SPVU - Invesco S&P 500® Enhanced Value ETF

Equity - US Equity

Product Details

The Invesco S&P 500® Enhanced Value ETF (Fund) is based on the S&P 500 Enhanced Value Index (Index). The Fund generally will 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 "value score." The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of June and December. Constituents are weighted by their market capitalization and their value score.

as of 10/31/2019

Factor DNATM

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Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock's price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 10/31/2019

Factor DNATM

Financial Professionals - Log in to view the fund's Factor DNATM chart

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock's price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

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

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P 500 Enhanced Value Index 25.64 11.81 11.77 N/A N/A 12.59
S&P 500 Index 27.63 16.11 14.88 10.98 13.44 13.62
Fund History (%)
Fund NAV 25.41 11.67 11.56 N/A N/A 12.36
After Tax Held 24.49 10.65 10.83 N/A N/A 11.74
After Tax Sold 14.99 6.95 8.83 N/A N/A 9.62
Fund Market Price 26.00 11.70 11.50 N/A N/A 12.31
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P 500 Enhanced Value Index 16.22 2.00 12.93 N/A N/A 10.96
S&P 500 Index 20.55 4.25 13.39 10.84 13.24 12.60
Fund History (%)
Fund NAV 16.05 1.88 12.71 N/A N/A 10.72
After Tax Held 15.20 0.94 11.99 N/A N/A 10.09
After Tax Sold 9.49 1.19 9.79 N/A N/A 8.30
Fund Market Price 16.72 1.96 12.71 N/A N/A 10.71

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 of 09/30/2019

Growth of $10,000

Data beginning Fund inception and ending 09/30/2019. 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.

as of 12/13/2019

Sector Allocation

Sector Percent of Fund
Financials 39.54%
Consumer Discretionary 12.04%
Energy 10.25%
Health Care 9.72%
Communication Services 6.57%
Consumer Staples 5.96%
Information Technology 5.84%
Industrials 5.74%
Materials 4.34%
as of 12/12/2019

Market Cap & Style Allocations

Large-Cap Value 66.77%
Large-Cap Blend 10.35%
Large-Cap Growth 0.56%
Mid-Cap Value 17.30%
Mid-Cap Blend 4.25%
Mid-Cap Growth 0.76%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 12/13/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
T AT&T Inc 5.33
BAC Bank of America Corp 5.13
WFC Wells Fargo & Co 4.99
C Citigroup Inc 4.76
CVS CVS Health Corp 3.83
GS Goldman Sachs Group Inc/The 2.97
GM General Motors Co 2.86
PSX Phillips 66 2.83
CI Cigna Corp 2.78
MU Micron Technology Inc 2.62

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/23/2019 09/24/2019 09/30/2019 0.24491 0.24491 - - -
06/24/2019 06/25/2019 06/28/2019 0.19195 0.19195 - - -
03/18/2019 03/19/2019 03/29/2019 0.18936 0.18936 - - -
12/24/2018 12/26/2018 12/31/2018 0.22967 0.22967 - - -
09/24/2018 09/25/2018 09/28/2018 0.21430 0.21430 - - -
06/18/2018 06/19/2018 06/29/2018 0.16413 0.16413 - - -
03/19/2018 03/20/2018 03/29/2018 0.15298 0.15298 - - -
12/18/2017 12/19/2017 12/29/2017 0.57492 0.57492 - - -
09/18/2017 09/19/2017 09/29/2017 0.14885 0.14885 - - -
06/16/2017 06/20/2017 06/30/2017 0.05380 0.05380 - - -
03/17/2017 03/21/2017 03/31/2017 0.04471 0.04471 - - -
12/16/2016 12/20/2016 12/30/2016 0.11962 0.11962 - - -
09/16/2016 09/20/2016 09/30/2016 - - - - -
06/17/2016 06/21/2016 06/30/2016 0.16038 0.16038 - - -
03/18/2016 03/22/2016 03/31/2016 0.05172 0.05172 - - -
12/18/2015 12/22/2015 12/31/2015 0.13869 0.13869 - - -

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 40 0 0 0 0 0
03/31/2019 61 23 0 0 0 0 0
12/31/2018 63 28 0 0 0 0 0
09/30/2018 63 42 0 0 0 0 0
Year Ended 2018 251 141 2 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 24 0 0 0 0 0
03/31/2019 61 37 1 0 0 0 0
12/31/2018 63 32 2 1 0 0 0
09/30/2018 63 21 0 0 0 0 0
Year Ended 2018 251 104 3 1 0 0 0

Fund Inception : 10/09/2015

 Risk & Other Information

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 financials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets.

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

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 trademark 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.

as of 12/13/2019
4:15 PM EST

SPVU
Intraday Stats

  • Last Trade $38.28
  • Current IIV $38.25
  • Change -$0.33
  • % Change -0.86%
as of 12/13/2019
  • NAV at market close $38.25
as of 12/13/2019

Fund Yield

  • SEC 30 Day Yield 2.68%
  • Distribution Rate 2.56%
  • 12 Month Distribution Rate 2.24%
  • 30-Day SEC Unsubsidized Yield
    as of 12/13/2019
    2.66%
as of 12/13/2019

Prior Close

  • Closing Price $38.61
  • Bid/Ask Midpoint $38.28
  • Bid/Ask Prem/Disc $0.03
  • Bid/Ask Prem/Disc 0.08%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 9.70
  • Forward Price/Earnings Ratio 9.31
  • Price/Book Ratio1 1.20
  • ROE2 13.22%
  • Avg Market Cap2 $74,542MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker SPVU
  • CUSIP # 46138E396
  • ISIN US46138E3962
  • Intraday NAV SPVUIV
  • Index Ticker SPXEVUT
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.13%
  • Total Expense Ratio 0.13%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 10/09/2015
  • # of Holdings 96
    as of 12/13/2019
as of 12/13/2019

Quick Facts

  • Previous Close $38.61
  • Open $38.69
  • Today's High $38.72
  • Today's Low $38.22
  • Today's Volume 10,924
  • 11,990 30-Day Avg Trading
    Volume
  • 52 Week High $38.72
  • 52 Week Low $28.90
  • Shares Outstanding 2.05MM
  • Market Value $78.4MM