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Invesco S&P SmallCap Value with Momentum ETF

Product Details

The Invesco S&P SmallCap Value with Momentum ETF (Fund) is based on the S&P 600 High Momentum Value Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600® Index having the highest "value scores" and "momentum scores," calculated pursuant to the index methodology. Index constituents are weighted by their value scores; securities with higher value scores receive relatively greater weights. The Fund and the Index are rebalanced and reconstituted semi-annually.

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

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P SmallCap 600 High Momentum Value Index 5.33 5.33 N/A N/A N/A N/A
S&P SmallCap 600 Index 11.29 11.29 7.74 12.37 11.92 9.35
Fund History (%)
Fund NAV 5.03 5.03 6.37 10.97 10.77 7.21
After Tax Held 4.21 4.21 5.74 10.31 10.25 6.81
After Tax Sold 2.79 2.79 4.65 8.49 8.75 5.89
Fund Market Price 4.99 4.99 6.43 11.00 10.81 7.22
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P SmallCap 600 High Momentum Value Index 5.33 5.33 N/A N/A N/A N/A
S&P SmallCap 600 Index 11.29 11.29 7.74 12.37 11.92 9.35
Fund History (%)
Fund NAV 5.03 5.03 6.37 10.97 10.77 7.21
After Tax Held 4.21 4.21 5.74 10.31 10.25 6.81
After Tax Sold 2.79 2.79 4.65 8.49 8.75 5.89
Fund Market Price 4.99 4.99 6.43 11.00 10.81 7.22

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.

S&P 600 High Momentum Value Index* performance prior to 6/16/2011 reflects that of the original Underlying Index, Dynamic Small Cap Value Intellidex Index. From 6/16/2011 to 5/22/2015, performance reflects that of the previous Underlying Index, RAFI Fundamental Small Value Index. From 5/22/2015 to 6/21/2019, performance reflects that of the previous Underlying Index, Russell 2000 Pure Value Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, S&P 600 High Momentum Value Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

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
Consumer Discretionary 24.18%
Financials 22.10%
Industrials 19.54%
Information Technology 9.07%
Materials 6.51%
Consumer Staples 6.14%
Health Care 4.35%
Energy 4.31%
Real Estate 2.20%
Communication Services 1.51%
Investment Companies 0.11%

