Invesco Russell 1000 Dynamic Multifactor ETF

Frequently Asked Questions About OMFL

What does OMFL invest in?

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) aims to track the performance of the Russell 1000 Invesco Dynamic Multifactor Index. This exchange-traded fund allocates a minimum of 80% of its total assets to the securities that make up its benchmark index. The Index employs a systematic methodology to adjust the weighting of large-capitalization companies found within the broader Russell 1000 Index. These adjustments are driven by prevailing economic conditions and market cycles, specifically identifying phases of expansion, slowdown, contraction, or recovery. Individual securities receive a composite multi-factor score, based on an assessment across five distinct investment characteristics: value, momentum, quality, low volatility, and size. Both the Fund and its underlying Index are subject to periodic reconstitution and rebalancing, which can occur as frequently as once a month, in response to shifts in economic indicator signals. Please note, this information is for illustrative purposes only and does not constitute a recommendation regarding the appropriateness of any investment strategy for a particular investor. Factor investing, which involves selecting securities based on specific attributes that may influence returns, carries inherent risks; it may underperform traditional market-capitalization-weighted benchmarks and could lead to increased portfolio volatility.

What is the expense ratio of OMFL?

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is OMFL?

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) manages $4.72B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is OMFL actively managed or an index fund?

OMFL is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (OMFL's is 0.29%) because there's no security selection cost.

When was OMFL launched?

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) launched in November 2017 and is managed by Invesco.

How has OMFL performed?

OMFL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.