Exchange-Traded Funds

SPMO - Invesco S&P 500® Momentum ETF

Equity - US Equity

Product Details

The Invesco S&P 500® Momentum ETF (Fund) is based on the S&P 500 Momentum Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500® Index that have a high "momentum score". The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of March and September. Constituents are weighted by their market capitalization and their momentum score.

as of 09/30/2018

Factor DNATM

Financial Professionals - Log in to view the fund’s Factor DNATM chart

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 09/30/2018

Factor DNATM

Financial Professionals - Log in to view the fund’s Factor DNATM chart

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 09/30/2018 09/30/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P 500 Momentum Index 19.48 30.37 20.65 N/A N/A 19.20
S&P 500 Index 10.56 17.91 17.31 13.95 11.97 15.55
S&P 500 Momentum Index 19.48 30.37 20.65 N/A N/A 19.20
S&P 500 Index 10.56 17.91 17.31 13.95 11.97 15.55
Fund History (%)
Fund NAV 19.33 30.14 N/A N/A N/A 18.90
After Tax Held 19.05 29.79 N/A N/A N/A 18.51
After Tax Sold 11.43 17.86 N/A N/A N/A 14.82
Fund Market Price 19.10 30.28 N/A N/A N/A 18.86
Fund NAV 19.33 30.14 N/A N/A N/A 18.90
After Tax Held 19.05 29.79 N/A N/A N/A 18.51
After Tax Sold 11.43 17.86 N/A N/A N/A 14.82
Fund Market Price 19.10 30.28 N/A N/A N/A 18.86

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 09/30/2018

Growth of $10,000

Data beginning Fund inception and ending 09/30/2018. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 10/19/2018

Sector Allocation

as of 10/18/2018

Market Cap & Style Allocations

Large-Cap Value 13.05%
Large-Cap Blend 18.11%
Large-Cap Growth 63.72%
Mid-Cap Value 1.01%
Mid-Cap Blend 1.43%
Mid-Cap Growth 2.68%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 10/19/2018 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
MSFT Microsoft Corp 9.37
AMZN Amazon.com Inc 8.49
JPM JPMorgan Chase & Co 4.25
V Visa Inc 4.03
MA Mastercard Inc 3.93
GOOG Alphabet Inc 3.88
UNH UnitedHealth Group Inc 3.50
HD Home Depot Inc/The 3.12
BA Boeing Co/The 3.03
CSCO Cisco Systems Inc 2.95

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/24/2018 09/25/2018 09/28/2018 0.08225 0.08225 - - -
06/18/2018 06/19/2018 06/29/2018 0.07804 0.07804 - - -
03/19/2018 03/20/2018 03/29/2018 0.06555 0.06555 - - -
12/18/2017 12/19/2017 12/29/2017 0.05425 0.05425 - - -
09/18/2017 09/19/2017 09/29/2017 0.19485 0.19485 - - -
06/16/2017 06/20/2017 06/30/2017 - - - - -
03/17/2017 03/21/2017 03/31/2017 0.01507 0.01507 - - -
12/16/2016 12/20/2016 12/30/2016 0.27269 0.27269 - - -
09/16/2016 09/20/2016 09/30/2016 0.12312 0.12312 - - -
06/17/2016 06/21/2016 06/30/2016 0.08158 0.08158 - - -
03/18/2016 03/22/2016 03/31/2016 0.04930 0.04930 - - -
12/18/2015 12/22/2015 12/31/2015 0.09178 0.09178 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 45 0 0 0 0 0
06/30/2018 64 36 0 0 0 0 0
03/31/2018 61 46 2 0 0 0 0
12/31/2017 63 27 0 0 0 0 0
Year Ended 2017 251 50 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 18 0 0 0 0 0
06/30/2018 64 28 0 0 0 0 0
03/31/2018 61 12 1 0 0 0 0
12/31/2017 63 36 0 0 0 0 0
Year Ended 2017 251 196 3 2 0 0 0

Fund Inception: 10/09/2015

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry or sector, such as Information Technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

The Fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademark have been sublicensed for certain purposes by Invesco Capital Management LLC. The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 50,000, 75,000 and 100,000 shares.

Invesco® is a registered trademark of Invesco Capital Management LLC, investment adviser. Invesco Capital Management LLC and Invesco Distributors, Inc., ETF distributor, are indirect, wholly owned subsidiaries of Invesco Ltd.

Note: Not all products available through all firms.

as of 10/22/2018
4:00 PM EST

SPMO
Intraday Stats

  • Last Trade $37.52
  • Current IIV $37.49
  • Change $0.05
  • % Change 0.13%
as of 10/19/2018
  • NAV at market close $37.36

as of 10/19/2018

Fund Yield

  • SEC 30 Day Yield 1.09%
  • Distribution Rate 0.88%
  • 12 Month Distribution Rate 0.75%
  • 30-Day SEC Unsubsidized Yield
    as of 10/19/2018
    1.09%
as of 10/19/2018

Prior Close

  • Closing Price $37.47
  • Bid/Ask Midpoint $37.37
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.03%

Fund Details

  • Fund Ticker SPMO
  • CUSIP # 46138E339
  • ISIN US46138E3392
  • Intraday NAV SPMOIV
  • Index Ticker SP500MUT
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.13%
  • Total Expense Ratio 0.13%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 10/09/2015
  • # of Holdings 100
    as of 10/19/2018
as of 10/22/2018

Quick Facts

  • Previous Close $37.47
  • Open $37.61
  • Today's High $37.65
  • Today's Low $37.20
  • Today's Volume 11,638
  • 23,924 30-Day Avg Trading
    Volume
  • 52 Week High $41.01
  • 52 Week Low $30.52
  • Shares Outstanding 1.30MM
  • Market Value $48.6MM