ATLASInvesco Dorsey Wright Emerging Markets Momentum ETF (PIE): outlook, holdings and fees
Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.85% and the yield is 2.11%. The ten largest holdings are 26% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PIE
| Last price | $31.26 (-3.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 51% |
| Likely 1-month range (50%) | $29.78 – $32.96 |
| Normal 1-day range (±1σ) | ±1.7% |
| Distribution yield | 2.11% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PIE fund facts
| Issuer | Invesco |
|---|---|
| Theme | Emerging markets |
| Assets under management | $267M |
| Expense ratio | 0.85% |
| Number of holdings | 49 |
| Portfolio turnover | 0% |
| Inception | Dec 28, 2007 |
| Exchange | NASDAQ |
The fund will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is comprised of equity securities of large capitalization companies based in countries classified as emerging markets.
PIE top holdings
| Holding | Sector | Weight |
|---|---|---|
| Topco Scientific Co Ltd 5434 | Technology | 3.12% |
| Sigurd Microelectronics Corp 6257 | Technology | 2.93% |
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | Technology | 3.04% |
| Jentech Precision Industrial Co Ltd 3653 | Technology | 2.69% |
| ITEQ Corp 6213 | Technology | 2.58% |
| Shinkong Insurance Co Ltd 2850 | Financial Services | 2.50% |
| Lite-On Technology Corp 2301 | Technology | 2.54% |
| Kinsus Interconnect Technology Corp 3189 | Technology | 2.39% |
| Chroma ATE Inc 2360 | Technology | 2.38% |
| Tripod Technology Corp 3044 | Technology | 2.13% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PIE sector breakdown
| Sector | Weight |
|---|---|
| Technology | 47.3% |
| Financial Services | 24.9% |
| Basic Materials | 7.8% |
| Consumer Cyclicals | 4.8% |
| Energy | 4.6% |
| Industrials | 4.2% |
| Healthcare | 3.1% |
| Communication Services | 1.7% |
| Real Estate | 1.1% |
| Consumer Defensive | 0.5% |
By region: Asia Developed 62.8%, Asia Emerging 20.2%, Africa/Middle East 5.2%, Latin America 5.0%, Europe Emerging 4.5%.
PIE returns and risk
| Year to date | +50.9% |
|---|---|
| 1 year | +46.2% |
| 3 years (annualised) | +28.7% |
| 5 years (annualised) | +10.5% |
| 10 years (annualised) | +10.3% |
| Volatility (3 years) | 20.8% |
| Sharpe ratio (3 years) | 0.96 |
Past returns do not guarantee future results.
PIE: frequently asked questions
What does PIE invest in?
Invesco Dorsey Wright Emerging Markets Momentum ETF invests in a portfolio of securities. Its largest holdings are Topco Scientific Co Ltd (3.1%), Sigurd Microelectronics Corp (2.9%), Taiwan Semiconductor Manufacturing Co. Ltd. (3.0%), Jentech Precision Industrial Co Ltd (2.7%), ITEQ Corp (2.6%).
What is the PIE expense ratio?
0.85% a year: about $85.00 for every $10,000 invested.
What is the PIE dividend yield?
2.11%. ATLAS does not hold the exact distribution dates for ETFs.
Will PIE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 51%, with a likely range (50%) of $29.78 to $32.96 from $31.26 today. It is a probability, not a prediction.
How has PIE performed?
Year to date +50.9%, one year +46.2%, three years +28.7% a year, five years +10.5% a year. Past returns do not guarantee future results.
Similar ETFs: Emerging markets
- iShares Core MSCI Emerging Markets ETF (IEMG)
- Vanguard FTSE Emerging Markets ETF (VWO)
- iShares MSCI Emerging Markets ETF (EEM)
- Avantis Emerging Markets Equity ETF (AVEM)
- SPDR Portfolio Emerging Markets ETF (SPEM)
- Schwab Emerging Markets Equity ETF (SCHE)
- Schwab Fundamental Emerging Markets Equity ETF (FNDE)
- Dimensional Emerging Core Equity Market ETF (DFAE)
Educational information, not investment advice. Disclaimer