Invesco Dorsey Wright Emerging Markets Momentum ETF (PIE)

The Invesco Dorsey Wright Emerging Markets Momentum ETF (the Fund) is designed to track the performance of the Dorsey Wright Emerging Markets Technical Leaders Index. The Fund primarily invests a minimum of 90% of its assets in securities from emerging economies, as defined by Dorsey Wright & Associates, including American and Global Depositary Receipts (ADRs and GDRs) tied to the Index's constituents. The underlying Index comprises roughly 100 companies, selected from the Nasdaq Emerging Markets Index. These companies are chosen for their strong relative strength (momentum) and are based in various developing nations such as Brazil, China, India, Indonesia, and South Africa, among others. A key exclusion is US companies listed on American exchanges. The Index's returns are calculated on a net basis, factoring in applicable taxes for non-resident investors. Both the Fund and the Index are rebalanced and reconstituted every quarter. Please note that as of August 25, 2023, the Fund's name was updated from "Invesco DWA Emerging Markets Momentum ETF" to its current "Invesco Dorsey Wright Emerging Markets Momentum ETF." This was solely a name change, with no other operational adjustments made to the Fund. More details are available in the prospectus.