The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600® Index having the highest “momentum scores,” calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index. The Fund and the Index are rebalanced and reconstituted semi-annually.
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|S&P SmallCap 600 Momentum Index||1.31||4.60||N/A||N/A||N/A||N/A|
|S&P SmallCap 600 Index||-14.48||-8.68||1.59||5.50||11.01||7.76|
|Russell 2000 Growth Index||0.27||6.00||8.77||7.49||12.58||8.79|
|Russell 2000 Pure Growth Index||11.74||13.92||13.39||10.52||N/A||N/A|
|Fund History (%)|
|After Tax Held||0.72||3.63||10.42||8.68||12.08||6.79|
|After Tax Sold||0.58||2.48||8.23||6.94||10.20||5.72|
|Fund Market Price||0.43||3.69||10.54||8.77||12.21||6.87|
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|S&P SmallCap 600 Momentum Index||-7.24||-1.69||N/A||N/A||N/A||N/A|
|S&P SmallCap 600 Index||-17.85||-11.29||0.56||4.48||11.24||7.52|
|Russell 2000 Growth Index||-3.06||3.48||7.86||6.86||12.92||8.60|
|Russell 2000 Pure Growth Index||4.77||7.16||11.17||9.55||N/A||N/A|
|Fund History (%)|
|After Tax Held||-7.75||-2.60||7.43||7.22||11.92||6.22|
|After Tax Sold||-4.43||-1.20||5.87||5.76||10.07||5.22|
|Fund Market Price||-7.52||-2.00||7.67||7.39||12.10||6.33|
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 06/30/2020. Fund performance shown at NAV.
S&P SmallCap 600 Momentum Index* performance prior to 6/16/2011 reflects that of the original Underlying Index, Dynamic Small Cap Growth Intellidex Index. From 6/16/2011 to 5/22/2015, performance reflects that of the previous Underlying Index, RAFI Fundamental Small Growth Index. From 5/22/2015 to 6/21/2019, performance reflects that of the previous Underlying Index, Russell 2000 Pure Growth Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, S&P SmallCap 600 Momentum 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||Percent of Fund|
as of 08/10/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|KNSL||Kinsale Capital Group Inc||3.15|
|LAD||Lithia Motors Inc||2.48|
|SSD||Simpson Manufacturing Co Inc||2.42|
|MEDP||Medpace Holdings Inc||2.26|
|CCOI||Cogent Communications Holdings Inc||2.21|
|MNTA||Momenta Pharmaceuticals Inc||2.17|
|UFPI||UFP Industries Inc||2.11|
|MTH||Meritage Homes Corp||2.10|
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 sector, such as health care, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
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.
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 constitutes 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 Smallcap 600 Index seeks to measure the small-cap segment of the U.S. equity market.
The Russell 2000® Pure Growth Index is an unmanaged index considered representative of small-cap growth stocks.
The Russell 2000® Index is an unmanaged index considered representative of the small-cap segment of the US equity universe. The Russell 2000® Growth Index is an unmanaged index considered representative of small-cap growth stocks. The Russell 2000® Pure Growth Index is composed of securities with strong growth characteristics selected from the Russell 2000® Index. Russell is a trademark/service marks of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. Dynamic Small Cap Growth IntellidexSM Index seeks to provide capital appreciation while maintaining consistent and accurate style exposure. The RAFI Fundamental Small Growth Index is composed of common stocks of small growth US companies based on fundamental weight.
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).
The Russell 2000® Pure Growth Index,the Russell 2000 Value Index and the Russell 2000 Index are trademarks/service marks of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. They have been licensed for use by Invesco. The Product is not sponsored,
endorsed, sold or promoted by Frank Russell Company
and Frank Russell Company makes no representation
regarding the advisability of investing in the Product.
The RAFI Fundamental Small Growth Index is calculated by Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones Indexes" is a service mark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The Index is not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones or their respective affiliates, and CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of investing in the Fund.
Neither CME Indexes nor Research Affiliates, LLC make any warranties, express or implied, to any of their customers nor anyone else regarding the accuracy or completeness of any data related to the Index. Neither CME Indexes nor Research Affiliates, LLC accept any liability for any errors or any loss arising from the use of this information.
The trade names Fundamental Index®, RAFI®, the RAFI logo, and the Research Affiliates corporate name and logo are registered trademarks and are the exclusive intellectual property of Research Affiliates, LLC. Any use of these trade names and logos without the prior written permission of Research Affiliates, LLC is expressly prohibited. Research Affiliates, LLC reserves the right to take any and all necessary action to preserve all of its rights, title and interest in and to these marks.
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.