IMFI - Invesco Multi-Factor Income ETF

Fixed Income - US Fixed Income

Product Details

The Invesco Multi-Factor Income ETF (Fund) is based on the Invesco Multi-Factor Income Index (Index). The Fund generally will invest at least 80% of its total assets in securities that comprise the Index, which is designed to provide multi-factor exposure to fixed income securities in the following weights: 25% in mortgage-backed securities, 25% higher-quality US investment grade, 25% high yield, and 25% emerging markets debt. Each underlying segment has its own eligibility criteria for assessing value and quality factors or characteristics. The Fund does not purchase all the securities in the Index; instead, it utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and Index are rebalanced monthly.

as of 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Multi-Factor Income Index 9.54 10.50 N/A N/A N/A 10.15
Bloomberg Barclays U.S. Aggregate Bond Index 8.79 10.79 4.10 3.08 3.59 10.06
Fund History (%)
Fund NAV 8.57 N/A N/A N/A N/A 9.10
After Tax Held 6.98 N/A N/A N/A N/A 7.38
After Tax Sold 5.04 N/A N/A N/A N/A 5.35
Fund Market Price 8.73 N/A N/A N/A N/A 10.22
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Multi-Factor Income Index 8.90 9.35 N/A N/A N/A 9.51
Bloomberg Barclays U.S. Aggregate Bond Index 8.52 10.30 2.92 3.38 3.75 9.78
Fund History (%)
Fund NAV 8.03 N/A N/A N/A N/A 8.55
After Tax Held 6.71 N/A N/A N/A N/A 7.11
After Tax Sold 4.73 N/A N/A N/A N/A 5.04
Fund Market Price 7.94 N/A N/A N/A N/A 9.42

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. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of

Growth of $10,000

Data beginning Fund inception and ending {G10KEndDate}. 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.

Quality Allocations as of 12/06/2019

Rating % of Fund
AAA N/A
AA+ N/A
AA N/A
AA- N/A
A+ N/A
A N/A
A- N/A
BBB+ N/A
BBB N/A
BBB- N/A
BB+ N/A
BB N/A
BB- N/A
B+ N/A
B N/A

Cash is excluded from the credit rating quality allocations table.

as of 12/06/2019

Maturity

Years % of Fund
0 - 1 years 0.00
1 - 5 years 41.55
5 - 10 years 33.74
10 - 15 years 0.00
15 - 20 years 0.00
20 - 25 years 0.26
25 years and over 24.45

as of 12/06/2019 Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date S&P / Moody's Rating† Weight
Freddie Mac Gold Pool 4.50% 08/01/2048 N/A AA+u/Aaa 0.89%
Fannie Mae Pool 4.50% 06/01/2048 N/A AA+u/Aaa 0.75%
Fannie Mae Pool 3.00% 08/01/2049 N/A AA+u/Aaa 0.72%
Fannie Mae Pool 3.50% 11/01/2048 N/A AA+u/Aaa 0.69%
MDGH - GMTN BV 5.50% 03/01/2022 N/A AA/Aa2 0.65%
Brazilian Government International Bond 6.00% 04/07/2026 N/A BB-/Ba2 0.56%
Perusahaan Listrik Negara PT 5.45% 05/21/2028 N/A NR/Baa2 0.56%
Indonesia Government International Bond 5.88% 01/15/2024 N/A BBB/Baa2 0.55%
Hungary Government International Bond 5.75% 11/22/2023 N/A BBB/Baa3 0.55%
Russian Foreign Bond - Eurobond 4.88% 09/16/2023 N/A BBB-/Baa3 0.53%

