Equity | US Equity

Invesco Bloomberg MVP Multi-factor ETF

Ticker: BMVP

Product Details

The Invesco Bloomberg MVP Multi-factor ETF (Fund) is based on the Bloomberg MVP Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is comprised of U.S. large-cap companies that exhibit strong fundamental characteristics for momentum (M), value (V), volatility (V) and profitability (P). The Index aims to select approximately 50 companies with the strongest momentum, most muted volatility, inexpensive valuations, and highest profitability through an aggregated sector-neutral MVP score. The Fund and the Index are rebalanced and reconstituted quarterly in January, April, July and October.

Effective at the close of markets on July 14, 2023, the Fund will effect a “3 for 1” forward split of its issued and outstanding shares. Please see the prospectus for more information.

as of 01/31/2024 12/31/2023

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Bloomberg MVP Total Return Index (USD) 2.13 N/A N/A N/A N/A N/A
S&P 500 Index 1.68 20.82 10.99 14.30 12.62 10.51
Dynamic Market Intellidex Index 4.55 19.15 6.91 8.31 8.86 9.70
Fund History (%)
Fund NAV 2.09 15.15 5.24 7.01 7.82 8.85
After Tax Held 2.09 14.61 4.92 6.67 7.49 8.60
After Tax Sold 1.24 9.22 4.01 5.43 6.29 7.61
Fund Market Price 2.07 15.12 5.14 7.03 7.82 8.85
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Bloomberg MVP Total Return Index (USD) N/A N/A N/A N/A N/A N/A
S&P 500 Index 26.29 26.29 10.00 15.69 12.03 10.46
Dynamic Market Intellidex Index 20.19 20.19 6.89 8.79 8.06 9.51
Fund History (%)
Fund NAV 18.82 18.82 6.06 7.98 7.30 8.78
After Tax Held 17.94 17.94 5.61 7.60 6.93 8.52
After Tax Sold 11.08 11.08 4.53 6.18 5.81 7.54
Fund Market Price 18.90 18.90 6.03 8.07 7.29 8.78

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 12/31/2023

Growth of $10,000

Data beginning 10 years prior to the ending date of 12/31/2023. 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.

Bloomberg MVP Index* performance prior to August 25, 2023 reflects that of the original Underlying Index, Dynamic Market Intellidex Index. From August 25, 2023, forward, the Index performance reflects that of the Underlying Index, Bloomberg MVP Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 02/21/2024

Sector Allocation

Sector Percent of Fund
Information Technology 14.68%
Financials 13.97%
Industrials 12.95%
Health Care 11.46%
Consumer Discretionary 11.34%
Consumer Staples 7.81%
Energy 5.98%
Materials 5.62%
Real Estate 5.41%
Communication Services 5.41%
Utilities 5.39%
as of 02/20/2024

