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Invesco Dynamic Large Cap Growth ETF

Product Details

The Invesco Dynamic Large Cap Growth ETF (Fund) is based on the Dynamic Large Cap Growth Intellidex℠ Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index seeks to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10-factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

as of 12/31/2020

Morningstar Rating

Overall Rating - Large Growth Category

As of 12/31/2020 the Fund had an overall rating of 4 stars out of 1197 funds and was rated 3 stars out of 1197 funds, 3 stars out of 1070 funds and 4 stars out of 789 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2020 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 12/31/2020 12/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dynamic Large Cap Growth Intellidex Index 32.49 32.49 19.11 18.11 16.81 11.41
Russell 1000 Growth Index 38.49 38.49 22.99 21.00 17.21 12.34
Fund History (%)
Fund NAV 31.72 31.72 18.42 17.41 16.11 10.70
After Tax Held 31.56 31.56 18.23 17.22 15.93 10.57
After Tax Sold 18.75 18.75 14.49 14.08 13.68 9.17
Fund Market Price 31.95 31.95 18.33 17.38 16.10 10.69
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dynamic Large Cap Growth Intellidex Index 32.49 32.49 19.11 18.11 16.81 11.41
Russell 1000 Growth Index 38.49 38.49 22.99 21.00 17.21 12.34
Fund History (%)
Fund NAV 31.72 31.72 18.42 17.41 16.11 10.70
After Tax Held 31.56 31.56 18.23 17.22 15.93 10.57
After Tax Sold 18.75 18.75 14.49 14.08 13.68 9.17
Fund Market Price 31.95 31.95 18.33 17.38 16.10 10.69

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 09/30/2020

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2020. 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 01/15/2021

