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Invesco S&P MidCap 400® GARP ETF

Ticker: GRPM

Product Details

The Invesco S&P MidCap 400 GARP ETF (Fund) is based on the S&P MidCap 400® GARP Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index seeks to track companies with consistent fundamental growth, reasonable valuation, solid financial strength and strong earning power. The Fund and the Index are rebalanced semiannually after market close on the third Friday in June and December.

Effective after the close of markets on Aug. 25, 2023,  the Fund's name, ticker, underlying index, investment objective, investment strategy and management fee changed. The Fund's name and ticker changed from Invesco S&P MidCap 400 Equal Weight ETF (ticker: EWMC) to the Invesco MidCap 400 GARP ETF (ticker: GRPM). The Fund's Underlying Index changed from the S&P MidCap 400 Equal Weight Index to the S&P MidCap 400 GARP Index; and as a result, the Fund's objective and strategy changed to seek to track the investment results of the new Underlying index by investing at least 90% of its total assets in securities that comprise the new Underlying Index. The Fund's management fee was also reduced from 0.40% to 0.35%. See the prospectus for more information.

as of 03/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P MidCap 400 GARP Total Return Index (USD) 22.67 N/A N/A N/A N/A N/A
S&P MidCap 400 Index 9.95 23.33 6.96 11.71 9.99 11.43
S&P MidCap 400 Equal Weight Index 7.02 20.66 6.82 11.98 9.72 11.27
Fund History (%)
Fund NAV 22.58 39.62 11.89 14.98 10.91 12.40
After Tax Held 22.46 39.25 11.57 14.62 10.47 11.90
After Tax Sold 13.37 23.54 9.19 11.95 8.82 10.33
Fund Market Price 22.44 39.47 11.76 14.98 10.89 12.39
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P MidCap 400 GARP Total Return Index (USD) 22.67 N/A N/A N/A N/A N/A
S&P MidCap 400 Index 9.95 23.33 6.96 11.71 9.99 11.43
S&P MidCap 400 Equal Weight Index 7.02 20.66 6.82 11.98 9.72 11.27
Fund History (%)
Fund NAV 22.58 39.62 11.89 14.98 10.91 12.40
After Tax Held 22.46 39.25 11.57 14.62 10.47 11.90
After Tax Sold 13.37 23.54 9.19 11.95 8.82 10.33
Fund Market Price 22.44 39.47 11.76 14.98 10.89 12.39

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 the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 03/31/2024

Growth of $10,000

Data beginning Fund inception and ending 03/31/2024. 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.

S&P MidCap 400 GARP Index* performance prior to January 26, 2016 reflects that of the original Underlying Index Russell MidCap Equal Weight Index. From January 26, 2016 to August 25, 2023, Index performance reflects that of the previous Underlying Index, S&P MidCap 400 Equal Weighted Index. From August 25, 2023 forward, the Index performance reflects that of the Underlying Index, S&P MidCap 400 GARP Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 04/15/2024

Sector Allocation

Sector Percent of Fund
Consumer Discretionary 24.62%
Energy 23.27%
Industrials 13.54%
Materials 11.71%
Information Technology 7.74%
Health Care 7.00%
Financials 6.62%
Consumer Staples 4.33%
Utilities 1.17%

as of 04/15/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
SWAV Shockwave Medical Inc 3.99
CHRD Chord Energy Corp 3.40
MTDR Matador Resources Co 3.15
OVV Ovintiv Inc 2.66
CROX Crocs Inc 2.55
AR Antero Resources Corp 2.47
PBF PBF Energy Inc 2.41
CIVI Civitas Resources Inc 2.34
OLN Olin Corp 2.30
KNSL Kinsale Capital Group Inc 2.28

