PRN: Invesco Dorsey Wright Industrials Momentum ETF
ETF Education Report: Invesco Dorsey Wright Industrials Momentum ETF (PRN)
What this ETF is trying to do
The Invesco Dorsey Wright Industrials Momentum ETF (ticker: PRN) is an exchange-traded fund that focuses on the industrial sector. It looks for companies within that sector that show "momentum." This ETF holds a variety of different companies, such as Comfort Systems USA Inc and Quanta Services Inc.
What the numbers show
The current price of this ETF is $202.18. When we look at how the share price has moved over time, we see several different measurements:
• Year-to-Date (YTD) Price Return: The share price has increased by approximately 15.81% since the start of the year.
• One-Year Price Return: Over the last year, the share price grew by approximately 15.17%.
• Three-Year Price Return: Over the last three years, the share price increased by approximately 104.27%.
Because this ETF also provides total return data, we can see the full picture. The three-year total return is approximately 105.75%. Total return is a measurement that includes both the change in share price and any distributions paid out.
To give you an idea of growth, the estimated price from roughly one year ago was $175.55.
Income and distribution explanation
Some investors look for ETFs that pay them regular cash, known as distributions. For this ETF, the distribution yield is 0%. No distributions were detected in the last 12 months. This means the fund's performance has come from the change in the share price rather than cash payments to investors.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF steadily declines. It is important to note that a falling share price is not the same thing as NAV erosion.
In the case of PRN, the erosion-risk score is 100, and the label indicates "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• The ETF has shown significant price growth over the last three years.
• There is no detected price erosion according to the current erosion-risk measurements.
Cons
• The ETF does not currently provide cash distributions or a distribution yield.
Beginner takeaway
This ETF focuses on industrial companies and has seen its share price grow significantly over the last three years. While it has not paid out cash distributions to investors recently, its total return reflects the growth in its share price. Always remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | COMFORT SYSTEMS USA INC | FIX | 4.92% |
| 2 | QUANTA SERVICES INC | PWR | 4.66% |
| 3 | HOWMET AEROSPACE INC | HWM | 3.96% |
| 4 | JABIL INC | JBL | 3.83% |
| 5 | EMCOR GROUP INC | EME | 3.80% |
| 6 | STERLING INFRASTRUCTURE INC | STRL | 3.46% |
| 7 | CATERPILLAR INC | CAT | 3.25% |
| 8 | TTM TECHNOLOGIES INC | TTMI | 3.10% |
| 9 | XOMETRY INC ORDINARY SHARES CLASS A | XMTR | 3.10% |
| 10 | SANMINA CORP | SANM | 3.04% |