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Equity | US Equity

Invesco S&P 500® Momentum ETF

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 the securities 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 12/31/2020

Factor DNATM

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. Size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 12/31/2020

Factor DNATM

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. Size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

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

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Momentum Index 28.32 28.32 17.43 17.03 N/A 17.14
S&P 500 Index 18.40 18.40 14.18 15.22 13.88 14.94
Fund History (%)
Fund NAV 28.17 28.17 17.26 16.80 N/A 16.90
After Tax Held 27.34 27.34 16.78 16.36 N/A 16.46
After Tax Sold 16.57 16.57 13.41 13.44 N/A 13.56
Fund Market Price 28.45 28.45 17.23 16.78 N/A 16.90
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Momentum Index 28.32 28.32 17.43 17.03 N/A 17.14
S&P 500 Index 18.40 18.40 14.18 15.22 13.88 14.94
Fund History (%)
Fund NAV 28.17 28.17 17.26 16.80 N/A 16.90
After Tax Held 27.34 27.34 16.78 16.36 N/A 16.46
After Tax Sold 16.57 16.57 13.41 13.44 N/A 13.56
Fund Market Price 28.45 28.45 17.23 16.78 N/A 16.90

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 Fund inception and ending 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 39.31%
Health Care 18.47%
Consumer Discretionary 15.31%
Communication Services 11.63%
Real Estate 3.40%
Consumer Staples 3.21%
Materials 2.65%
Industrials 2.32%
Financials 1.88%
Utilities 1.86%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 6.23%
Large-Cap Blend 33.69%
Large-Cap Growth 50.96%
Mid-Cap Value 1.45%
Mid-Cap Blend 4.65%
Mid-Cap Growth 3.02%
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
AAPL Apple Inc 8.82
MSFT Microsoft Corp 8.44
AMZN Amazon.com Inc 8.07
NVDA NVIDIA Corp 5.71
FB Facebook Inc 5.17
PYPL PayPal Holdings Inc 4.02
ABBV AbbVie Inc 2.68
NFLX Netflix Inc 2.57
TMO Thermo Fisher Scientific Inc 2.56
ADBE Adobe Inc 2.42

as of 01/15/2021 Holdings | View All

Fund Holdings subject to change

Futures % of Net Assets
No holdings available
Swaps % of Net Assets
No holdings available

Collateral % of Net Assets
Apple Inc 8.82
Microsoft Corp 8.44
Amazon.com Inc 8.07
NVIDIA Corp 5.71
Facebook Inc 5.17
PayPal Holdings Inc 4.02
AbbVie Inc 2.68
Netflix Inc 2.57
Thermo Fisher Scientific Inc 2.56
Adobe Inc 2.42
Home Depot Inc/The 2.33
Danaher Corp 1.93
Advanced Micro Devices Inc 1.87
Bristol-Myers Squibb Co 1.85
QUALCOMM Inc 1.80
Eli Lilly and Co 1.72
NextEra Energy Inc 1.62
Amgen Inc 1.44
Lowe's Cos Inc 1.34
Charter Communications Inc 1.31
Costco Wholesale Corp 1.31
Linde PLC 1.24
ServiceNow Inc 1.12
Activision Blizzard Inc 1.11
Target Corp 1.10
Lam Research Corp 0.98
Regeneron Pharmaceuticals Inc 0.98
Newmont Corp 0.90
Equinix Inc 0.85
Vertex Pharmaceuticals Inc 0.83
Intuitive Surgical Inc 0.76
S&P Global Inc 0.74
American Tower Corp 0.74
Autodesk Inc 0.71
T-Mobile US Inc 0.71
Zoetis Inc 0.70
Dollar General Corp 0.67
Prologis Inc 0.63
DexCom Inc 0.61
Electronic Arts Inc 0.56
Crown Castle International Corp 0.54
Air Products and Chemicals Inc 0.51
Synopsys Inc 0.46
KLA Corp 0.44
Kroger Co/The 0.44
IDEXX Laboratories Inc 0.44
MSCI Inc 0.42
Agilent Technologies Inc 0.42
Cadence Design Systems Inc 0.40
Digital Realty Trust Inc 0.40
West Pharmaceutical Services Inc 0.40
eBay Inc 0.39
Chipotle Mexican Grill Inc 0.38
Clorox Co/The 0.37
Fastenal Co 0.36
ResMed Inc 0.36
ANSYS Inc 0.36
Moody's Corp 0.34
Skyworks Solutions Inc 0.32
General Mills Inc 0.30
Old Dominion Freight Line Inc 0.28
PACCAR Inc 0.26
Rockwell Automation Inc 0.26
Verisk Analytics Inc 0.25
Qorvo Inc 0.25
Fortinet Inc 0.25
American Water Works Co Inc 0.24
SBA Communications Corp 0.24
IHS Markit Ltd 0.24
Tyler Technologies Inc 0.24
MarketAxess Holdings Inc 0.22
NortonLifeLock Inc 0.21
DR Horton Inc 0.21
Citrix Systems Inc 0.21
Church & Dwight Co Inc 0.21
Take-Two Interactive Software Inc 0.20
Bio-Rad Laboratories Inc 0.20
Domino's Pizza Inc 0.19
Lennar Corp 0.19
Hologic Inc 0.18
PerkinElmer Inc 0.18
Kansas City Southern 0.18
Tractor Supply Co 0.17
Garmin Ltd 0.16
Nasdaq Inc 0.16
Masco Corp 0.15
Conagra Brands Inc 0.15
Akamai Technologies Inc 0.15
Quest Diagnostics Inc 0.14
Kellogg Co 0.12
Rollins Inc 0.12
Hormel Foods Corp 0.12
Brown-Forman Corp 0.11
Jack Henry & Associates Inc 0.11
DaVita Inc 0.11
JB Hunt Transport Services Inc 0.10
Fortune Brands Home & Security Inc 0.10
PulteGroup Inc 0.09
Campbell Soup Co 0.07
Cash/Receivables/Payables -

A negative in Cash or Other, as of the date shown, is normally due to fund activity that has accrued or is pending settlement.

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 0.16546 0.16546 - - - -
09/21/2020 09/22/2020 09/30/2020 0.16846 0.16846 - - - -
06/22/2020 06/23/2020 06/30/2020 0.16515 0.16515 - - - -
03/23/2020 03/24/2020 03/31/2020 0.17103 0.17103 - - - -
12/23/2019 12/24/2019 12/31/2019 0.18556 0.18556 - - - -
09/23/2019 09/24/2019 09/30/2019 0.14194 0.14194 - - - -
06/24/2019 06/25/2019 06/28/2019 0.15571 0.15571 - - - -
03/18/2019 03/19/2019 03/29/2019 0.10038 0.10038 - - - -
12/24/2018 12/26/2018 12/31/2018 0.12920 0.12920 - - - -
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%
12/31/2020 64 30 7 0 0 0 0
09/30/2020 64 26 4 0 0 0 0
06/30/2020 63 21 10 0 0 0 0
03/31/2020 62 18 4 0 0 0 1
Year Ended 2020 253 95 25 0 0 0 1
    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 23 4 0 0 0 0
09/30/2020 64 29 4 1 0 0 0
06/30/2020 63 27 5 0 0 0 0
03/31/2020 62 35 4 0 0 0 0
Year Ended 2020 253 114 17 1 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.

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

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 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.

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).