OQAL - Invesco Russell 1000® Quality Factor ETF
Equity - US EquityProduct Details
The Invesco Russell 1000 Quality Factor ETF (the “Fund”) is based on the Russell 1000 Quality Factor Index (the “Index”). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights securities of the Russell 1000 Index with the highest quality characteristics based on turnover, accruals and leverage. The Fund and Index are reconstituted and rebalanced annually.
Performance
| YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception | |
|---|---|---|---|---|---|---|
| Index History (%) | ||||||
| Russell 1000 Quality Factor Index | 0.68 | 23.29 | 17.30 | N/A | N/A | 13.89 |
| Russell 1000 Index | 0.11 | 21.39 | 14.33 | 12.13 | 13.97 | 12.35 |
| Fund History (%) | ||||||
| Fund NAV | 0.66 | 22.89 | N/A | N/A | N/A | 13.60 |
| After Tax Held | 0.66 | 22.48 | N/A | N/A | N/A | 13.22 |
| After Tax Sold | 0.39 | 13.79 | N/A | N/A | N/A | 10.50 |
| Fund Market Price | 0.97 | 22.84 | N/A | N/A | N/A | 13.60 |
| YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception | |
|---|---|---|---|---|---|---|
| Index History (%) | ||||||
| Russell 1000 Quality Factor Index | 32.19 | 32.19 | 18.11 | N/A | N/A | 14.11 |
| Russell 1000 Index | 31.43 | 31.43 | 15.05 | 11.48 | 13.54 | 12.80 |
| Fund History (%) | ||||||
| Fund NAV | 31.76 | 31.76 | N/A | N/A | N/A | 13.81 |
| After Tax Held | 31.02 | 31.02 | N/A | N/A | N/A | 13.29 |
| After Tax Sold | 18.77 | 18.77 | N/A | N/A | N/A | 10.53 |
| Fund Market Price | 31.14 | 31.14 | N/A | N/A | N/A | 13.65 |
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 Fund inception and ending 12/31/2019. 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 |
|---|---|
| Information Technology | 34.32% |
| Consumer Discretionary | 14.29% |
| Health Care | 13.56% |
| Communication Services | 11.06% |
| Industrials | 9.19% |
| Consumer Staples | 6.22% |
| Energy | 4.47% |
| Financials | 2.97% |
| Materials | 1.91% |
| Real Estate | 1.86% |
| Utilities | 0.15% |
Market Cap & Style Allocations
| Large-Cap Value | 18.90% |
| Large-Cap Blend | 33.83% |
| Large-Cap Growth | 36.19% |
| Mid-Cap Value | 2.73% |
| Mid-Cap Blend | 3.39% |
| Mid-Cap Growth | 4.69% |
| Small-Cap Value | 0.07% |
| Small-Cap Blend | 0.11% |
| Small-Cap Growth | 0.09% |
as of 02/12/2020 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| AAPL | Apple Inc | 8.71 |
| MSFT | Microsoft Corp | 5.86 |
| AMZN | Amazon.com Inc | 4.28 |
| FB | Facebook Inc | 3.09 |
| V | Visa Inc | 2.96 |
| GOOG | Alphabet Inc | 2.56 |
| MA | Mastercard Inc | 2.55 |
| GOOGL | Alphabet Inc | 2.51 |
| JNJ | Johnson & Johnson | 2.21 |
| INTC | Intel Corp | 1.77 |
Distributions | HideView All | Distribution Information
| Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital |
|---|---|---|---|---|---|---|---|
| 02/12/2020 | 02/13/2020 | 02/26/2020 | 5.48202 | 0.06192 | 0.81742 | 4.60268 | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.13500 | 0.13500 | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.07960 | 0.07960 | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.10845 | 0.10845 | - | - | - |
| 03/19/2019 | 03/20/2019 | 03/21/2019 | 0.08629 | 0.08629 | - | - | - |
| 12/26/2018 | 12/27/2018 | 12/28/2018 | 0.11555 | 0.11555 | - | - | - |
| 09/25/2018 | 09/26/2018 | 09/27/2018 | 0.10794 | 0.10794 | - | - | - |
| 06/19/2018 | 06/20/2018 | 06/21/2018 | 0.09769 | 0.09769 | - | - | - |
| 03/16/2018 | 03/17/2018 | 03/20/2018 | 0.07776 | 0.07776 | - | - | - |
| 12/28/2017 | 12/29/2017 | 01/02/2018 | 0.07297 | 0.07297 | - | - | - |
Distribution Information
QQQ/BLDRs (ADRA, ADRD, ADRE, and ADRU)
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% |
| 12/31/2019 | 64 | 49 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2019 | 64 | 23 | 3 | 2 | 1 | 0 | 0 |
| 06/30/2019 | 63 | 31 | 2 | 0 | 0 | 0 | 0 |
| 03/31/2019 | 61 | 53 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2019 | 252 | 156 | 5 | 2 | 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% |
| 12/31/2019 | 64 | 14 | 1 | 0 | 0 | 0 | 0 |
| 09/30/2019 | 64 | 24 | 8 | 3 | 0 | 0 | 0 |
| 06/30/2019 | 63 | 23 | 5 | 2 | 0 | 0 | 0 |
| 03/31/2019 | 61 | 8 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2019 | 252 | 69 | 14 | 5 | 0 | 0 | 0 |
Fund Inception : 11/08/2017
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 sector, such as basic materials, communications services, consumer discretionary and staples, energy, financials, healthcare, industrials, information technology, real estate securities and utilities, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
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.
The Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
The Russell 1000 Index is an unmanaged index considered representative of large-cap stocks. The Russell 1000 Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.
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 Russell 1000 Quality Factor Index (“Index”) is a trademark of Frank Russell Company (“Russell”) and have been licensed for use by the Manager and the Fund. The Invesco Russell 1000® Quality Factor ETF (“Licensed Fund”) is not in any way sponsored, endorsed, sold or promoted by Russell or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which the applicable Licensed Fund is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the applicable Licensed Fund. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to the Manager or to its clients. The Index is calculated by Russell or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein.
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