XSVM - Invesco S&P SmallCap Value with Momentum ETFEquity - US Equity
The Invesco S&P SmallCap Value with Momentum ETF (Fund) is based on the S&P 600 High Momentum Value 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 "value scores" and "momentum scores," calculated pursuant to the index methodology. Index constituents are weighted by their value scores; securities with higher value scores receive relatively greater weights. 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.
|Index History (%)|
|S&P SmallCap 600 High Momentum Value Index||-6.21||N/A||N/A||N/A||N/A||N/A|
|S&P SmallCap 600 Index||-3.97||6.57||7.05||9.45||13.28||8.87|
|Russell 2000 Value Index||-5.39||4.38||3.10||6.71||10.28||6.64|
|Russell 2000 Pure Value Index||-8.83||-2.89||-0.08||N/A||N/A||N/A|
|Fund History (%)|
|After Tax Held||-6.23||9.56||3.44||6.88||11.30||6.49|
|After Tax Sold||-3.69||6.07||2.95||5.75||9.72||5.61|
|Fund Market Price||-6.59||10.00||3.93||7.48||11.77||6.84|
|Index History (%)|
|S&P SmallCap 600 High Momentum Value Index||N/A||N/A||N/A||N/A||N/A||N/A|
|S&P SmallCap 600 Index||22.78||22.78||8.36||9.56||13.35||9.22|
|Russell 2000 Value Index||22.39||22.39||4.77||6.99||10.56||7.08|
|Russell 2000 Pure Value Index||18.12||18.12||2.58||N/A||N/A||N/A|
|Fund History (%)|
|After Tax Held||29.25||29.25||5.14||7.21||11.66||6.98|
|After Tax Sold||17.70||17.70||4.24||5.99||10.01||6.02|
|Fund Market Price||30.62||30.62||5.85||7.93||12.21||7.37|
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 12/31/2019. Fund performance shown at NAV.
S&P 600 High Momentum Value Index* performance prior to 6/16/2011 reflects that of the original Underlying Index, Dynamic Small Cap Value Intellidex Index. From 6/16/2011 to 5/22/2015, performance reflects that of the previous Underlying Index, RAFI Fundamental Small Value Index. From 5/22/2015 to 6/21/2019, performance reflects that of the previous Underlying Index, Russell 2000 Pure Value Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, S&P 600 High Momentum Value 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 02/21/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|ODP||Office Depot Inc||2.25|
|KELYA||Kelly Services Inc||1.51|
|CCS||Century Communities Inc||1.50|
|RRGB||Red Robin Gourmet Burgers Inc||1.43|
|ERA||Era Group Inc||1.43|
|GPI||Group 1 Automotive Inc||1.36|
|SAH||Sonic Automotive Inc||1.25|
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 financial, 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.
A 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.
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 S&P 600 High Momentum Value Index is composed of 120 securities in the S&P SmallCap 600 Index having the highest "value scores" and "momentum scores".
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 Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
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.