
1 year−3.4%
3 yearsper year+16.3%
5 yearsper year+7.8%
10 yearsper year+8.1%

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 PUI
YearReturn barPUI
2026 YTD+2.9%
2025+15.2%
2024+23.9%
2023−4.5%
2022−2.2%
2021+15.0%
2020−5.0%

PUI in the news

PUI 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.
2.19%Last 12 months
Payout per share
$0.96Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.18; Jun 16, 2017 $0.24; Sep 18, 2017 $0.19; Dec 18, 2017 $0.22; Mar 19, 2018 $0.08; Jun 18, 2018 $0.21; Sep 24, 2018 $0.18; Dec 24, 2018 $0.08; Mar 18, 2019 $0.07; Jun 24, 2019 $0.22; Sep 23, 2019 $0.17; Dec 23, 2019 $0.23; Mar 23, 2020 $0.15; Jun 22, 2020 $0.25; Sep 21, 2020 $0.20; Dec 21, 2020 $0.16; Mar 22, 2021 $0.18; Jun 21, 2021 $0.18; Sep 20, 2021 $0.22; Dec 20, 2021 $0.15; Mar 21, 2022 $0.18; Jun 21, 2022 $0.19; Sep 19, 2022 $0.19; Dec 19, 2022 $0.18; Mar 20, 2023 $0.10; Jun 20, 2023 $0.20; Sep 18, 2023 $0.23; Dec 18, 2023 $0.22; Mar 18, 2024 $0.15; Jun 24, 2024 $0.22; Sep 23, 2024 $0.23; Dec 23, 2024 $0.20; Mar 24, 2025 $0.26; Jun 23, 2025 $0.25; Sep 22, 2025 $0.22; Dec 22, 2025 $0.25; Mar 23, 2026 $0.26; Jun 22, 2026 $0.21; Sep 21, 2026 $0.25. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.25
Jun 22, 2026Jun 26, 2026$0.21
Mar 23, 2026Mar 27, 2026$0.26
Dec 22, 2025Dec 26, 2025$0.25
Sep 22, 2025Sep 26, 2025$0.22
Jun 23, 2025Jun 27, 2025$0.25
Mar 24, 2025Mar 28, 2025$0.26
Dec 23, 2024Dec 27, 2024$0.20
Sep 23, 2024Sep 27, 2024$0.23
Jun 24, 2024Jun 28, 2024$0.22
Mar 18, 2024Mar 22, 2024$0.15
Dec 18, 2023Dec 22, 2023$0.22

See all 85 payments⁠

$10,000 in PUI 10 years ago paid $3,209 in dividends.⁠

PUI Risk

Risk pillarC44 out of 100Rank 6 of 10 in Utilities (Broad)
How much the fund’s monthly returns vary, scaled to a year.
15.2%
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.
0.79
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.
−23.5%
Trough Oct 2023
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.
0.51
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.

PUI Cost

Compare PUI and XLU

Overpaying vs XLU, cheapest in Utilities (Broad)

$10,128

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

  • PUI 0.60%

    $11,817

  • XLU 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • PUI 0.60%
  • XLU 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$12.5K051015202530PUI $11,817XLU $1,689

Year by year

YearPUIXLUOverpaying
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 0.82%− waiver 0.22%= you pay 0.60%

The waiver ends Aug 31, 2028. After that the fee is 0.82% unless Invesco renews it. Source: prospectus, Aug 2026.

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