Product Details
The Invesco S&P MidCap 400 Revenue ETF (Fund) is based on the S&P MidCap 400® Revenue-Weighted Index (Index). The Fund will invest at least 90% of its total assets in securities of mid-capitalization companies in the Index. The Index is constructed using a rules-based approach that re-weights securities of the S&P MidCap 400® Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Fund and Index are rebalanced quarterly.
Morningstar Rating ™
Overall Rating - Mid-Cap Value CategoryAs of 08/31/2023 the Fund had an overall rating of 4 stars out of 379 funds and was rated 5 stars out of 379 funds, 4 stars out of 363 funds and 4 stars out of 270 funds for the 3-, 5- and 10- year periods, respectively.
Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2023 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
S&P MidCap 400 Revenue-Weighted Total Return Index (USD) | 15.53 | 18.88 | 21.96 | 10.53 | 11.32 | 11.02 |
S&P MidCap 400 Index | 10.06 | 10.71 | 12.83 | 6.97 | 10.09 | 9.65 |
Fund History (%) | ||||||
Fund NAV | 15.29 | 18.51 | 21.55 | 10.18 | 10.85 | 10.44 |
After Tax Held | 15.00 | 18.04 | 21.20 | 9.84 | 10.54 | 10.15 |
After Tax Sold | 9.04 | 11.03 | 17.02 | 7.98 | 8.91 | 8.84 |
Fund Market Price | 15.28 | 18.46 | 21.53 | 10.19 | 10.86 | 10.44 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
S&P MidCap 400 Revenue-Weighted Total Return Index (USD) | 12.64 | 24.60 | 24.77 | 11.13 | 11.45 | 10.96 |
S&P MidCap 400 Index | 8.84 | 17.61 | 15.44 | 7.79 | 10.21 | 9.68 |
Fund History (%) | ||||||
Fund NAV | 12.46 | 24.22 | 24.36 | 10.78 | 10.99 | 10.38 |
After Tax Held | 12.18 | 23.72 | 23.99 | 10.44 | 10.67 | 10.09 |
After Tax Sold | 7.37 | 14.42 | 19.34 | 8.47 | 9.02 | 8.78 |
Fund Market Price | 12.49 | 24.37 | 24.49 | 10.80 | 10.97 | 10.38 |
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 the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund.
Growth of $10,000
Data beginning 10 years prior to the ending date of 06/30/2023. 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.
Sector Allocation
Sector | Percent of Fund |
---|---|
Consumer Discretionary | 22.15% |
Industrials | 19.16% |
Information Technology | 11.76% |
Financials | 10.81% |
Consumer Staples | 9.45% |
Materials | 9.20% |
Energy | 7.08% |
Health Care | 4.19% |
Utilities | 2.89% |
Real Estate | 2.11% |
Communication Services | 1.09% |
Cash | 0.12% |
Market Cap & Style Allocations
Large-Cap Value | - |
Large-Cap Blend | 0.20% |
Large-Cap Growth | - |
Mid-Cap Value | 17.28% |
Mid-Cap Blend | 14.98% |
Mid-Cap Growth | 9.98% |
Small-Cap Value | 28.96% |
Small-Cap Blend | 22.19% |
Small-Cap Growth | 6.42% |
as of 09/21/2023 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
SNX | TD SYNNEX Corp | 2.87 |
PFGC | Performance Food Group Co | 2.69 |
PBF | PBF Energy Inc | 1.94 |
ARW | Arrow Electronics Inc | 1.66 |
USFD | US Foods Holding Corp | 1.66 |
JBL | Jabil Inc | 1.60 |
DINO | HF Sinclair Corp | 1.57 |
LAD | Lithia Motors Inc | 1.37 |
PAG | Penske Automotive Group Inc | 1.33 |
AN | AutoNation Inc | 1.23 |
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 | 0.24214 | 0.24214 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.30392 | 0.30392 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.27036 | 0.27036 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.22354 | 0.22354 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.26516 | 0.26516 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.29300 | 0.29300 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.23015 | 0.23015 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.19731 | 0.19731 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.27112 | 0.27112 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.16780 | 0.16780 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.17068 | 0.17068 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.15301 | 0.15301 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.14334 | 0.14334 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.16801 | 0.16801 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.21558 | 0.21558 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.24764 | 0.24764 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.19914 | 0.19914 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.16280 | 0.16280 | - | - | - | - |
03/19/2019 | 03/20/2019 | 03/21/2019 | 0.09858 | 0.09858 | - | - | - | - |
