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Critical Facts You Need to Know About Preferred Stocks
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Invesco Russell 2000® Dynamic Multifactor ETF
ETF
OMFS
Payout Change
Pending
Price as of:
$35.62
+0.27
+0.76%
primary theme
U.S. Small-Cap Blend Equity
OMFS (ETF)
Invesco Russell 2000® Dynamic Multifactor ETF
Payout Change
Pending
Price as of:
$35.62
+0.27
+0.76%
primary theme
U.S. Small-Cap Blend Equity
OMFS (ETF)
Invesco Russell 2000® Dynamic Multifactor ETF
Payout Change
Pending
Price as of:
$35.62
+0.27
+0.76%
primary theme
U.S. Small-Cap Blend Equity
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-7.7%
1 yr return
7.1%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
7.2%
Net Assets
$383 M
Holdings in Top 10
31.7%
52 WEEK LOW AND HIGH
$35.4
$31.78
$39.65
Expenses
OPERATING FEES
Expense Ratio 0.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
OMFS - Profile
Distributions
- YTD Total Return -7.7%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return 7.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.86%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Russell 2000® Dynamic Multifactor ETF
-
Fund Family NameINVESCOETF
-
Inception DateNov 08, 2017
-
Shares Outstanding4130001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Hubbard
Fund Description
The Fund generally will invest at least 80% of its total assets in the securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, FTSE Russell (the “Index Provider”) compiles and maintains the Underlying Index, which is an index of U.S. equity securities designed to reflect a dynamic combination of “factor investing” strategies that, in the view of the Index Provider, have historically outperformed other factors during various parts of the economic cycle. The Underlying Index’s universe of investable stocks is taken from the Russell 2000 Index (the “Parent Index”), which measures the performance of 2,000 of the smallest-capitalization companies in the United States.
A factor is a stock characteristic that is associated with a security’s risk and return profile (e.g., high quality, high momentum or low volatility). The Underlying Index’s rules-based framework seeks to identify equity securities that tend to exhibit various investment factors to a greater extent than the overall market, depending on the overall economic environment. The Underlying Index emphasizes investments that exhibit the following factors: low volatility, momentum, quality, size and value. At any given time, depending on the current stage of the economic cycle of the overall market, the Underlying Index will target different subsets (that is, two or three) of
those five factors (referred to as “factor configurations”). The Underlying Index is designed to utilize factor configurations that, in the view of the Index Provider, have historically outperformed other factors in certain stages of the economic cycle. The specific factor configurations used by the Underlying Index will change depending on which of the following four stages of the economic cycle currently is prevalent: recovery, expansion, slowdown and contraction. These four stages are defined as follows:
◾ Recovery: when growth is below trend but accelerating.
◾ Expansion: when growth is above trend and accelerating.
◾ Slowdown: when growth is above trend but decelerating.
◾ Contraction: when growth is below trend and decelerating.
Invesco Indexing LLC (“Invesco Indexing”) identifies which stage of the economic cycle it currently believes the market to be in by evaluating leading economic and market sentiment indicators (such as manufacturing business surveys, labor market conditions, monetary conditions and consumer sentiment surveys). Each month, Invesco Indexing informs the Index Provider on the current stage of the economic cycle, and the Index Provider uses that information to determine the appropriate factor configuration for the Underlying Index during that month. Each of the four stages is correlated to a specific, predetermined factor configuration.
To determine which securities within the Parent Index are eligible for inclusion in the Underlying Index in a given factor configuration, each constituent in the Parent Index is assigned a multi-factor score based on the extent to which the security exhibits a factor relative to the other constituents in the Parent Index. The multi-factor score is the product of the security’s individual factor scores, each of which is calculated based on certain aspects of the issuer, as set forth below.
◾
Value. A company’s value factor score is based on an equally-weighted composite of cash flow yield, earnings yield, and sales to price ratio, calculated based on the company’s total market capitalization and information reported in the company’s most recent annual financial statement as of the last business day of the prior month.
◾
Momentum. A company’s momentum factor score is based on historical total return over the 11 months ending on the last business day of the prior month.
◾
Quality. A company’s quality factor score is based on a composite of three measures of profitability (return on assets, change in asset turnover and accruals) and a single measure of leverage, calculated as the ratio of operating cash flow to total debt based on information reported in the company’s most recent annual financial statement.
◾
Low Volatility. A company’s volatility factor score is based on the standard deviation of weekly total returns to a company’s stock price over the trailing five years ending on the last business day of the prior month.
