XSMO - Invesco S&P SmallCap Momentum ETF

Equity - US Equity

Product Details

The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600® Index having the highest “momentum scores,” calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index. The Fund and the Index are rebalanced and reconstituted semi-annually.

Effective at the close of markets on Friday, June 21, 2019, the Fund's investment objective, principal investment strategy and underlying index changed. Please see the Fund's prospectus for further information.

as of 09/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P SmallCap 600 Momentum Index 14.31 -11.47 N/A N/A N/A N/A
S&P SmallCap 600 Index 13.46 -9.34 9.33 9.89 13.02 8.80
Russell 2000 Growth Index 15.34 -9.63 9.79 9.08 12.25 8.49
Russell 2000 Pure Growth Index 13.75 -11.64 10.82 N/A N/A N/A
S&P SmallCap 600 Momentum Index 14.31 -11.47 N/A N/A N/A N/A
S&P SmallCap 600 Index 13.46 -9.34 9.33 9.89 13.02 8.80
Russell 2000 Growth Index 15.34 -9.63 9.79 9.08 12.25 8.49
Russell 2000 Pure Growth Index 13.75 -11.64 10.82 N/A N/A N/A
Fund History (%)
Fund NAV 20.92 -6.08 13.14 10.22 12.67 6.81
After Tax Held 20.75 -6.24 13.00 10.06 12.52 6.71
After Tax Sold 12.39 -3.59 10.25 8.07 10.59 5.62
Fund Market Price 21.40 -6.04 13.84 10.19 12.69 6.79
Fund NAV 20.92 -6.08 13.14 10.22 12.67 6.81
After Tax Held 20.75 -6.24 13.00 10.06 12.52 6.71
After Tax Sold 12.39 -3.59 10.25 8.07 10.59 5.62
Fund Market Price 21.40 -6.04 13.84 10.19 12.69 6.79

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 09/30/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2019. Fund performance shown at NAV.

S&P SmallCap 600 Momentum Index* performance prior to 6/16/2011 reflects that of the original Underlying Index, Dynamic Small Cap Growth Intellidex Index. From 6/16/2011 to 5/22/2015, performance reflects that of the previous Underlying Index, RAFI Fundamental Small Growth Index. From 5/22/2015 to 6/21/2019, performance reflects that of the previous Underlying Index, Russell 2000 Pure Growth Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, S&P SmallCap 600 Momentum Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

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 10/21/2019

Sector Allocation

as of 10/21/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
AWR American States Water Co 2.12
EXPO Exponent Inc 2.12
WING Wingstop Inc 2.04
LHCG LHC Group Inc 1.98
RLI RLI Corp 1.98
FCN FTI Consulting Inc 1.97
VIAV Viavi Solutions Inc 1.93
ARWR Arrowhead Pharmaceuticals Inc 1.83
ADC Agree Realty Corp 1.79
LAD Lithia Motors Inc 1.74

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/23/2019 09/24/2019 09/30/2019 0.09294 0.09294 - - -
06/24/2019 06/25/2019 06/28/2019 0.03909 0.03909 - - -
12/24/2018 12/26/2018 12/31/2018 0.02681 0.02681 - - -
09/24/2018 09/25/2018 09/28/2018 0.05931 0.05931 - - -
06/18/2018 06/19/2018 06/29/2018 0.04527 0.04527 - - -
03/19/2018 03/20/2018 03/29/2018 0.07103 0.07103 - - -
09/18/2017 09/19/2017 09/29/2017 0.02578 0.02578 - - -
06/16/2017 06/20/2017 06/30/2017 0.04268 0.04268 - - -
03/17/2017 03/21/2017 03/31/2017 0.01969 0.01969 - - -
12/16/2016 12/20/2016 12/30/2016 - - - - -
09/16/2016 09/20/2016 09/30/2016 0.01773 0.01773 - - -
06/17/2016 06/21/2016 06/30/2016 0.03119 0.03119 - - -
03/18/2016 03/22/2016 03/31/2016 0.02898 0.02898 - - -
12/18/2015 12/22/2015 12/31/2015 - - - - -
09/18/2015 09/22/2015 09/30/2015 0.01524 0.01524 - - -
06/19/2015 06/23/2015 06/30/2015 0.07171 0.07171 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/19/2014 12/23/2014 12/31/2014 0.17644 0.17644 - - -
06/20/2014 06/24/2014 06/30/2014 0.14755 0.14755 - - -
09/20/2013 09/24/2013 09/30/2013 0.12661 0.12661 - - -
06/21/2013 06/25/2013 06/28/2013 0.08810 0.08810 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.00000 0.00000 - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - -
06/15/2012 06/19/2012 06/29/2012 0.12512 0.12512 - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - -
12/18/2009 12/22/2009 12/31/2009 0.06665 0.06665 - - -
09/18/2009 09/22/2009 09/30/2009 0.00501 0.00501 - - -
06/19/2009 06/23/2009 06/30/2009 0.01601 0.01601 - - -

