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Invesco S&P 500® Enhanced Value ETF

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 12/31/2020

Factor DNATM

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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

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

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 Enhanced Value Index -10.23 -10.23 1.75 8.60 N/A 8.20
S&P 500 Index 18.40 18.40 14.18 15.22 13.88 14.94
Fund History (%)
Fund NAV -10.17 -10.17 1.68 8.43 N/A 8.02
After Tax Held -11.43 -11.43 0.82 7.70 N/A 7.29
After Tax Sold -6.20 -6.20 1.04 6.45 N/A 6.13
Fund Market Price -10.02 -10.02 1.62 8.41 N/A 8.01
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Enhanced Value Index -10.23 -10.23 1.75 8.60 N/A 8.20
S&P 500 Index 18.40 18.40 14.18 15.22 13.88 14.94
Fund History (%)
Fund NAV -10.17 -10.17 1.68 8.43 N/A 8.02
After Tax Held -11.43 -11.43 0.82 7.70 N/A 7.29
After Tax Sold -6.20 -6.20 1.04 6.45 N/A 6.13
Fund Market Price -10.02 -10.02 1.62 8.41 N/A 8.01

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.

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
Financials 41.28%
Health Care 18.44%
Consumer Discretionary 9.22%
Energy 8.75%
Communication Services 6.79%
Consumer Staples 6.73%
Information Technology 2.73%
Utilities 2.43%
Materials 1.44%
Industrials 1.11%
Real Estate 0.92%
Investment Companies 0.13%
Cash 0.00%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 55.41%
Large-Cap Blend 8.70%
Large-Cap Growth -
Mid-Cap Value 32.79%
Mid-Cap Blend 1.12%
Mid-Cap Growth 0.30%
Small-Cap Value 1.46%
Small-Cap Blend 0.22%
Small-Cap Growth -

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

Fund Holdings subject to change

Ticker Company % of Fund
BAC Bank of America Corp 5.32
XOM Exxon Mobil Corp 5.27
CVS CVS Health Corp 4.89
BRK/B Berkshire Hathaway Inc 4.84
T AT&T Inc 4.37
C Citigroup Inc 3.63
CI Cigna Corp 3.47
WFC Wells Fargo & Co 3.15
ANTM Anthem Inc 2.79
GM General Motors Co 2.65

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
Bank of America Corp 5.32
Exxon Mobil Corp 5.27
CVS Health Corp 4.89
Berkshire Hathaway Inc 4.84
AT&T Inc 4.37
Citigroup Inc 3.63
Cigna Corp 3.47
Wells Fargo & Co 3.15
Anthem Inc 2.79
General Motors Co 2.65
Morgan Stanley 2.24
Goldman Sachs Group Inc/The 2.24
Ford Motor Co 2.01
Centene Corp 2.01
Humana Inc 1.71
Walgreens Boots Alliance Inc 1.61
Exelon Corp 1.45
Kroger Co/The 1.45
MetLife Inc 1.44
Truist Financial Corp 1.43
McKesson Corp 1.41
Archer-Daniels-Midland Co 1.37
PNC Financial Services Group Inc/The 1.35
Chubb Ltd 1.31
Phillips 66 1.20
Valero Energy Corp 1.17
Capital One Financial Corp 1.13
Prudential Financial Inc 1.09
HP Inc 0.99
Viatris Inc 0.96
Progressive Corp/The 0.96
Bank of New York Mellon Corp/The 0.95
Allstate Corp/The 0.95
ViacomCBS Inc 0.89
Travelers Cos Inc/The 0.84
Best Buy Co Inc 0.84
Lennar Corp 0.81
Aflac Inc 0.81
American International Group Inc 0.80
Tyson Foods Inc 0.80
Marathon Petroleum Corp 0.76
Hewlett Packard Enterprise Co 0.70
DR Horton Inc 0.69
Cardinal Health Inc 0.69
Kraft Heinz Co/The 0.69
Consolidated Edison Inc 0.68
CenturyLink Inc 0.65
State Street Corp 0.60
CBRE Group Inc 0.56
Hartford Financial Services Group Inc/The 0.54
Nucor Corp 0.52
International Paper Co 0.51
Fifth Third Bancorp 0.50
Molson Coors Beverage Co 0.44
Western Digital Corp 0.43
Citizens Financial Group Inc 0.43
Whirlpool Corp 0.42
Westrock Co 0.41
Principal Financial Group Inc 0.40
PulteGroup Inc 0.40
KeyCorp 0.39
M&T Bank Corp 0.38
J M Smucker Co/The 0.37
Regions Financial Corp 0.37
Synchrony Financial 0.34
Fox Corp 0.34
Universal Health Services Inc 0.33
Lincoln National Corp 0.32
Mohawk Industries Inc 0.32
Textron Inc 0.32
MGM Resorts International 0.32
LKQ Corp 0.31
NRG Energy Inc 0.30
Howmet Aerospace Inc 0.29
Discovery Inc 0.29
Quanta Services Inc 0.29
BorgWarner Inc 0.28
Huntington Bancshares Inc/OH 0.27
Cincinnati Financial Corp 0.27
Loews Corp 0.26
DISH Network Corp 0.26
Everest Re Group Ltd 0.24
Juniper Networks Inc 0.23
Kimco Realty Corp 0.22
Unum Group 0.22
Huntington Ingalls Industries Inc 0.21
Xerox Holdings Corp 0.21
Assurant Inc 0.20
HollyFrontier Corp 0.20
Invesco Ltd 0.20
Comerica Inc 0.19
Globe Life Inc 0.19
Perrigo Co PLC 0.18
DXC Technology Co 0.17
Hanesbrands Inc 0.17
Zions Bancorp NA 0.17
People's United Financial Inc 0.16
Franklin Resources Inc 0.14
TechnipFMC PLC 0.14
SL Green Realty Corp 0.14
STIT - Government & Agency Portfolio 0.13
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 0.21441 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%
12/31/2020 64 33 3 0 0 0 0
09/30/2020 64 27 1 0 0 0 0
06/30/2020 63 21 6 0 0 0 0
03/31/2020 62 25 7 0 0 0 0
Year Ended 2020 253 106 17 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 24 4 0 0 0 0
09/30/2020 64 32 4 0 0 0 0
06/30/2020 63 33 3 0 0 0 0
03/31/2020 62 27 2 0 1 0 0
Year Ended 2020 253 116 13 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.