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Invesco S&P MidCap 400 QVM Multi-factor ETF

Ticker: QVMM
How to invest

Product Details

The Invesco S&P MidCap 400 QVM Multi-factor ETF (Fund) is based on the S&P MIdCap 400 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 MidCap 400® 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 10/31/2022 09/30/2022

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Total Return Index (USD) -12.93 -10.79 N/A N/A N/A -5.78
S&P MidCap 400 Index -13.27 -11.54 9.20 7.47 11.23 -6.05
Fund History (%)
Fund NAV -13.02 -10.92 N/A N/A N/A -5.88
After Tax Held -13.44 -11.44 N/A N/A N/A -6.34
After Tax Sold -7.71 -6.42 N/A N/A N/A -4.61
Fund Market Price -13.20 -10.84 N/A N/A N/A -5.87
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P MidCap 400 Quality, Value & Momentum Top 90% Multi-factor Total Return Index (USD) -21.47 -14.90 N/A N/A N/A -13.59
S&P MidCap 400 Index -21.52 -15.25 6.01 5.82 10.04 -13.63
Fund History (%)
Fund NAV -21.52 -14.98 N/A N/A N/A -13.66
After Tax Held -21.90 -15.47 N/A N/A N/A -14.11
After Tax Sold -12.72 -8.78 N/A N/A N/A -10.47
Fund Market Price -21.59 -15.02 N/A N/A N/A -13.58

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 11/30/2022

Sector Allocation

Sector Percent of Fund
Industrials 20.06%
Financials 16.28%
Consumer Discretionary 14.49%
Information Technology 11.79%
Health Care 8.40%
Real Estate 8.17%
Materials 7.91%
Utilities 4.25%
Consumer Staples 3.65%
Energy 3.64%
Communication Services 1.38%
as of 11/29/2022

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend 0.40%
Large-Cap Growth -
Mid-Cap Value 12.97%
Mid-Cap Blend 23.44%
Mid-Cap Growth 12.21%
Small-Cap Value 17.22%
Small-Cap Blend 27.68%
Small-Cap Growth 6.09%

as of 11/30/2022 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
STLD Steel Dynamics Inc 0.95
FSLR First Solar Inc 0.82
CSL Carlisle Cos Inc 0.67
HUBB Hubbell Inc 0.66
RPM RPM International Inc 0.66
RS Reliance Steel & Aluminum Co 0.66
FHN First Horizon Corp 0.66
UTHR United Therapeutics Corp 0.65
AXON Axon Enterprise Inc 0.62
NBIX Neurocrine Biosciences Inc 0.61

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
09/19/2022 09/20/2022 09/23/2022 0.09742 0.09742 - - - -
06/21/2022 06/22/2022 06/30/2022 0.09156 0.09156 - - - -
03/21/2022 03/22/2022 03/31/2022 0.08407 0.08407 - - - -
12/20/2021 12/21/2021 12/31/2021 0.08510 0.08510 - - - -
09/20/2021 09/21/2021 09/30/2021 0.07200 0.07200 - - - -

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%
09/30/2022 64 30 7 0 0 0 0
06/30/2022 62 32 2 0 0 0 0
03/31/2022 62 33 7 0 0 0 0
12/31/2021 64 42 3 1 0 0 0
Year Ended 2021 129 88 6 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%
09/30/2022 64 26 1 0 0 0 0
06/30/2022 62 24 4 0 0 0 0
03/31/2022 62 21 1 0 0 0 0
12/31/2021 64 18 0 0 0 0 0
Year Ended 2021 129 32 2 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.

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

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 industry or sector 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. 

S&P MidCap 400 Index is designed to measure the performance of 400 mid-sized companies. 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).