Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) is an exchange-traded fund that seeks to track the Dorsey Wright Consumer Staples Technical Leaders Index by investing at least 90% of its total assets in securities comprising the index, which identifies at least 30 U.S. consumer staples and related non-cyclical companies exhibiting relative strength and price momentum; the fund normally holds approximately 45 securities, including top holdings such as Casey's General Stores Inc., Costco Wholesale Corp., Church & Dwight Co. Inc., Monster Beverage Corp., and Celsius Holdings Inc., with a focus on consumer staples (74%), consumer discretionary (24%), and financials (2%) sectors.
The ETF provides investors with targeted exposure to high-momentum stocks within the consumer staples sector, selected and weighted based on technical indicators like price momentum, earnings momentum, quality, management action, and value; it is rebalanced and reconstituted quarterly to maintain alignment with the underlying index provided by Dorsey, Wright & Associates, LLC.
Launched on October 12, 2006, PSL operates under Invesco Ltd., an Atlanta, Georgia-headquartered investment management firm with global operations across 20 countries; the fund lists on the Nasdaq exchange with a total expense ratio of 0.74%, a management fee of 0.50%, and is domiciled in the United States.
In September 2023, the fund underwent a name change from Invesco DWA Consumer Staples Momentum ETF to its current designation, reflecting Invesco's broader updates to 35 ETFs including refined branding and index alignments to better serve investor objectives; no additional major partnerships, acquisitions, funding rounds, or strategic shifts specific to PSL have been reported in 2024 or 2025.