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%
09/30/2019 64 19 0 0 0 0 0
03/31/2019 61 19 1 0 0 0 0
12/31/2018 63 21 0 1 0 0 0
09/30/2018 63 39 2 0 0 0 0
Year Ended 2018 251 140 5 1 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%
09/30/2019 64 45 0 0 0 0 0
03/31/2019 61 40 1 0 0 0 0
12/31/2018 63 38 2 1 0 0 0
09/30/2018 63 22 0 0 0 0 0
Year Ended 2018 251 102 2 1 0 0 0

Fund Inception: 03/03/2005

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

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

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 sector, such as health care, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

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 S&P Smallcap 600 Index seeks to measure the small-cap segment of the U.S. equity market.

The Russell 2000® Pure Growth Index is an unmanaged index considered representative of small-cap growth stocks.

The Russell 2000® Index is an unmanaged index considered representative of the small-cap segment of the US equity universe. The Russell 2000® Growth Index is an unmanaged index considered representative of small-cap growth stocks. The Russell 2000® Pure Growth Index is composed of securities with strong growth characteristics selected from the Russell 2000® Index. Russell is a trademark/service marks of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. Dynamic Small Cap Growth IntellidexSM Index seeks to provide capital appreciation while maintaining consistent and accurate style exposure. The RAFI Fundamental Small Growth Index is composed of common stocks of small growth US companies based on fundamental weight.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

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 trademarks 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).

The Russell 2000® Pure Growth Index,the Russell 2000 Value Index and the Russell 2000 Index are trademarks/service marks of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. They have been licensed for use by Invesco. The Product is not sponsored, endorsed, sold or promoted by Frank Russell Company and Frank Russell Company makes no representation regarding the advisability of investing in the Product.

The RAFI Fundamental Small Growth Index is calculated by Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones Indexes" is a service mark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The Index is not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones or their respective affiliates, and CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of investing in the Fund.

Neither CME Indexes nor Research Affiliates, LLC make any warranties, express or implied, to any of their customers nor anyone else regarding the accuracy or completeness of any data related to the Index. Neither CME Indexes nor Research Affiliates, LLC accept any liability for any errors or any loss arising from the use of this information.

The trade names Fundamental Index®, RAFI®, the RAFI logo, and the Research Affiliates corporate name and logo are registered trademarks and are the exclusive intellectual property of Research Affiliates, LLC. Any use of these trade names and logos without the prior written permission of Research Affiliates, LLC is expressly prohibited. Research Affiliates, LLC reserves the right to take any and all necessary action to preserve all of its rights, title and interest in and to these marks.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 10/22/2019
4:15 PM EST

XSMO
Intraday Stats

  • Last Trade $37.66
  • Current IIV $37.50
  • Change -$0.29
  • % Change -0.77%
as of 10/21/2019
  • NAV at market close $37.91

as of 10/21/2019

Fund Yield

  • SEC 30 Day Yield 1.11%
  • Distribution Rate 0.98%
  • 12 Month Distribution Rate 0.42%
  • 30-Day SEC Unsubsidized Yield
    as of 10/21/2019
    1.08%
as of 10/21/2019

Prior Close

  • Closing Price $37.95
  • Bid/Ask Midpoint $37.92
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.03%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 23.63
  • Forward Price/Earnings Ratio 22.13
  • Price/Book Ratio1 2.80
  • ROE2 10.80%
  • Avg Market Cap2 $2,424MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker XSMO
  • CUSIP # 46137V498
  • ISIN US46137V4986
  • Intraday NAV XSMOIV
  • Index Ticker SP6MUT
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.29%
  • Total Expense Ratio 0.42%
  • Fee Waiver 0.03%
  • Net Expense Ratio 0.39%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 03/03/2005
  • # of Holdings 115
    as of 10/21/2019
as of 10/22/2019

Quick Facts

  • Previous Close $37.95
  • Open $37.87
  • Today's High $37.87
  • Today's Low $37.66
  • Today's Volume 3,411
  • 5,001 30-Day Avg Trading
    Volume
  • 52 Week High $39.10
  • 52 Week Low $28.48
  • Shares Outstanding 2.15MM
  • Market Value $81.5MM