Distributions | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/18/2024 03/19/2024 03/22/2024 0.27605 0.27605 - - - -
12/18/2023 12/19/2023 12/22/2023 0.18714 0.18714 - - - -
09/18/2023 09/19/2023 09/22/2023 0.15077 0.15077 - - - -
06/20/2023 06/21/2023 06/23/2023 0.30689 0.30689 - - - -
03/20/2023 03/21/2023 03/24/2023 0.29607 0.29607 - - - -
12/19/2022 12/20/2022 12/23/2022 0.20973 0.20973 - - - -
09/19/2022 09/20/2022 09/23/2022 0.31887 0.31887 - - - -
06/21/2022 06/22/2022 06/30/2022 0.27308 0.27308 - - - -
03/21/2022 03/22/2022 03/31/2022 0.26738 0.26738 - - - -
12/20/2021 12/21/2021 12/31/2021 0.19578 0.19578 - - - -
09/20/2021 09/21/2021 09/30/2021 0.25109 0.25109 - - - -
06/21/2021 06/22/2021 06/30/2021 0.19497 0.19497 - - - -
03/22/2021 03/23/2021 03/31/2021 0.23748 0.23748 - - - -
12/21/2020 12/22/2020 12/31/2020 0.19365 0.19365 - - - -
09/21/2020 09/22/2020 09/30/2020 0.19049 0.19049 - - - -
06/22/2020 06/23/2020 06/30/2020 0.16297 0.16297 - - - -
03/23/2020 03/24/2020 03/31/2020 0.34428 0.34428 - - - -
12/23/2019 12/24/2019 12/31/2019 0.18932 0.18932 - - - -
09/23/2019 09/24/2019 09/30/2019 0.21690 0.21690 - - - -
06/24/2019 06/25/2019 06/28/2019 0.23413 0.23413 - - - -
03/18/2019 03/19/2019 03/29/2019 0.20420 0.20420 - - - -
12/24/2018 12/26/2018 12/31/2018 0.18970 0.18970 - - - -
09/24/2018 09/25/2018 09/28/2018 0.25553 0.25553 - - - -
06/15/2018 06/18/2018 06/29/2018 0.19733 0.19733 - - - -
03/16/2018 03/16/2018 03/29/2018 0.19040 0.19040 - - - -
12/15/2017 12/18/2017 12/29/2017 0.22820 0.22820 - - - -
09/15/2017 09/15/2017 09/29/2017 0.17320 0.17320 - - - -
06/16/2017 06/16/2017 06/30/2017 0.14510 0.14510 - - - -
03/17/2017 03/17/2017 03/31/2017 0.18730 0.18730 - - - -
12/16/2016 12/16/2016 12/30/2016 0.08431 0.08431 - - - -
09/16/2016 09/16/2016 09/30/2016 0.18595 0.18595 - - - -
06/17/2016 06/21/2016 06/30/2016 0.08443 0.08443 - - - -
03/18/2016 03/22/2016 03/31/2016 0.22294 0.22294 - - - -
12/18/2015 12/22/2015 12/31/2015 0.15563 0.15563 - - - -
09/18/2015 09/22/2015 09/30/2015 0.16563 0.16563 - - - -
06/19/2015 06/23/2015 06/30/2015 0.16383 0.16383 - - - -
03/20/2015 03/24/2015 03/31/2015 0.19633 0.19633 - - - -
12/19/2014 12/23/2014 12/31/2014 0.18486 0.18486 - - - -
09/19/2014 09/23/2014 09/30/2014 0.15010 0.15010 - - - -
06/20/2014 06/24/2014 06/30/2014 0.16607 0.16607 - - - -
03/21/2014 03/25/2014 03/31/2014 0.14789 0.14789 - - - -
12/20/2013 12/24/2013 12/31/2013 0.48968 0.12503 0.29988 0.06477 - -
09/20/2013 09/24/2013 09/30/2013 0.12436 0.12436 - - - -
06/21/2013 06/25/2013 06/28/2013 0.13586 0.13586 - - - -
03/15/2013 03/19/2013 03/28/2013 0.08750 0.08750 - - - -
12/21/2012 12/26/2012 12/31/2012 0.21645 0.21645 - - - -
09/21/2012 09/25/2012 09/28/2012 0.13767 0.13767 - - - -
06/15/2012 06/19/2012 06/29/2012 0.13086 0.13086 - - - -
03/16/2012 03/20/2012 03/30/2012 0.07035 0.07035 - - - -
12/16/2011 12/20/2011 12/30/2011 0.11984 0.11984 - - - -
09/16/2011 09/20/2011 09/30/2011 0.05527 0.05527 - - - -
06/17/2011 06/21/2011 06/30/2011 0.06991 0.06991 - - - -
03/18/2011 03/22/2011 03/31/2011 0.05456 0.05456 - - - -
12/17/2010 12/21/2010 12/31/2010 0.03209 0.03209 - - - -

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%
03/31/2024 61 43 0 0 0 1 0
12/31/2023 63 44 1 0 0 0 0
09/30/2023 63 56 1 0 0 0 0
06/30/2023 62 44 0 0 0 0 0
Year Ended 2023 250 168 3 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%
03/31/2024 61 15 1 0 1 0 0
12/31/2023 63 18 0 0 0 0 0
09/30/2023 63 6 0 0 0 0 0
06/30/2023 62 18 0 0 0 0 0
Year Ended 2023 250 79 0 0 0 0 0

Fund Inception : 12/03/2010

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.

Premiums/Discounts

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 consumer discretionary, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

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

Growth stocks tend to be more sensitive to changes in their earnings and can be more volatile.

A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets.

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

The S&P MidCap 400® Index is an unmanaged index considered representative of mid-sized US companies.

The Russell MidCap Equal Weight Index measures the performance of mid-cap US stocks, equally weighting each sector within the index. The Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.

The S&P MidCap 400 Equal Weighted Index equally weights mid-cap securities in the S&P MidCap 400® Index.

"Standard & Poor’s", "S&P", and "S&P MidCap 400" are registered trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by Invesco Capital Management LLC and its affiliates. Invesco S&P MidCap 400 GARP ETF is not sponsored, endorsed, sold, or promoted by Standard & Poor’s and Standard & Poor’s makes no representation, warranty, or condition regarding the advisability of investing in the products.