Holdings are subject to change and are not buy/sell recommendations.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
11/18/2019 11/19/2019 11/29/2019 0.07925 0.07925 - - -
10/21/2019 10/22/2019 10/31/2019 0.08265 0.08265 - - -
09/23/2019 09/24/2019 09/30/2019 0.07694 0.07694 - - -
08/19/2019 08/20/2019 08/30/2019 0.08203 0.08203 - - -
07/22/2019 07/23/2019 07/31/2019 0.08837 0.08837 - - -
06/24/2019 06/25/2019 06/28/2019 0.08483 0.08483 - - -
05/20/2019 05/21/2019 05/31/2019 0.08864 0.08864 - - -
04/22/2019 04/23/2019 04/30/2019 0.08541 0.08541 - - -
03/18/2019 03/19/2019 03/29/2019 0.09138 0.09138 - - -
02/19/2019 02/20/2019 02/28/2019 0.08152 - - - -
01/22/2019 01/23/2019 01/31/2019 0.09601 0.09601 - - -
12/24/2018 12/26/2018 12/31/2018 0.06870 0.06870 - - -

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%
09/30/2019 64 45 5 0 0 0 0
03/31/2019 61 36 0 1 0 0 0
12/31/2018 17 4 0 0 0 0 0
Year Ended 2018 17 4 0 0 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%
09/30/2019 64 14 0 0 0 0 0
03/31/2019 61 24 0 0 0 0 0
12/31/2018 17 12 0 1 0 0 0
Year Ended 2018 17 12 0 1 0 0 0

Fund Inception : 12/06/2018

 Risk & Other Information

† Ratings are based on S&P, Moody's or Fitch, as applicable. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. If securities are rated differently by the rating agencies, the higher rating is applied. Credit ratings are based largely on the rating agency's investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. For more information on the rating methodology, please visit the following NRSRO websites: standardandpoors.com and select 'Understanding Ratings' under Rating Resources on the home page; moodys.com and select 'Rating Methodologies' under Research and Ratings on the home page; fitchratings.com and select 'Ratings Definitions' on the home page.

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 Funds 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.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Government obligors in emerging market countries are among the worlds largest debtors to commercial banks, other governments, international financial organizations and other financial instruments. Issuers of sovereign debt or the governmental authorities that control repayment may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of default. Without debt holder approval, some governmental debtors may be able to reschedule or restructure their debt payments or declare moratoria on payments.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuers credit rating.

Mortgage-backed securities are subject to prepayment or call risk, which is the risk that the borrowers payments may be received earlier than expected due to changes in prepayment rates on underlying loans. Securities may be prepaid at a price less than the original purchase value.

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

Non-investment grade securities may be subject to greater price volatility due to specific corporate developments, interest-rate sensitivity, negative perceptions of the market, adverse economic and competitive industry conditions and decreased market liquidity.

The Fund may invest in privately issued securities, including 144A securities which are restricted (i.e. not publicly traded). The liquidity market for Rule 144A securities may vary, as a result, delay or difficulty in selling such securities may result in a loss to the Fund.

The Funds use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the funds ability to recover should they default.

The Invesco Multi-Factor Income Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. (ETF distributor) are wholly owned, indirect subsidiaries of Invesco Ltd.

The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.

as of 12/06/2019
4:15 PM EST

IMFI
Intraday Stats

  • Last Trade $26.23
  • Current IIV $26.15
  • Change -$0.04
  • % Change -0.13%
as of 12/06/2019
  • NAV at market close $26.21
as of 12/06/2019

Prior Close

  • Closing Price $26.27
  • Bid/Ask Midpoint $26.23
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.08%

Fund Details

  • Fund Ticker IMFI
  • CUSIP # 46139W874
  • ISIN US46139W8745
  • Intraday NAV IMFIIV
  • Index Ticker IIMFINC
  • Index Provider Invesco Indexing
  • Management Fee 0.16%
  • Total Expense Ratio 0.16%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange Cboe BZX Exchange, Inc.
  • Inception Date 12/06/2018
  • # of Holdings 355
    as of 12/06/2019
as of 12/06/2019

Quick Facts

  • Previous Close $26.27
  • Open $26.26
  • Today's High $26.26
  • Today's Low $26.23
  • Today's Volume 2,005
  • 128 30-Day Avg Trading
    Volume
  • 52 Week High $26.49
  • 52 Week Low $24.89
  • Shares Outstanding 1.60MM
  • Market Value $41.9MM