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Invesco S&P MidCap Momentum ETF

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Product Details

The Invesco S&P MidCap Momentum ETF (Fund) is based on the S&P Midcap 400 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 securities with 80 securities in the S&P Midcap 400® Index having the highest “momentum scores,” which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400® Index. The Fund and the Index are rebalanced and reconstituted semi-annually.

Effective at the close of markets on Friday, June 21, 2019, the Fund's investment objective, principal investment strategy and underlying index changed. Please see the Fund's prospectus for further information.

as of 04/30/2020 03/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P MidCap 400 Momentum Index -11.12 -5.79 N/A N/A N/A N/A
S&P MidCap 400 Index -19.73 -14.94 -0.03 3.58 8.86 7.70
Russell Midcap Growth Index -7.52 0.23 11.28 8.88 12.19 9.45
Russell Midcap Pure Growth Index 2.25 11.06 23.87 16.02 N/A N/A
Fund History (%)
Fund NAV -11.19 -7.45 16.30 11.57 11.70 9.35
After Tax Held -11.35 -7.78 16.14 11.43 11.53 9.23
After Tax Sold -6.65 -4.35 12.79 9.19 9.72 7.91
Fund Market Price -11.03 -7.21 16.42 11.64 11.74 9.36
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P MidCap 400 Momentum Index -19.34 -12.91 N/A N/A N/A N/A
S&P MidCap 400 Index -29.70 -22.51 -4.09 0.56 7.88 6.80
Russell Midcap Growth Index -20.04 -9.45 6.53 5.61 10.89 8.45
Russell Midcap Pure Growth Index -15.03 -3.58 17.41 N/A N/A N/A
Fund History (%)
Fund NAV -19.37 -12.24 13.52 9.25 11.07 8.71
After Tax Held -19.52 -12.55 13.36 9.12 10.90 8.59
After Tax Sold -11.48 -7.16 10.56 7.29 9.16 7.33
Fund Market Price -19.56 -12.38 13.46 9.20 11.06 8.69

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 03/31/2020

Growth of $10,000

Data beginning 10 years prior to the ending date of 03/31/2020. Fund performance shown at NAV.

S&P MidCap 400 Momentum Index* performance prior to 6/16/2011 reflects that of the original Underlying Index, Dynamic Mid Cap Growth Intellidex Index. From 6/16/2011 to 5/22/2015, performance reflects that of the previous Underlying Index, RAFI Fundamental Mid Growth Index. From 5/22/2015 to 6/21/2019, reflects that of the previous Underlying Index, Russell Midcap Pure Growth Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, S&P Midcap 400 Momentum Index AND IS NOT INTENDEDDFOR 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.

as of 06/02/2020

Sector Allocation

Sector Percent of Fund
Information Technology 21.84%
Industrials 19.43%
Health Care 14.94%
Consumer Discretionary 12.65%
Real Estate 11.93%
Financials 8.04%
Communication Services 4.02%
Utilities 3.30%
Consumer Staples 2.60%
Materials 1.21%
Investment Companies 0.04%

as of 06/02/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
TYL Tyler Technologies Inc 5.08
TDY Teledyne Technologies Inc 3.92
BRO Brown & Brown Inc 3.26
FICO Fair Isaac Corp 3.24
CABO Cable One Inc 3.21
POOL Pool Corp 2.64
TER Teradyne Inc 2.54
SEDG SolarEdge Technologies Inc 2.47
GNRC Generac Holdings Inc 2.35
MASI Masimo Corp 2.22
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/23/2020 03/24/2020 03/31/2020 0.18540 0.18540 - - - -
12/23/2019 12/24/2019 12/31/2019 0.17106 0.17106 - - - -
09/23/2019 09/24/2019 09/30/2019 0.18044 0.18044 - - - -
06/24/2019 06/25/2019 06/28/2019 0.01297 0.01297 - - - -
12/24/2018 12/26/2018 12/31/2018 0.05532 0.05532 - - - -
09/24/2018 09/25/2018 09/28/2018 0.03104 0.03104 - - - -
06/16/2017 06/20/2017 06/30/2017 0.04960 0.04960 - - - -
03/17/2017 03/21/2017 03/31/2017 0.04073 0.04073 - - - -
12/16/2016 12/20/2016 12/30/2016 0.01421 0.01421 - - - -
09/16/2016 09/20/2016 09/30/2016 - - - - - -
06/17/2016 06/21/2016 06/30/2016 0.02585 0.02585 - - - -
03/18/2016 03/22/2016 03/31/2016 0.02769 0.02769 - - - -
12/18/2015 12/22/2015 12/31/2015 0.00398 0.00398 - - - -
09/18/2015 09/22/2015 09/30/2015 0.03182 0.03182 - - - -
06/19/2015 06/23/2015 06/30/2015 0.09223 0.09223 - - - -
03/20/2015 03/24/2015 03/31/2015 0.06397 0.06397 - - - -
12/19/2014 12/23/2014 12/31/2014 0.15822 0.15822 - - - -
09/19/2014 09/23/2014 09/30/2014 0.11932 0.11932 - - - -
06/20/2014 06/24/2014 06/30/2014 0.11526 0.11526 - - - -
12/20/2013 12/24/2013 12/31/2013 0.13407 0.13407 - - - -
09/20/2013 09/24/2013 09/30/2013 0.16602 0.16602 - - - -
06/21/2013 06/25/2013 06/28/2013 0.07866 0.07866 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.09459 0.09459 - - - -
09/21/2012 09/25/2012 09/28/2012 0.05449 0.05449 - - - -
06/15/2012 06/19/2012 06/29/2012 0.07773 0.07773 - - - -
03/16/2012 03/20/2012 03/30/2012 0.02034 0.02034 - - - -
12/16/2011 12/20/2011 12/30/2011 0.06429 0.06429 - - - -
12/17/2010 12/21/2010 12/31/2010 0.05940 0.05940 - - - -
12/18/2009 12/22/2009 12/31/2009 0.01340 0.01340 - - - -
12/21/2007 12/26/2007 12/31/2007 0.00199 0.00199 - - - -
12/15/2006 12/19/2006 12/29/2006 0.09682 0.09682 - - - -
06/16/2006 06/20/2006 06/30/2006 0.01708 0.01708 - - - -

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%
03/31/2020 62 25 0 0 0 0 0
12/31/2019 64 40 1 0 0 0 0
09/30/2019 64 27 0 0 0 0 0
06/30/2019 63 42 0 0 0 0 0
Year Ended 2019 252 162 1 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%
03/31/2020 62 31 4 2 0 0 0
12/31/2019 64 23 0 0 0 0 0
09/30/2019 64 37 0 0 0 0 0
06/30/2019 63 21 0 0 0 0 0
Year Ended 2019 252 89 0 0 0 0 0

Fund Inception : 03/03/2005

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.

Premiums/Discounts

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.

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

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.

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 S&P MidCap 400 Index is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment. Russell Midcap Pure Growth Index is composed of securities with strong growth characteristics selected from the Russell Midcap® Index.

The Russell Midcap® Index is an unmanaged Index considered representative of the mid-cap segment of the US equity universe. The Russell Midcap® Growth Index is an unmanaged index considered representative of mid-cap growth stocks. Russell is a trademark/service marks of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. The Dynamic Mid Cap Growth IntellidexSM Index seeks to provide capital appreciation while maintaining consistent and accurate style exposure. The RAFI Fundamental Mid Growth Index is composed of common stocks of mid 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 Midcap® Pure Growth Index, the Russell Midcap Growth Index and the Russell Midcap 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 Mid 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.