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Invesco S&P 500 QVM Multi-factor ETF

Ticker: QVML

Product Details

The Invesco S&P 500 QVM Multi-factor ETF (Fund) is based on the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of a subset of securities from the S&P 500® Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December.

as of 05/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Quality, Value & Momentum Top 90% Multi-factor Total Return Index (USD) 12.82 29.32 10.34 N/A N/A 9.64
S&P 500 Index 11.30 28.19 9.57 15.80 12.69 8.99
Fund History (%)
Fund NAV 12.79 29.17 N/A N/A N/A 9.52
After Tax Held 12.64 28.66 N/A N/A N/A 9.12
After Tax Sold 7.57 17.43 N/A N/A N/A 7.30
Fund Market Price 12.67 29.04 N/A N/A N/A 9.48
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Quality, Value & Momentum Top 90% Multi-factor Total Return Index (USD) 12.04 29.75 N/A N/A N/A 9.98
S&P 500 Index 10.56 29.88 11.49 15.05 12.96 9.29
Fund History (%)
Fund NAV 12.03 29.62 N/A N/A N/A 9.85
After Tax Held 11.89 29.11 N/A N/A N/A 9.43
After Tax Sold 7.12 17.71 N/A N/A N/A 7.55
Fund Market Price 11.99 29.56 N/A N/A N/A 9.84

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

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 03/31/2024

Growth of $10,000

Data beginning Fund inception and ending 03/31/2024. 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 06/21/2024

Sector Allocation

Sector Percent of Fund
Information Technology 32.55%
Financials 13.49%
Health Care 11.08%
Communication Services 9.78%
Industrials 8.38%
Consumer Discretionary 8.18%
Consumer Staples 5.99%
Energy 4.09%
Utilities 2.50%
Materials 2.19%
Real Estate 1.76%
as of 06/18/2024

Market Cap & Style Allocations

Large-Cap Value 12.93%
Large-Cap Blend 30.25%
Large-Cap Growth 40.42%
Mid-Cap Value 5.50%
Mid-Cap Blend 7.91%
Mid-Cap Growth 2.64%
Small-Cap Value 0.17%
Small-Cap Blend 0.14%
Small-Cap Growth 0.03%

as of 06/21/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
MSFT Microsoft Corp 7.53
NVDA NVIDIA Corp 6.55
AAPL Apple Inc 6.50
GOOG Alphabet Inc 4.50
AMZN Amazon.com Inc 3.90
META Meta Platforms Inc 2.39
BRK/B Berkshire Hathaway Inc 1.81
LLY Eli Lilly & Co 1.60
AVGO Broadcom Inc 1.55
JPM JPMorgan Chase & Co 1.44

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
06/24/2024 06/24/2024 06/28/2024 0.09059 0.09059 - - - -
03/18/2024 03/19/2024 03/22/2024 0.09707 0.09707 - - - -
12/18/2023 12/19/2023 12/22/2023 0.10184 0.10184 - - - -
09/18/2023 09/19/2023 09/22/2023 0.09194 0.09194 - - - -
06/20/2023 06/21/2023 06/23/2023 0.09931 0.09931 - - - -
03/20/2023 03/21/2023 03/24/2023 0.10281 0.10281 - - - -
12/19/2022 12/20/2022 12/23/2022 0.10263 0.10263 - - - -
09/19/2022 09/20/2022 09/23/2022 0.10144 0.10144 - - - -
06/21/2022 06/22/2022 06/30/2022 0.10104 0.10104 - - - -
03/21/2022 03/22/2022 03/31/2022 0.09113 0.09113 - - - -
12/20/2021 12/21/2021 12/31/2021 0.10402 0.10402 - - - -
09/20/2021 09/21/2021 09/30/2021 0.07042 0.07042 - - - -

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%
03/31/2024 61 28 0 9 5 0 0
12/31/2023 63 32 0 1 0 0 0
09/30/2023 63 42 0 0 0 0 0
06/30/2023 62 35 0 0 0 0 0
Year Ended 2023 250 135 0 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%
03/31/2024 61 17 2 0 0 0 0
12/31/2023 63 30 0 0 0 0 0
09/30/2023 63 21 0 0 0 0 0
06/30/2023 62 27 0 0 0 0 0
Year Ended 2023 250 114 0 0 0 0 0

Fund Inception : 06/30/2021

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 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 Underlying Index, and thus the Fund, seeks to achieve specific factor exposures to securities in the Parent Index, as identified in the Fund’s principal investment strategies. There can be no assurance that targeting exposure to such factors will enhance the Fund’s performance over time and targeting exposure to certain factors may detract from performance in some market environments. There is no guarantee the Underlying Index methodology will achieve the specific factor exposures identified.

Companies that issue quality stocks may experience lower than expected returns or may experience negative growth, as well as increased leverage, resulting in lower than expected or negative returns to Fund shareholders.

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.

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.

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

The Fund is non-diversified and may experience greater volatility than a more diversified investment. 

An investment cannot be made into an index.

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

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).