XMVM

Invesco S&P MidCap Value with Momentum ETF

The Invesco Fundamental Pure Mid Value Portfolio is based on the RAFIĀ® Fundamental Mid Value Index. The Index is comprised of common stocks of "mid value" U.S. companies, including real estate investment trusts (REITs), from a universe comprised of the 2,500 largest U.S. companies.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

39 bp

EXPENSES

$225.5 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco PowerShares
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 03, 2005
Assets (mns)$225
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PBF ENERGY INC-CLASS A 2.7 %
LITHIA MOTORS INC-CL A 2.3 %
AVNET INC 2.3 %
HF SINCLAIR CORPORATION 2.2 %
UNITED STATES STEEL CORP 2.0 %
ARROW ELECTRONICS INC 2.0 %
AUTONATION INC 1.8 %
UNUM GROUP 1.7 %
SYNNEX CORP 1.7 %
GRAHAM HOLDINGS 1.6 %
Constituent Breakdown
Number of holdings80
Herfindahl-Hirschman Index 137
Wgt avg mkt cap (mns)$7,331
Large cap (>$10bn)24.0%
Mid cap ($2-10bn)76.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.2 %
CANADA 1.4 %
BERMUDA 1.2 %
BRITAIN 1.1 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.2% 14.0% 16.7% 6.3% 11.3% 8.7% 11.1%
Volatility 14.9% 16.6% 21.4% 22.4% 28.0% 21.9% --
Market Correlations
versus...BetaR-squared
S&P 5001.0369%
MSCI EAFE1.0567%
MSCI Emg Mkts0.7131%
Liquidity Measures
Avg. volume (000)21
Turnover0.5%
Avg. Bid/Ask (% of price)0.41%
ADV of underlying (mns)$12,060
Technical Indicators
Recent close$53.04
30d moving avg.$53.00
Annualized volatility22.3%
Relative strength (RSI)50
Short interest (ETF)0.0%
Short interest (underlying)4.5%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: XMVM vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.6 9.8 1.2 2.1% --
Based on closing prices from 7/11/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
XMVM



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

XMVM

10.9%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™10.9%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.5%. XMVM's ALTAR Score™ is approximately 2.0 standard deviations above the category average. This places XMVM in the 98th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
XMVM
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
XMVM 39.0 40.7 79.7
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .