Product Details
The Invesco S&P 500® Enhanced Value ETF (Fund) is based on the S&P 500 Enhanced Value 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 the highest "value score." The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of June and December. Constituents are weighted by their market capitalization and their value score.
Factor DNATM
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Source: Axioma, Inc.
Factor score methodology
Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.
The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.
The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.
See notes below for factor definitions.
Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.
Factor DNATM
Financial Professionals - Log in to view the fund's Factor DNATM chart
Factor score methodology
Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.
The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.
The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.
See notes below for factor definitions.
Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| S&P 500 Enhanced Value Index | 13.46 | 28.13 | 10.90 | 11.49 | N/A | 11.18 |
| S&P 500 Index | 10.56 | 29.88 | 11.49 | 15.05 | 12.96 | 14.04 |
| Fund History (%) | ||||||
| Fund NAV | 13.41 | 27.91 | 10.76 | 11.38 | N/A | 11.01 |
| After Tax Held | 13.10 | 26.85 | 9.99 | 10.60 | N/A | 10.33 |
| After Tax Sold | 7.93 | 16.85 | 8.21 | 8.85 | N/A | 8.83 |
| Fund Market Price | 13.46 | 27.97 | 10.69 | 11.39 | N/A | 11.01 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| S&P 500 Enhanced Value Index | 13.46 | 28.13 | 10.90 | 11.49 | N/A | 11.18 |
| S&P 500 Index | 10.56 | 29.88 | 11.49 | 15.05 | 12.96 | 14.04 |
| Fund History (%) | ||||||
| Fund NAV | 13.41 | 27.91 | 10.76 | 11.38 | N/A | 11.01 |
| After Tax Held | 13.10 | 26.85 | 9.99 | 10.60 | N/A | 10.33 |
| After Tax Sold | 7.93 | 16.85 | 8.21 | 8.85 | N/A | 8.83 |
| Fund Market Price | 13.46 | 27.97 | 10.69 | 11.39 | N/A | 11.01 |
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.
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.
Sector Allocation
| Sector | Percent of Fund |
|---|---|
| Financials | 40.49% |
| Energy | 19.95% |
| Health Care | 10.40% |
| Consumer Discretionary | 8.48% |
| Industrials | 5.12% |
| Materials | 5.11% |
| Consumer Staples | 4.34% |
| Communication Services | 4.08% |
| Utilities | 1.21% |
| Information Technology | 0.93% |
Market Cap & Style Allocations
| Large-Cap Value | 53.20% |
| Large-Cap Blend | 2.75% |
| Large-Cap Growth | 4.98% |
| Mid-Cap Value | 29.96% |
| Mid-Cap Blend | 7.45% |
| Mid-Cap Growth | 0.59% |
| Small-Cap Value | 0.90% |
| Small-Cap Blend | 0.16% |
| Small-Cap Growth | - |
as of 04/17/2024 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| XOM | Exxon Mobil Corp | 5.30 |
| BAC | Bank of America Corp | 5.11 |
| JPM | JPMorgan Chase & Co | 5.10 |
| BRK/B | Berkshire Hathaway Inc | 5.00 |
| WFC | Wells Fargo & Co | 4.92 |
| CVX | Chevron Corp | 4.86 |
| VZ | Verizon Communications Inc | 3.81 |
| C | Citigroup Inc | 3.18 |
| CVS | CVS Health Corp | 2.97 |
| CI | Cigna Group/The | 2.75 |
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 | 0.32551 | 0.32551 | - | - | - | - |
| 12/18/2023 | 12/19/2023 | 12/22/2023 | 0.35715 | 0.35715 | - | - | - | - |
| 09/18/2023 | 09/19/2023 | 09/22/2023 | 0.35860 | 0.35860 | - | - | - | - |
| 06/20/2023 | 06/21/2023 | 06/23/2023 | 0.25821 | 0.25821 | - | - | - | - |
| 03/20/2023 | 03/21/2023 | 03/24/2023 | 0.37244 | 0.37244 | - | - | - | - |
| 12/19/2022 | 12/20/2022 | 12/23/2022 | 0.24747 | 0.24747 | - | - | - | - |
| 09/19/2022 | 09/20/2022 | 09/23/2022 | 0.27187 | 0.27187 | - | - | - | - |
| 06/21/2022 | 06/22/2022 | 06/30/2022 | 0.26559 | 0.26559 | - | - | - | - |
| 03/21/2022 | 03/22/2022 | 03/31/2022 | 0.23430 | 0.23430 | - | - | - | - |
| 12/20/2021 | 12/21/2021 | 12/31/2021 | 0.31321 | 0.31321 | - | - | - | - |
| 09/20/2021 | 09/21/2021 | 09/30/2021 | 0.26273 | 0.26273 | - | - | - | - |
| 06/21/2021 | 06/22/2021 | 06/30/2021 | 0.20114 | 0.20114 | - | - | - | - |
| 03/22/2021 | 03/23/2021 | 03/31/2021 | 0.24739 | 0.24739 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.21441 | 0.21441 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.23039 | 0.23039 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.21858 | 0.21858 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.24640 | 0.24640 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.23617 | 0.23617 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.24491 | 0.24491 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.19195 | 0.19195 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.18936 | 0.18936 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.22967 | 0.22967 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.21430 | 0.21430 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.16413 | 0.16413 | - | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.15298 | 0.15298 | - | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.57492 | 0.57492 | - | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.14885 | 0.14885 | - | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | 0.05380 | 0.05380 | - | - | - | - |
| 03/17/2017 | 03/21/2017 | 03/31/2017 | 0.04471 | 0.04471 | - | - | - | - |
| 12/16/2016 | 12/20/2016 | 12/30/2016 | 0.11962 | 0.11962 | - | - | - | - |
| 09/16/2016 | 09/20/2016 | 09/30/2016 | - | - | - | - | - | - |
| 06/17/2016 | 06/21/2016 | 06/30/2016 | 0.16038 | 0.16038 | - | - | - | - |
| 03/18/2016 | 03/22/2016 | 03/31/2016 | 0.05172 | 0.05172 | - | - | - | - |
| 12/18/2015 | 12/22/2015 | 12/31/2015 | 0.13869 | 0.13869 | - | - | - | - |
Distribution Information
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 | 49 | 0 | 1 | 0 | 0 | 0 |
| 12/31/2023 | 63 | 58 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2023 | 63 | 44 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2023 | 62 | 32 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2023 | 250 | 174 | 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% |
| 03/31/2024 | 61 | 11 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2023 | 63 | 5 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2023 | 63 | 19 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2023 | 62 | 30 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2023 | 250 | 76 | 0 | 0 | 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.
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.
Fund Documents
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 sector, such as financials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
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 Fund may become “non-diversified”, as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.
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.
© 2021 Axioma, Inc. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Axioma; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute financial, investment, or legal advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Axioma is not responsible for any trading decisions, damages or other losses related to the Information or its use. Information should be verified before use and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
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