Key stats
About Invesco S&P MidCap Value with Momentum ETF
Expense ratio
0.39%
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Inception date
Mar 3, 2005
ISIN
US46137V4564
XMVMs name reflects its straightforward approach to value with momentum, with the emphasis on value. Pulling from the S&P 400 mid-caps, its index selects 160 names with highest value scores, derived from book-to-price, (trailing) earnings-to-price, and sales-to-price. It then picks the top half of these using a momentum score based on 12-month performance, excluding the most recent month, and favoring stocks with lower volatility. The 80 names are weighted by the value score. Firm size (market cap) does not play a direct role in weighting, so the fund may lean toward smaller mid-caps. The index is rebalanced semi-annually. Prior to June 24, 2019, the fund was called Invesco Russell mid-cap Equal Weight ETF that tracked the Russell mid-cap Pure Value Index under the ticker PXMV. The current index retains pure value flavor given its value weighting.
Classification
What's in the fund
Exposure type
Finance
Energy Minerals
Stock breakdown by region