Product Details
The Invesco S&P 500® Quality ETF (Fund) is based on the S&P 500® Quality Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500® Index that have the highest quality score, which is calculated based on three fundamental measures, return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.
Factor DNATM
Financial Professionals - Log in to view the fund’s Factor DNATM chart
Source: Axioma, Inc.
Factor score methodology
Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.
The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.
The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.
See notes below for factor definitions.
Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.
Factor DNATM
Financial Professionals - Log in to view the fund’s Factor DNATM chart
Factor score methodology
Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.
The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.
The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.
See notes below for factor definitions.
Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.
Morningstar Rating ™
Overall Rating - Large Blend CategoryAs of 10/31/2023 the Fund had an overall rating of 5 stars out of 1298 funds and was rated 4 stars out of 1298 funds, 5 stars out of 1188 funds and 5 stars out of 885 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 500 Quality Index | 12.05 | 14.07 | 11.40 | 11.83 | N/A | N/A |
| S&P 500 Index | 10.69 | 10.14 | 10.36 | 11.01 | 11.18 | 9.08 |
| Fund History (%) | ||||||
| Fund NAV | 11.90 | 13.90 | 11.22 | 11.67 | 11.47 | 8.01 |
| After Tax Held | 11.36 | 13.21 | 10.73 | 11.18 | 10.98 | 7.69 |
| After Tax Sold | 7.04 | 8.31 | 8.65 | 9.19 | 9.39 | 6.70 |
| Fund Market Price | 11.98 | 13.87 | 11.31 | 11.66 | 11.45 | 7.99 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| S&P 500 Quality Index | 15.16 | 28.27 | 10.84 | 10.81 | N/A | N/A |
| S&P 500 Index | 13.07 | 21.62 | 10.15 | 9.92 | 11.91 | 9.26 |
| Fund History (%) | ||||||
| Fund NAV | 15.00 | 28.05 | 10.65 | 10.65 | 12.25 | 8.22 |
| After Tax Held | 14.45 | 27.28 | 10.16 | 10.17 | 11.76 | 7.89 |
| After Tax Sold | 8.87 | 16.68 | 8.19 | 8.34 | 10.08 | 6.88 |
| Fund Market Price | 15.13 | 27.71 | 10.60 | 10.67 | 12.27 | 8.19 |
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.
S&P 500 High Quality Rankings Index* performance prior to 6/30/2010 reflects that of the original Underlying Index Value Line Timeliness Select Index. From 6/30/2010 to 3/18/2016, Index performance reflects that of the previous Underlying Index, S&P 500 High Quality Rankings Index. From 3/18/2016 forward, the Index performance reflects that of the Underlying Index, S&P 500 Quality Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.
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 |
|---|---|
| Information Technology | 32.68% |
| Health Care | 17.90% |
| Energy | 11.09% |
| Financials | 10.60% |
| Industrials | 10.47% |
| Consumer Staples | 5.67% |
| Communication Services | 5.05% |
| Consumer Discretionary | 3.24% |
| Materials | 2.81% |
| Real Estate | 0.57% |
Market Cap & Style Allocations
| Large-Cap Value | 19.91% |
| Large-Cap Blend | 30.60% |
| Large-Cap Growth | 36.06% |
| Mid-Cap Value | 2.82% |
| Mid-Cap Blend | 8.02% |
| Mid-Cap Growth | 2.52% |
| Small-Cap Value | 0.06% |
| Small-Cap Blend | - |
| Small-Cap Growth | - |
as of 12/05/2023 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| NVDA | NVIDIA Corp | 5.83 |
| MSFT | Microsoft Corp | 5.41 |
| MA | Mastercard Inc | 5.17 |
| AAPL | Apple Inc | 5.11 |
| GOOG | Alphabet Inc | 5.05 |
| AVGO | Broadcom Inc | 4.67 |
| V | Visa Inc | 4.50 |
| XOM | Exxon Mobil Corp | 4.14 |
| ADBE | Adobe Inc | 3.30 |
| PG | Procter & Gamble Co/The | 3.08 |
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 | 0.18253 | 0.18253 | - | - | - | - |
| 06/20/2023 | 06/21/2023 | 06/23/2023 | 0.19073 | 0.19073 | - | - | - | - |
| 03/20/2023 | 03/21/2023 | 03/24/2023 | 0.20013 | 0.20013 | - | - | - | - |
| 12/19/2022 | 12/20/2022 | 12/23/2022 | 0.23456 | 0.23456 | - | - | - | - |
| 09/19/2022 | 09/20/2022 | 09/23/2022 | 0.20673 | 0.20673 | - | - | - | - |
| 06/21/2022 | 06/22/2022 | 06/30/2022 | 0.20065 | 0.20065 | - | - | - | - |
| 03/21/2022 | 03/22/2022 | 03/31/2022 | 0.17276 | 0.17276 | - | - | - | - |
| 12/20/2021 | 12/21/2021 | 12/31/2021 | 0.17199 | 0.17199 | - | - | - | - |
| 09/20/2021 | 09/21/2021 | 09/30/2021 | 0.17302 | 0.17302 | - | - | - | - |
| 06/21/2021 | 06/22/2021 | 06/30/2021 | 0.14260 | 0.14260 | - | - | - | - |
