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Invesco S&P 500® Enhanced Value ETF

Ticker: SPVU

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.

as of 10/31/2022

Factor DNATM

Financial Professionals - Log in to view the fund's Factor DNATM chart

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.

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.

as of 10/31/2022

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.

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.

as of 10/31/2022 09/30/2022

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Enhanced Value Index -5.43 -3.01 7.51 7.58 N/A 9.80
S&P 500 Index -17.70 -14.61 10.22 10.44 12.79 11.76
Fund History (%)
Fund NAV -5.53 -3.13 7.43 7.47 N/A 9.63
After Tax Held -6.25 -4.03 6.60 6.67 N/A 8.96
After Tax Sold -3.28 -1.73 5.53 5.67 N/A 7.59
Fund Market Price -5.63 -3.15 7.49 7.46 N/A 9.62
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Enhanced Value Index -16.85 -9.68 3.99 5.08 N/A 7.91
S&P 500 Index -23.87 -15.47 8.16 9.24 11.70 10.67
Fund History (%)
Fund NAV -16.92 -9.78 3.92 4.97 N/A 7.75
After Tax Held -17.55 -10.62 3.12 4.20 N/A 7.08
After Tax Sold -9.97 -5.59 2.86 3.74 N/A 6.06
Fund Market Price -16.84 -9.79 3.99 5.04 N/A 7.77

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 09/30/2022

Growth of $10,000

Data beginning Fund inception and ending 09/30/2022. 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 11/28/2022

Sector Allocation

Sector Percent of Fund
Financials 42.29%
Health Care 14.34%
Consumer Discretionary 10.62%
Information Technology 6.91%
Communication Services 6.90%
Consumer Staples 5.77%
Energy 5.55%
Materials 5.13%
Industrials 1.80%
Utilities 0.63%
Investment Companies 0.07%
as of 11/27/2022

Market Cap & Style Allocations

Large-Cap Value 60.60%
Large-Cap Blend 9.82%
Large-Cap Growth 0.45%
Mid-Cap Value 23.62%
Mid-Cap Blend 3.72%
Mid-Cap Growth 1.33%
Small-Cap Value 0.47%
Small-Cap Blend -
Small-Cap Growth -

as of 11/28/2022 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
JPM JPMorgan Chase & Co 5.40
BRK/B Berkshire Hathaway Inc 5.22
CVS CVS Health Corp 4.61
T AT&T Inc 4.60
BAC Bank of America Corp 4.23
WFC Wells Fargo & Co 3.48
INTC Intel Corp 3.21
CI Cigna Corp 3.20
GS Goldman Sachs Group Inc/The 3.11
GM General Motors Co 3.03

as of 11/28/2022 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
JPMorgan Chase & Co 5.40
Berkshire Hathaway Inc 5.22
CVS Health Corp 4.61
AT&T Inc 4.60
Bank of America Corp 4.23
Wells Fargo & Co 3.48
Intel Corp 3.21
Cigna Corp 3.20
Goldman Sachs Group Inc/The 3.11
General Motors Co 3.03
Ford Motor Co 2.73
Marathon Petroleum Corp 2.70
Citigroup Inc 2.43
Morgan Stanley 1.85
Moderna Inc 1.49
Micron Technology Inc 1.49
Centene Corp 1.48
Archer-Daniels-Midland Co 1.48
American International Group Inc 1.44
Phillips 66 1.44
Walgreens Boots Alliance Inc 1.42
Valero Energy Corp 1.42
Humana Inc 1.42
Nucor Corp 1.33
Chubb Ltd 1.32
MetLife Inc 1.30
FedEx Corp 1.18
Prudential Financial Inc 1.10
Capital One Financial Corp 1.06
Dow Inc 1.05
DR Horton Inc 1.01
Truist Financial Corp 1.01
Hewlett Packard Enterprise Co 0.94
Warner Bros Discovery Inc 0.92
Lennar Corp 0.89
Kroger Co/The 0.88
HP Inc 0.80
Aflac Inc 0.74
Travelers Cos Inc/The 0.72
LyondellBasell Industries NV 0.72
Allstate Corp/The 0.70
DuPont de Nemours Inc 0.68
Tyson Foods Inc 0.67
eBay Inc 0.67
Best Buy Co Inc 0.63
AmerisourceBergen Corp 0.63
Kraft Heinz Co/The 0.62
Bank of New York Mellon Corp/The 0.60
Paramount Global 0.58
State Street Corp 0.51
Discover Financial Services 0.48
Laboratory Corp of America Holdings 0.48
Mosaic Co/The 0.48
Hartford Financial Services Group Inc/The 0.45
Willis Towers Watson PLC 0.45
NRG Energy Inc 0.45
PulteGroup Inc 0.43
Synchrony Financial 0.42
Citizens Financial Group Inc 0.42
M&T Bank Corp 0.39
Quest Diagnostics Inc 0.39
Conagra Brands Inc 0.36
Viatris Inc 0.36
International Paper Co 0.35
Regions Financial Corp 0.35
Whirlpool Corp 0.34
Principal Financial Group Inc 0.34
Molson Coors Beverage Co 0.34
Fifth Third Bancorp 0.34
Western Digital Corp 0.32
Westrock Co 0.31
BorgWarner Inc 0.31
KeyCorp 0.31
Everest Re Group Ltd 0.30
CH Robinson Worldwide Inc 0.29
Huntington Bancshares Inc/OH 0.29
CarMax Inc 0.29
Universal Health Services Inc 0.29
Loews Corp 0.25
Lumen Technologies Inc 0.24
Cincinnati Financial Corp 0.23
Celanese Corp 0.21
Mohawk Industries Inc 0.19
Fox Corp 0.19
DISH Network Corp 0.19
Lincoln National Corp 0.18
Pinnacle West Capital Corp 0.18
News Corp 0.18
Huntington Ingalls Industries Inc 0.18
Invesco Ltd 0.16
Franklin Resources Inc 0.16
Globe Life Inc 0.16
DXC Technology Co 0.15
Alaska Air Group Inc 0.15
Assurant Inc 0.13
Comerica Inc 0.12
Zions Bancorp NA 0.12
Newell Brands Inc 0.12
Invesco Government & Agency Portfolio 0.07

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
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 - - - -

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%
09/30/2022 64 27 6 1 0 0 0
06/30/2022 62 31 3 0 0 0 0
03/31/2022 62 27 4 0 0 0 0
12/31/2021 64 39 1 0 0 0 0
Year Ended 2021 252 148 15 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%
09/30/2022 64 26 4 0 0 0 0
06/30/2022 62 26 2 0 0 0 0
03/31/2022 62 27 4 0 0 0 0
12/31/2021 64 24 0 0 0 0 0
Year Ended 2021 252 82 5 0 1 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 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.