Market Cap & Style Allocations

Large-Cap Value 15.28%
Large-Cap Blend 25.06%
Large-Cap Growth 3.73%
Mid-Cap Value 20.02%
Mid-Cap Blend 31.76%
Mid-Cap Growth 4.16%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 02/21/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
WRB W R Berkley Corp 2.13
APO Apollo Global Management Inc 2.11
CRBG Corebridge Financial Inc 2.10
COR Cencora Inc 2.05
GWW WW Grainger Inc 2.05
ABBV AbbVie Inc 2.04
AXP American Express Co 2.03
TRGP Targa Resources Corp 2.02
KLAC KLA Corp 2.02
MPC Marathon Petroleum Corp 2.02
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 | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
12/18/2023 12/19/2023 12/22/2023 0.41039 0.41039 - - - -
09/18/2023 09/19/2023 09/22/2023 0.14516 0.14516 - - - -
06/20/2023 06/21/2023 06/23/2023 0.18634 0.18634 - - - -
03/20/2023 03/21/2023 03/24/2023 0.17269 0.17269 - - - -
12/19/2022 12/20/2022 12/23/2022 0.74139 0.74139 - - - -
09/19/2022 09/20/2022 09/23/2022 0.32504 0.32504 - - - -
06/21/2022 06/22/2022 06/30/2022 0.26124 0.26124 - - - -
03/21/2022 03/22/2022 03/31/2022 0.24527 0.24527 - - - -
12/20/2021 12/21/2021 12/31/2021 0.23041 0.23041 - - - -
09/20/2021 09/21/2021 09/30/2021 0.14617 0.14617 - - - -
06/21/2021 06/22/2021 06/30/2021 0.25838 0.25838 - - - -
03/22/2021 03/23/2021 03/31/2021 0.07382 0.07382 - - - -
12/21/2020 12/22/2020 12/31/2020 0.22340 0.22340 - - - -
09/21/2020 09/22/2020 09/30/2020 0.13929 0.13929 - - - -
06/22/2020 06/23/2020 06/30/2020 0.45934 0.45934 - - - -
03/23/2020 03/24/2020 03/31/2020 0.32966 0.32966 - - - -
12/23/2019 12/24/2019 12/31/2019 0.34483 0.34483 - - - -
09/23/2019 09/24/2019 09/30/2019 0.17454 0.17454 - - - -
06/24/2019 06/25/2019 06/28/2019 0.29794 0.29794 - - - -
03/18/2019 03/19/2019 03/29/2019 0.12683 0.12683 - - - -
12/24/2018 12/26/2018 12/31/2018 0.31084 0.31084 - - - -
09/24/2018 09/25/2018 09/28/2018 0.18805 0.18805 - - - -
06/18/2018 06/19/2018 06/29/2018 0.49632 0.49632 - - - -
03/19/2018 03/20/2018 03/29/2018 0.27521 0.27521 - - - -
12/18/2017 12/19/2017 12/29/2017 0.92744 0.92744 - - - -
09/18/2017 09/19/2017 09/29/2017 0.49583 0.49583 - - - -
06/16/2017 06/20/2017 06/30/2017 0.24212 0.24212 - - - -
12/16/2016 12/20/2016 12/30/2016 0.36352 0.36352 - - - -
09/16/2016 09/20/2016 09/30/2016 0.17127 0.17127 - - - -
06/17/2016 06/21/2016 06/30/2016 0.28795 0.28795 - - - -
03/18/2016 03/22/2016 03/31/2016 0.26509 0.26509 - - - -
12/18/2015 12/22/2015 12/31/2015 0.20250 0.20250 - - - -
09/18/2015 09/22/2015 09/30/2015 0.17227 0.17227 - - - -
06/19/2015 06/23/2015 06/30/2015 0.17195 0.17195 - - - -
03/20/2015 03/24/2015 03/31/2015 0.19955 0.19955 - - - -
12/19/2014 12/23/2014 12/31/2014 0.17120 0.17120 - - - -
09/19/2014 09/23/2014 09/30/2014 0.15406 0.15406 - - - -
06/20/2014 06/24/2014 06/30/2014 0.21076 0.21076 - - - -
03/21/2014 03/25/2014 03/31/2014 0.07139 0.07139 - - - -
12/20/2013 12/24/2013 12/31/2013 0.14467 0.14467 - - - -
09/20/2013 09/24/2013 09/30/2013 0.13080 0.13080 - - - -
06/21/2013 06/25/2013 06/28/2013 0.23187 0.23187 - - - -
03/15/2013 03/19/2013 03/28/2013 0.02540 0.02540 - - - -
12/21/2012 12/26/2012 12/31/2012 0.47536 0.47536 - - - -
09/21/2012 09/25/2012 09/28/2012 0.22676 0.22676 - - - -
06/15/2012 06/19/2012 06/29/2012 0.11922 0.11922 - - - -
03/16/2012 03/20/2012 03/30/2012 0.04638 0.04638 - - - -
12/16/2011 12/20/2011 12/30/2011 0.19816 0.19816 - - - -
09/16/2011 09/20/2011 09/30/2011 0.09808 0.09808 - - - -
06/17/2011 06/21/2011 06/30/2011 0.05733 0.05733 - - - -
