Invesco Dorsey Wright Healthcare Momentum ETF (PTH US)
PTH US$61.82
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 61.82
- Change
- ▲ 1.60 (2.66)
- Bid / Ask
- 53.07 - 69.83
- Volume
- 6,121
- Turnover
- 334,164
- Open
- 60.24
- Day Range
- 60.24 - 61.82
- VWAP
- 61.55
- Prev Close
- 60.22
- Last Trade
- 28/10 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$285.5M
OCT 2026
Distributions
Quarterly
Since inception
20.0 yrs
OCT 2006
- Legal name
- Invesco Dorsey Wright Healthcare Momentum ETF
- Issuer
- Invesco
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Health
- Category index
- Morningstar US Health TR USD
- Benchmark
- NASDAQ Composite TR USD
- ETF net assets
- $285.5M
- Units on issue
- 4.9M
- Management fee
- 0.50% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 12 OCT 2006
- Listed
- 7 DEC 2016
- Index provider
- NASDAQ Index
Objective and strategy
The investment seeks to track the investment results (before fees and expenses) of the Dorsey Wright® Healthcare Technical Leaders Index (the "underlying index"). The underlying index is composed of at least 30 securities of companies in the healthcare sector that have powerful relative strength or "momentum" characteristics. Under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in the components of the underlying index and in derivatives and other investments that have economic characteristics similar to the components of the underlying index.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 95.02%Non-US equity 4.86%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.88 | 99.88 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.12 | 0.12 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 0.00%Sensitive 0.00%Defensive 100.00%
- Basic Materials
- 0.00%
- Consumer Cyclical
- 0.00%
- Financial Services
- 0.00%
- Real Estate
- 0.00%
- Communication Services
- 0.00%
- Energy
- 0.00%
- Industrials
- 0.00%
- Technology
- 0.00%
- Consumer Defensive
- 0.00%
- Healthcare
- 100.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
- North America
- 95.13%
- Latin America
- 0.00%
- United Kingdom
- 3.83%
- Europe Developed
- 1.04%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 95.13%
- United Kingdom
- 3.83%
- Netherlands
- 1.04%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Small Growth
Size score
57
Small
Mid
Large
Value-growth score
270
Value
Blend
Growth
Economic moat
Wide 0%Narrow 60%None 40%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 3.83%
- Mid
- 23.56%
- Small
- 45.24%
- Micro
- 27.36%
Large 4%Mid 24%Small 45%Micro 27%
- Average market cap
- $8.04B
- Number of holdings
- 55
- Shares held
- 52
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / book
- 7.46
- Price / sales
- 4.18
- Price / cash flow
- 14.87
- Dividend yield
- 0.01%
- Assets in top 10
- 36.14%
- Return on equity
- -5.20%
- Net margin
- -10.02%
Top holdings · top 10 = 41.06% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Moderna Inc MRNA | 6.35 | APR 2026 | 23.3M | USD | 121,202 | Healthcare | United States | |
| Guardant Health Inc GH | 5.23 | JUL 2026 | 19.2M | USD | 107,669 | Healthcare | United States | |
| Revolution Medicines Inc Ordinary Shares RVMD | 5.16 | JUL 2026 | 18.9M | USD | 92,269 | Healthcare | United States | |
| Roivant Sciences Ltd Ordinary Shares ROIV | 5.09 | JAN 2026 | 18.7M | USD | 511,087 | Healthcare | United Kingdom | |
| 10x Genomics Inc Ordinary Shares - Class A TXG | 4.14 | JUL 2026 | 15.2M | USD | 168,328 | Healthcare | United States | |
| BrightSpring Health Services Inc BTSG | 3.65 | JUL 2025 | 13.4M | USD | 236,307 | Healthcare | United States | |
| Axsome Therapeutics Inc AXSM | 3.33 | JAN 2026 | 12.2M | USD | 66,274 | Healthcare | United States | |
| Twist Bioscience Corp TWST | 3.20 | APR 2026 | 11.8M | USD | 60,852 | Healthcare | United States | |
| Illumina Inc ILMN | 2.65 | JUL 2026 | 9.7M | USD | 35,537 | Healthcare | United States | |
