Invesco S&P 500 Value with Momentum ETF

Frequently Asked Questions About SPVM

What does SPVM invest in?

The Invesco S&P 500 Value with Momentum ETF (the Fund) is designed to track the investment results of the S&P 500 High Momentum Value Index (the Index). The Fund aims to invest at least 90% of its total assets in the constituent securities that form this Index. This Index comprises 100 stocks selected from the broader S&P 500 Index. These selections are made using an established methodology that identifies companies with the highest "value scores" and "momentum scores." Once chosen, the individual holdings within the Index are weighted based on their value scores, with companies exhibiting stronger value characteristics receiving a greater proportion of the Index's total weight. Both the Fund and its underlying Index are adjusted and re-evaluated twice a year. Specifically, a company's "value score" is derived from its book-to-price ratio, while its "momentum score" is based on its cumulative return over the past 20 trading days.

What is the expense ratio of SPVM?

Invesco S&P 500 Value with Momentum ETF (SPVM) charges an expense ratio of 0.51%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPVM?

Invesco S&P 500 Value with Momentum ETF (SPVM) manages $128.5M 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 SPVM actively managed or an index fund?

SPVM 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 (SPVM's is 0.51%) because there's no security selection cost.

When was SPVM launched?

Invesco S&P 500 Value with Momentum ETF (SPVM) launched in June 2011 and is managed by Invesco.

How has SPVM performed?

SPVM'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.