03/18/2011 03/22/2011 03/31/2011 0.07542 0.07542 - - - -
12/17/2010 12/21/2010 12/31/2010 0.31219 0.31219 - - - -
09/17/2010 09/21/2010 09/30/2010 0.16113 0.16113 - - - -
06/18/2010 06/22/2010 06/30/2010 0.08424 0.08424 - - - -
03/19/2010 03/23/2010 03/31/2010 0.02855 0.02855 - - - -
12/18/2009 12/22/2009 12/31/2009 0.12133 0.12133 - - - -
09/18/2009 09/22/2009 09/30/2009 0.09369 0.09369 - - - -
06/19/2009 06/23/2009 06/30/2009 0.10000 0.10000 - - - -
03/20/2009 03/24/2009 03/31/2009 0.06987 0.06987 - - - -
12/19/2008 12/23/2008 12/31/2008 0.15632 0.15632 - - - -
09/19/2008 09/23/2008 09/30/2008 0.12213 0.12213 - - - -
06/20/2008 06/24/2008 06/30/2008 0.12750 0.12750 - - - -
03/20/2008 03/25/2008 03/31/2008 0.01282 0.01282 - - - -
12/21/2007 12/26/2007 12/31/2007 0.15653 0.15653 - - - -
09/21/2007 09/25/2007 09/28/2007 0.09524 0.09524 - - - -
06/15/2007 06/19/2007 06/29/2007 0.21355 0.21355 - - - -
03/16/2007 03/20/2007 03/30/2007 0.06501 0.06501 - - - -
12/15/2006 12/19/2006 12/29/2006 0.16017 0.16017 - - - -
09/15/2006 09/19/2006 09/29/2006 0.04994 0.04994 - - - -
06/16/2006 06/20/2006 06/30/2006 0.04868 0.04868 - - - -
03/17/2006 03/21/2006 03/31/2006 0.04452 0.04452 - - - -
12/16/2005 12/20/2005 12/30/2005 0.13055 0.13055 - - - -
09/16/2005 09/20/2005 09/30/2005 0.04739 0.04739 - - - -
06/17/2005 06/21/2005 06/30/2005 0.10797 0.10797 - - - -
03/18/2005 03/22/2005 04/29/2005 0.02900 0.02900 - - - -
12/17/2004 12/21/2004 01/31/2005 0.08784 0.08784 - - - -
09/17/2004 09/21/2004 10/29/2004 0.03096 0.03096 - - - -
06/18/2004 06/22/2004 07/30/2004 0.07211 0.07211 - - - -
03/19/2004 03/23/2004 04/30/2004 0.05300 0.05300 - - - -
12/24/2003 12/29/2003 01/30/2004 0.03646 0.03646 - - - -
09/19/2003 09/23/2003 10/31/2003 0.04418 0.04418 - - - -
06/20/2003 06/24/2003 07/31/2003 0.04212 0.04212 - - - -

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%
12/31/2023 63 20 1 0 0 0 0
09/30/2023 63 30 0 0 0 0 0
06/30/2023 62 25 0 0 0 0 0
03/31/2023 62 13 0 0 0 0 0
Year Ended 2023 250 88 1 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%
12/31/2023 63 41 1 0 0 0 0
09/30/2023 63 33 0 0 0 0 0
06/30/2023 62 37 0 0 0 0 0
03/31/2023 62 49 0 0 0 0 0
Year Ended 2023 250 160 1 0 0 0 0

Fund Inception : 05/01/2003

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.

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

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

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 constituents of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

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.

There is no assurance that targeting exposure to certain factors will enhance the performance over time, and targeting exposure to certain factors may detract from performance in some market environments. There are no guarantees the specific factor exposures will be achieved.

Dynamic Market Intellidex Index is a modified equal dollar weighted index composed of 100 stocks selected quarterly from the universe of the two thousand largest stocks by market capitalization based on ICE's proprietary quantitative method. 

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

“Bloomberg®” and the indices licensed herein (the “Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Invesco Capital Management LLC (the “Licensee”). Bloomberg is not affiliated with the Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the “Financial Products”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.

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.