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.
Performance
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 | 20.80 | 13.84 | 9.76 | 12.51 | 11.82 | 10.27 |
Dynamic Market Intellidex Index | 13.85 | 5.14 | 6.94 | 5.63 | 7.66 | 9.26 |
Fund History (%) | ||||||
Fund NAV | 12.55 | 3.99 | 6.07 | 4.83 | 6.88 | 8.53 |
After Tax Held | 12.18 | 3.43 | 5.77 | 4.52 | 6.57 | 8.29 |
After Tax Sold | 7.37 | 2.40 | 4.62 | 3.69 | 5.49 | 7.32 |
Fund Market Price | 12.72 | 4.15 | 6.11 | 4.85 | 6.88 | 8.53 |
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 | 13.07 | 21.62 | 10.15 | 9.92 | 11.91 | 10.00 |
Dynamic Market Intellidex Index | 7.94 | 18.47 | 7.66 | 2.70 | 8.24 | 9.06 |
Fund History (%) | ||||||
Fund NAV | 6.78 | 17.07 | 6.75 | 1.90 | 7.45 | 8.32 |
After Tax Held | 6.43 | 16.58 | 6.47 | 1.60 | 7.13 | 8.08 |
After Tax Sold | 3.96 | 10.27 | 5.18 | 1.40 | 5.98 | 7.13 |
Fund Market Price | 6.94 | 16.75 | 6.70 | 1.90 | 7.46 | 8.33 |
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.
Growth of $10,000
Data beginning 10 years prior to the ending date of 09/30/2023. 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.
Sector Allocation
Sector | Percent of Fund |
---|---|
Industrials | 17.20% |
Financials | 15.21% |
Health Care | 13.42% |
Information Technology | 9.55% |
Consumer Discretionary | 8.16% |
Communication Services | 6.98% |
Consumer Staples | 6.95% |
Real Estate | 5.95% |
Utilities | 5.76% |
Materials | 5.47% |
Energy | 5.35% |
Market Cap & Style Allocations
Large-Cap Value | 16.25% |
Large-Cap Blend | 25.76% |
Large-Cap Growth | 3.64% |
Mid-Cap Value | 19.37% |
Mid-Cap Blend | 34.98% |
Mid-Cap Growth | - |
Small-Cap Value | - |
Small-Cap Blend | - |
Small-Cap Growth | - |
as of 12/08/2023 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
PHM | PulteGroup Inc | 2.32 |
CAH | Cardinal Health Inc | 2.20 |
SPG | Simon Property Group Inc | 2.19 |
BLDR | Builders FirstSource Inc | 2.11 |
STLA | Stellantis NV | 2.11 |
NTAP | NetApp Inc | 2.10 |
IBM | International Business Machines Corp | 2.06 |
SYF | Synchrony Financial | 2.06 |
AXP | American Express Co | 2.01 |
PCAR | PACCAR Inc | 2.00 |
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 |
---|---|---|---|---|---|---|---|---|
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 | - | - | - | - |
Distribution Information
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
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% |
09/30/2023 | 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 |
12/31/2022 | 63 | 24 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 100 | 14 | 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% |
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 |
12/31/2022 | 63 | 38 | 0 | 1 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 122 | 14 | 1 | 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.
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.
Fund Documents
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.