◾
Size. A company’s size factor score is based on total market capitalization as of the last business day of the prior month.
An initial weight for each security is determined from the product of the security’s multi-factor score and its weight in the Parent Index. The Underlying Index’s methodology will exclude securities from the Underlying Index if their relevant factor characteristics fall below certain relative thresholds, as set forth in the methodology rules of the Underlying Index, or if their adjusted weights fall below a certain de minimis amount. Finally, a maximum security weight limit is applied to ensure no security weight exceeds a fixed level.
The Underlying Index is sponsored by the Index Provider, which is unaffiliated with the Fund, Invesco Indexing or Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”). However, since Invesco Indexing provides the Index Provider with monthly data
relating to the stage of the economic cycle, Invesco Indexing may also be deemed a creator and sponsor of the Underlying Index. Invesco Indexing is affiliated with the Adviser and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).
As of October 31, 2023, the Underlying Index was comprised of 1,129constituents with market capitalizations ranging from $52.3 million to $7.4 billion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
OMFS - Performance
Return Ranking - Trailing
| Period | OMFS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.7% | -8.0% | 19.4% | 99.82% |
| 1 Yr | 7.1% | -12.4% | 53.5% | 94.03% |
| 3 Yr | -2.4%* | -10.2% | 39.2% | 83.39% |
| 5 Yr | 7.2%* | -14.0% | 30.6% | 51.18% |
| 10 Yr | N/A* | -2.8% | 16.9% | 52.73% |
* Annualized
Return Ranking - Calendar
| Period | OMFS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.5% | -49.6% | 29.0% | 50.09% |
| 2022 | -18.8% | -59.3% | 118.2% | 33.45% |
| 2021 | 27.7% | -31.6% | 39.3% | 3.68% |
| 2020 | 13.3% | -51.0% | 39.5% | 39.62% |
| 2019 | 25.4% | -16.9% | 37.8% | 13.75% |
Total Return Ranking - Trailing
| Period | OMFS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.7% | -8.0% | 19.4% | 99.82% |
| 1 Yr | 7.1% | -12.4% | 53.5% | 94.03% |
| 3 Yr | -2.4%* | -10.2% | 39.2% | 83.39% |
| 5 Yr | 7.2%* | -14.0% | 30.6% | 51.18% |
| 10 Yr | N/A* | -2.8% | 16.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | OMFS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.1% | -21.7% | 31.8% | 64.32% |
| 2022 | -17.3% | -45.2% | 123.7% | 58.05% |
| 2021 | 28.6% | 0.0% | 47.7% | 19.12% |
| 2020 | 15.1% | -50.5% | 46.9% | 40.75% |
| 2019 | 26.7% | -12.6% | 43.7% | 26.13% |
OMFS - Holdings
Concentration Analysis
| OMFS | Category Low | Category High | OMFS % Rank | |
|---|---|---|---|---|
| Net Assets | 383 M | 529 K | 145 B | 50.18% |
| Number of Holdings | 706 | 2 | 2519 | 14.61% |
| Net Assets in Top 10 | 117 M | 120 K | 9.83 B | 38.73% |
| Weighting of Top 10 | 31.65% | -2849.0% | 100.1% | 13.07% |
Top 10 Holdings
- Invesco Private Prime Fund 19.15%
- Invesco Private Government Fund 7.51%
- Hibbett, Inc. 0.73%
- Telephone and Data Systems, Inc. 0.72%
- Caleres, Inc. 0.69%
- Steelcase Inc., Class A 0.59%
- Hovnanian Enterprises, Inc., Class A 0.57%
- Interface, Inc. 0.57%
- Koppers Holdings Inc. 0.56%
- Amneal Pharmaceuticals, Inc. 0.55%
Asset Allocation
| Weighting | Return Low | Return High | OMFS % Rank | |
|---|---|---|---|---|
| Stocks | 99.92% | -565235.00% | 108.16% | 3.70% |
| Cash | 26.67% | 0.00% | 565934.00% | 0.88% |
| Preferred Stocks | 0.00% | 0.00% | 7.53% | 50.35% |
| Other | 0.00% | -598.74% | 39.24% | 66.02% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 49.21% |
| Bonds | 0.00% | -1.96% | 74.53% | 51.58% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | OMFS % Rank | |
|---|---|---|---|---|
| Financial Services | 22.45% | 0.00% | 35.52% | 7.12% |