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

Fund Holdings subject to change

Ticker Company % of Fund
ODP ODP Corp/The 2.12
VRTV Veritiv Corp 1.83
GME GameStop Corp 1.78
UNFI United Natural Foods Inc 1.63
ANDE Andersons Inc/The 1.46
SPTN SpartanNash Co 1.38
GPI Group 1 Automotive Inc 1.36
AEL American Equity Investment Life Holding Co 1.33
KELYA Kelly Services Inc 1.23
GPRE Green Plains Inc 1.22
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 0.08676 0.08676 - - - -
09/21/2020 09/22/2020 09/30/2020 0.06530 0.06530 - - - -
06/22/2020 06/23/2020 06/30/2020 0.08046 0.08046 - - - -
03/23/2020 03/24/2020 03/31/2020 0.18892 0.18892 - - - -
12/23/2019 12/24/2019 12/31/2019 0.17953 0.17953 - - - -
09/23/2019 09/24/2019 09/30/2019 0.07171 0.07171 - - - -
06/24/2019 06/25/2019 06/28/2019 0.16010 0.16010 - - - -
12/24/2018 12/26/2018 12/31/2018 0.28330 0.28330 - - - -
09/24/2018 09/25/2018 09/28/2018 0.11324 0.11324 - - - -
06/18/2018 06/19/2018 06/29/2018 0.27454 0.27454 - - - -
12/18/2017 12/19/2017 12/29/2017 0.30795 0.30795 - - - -
09/18/2017 09/19/2017 09/29/2017 0.15659 0.15659 - - - -
06/16/2017 06/20/2017 06/30/2017 0.10268 0.10268 - - - -
03/17/2017 03/21/2017 03/31/2017 0.01651 0.01651 - - - -
12/16/2016 12/20/2016 12/30/2016 0.38570 0.38570 - - - -
09/16/2016 09/20/2016 09/30/2016 0.13643 0.13643 - - - -
06/17/2016 06/21/2016 06/30/2016 0.13591 0.13591 - - - -
03/18/2016 03/22/2016 03/31/2016 0.03571 0.03571 - - - -
12/18/2015 12/22/2015 12/31/2015 0.25877 0.25877 - - - -
09/18/2015 09/22/2015 09/30/2015 0.18832 0.18832 - - - -
06/19/2015 06/23/2015 06/30/2015 0.11432 0.11432 - - - -
03/20/2015 03/24/2015 03/31/2015 0.05346 0.05346 - - - -
12/19/2014 12/23/2014 12/31/2014 0.19475 0.19475 - - - -
09/19/2014 09/23/2014 09/30/2014 0.04340 0.04340 - - - -
06/20/2014 06/24/2014 06/30/2014 0.08288 0.08288 - - - -
03/21/2014 03/25/2014 03/31/2014 0.02066 0.02066 - - - -
12/20/2013 12/24/2013 12/31/2013 0.12452 0.12452 - - - -
09/20/2013 09/24/2013 09/30/2013 0.04605 0.04605 - - - -
06/21/2013 06/25/2013 06/28/2013 0.09744 0.09744 - - - -
03/15/2013 03/19/2013 03/28/2013 0.01753 0.01753 - - - -
12/21/2012 12/26/2012 12/31/2012 0.18518 0.18518 - - - -
09/21/2012 09/25/2012 09/28/2012 0.07178 0.07178 - - - -
06/15/2012 06/19/2012 06/29/2012 0.07637 0.07637 - - - -
03/16/2012 03/20/2012 03/30/2012 0.03361 0.03361 - - - -
12/16/2011 12/20/2011 12/30/2011 0.06920 0.06920 - - - -
09/16/2011 09/20/2011 09/30/2011 0.03954 0.03954 - - - -
06/17/2011 06/21/2011 06/30/2011 0.04498 0.04498 - - - -
12/17/2010 12/21/2010 12/31/2010 0.13000 0.13000 - - - -
09/17/2010 09/21/2010 09/30/2010 0.02763 0.02763 - - - -
06/18/2010 06/22/2010 06/30/2010 0.02072 0.02072 - - - -
12/18/2009 12/22/2009 12/31/2009 0.02207 0.02207 - - - -
09/18/2009 09/22/2009 09/30/2009 0.02725 0.02725 - - - -
06/19/2009 06/23/2009 06/30/2009 0.03129 0.03129 - - - -
03/20/2009 03/24/2009 03/31/2009 0.01400 0.01400 - - - -
12/19/2008 12/23/2008 12/31/2008 0.04061 0.04061 - - - -
09/19/2008 09/23/2008 09/30/2008 0.02772 0.02772 - - - -
06/20/2008 06/24/2008 06/30/2008 0.03170 0.03170 - - - -
03/20/2008 03/25/2008 03/31/2008 0.01508 0.01508 - - - -
12/21/2007 12/26/2007 12/31/2007 0.47943 0.47943 - - - -
09/21/2007 09/25/2007 09/28/2007 0.03122 0.03122 - - - -
06/15/2007 06/19/2007 06/29/2007 0.04787 0.04787 - - - -
03/16/2007 03/20/2007 03/30/2007 0.03120 0.03120 - - - -
12/15/2006 12/19/2006 12/29/2006 0.05147 0.05147 - - - -
09/15/2006 09/19/2006 09/29/2006 0.02539 0.02539 - - - -
06/16/2006 06/20/2006 06/30/2006 0.02139 0.02139 - - - -
03/17/2006 03/21/2006 03/31/2006 0.01644 0.01644 - - - -
12/16/2005 12/20/2005 12/30/2005 0.02879 0.02879 - - - -
09/16/2005 09/20/2005 09/30/2005 0.02835 0.02835 - - - -
06/17/2005 06/21/2005 06/30/2005 0.03471 0.03471 - - - -

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 14 1 0 0 0
09/30/2020 64 26 3 0 0 0 0
06/30/2020 63 16 8 0 0 0 0
03/31/2020 62 20 4 0 1 0 1
Year Ended 2020 253 95 29 1 1 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 12 4 0 0 0 0
09/30/2020 64 25 9 1 0 0 0
06/30/2020 63 29 8 2 0 0 0
03/31/2020 62 23 11 0 1 0 1
Year Ended 2020 253 89 32 3 1 0 1

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.

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

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

A 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.

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.

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

The S&P SmallCap 600 Index seeks to measure the small-cap segment of the U.S. equity market.

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 trademarks 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).

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

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.