| Erasca Inc ERAS | 2.26 | APR 2026 | 8.3M | USD | 567,358 | Healthcare | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
0.0
3M
1.8
6M
23.8
YTD
22.2
1Y
41.8
3Y
23.0
5Y
3.1
10Y
13.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 0.02 | -0.06 | — | 24 / 176 |
| 3 months | 1.84 | 1.67 | — | 58 / 175 |
| 6 months | 23.77 | 24.00 | — | 27 / 171 |
| Year to date | 22.23 | 22.25 | — | 21 / 171 |
| 1 year | 41.76 | 41.99 | — | 24 / 170 |
| 3 years p.a. | 23.04 | 23.09 | — | 15 / 160 |
| 5 years p.a. | 3.12 | 3.13 | — | 71 / 153 |
| 10 years p.a. | 13.57 | 13.56 | — | 1 / 121 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2016
-12.9
2017
50.1
2018
-0.9
2019
33.8
2020
67.1
2021
-3.0
2022
-20.7
2023
-4.4
2024
2.0
2025
28.1
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 28.08 | 24.26 | 22 / 172 |
| 2024 | 2.05 | 1.98 | 48 / 176 |
| 2023 | -4.37 | -4.37 | 90 / 176 |
| 2022 | -20.67 | -20.67 | 73 / 176 |
| 2021 | -3.02 | -3.02 | 78 / 166 |
| 2020 | 67.14 | 67.14 | 2 / 157 |
| 2019 | 33.79 | 33.79 | 13 / 145 |
| 2018 | -0.86 | -0.86 | 62 / 140 |
| 2017 | 50.11 | 50.11 | 2 / 144 |
| 2016 | -12.91 | -12.91 | 68 / 134 |
| 2015 | 2.28 | 2.28 | 95 / 128 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 32.46 | 4.59 | -5.00 | 3.79 |
| Beta | 0.10 | 0.92 | 0.85 | 0.91 |
| R-squared | 0.39 | 19.91 | 28.00 | 30.80 |
| Standard deviation | 21.77 | 24.73 | 23.79 | 23.96 |
| Sharpe ratio | 1.55 | 0.78 | 0.08 | 0.55 |
| Sortino ratio | 4.44 | 1.43 | 0.12 | 0.88 |
| Tracking error | 25.24 | 22.15 | 20.25 | 20.01 |
| Information ratio | 0.99 | 0.06 | -0.42 | 0.06 |
| Upside capture % | 46.82 | 98.49 | 76.96 | 106.59 |
| Downside capture % | -256.87 | 82.42 | 110.25 | 104.41 |
| Maximum drawdown % | -8.19 | -25.28 | -45.94 | -45.94 |
Measured against MSCI ACWI NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
102.6
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 0.079
- Est. holding cost %
- 0.629
- Market impact cost %
- 0.013
- Best quarter
- 43.72% · JUN 2020
- Worst quarter
- -28.03% · FEB 2016
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.50% p.a.
- PDS dated
- 28 AUG 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 1.5265
- Ex Date
- 22 DEC 2025
- Record Date
- 22 DEC 2025
- Pay Date
- 26 DEC 2025
- NAV at ex date
- 50.74
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.5
2023
0.0
| Year | Per unit ($) |
|---|---|
| 2024 | 1.5265 |
| 2023 | 0.0255 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 22 DEC 2025 | 1.5265 |
| 24 JUN 2024 | 0.0255 |
| 20 DEC 2013 | 0.0114 |
| 20 SEP 2013 | 0.0026 |
| 21 JUN 2013 | 0.0368 |
| 21 DEC 2012 | 0.1090 |
| 15 JUN 2012 | 0.0084 |
| 18 DEC 2009 | 0.0194 |
| 19 JUN 2009 | 0.0084 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Low
ESG risk score
28.94
Negligible
Low
Medium
High
Severe
Category average 21.96
- Rank in category
- 91st percentile of 594 funds
- Environmental risk
- 0.75
- Social risk
- 3.89
- Governance risk
- 1.37
- Portfolio covered
- 94.3%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 11.71%
- Medium
- 37.18%
- High
- 51.10%
- Severe
- 0.00%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
3.08
Low
Medium
High
Severe
Category average 2.74
- Carbon risk
- Low Risk
- Rank in category
- 30th percentile of 313 funds
- Fossil fuel involvement
- 0.00%
- Category average
- 0.16%
- Low Carbon Designation
- Yes
- Portfolio covered
- 94.3%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Peter Hubbard
- Michael Jeanette
- Pratik Doshi
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 3
- Average tenure
- 14.6 years
- Longest tenure
- 19.3 years
- Longest serving
- Peter Hubbard · since 1 JUN 2007
- Most recent appointment
- Pratik Doshi · since 28 AUG 2020
- Managed since
- 1 JUN 2007
- Other funds managed
- 292
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
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