Sector Allocation

Sector Percent of Fund
Information Technology 42.01%
Health Care 19.72%
Consumer Discretionary 12.42%
Communication Services 11.86%
Materials 7.32%
Financials 3.92%
Consumer Staples 1.45%
Industrials 1.30%
Investment Companies 0.04%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 1.74%
Large-Cap Blend 29.52%
Large-Cap Growth 62.00%
Mid-Cap Value -
Mid-Cap Blend 1.24%
Mid-Cap Growth 5.49%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 01/15/2021 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
TSLA Tesla Inc 4.62
PYPL PayPal Holdings Inc 3.62
TMO Thermo Fisher Scientific Inc 3.56
AAPL Apple Inc 3.43
QCOM QUALCOMM Inc 3.35
ABT Abbott Laboratories 3.22
AMZN Amazon.com Inc 3.09
MSFT Microsoft Corp 3.09
TMUS T-Mobile US Inc 3.09
NVDA NVIDIA Corp 3.09
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
12/21/2020 12/22/2020 12/31/2020 0.01826 0.01826 - - - -
09/21/2020 09/22/2020 09/30/2020 0.01240 0.01240 - - - -
06/22/2020 06/23/2020 06/30/2020 0.05360 0.05360 - - - -
03/23/2020 03/24/2020 03/31/2020 0.05591 0.05591 - - - -
12/23/2019 12/24/2019 12/31/2019 0.04639 0.04639 - - - -
09/23/2019 09/24/2019 09/30/2019 0.04040 0.04040 - - - -
06/24/2019 06/25/2019 06/28/2019 0.12474 0.12474 - - - -
03/18/2019 03/19/2019 03/29/2019 0.08704 0.08704 - - - -
12/24/2018 12/26/2018 12/31/2018 0.16245 0.16245 - - - -
09/24/2018 09/25/2018 09/28/2018 0.08924 0.08924 - - - -
06/18/2018 06/19/2018 06/29/2018 0.10468 0.10468 - - - -
03/19/2018 03/20/2018 03/29/2018 0.04641 0.04641 - - - -
12/18/2017 12/19/2017 12/29/2017 0.06303 0.06303 - - - -
09/18/2017 09/19/2017 09/29/2017 0.05179 0.05179 - - - -
06/16/2017 06/20/2017 06/30/2017 0.10815 0.10815 - - - -
12/16/2016 12/20/2016 12/30/2016 0.10227 0.10227 - - - -
09/16/2016 09/20/2016 09/30/2016 0.07598 0.07598 - - - -
06/17/2016 06/21/2016 06/30/2016 0.07144 0.07144 - - - -
03/18/2016 03/22/2016 03/31/2016 0.01326 0.01326 - - - -
12/18/2015 12/22/2015 12/31/2015 0.06303 0.06303 - - - -
09/18/2015 09/22/2015 09/30/2015 0.03895 0.03895 - - - -
06/19/2015 06/23/2015 06/30/2015 0.06882 0.06882 - - - -
03/20/2015 03/24/2015 03/31/2015 0.03967 0.03967 - - - -
12/19/2014 12/23/2014 12/31/2014 0.03929 0.03929 - - - -
09/19/2014 09/23/2014 09/30/2014 0.04086 0.04086 - - - -
06/20/2014 06/24/2014 06/30/2014 0.04560 0.04560 - - - -
12/20/2013 12/24/2013 12/31/2013 0.03996 0.03996 - - - -
09/20/2013 09/24/2013 09/30/2013 0.02114 0.02114 - - - -
06/21/2013 06/25/2013 06/28/2013 0.04789 0.04789 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.12021 0.12021 - - - -
09/21/2012 09/25/2012 09/28/2012 0.03113 0.03113 - - - -
06/15/2012 06/19/2012 06/29/2012 0.05132 0.05132 - - - -
03/16/2012 03/20/2012 03/30/2012 0.00928 0.00928 - - - -
12/16/2011 12/20/2011 12/30/2011 0.05982 0.05982 - - - -
09/16/2011 09/20/2011 09/30/2011 0.03040 0.03040 - - - -
06/17/2011 06/21/2011 06/30/2011 0.04248 0.04248 - - - -
03/18/2011 03/22/2011 03/31/2011 0.01035 0.01035 - - - -
12/17/2010 12/21/2010 12/31/2010 0.05772 0.05772 - - - -
09/17/2010 09/21/2010 09/30/2010 0.01700 0.01700 - - - -
06/18/2010 06/22/2010 06/30/2010 0.02337 0.02337 - - - -
03/19/2010 03/23/2010 03/31/2010 0.00543 0.00543 - - - -
12/18/2009 12/22/2009 12/31/2009 0.03511 0.03511 - - - -
09/18/2009 09/22/2009 09/30/2009 0.01154 0.01154 - - - -
06/19/2009 06/23/2009 06/30/2009 0.03990 0.03990 - - - -
12/19/2008 12/23/2008 12/31/2008 0.06174 0.06174 - - - -
06/20/2008 06/24/2008 06/30/2008 0.01472 0.01472 - - - -
12/21/2007 12/26/2007 12/31/2007 0.03572 0.03572 - - - -
12/15/2006 12/19/2006 12/29/2006 0.01906 0.01906 - - - -
06/16/2006 06/20/2006 06/30/2006 0.00120 0.00120 - - - -
12/16/2005 12/20/2005 12/30/2005 0.00241 0.00241 - - - -

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%
12/31/2020 64 22 4 0 0 0 0
09/30/2020 64 24 1 0 0 0 0
06/30/2020 63 23 5 0 0 0 0
03/31/2020 62 16 4 0 0 0 0
Year Ended 2020 253 85 14 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%
12/31/2020 64 34 3 1 0 0 0
09/30/2020 64 33 6 0 0 0 0
06/30/2020 63 28 7 0 0 0 0
03/31/2020 62 36 4 1 0 1 0
Year Ended 2020 253 131 20 2 0 1 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.

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.

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

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

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

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.

The Russell 1000® Growth Index is an unmanaged index considered representative of large-cap growth stocks. The Russell 1000® Growth Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.

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

ICE Data Indices, LLC, is used with permission. Dynamic Large Cap Growth IntellidexSM Index (“Index”) is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed for use by Invesco Capital Management LLC, in connection with the Invesco Dynamic Large Cap Growth ETF (the “Product”). Neither Invesco Capital Management LLC, Invesco Exchange-Traded Fund Trust nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”).  ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM (“INDEX DATA”). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK.

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.