| Industrials | 18.02% | 2.46% | 37.42% | 36.65% |
| Consumer Cyclical | 13.42% | 0.99% | 47.79% | 18.68% |
| Energy | 9.67% | 0.00% | 37.72% | 4.09% |
| Technology | 7.95% | 0.00% | 54.70% | 94.48% |
| Healthcare | 7.32% | 0.00% | 26.53% | 85.77% |
| Real Estate | 6.57% | 0.00% | 29.43% | 60.32% |
| Basic Materials | 5.21% | 0.00% | 18.66% | 41.81% |
| Consumer Defense | 4.28% | 0.00% | 18.87% | 46.26% |
| Communication Services | 3.63% | 0.00% | 14.85% | 26.87% |
| Utilities | 1.48% | 0.00% | 18.58% | 74.20% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | OMFS % Rank | |
|---|---|---|---|---|
| US | 99.92% | -565235.00% | 108.16% | 2.29% |
| Non US | 0.00% | 0.00% | 91.59% | 58.10% |
OMFS - Expenses
Operational Fees
| OMFS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.39% | 0.01% | 38.45% | 88.32% |
| Management Fee | 0.39% | 0.00% | 1.50% | 16.43% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| OMFS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| OMFS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| OMFS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 314.00% | 98.73% |
OMFS - Distributions
Dividend Yield Analysis
| OMFS | Category Low | Category High | OMFS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.98% | 0.00% | 42.47% | 32.75% |
Dividend Distribution Analysis
| OMFS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| OMFS | Category Low | Category High | OMFS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.86% | -2.40% | 2.49% | 17.08% |
Capital Gain Distribution Analysis
| OMFS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 22, 2024 | $0.175 | OrdinaryDividend |
| Dec 22, 2023 | $0.083 | OrdinaryDividend |
| Sep 22, 2023 | $0.157 | OrdinaryDividend |
| Jun 23, 2023 | $0.136 | OrdinaryDividend |
| Mar 24, 2023 | $0.119 | OrdinaryDividend |
| Dec 23, 2022 | $0.155 | OrdinaryDividend |
| Sep 30, 2022 | $0.209 | OrdinaryDividend |
| Jun 30, 2022 | $0.157 | OrdinaryDividend |
| Mar 31, 2022 | $0.106 | OrdinaryDividend |
| Dec 31, 2021 | $0.086 | OrdinaryDividend |
| Sep 30, 2021 | $0.064 | OrdinaryDividend |
| Jun 30, 2021 | $0.058 | OrdinaryDividend |
| Mar 31, 2021 | $0.070 | OrdinaryDividend |
| Dec 31, 2020 | $0.101 | OrdinaryDividend |
| Sep 30, 2020 | $0.079 | OrdinaryDividend |
| Jun 30, 2020 | $0.076 | OrdinaryDividend |
| Mar 31, 2020 | $0.097 | OrdinaryDividend |
| Dec 31, 2019 | $0.102 | OrdinaryDividend |
| Sep 30, 2019 | $0.089 | OrdinaryDividend |
| Mar 21, 2019 | $0.087 | OrdinaryDividend |
| Dec 28, 2018 | $0.122 | OrdinaryDividend |
| Sep 27, 2018 | $0.135 | OrdinaryDividend |
| Jun 21, 2018 | $0.061 | OrdinaryDividend |
| Mar 20, 2018 | $0.030 | OrdinaryDividend |
| Jan 02, 2018 | $0.089 | OrdinaryDividend |
OMFS - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
May 24, 2019
3.02
3.0%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Michael Jeanette
Start Date
Tenure
Tenure Rank
May 24, 2019
3.02
3.0%
Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.
Tony Seisser
Start Date
Tenure
Tenure Rank
May 24, 2019
3.02
3.0%
Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.
Pratik Doshi
Start Date
Tenure
Tenure Rank
Oct 28, 2019
2.59
2.6%
Pratik Doshi is a Portfolio Manager of Invesco Capital Management. Mr. Doshi has been a Portfolio Manager of Invesco Capital Management since October 2019 and has been associated with Invesco Capital Management since 2018. Prior to joining Invesco Capital Management, Mr. Doshi was a business student in the MBA program at the University of Chicago from 2016 to 2018. From 2014 to 2016, he served as a Vice President at Bank of America, and from 2007 to 2014 he served as Assistant Vice President at Barclays Capital.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.06 | 2.58 |
