Invesco S&P MidCap 400 QVM Multi-factor ETF

Frequently Asked Questions About QVMM

What does QVMM invest in?

The Invesco S&P MidCap 400 QVM Multi-factor ETF, referred to as the Fund, is designed to closely track the performance of its underlying benchmark, the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index. Typically, the Fund allocates a minimum of 90% of its total assets to the common equity securities that make up this Index. The Index itself is curated to reflect the returns of a specific selection of companies chosen from the wider S&P MidCap 400 Index. These companies are identified based on their strong exhibition of three key investment characteristics: quality, value, and momentum. Both the Fund's holdings and the Index composition are reviewed and adjusted every three months, specifically during March, June, September, and December.

What is the expense ratio of QVMM?

Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is QVMM?

Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) manages $430.0M 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 QVMM actively managed or an index fund?

QVMM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was QVMM launched?

Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) launched in June 2021 and is managed by Invesco.

How has QVMM performed?

QVMM'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.