| 03/22/2021 | 03/23/2021 | 03/31/2021 | 0.14319 | 0.14319 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.17565 | 0.17565 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.14319 | 0.14319 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.16120 | 0.16120 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.17453 | 0.17453 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.17000 | 0.17000 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.15839 | 0.15839 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.14024 | 0.14024 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.08224 | 0.08224 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.14351 | 0.14351 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.16411 | 0.16411 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.11070 | 0.11070 | - | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.09754 | 0.09754 | - | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.16177 | 0.16177 | - | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.18730 | 0.18730 | - | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | 0.10719 | 0.10719 | - | - | - | - |
| 03/17/2017 | 03/21/2017 | 03/31/2017 | 0.02258 | 0.02258 | - | - | - | - |
| 12/16/2016 | 12/20/2016 | 12/30/2016 | 0.23181 | 0.23181 | - | - | - | - |
| 09/16/2016 | 09/20/2016 | 09/30/2016 | 0.09055 | 0.09055 | - | - | - | - |
| 06/17/2016 | 06/21/2016 | 06/30/2016 | 0.11273 | 0.11273 | - | - | - | - |
| 03/18/2016 | 03/22/2016 | 03/31/2016 | - | - | - | - | - | - |
| 12/18/2015 | 12/22/2015 | 12/31/2015 | 0.22675 | 0.22675 | - | - | - | - |
| 09/18/2015 | 09/22/2015 | 09/30/2015 | 0.11100 | 0.11100 | - | - | - | - |
| 06/19/2015 | 06/23/2015 | 06/30/2015 | 0.11986 | 0.11986 | - | - | - | - |
| 03/20/2015 | 03/24/2015 | 03/31/2015 | 0.07101 | 0.07101 | - | - | - | - |
| 12/19/2014 | 12/23/2014 | 12/31/2014 | 0.12495 | 0.12495 | - | - | - | - |
| 09/19/2014 | 09/23/2014 | 09/30/2014 | 0.09480 | 0.09480 | - | - | - | - |
| 06/20/2014 | 06/24/2014 | 06/30/2014 | 0.09728 | 0.09728 | - | - | - | - |
| 03/21/2014 | 03/25/2014 | 03/31/2014 | 0.06869 | 0.06869 | - | - | - | - |
| 12/20/2013 | 12/24/2013 | 12/31/2013 | 0.10653 | 0.10653 | - | - | - | - |
| 09/20/2013 | 09/24/2013 | 09/30/2013 | 0.07948 | 0.07948 | - | - | - | - |
| 06/21/2013 | 06/25/2013 | 06/28/2013 | 0.10234 | 0.10234 | - | - | - | - |
| 03/15/2013 | 03/19/2013 | 03/28/2013 | 0.05915 | 0.05915 | - | - | - | - |
| 12/21/2012 | 12/26/2012 | 12/31/2012 | 0.09781 | 0.09781 | - | - | - | - |
| 09/21/2012 | 09/25/2012 | 09/28/2012 | 0.07112 | 0.07112 | - | - | - | - |
| 06/15/2012 | 06/19/2012 | 06/29/2012 | 0.07951 | 0.07951 | - | - | - | - |
| 03/16/2012 | 03/20/2012 | 03/30/2012 | 0.06167 | 0.06167 | - | - | - | - |
| 12/16/2011 | 12/20/2011 | 12/30/2011 | 0.06441 | 0.06441 | - | - | - | - |
| 09/16/2011 | 09/20/2011 | 09/30/2011 | 0.05889 | 0.05889 | - | - | - | - |
| 06/17/2011 | 06/21/2011 | 06/30/2011 | 0.12334 | 0.12334 | - | - | - | - |
| 12/17/2010 | 12/21/2010 | 12/31/2010 | 0.07952 | 0.07952 | - | - | - | - |
| 06/19/2009 | 06/23/2009 | 06/30/2009 | 0.03349 | 0.03349 | - | - | - | - |
| 12/19/2008 | 12/23/2008 | 12/31/2008 | 0.01080 | 0.01080 | - | - | - | - |
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 | 44 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2023 | 62 | 38 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 23 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 33 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 117 | 12 | 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% |
| 09/30/2023 | 63 | 19 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2023 | 62 | 24 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 39 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 30 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 105 | 16 | 0 | 0 | 0 | 0 |
Fund Inception : 12/06/2005
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 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 sector, such as information technology, 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 in the Investment Company Act of 1940 (the “1940 Act”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Index.
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.
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).
© 2021 Axioma, Inc. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Axioma; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute financial, investment, or legal advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Axioma is not responsible for any trading decisions, damages or other losses related to the Information or its use. Information should be verified before use and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
United States
Canada (English)
United Kingdom
Isle of Man
Jersey
Guernsey
Australia
China
Hong Kong
Japan
Taiwan
Europe
Dubai