12/26/2018 | 12/27/2018 | 12/28/2018 | 0.20881 | 0.20881 | - | - | - | - |
09/25/2018 | 09/26/2018 | 09/27/2018 | 0.16251 | 0.16251 | - | - | - | - |
06/19/2018 | 06/20/2018 | 06/21/2018 | 0.14998 | 0.14998 | - | - | - | - |
03/16/2018 | 03/17/2018 | 03/20/2018 | 0.10530 | 0.10530 | - | - | - | - |
12/28/2017 | 12/29/2017 | 01/02/2018 | 0.17847 | 0.17847 | - | - | - | - |
10/03/2017 | 10/04/2017 | 10/06/2017 | 0.15589 | 0.15589 | - | - | - | - |
04/04/2017 | 04/05/2017 | 04/10/2017 | 0.11454 | 0.11454 | - | - | - | - |
12/28/2016 | 12/29/2016 | 01/04/2017 | 0.30368 | 0.30368 | - | - | - | - |
10/04/2016 | 10/05/2016 | 10/11/2016 | 0.16717 | 0.16717 | - | - | - | - |
07/05/2016 | 07/06/2016 | 07/11/2016 | 0.07972 | 0.07972 | - | - | - | - |
04/04/2016 | 04/05/2016 | 04/08/2016 | 0.15280 | 0.15280 | - | - | - | - |
12/29/2015 | 12/30/2015 | 01/04/2016 | 0.10467 | 0.10467 | - | - | - | - |
10/05/2015 | 10/06/2015 | 10/09/2015 | 0.10904 | 0.10904 | - | - | - | - |
07/06/2015 | 07/07/2015 | 07/10/2015 | 0.09616 | 0.09616 | - | - | - | - |
04/02/2015 | 04/03/2015 | 04/09/2015 | 0.10551 | 0.10551 | - | - | - | - |
12/29/2014 | 12/30/2014 | 01/05/2015 | 0.28543 | 0.11610 | - | 0.16933 | - | - |
10/03/2014 | 10/04/2014 | 10/09/2014 | 0.08539 | 0.08539 | - | - | - | - |
07/03/2014 | 07/04/2014 | 07/10/2014 | 0.08317 | 0.08317 | - | - | - | - |
04/02/2014 | 04/03/2014 | 04/08/2014 | 0.04791 | 0.04791 | - | - | - | - |
12/27/2013 | 12/28/2013 | 01/03/2014 | 0.34639 | 0.13108 | - | 0.21531 | - | - |
10/03/2013 | 10/04/2013 | 10/09/2013 | 0.07308 | 0.07308 | - | - | - | - |
07/03/2013 | 07/04/2013 | 07/10/2013 | 0.08479 | 0.08479 | - | - | - | - |
04/03/2013 | 04/04/2013 | 04/09/2013 | 0.07168 | 0.07168 | - | - | - | - |
12/27/2012 | 12/28/2012 | 01/04/2013 | 0.28520 | 0.14773 | - | 0.13747 | - | - |
10/03/2012 | 10/04/2012 | 10/09/2012 | 0.03262 | 0.03262 | - | - | - | - |
07/06/2012 | 07/07/2012 | 07/12/2012 | 0.05537 | 0.05537 | - | - | - | - |
04/04/2012 | 04/05/2012 | 04/11/2012 | 0.05178 | 0.05178 | - | - | - | - |
12/28/2011 | 12/29/2011 | 01/06/2012 | 0.73971 | 0.32438 | - | 0.41533 | - | - |
10/04/2011 | 10/05/2011 | 10/11/2011 | 0.05188 | 0.05188 | - | - | - | - |
07/05/2011 | 07/06/2011 | 07/11/2011 | 0.04094 | 0.04094 | - | - | - | - |
04/04/2011 | 04/05/2011 | 04/08/2011 | 0.03939 | 0.03939 | - | - | - | - |
12/29/2010 | 12/30/2010 | 01/07/2011 | 0.05294 | 0.05294 | - | - | - | - |
10/04/2010 | 10/05/2010 | 10/08/2010 | 0.04204 | 0.04204 | - | - | - | - |
07/02/2010 | 07/03/2010 | 07/09/2010 | 0.03524 | 0.03524 | - | - | - | - |
04/05/2010 | 04/06/2010 | 04/09/2010 | 0.03823 | 0.03823 | - | - | - | - |
12/29/2009 | 12/30/2009 | 01/07/2010 | 0.05559 | 0.05559 | - | - | - | - |
10/02/2009 | 10/03/2009 | 10/08/2009 | 0.02739 | 0.02739 | - | - | - | - |
07/02/2009 | 07/03/2009 | 07/09/2009 | 0.02559 | 0.02559 | - | - | - | - |
04/02/2009 | 04/03/2009 | 04/08/2009 | 0.04411 | 0.04411 | - | - | - | - |
12/29/2008 | 12/30/2008 | 01/09/2009 | 0.05434 | 0.05434 | - | - | - | - |
10/02/2008 | 10/03/2008 | 10/08/2008 | 0.09466 | 0.09466 | - | - | - | - |
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% |
06/30/2023 | 62 | 38 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 35 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 31 | 0 | 0 | 1 | 0 | 0 |
09/30/2022 | 64 | 27 | 8 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 114 | 17 | 0 | 1 | 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% |
06/30/2023 | 62 | 24 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 27 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 29 | 2 | 0 | 0 | 0 | 0 |
09/30/2022 | 64 | 26 | 3 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 104 | 15 | 0 | 0 | 0 | 0 |
Fund Inception : 02/20/2008
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.
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.
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 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.
The S&P Midcap 400® Index is an unmanaged index considered representative of mid-sized US companies.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
The S&P MidCap 400® Revenue-Weighted Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates ("SPDJI"), and has been licensed for use by Invesco Capital Management LLC Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); the Invesco S&P MidCap 400 Revenue ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P MidCap 400 Revenue-Weighted Index.