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Sunday, August 23, 2026The Morning Brief →Sign in

Invesco S&P MidCap 400 GARP ETF

$144.60+0.92% today
11314552-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to track the performance of the top 60 growth stocks in the S&P MidCap 400® Index with relatively high quality and value composite scores, which are computed pursuant to the index methodology.

Price & daily flows
137.8128.8119.8144.60DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +19.9% so far this year. At 0.35% a year it is not the cheapest way in — FLOW runs the same ground at 0.25%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$509Massets under management
0.35%expense ratio · $35 per $10,000 a year
net flow, trailing month
7Kavg daily volume, 30 days
58holdings
2010listed December 2, 2010 · beta 0.79
The book at a glance
HL-0.5%HALO+1.9%IDCC+0.1%DUOL-0.6%APPF+2.5%ANF+3.8%KNSL+0.6%PCTY+0.6%MEDP+1.3%RNR+0.4%SN+0.4%FTI-0.2%THC+3.0%QLYS-0.1%GMED+1.4%HLNE+1.2%LNTH-0.3%SLM+2.4%DOCU-0.4%EXEL+0.7%MANH+1.6%CRS+0.7%TTEK+1.2%DOCS-2.4%VAL-1.4%EXLS+1.3%NBIX-0.2%MORN-0.7%RGA+0.2%OSK+2.9%CHWY+0.6%TXRH+1.6%GHC+1.3%CHH+0.3%THG+0.0%BYD-0.2%UTHR-1.5%EEFT+1.0%WFRD-0.8%EHC-0.5%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1HLHECLA MINING2.98%$20.72-0.5%
2HALOHALOZYME THERAPEUTICS2.77%$108.17+1.9%
3IDCCINTERDIGITAL2.78%$342.42+0.1%
4DUOLDUOLINGO2.80%$146.13-0.6%
5APPFAPPFOLIO2.52%$224.40+2.5%
6ANFABERCROMBIE & FITCH2.37%$109.01+3.8%
7KNSLKINSALE CAPITAL GROUP2.43%$383.55+0.6%
8PCTYPAYLOCITY HOLDING2.32%$153.34+0.6%
9MEDPMEDPACE HOLDINGS2.28%$620.75+1.3%
10RNRRENAISSANCERE HOLDINGS2.28%$323.45+0.4%
11SNSHARKNINJA2.25%$180.76+0.4%
12FTITECHNIPFMC2.26%$77.45-0.2%
13THCTENET HEALTHCARE2.18%$280.77+3.0%
14QLYSQUALYS2.06%$181.98-0.1%
15GMEDGLOBUS MEDICAL2.00%$86.91+1.4%

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Sector weights
Consumer Discretionary28.76%
Consumer Cyclical24.57%
Energy Minerals19.24%
Energy17.52%
Industrials15.71%
Financial Services12.39%
Financials12.2%
Electronic Technology10.44%
Information Technology9.93%
Retail Trade9.87%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States97.07%
United Kingdom2.93%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.9%
1 month+10.7%
3 months+14.0%
6 months+16.0%
YTD+19.9%
1 year+21.7%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
15%realized volatility, 30 days (annualized)
15%realized volatility, 1 year
-7.9%deepest fall from a peak, 1 year
at peakwhere it sits vs. that peak today

The top holding is 3.0% of the book; the top ten carry 26%. Spread across 62+ names, it behaves like roughly 55 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
7Kshares traded
Most-traded holdings, options premiumBullishBearish
FN FABRINET$4M$6M
QLYS QUALYS$5M$5M
HL HECLA MINING$7M$3M
CRS CARPENTER TECHNOLOGY$456,613$5M
NBIX NEUROCRINE BIOSCIENCES$1M$4M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against GRPM

Due diligence cuts both ways. These funds sit on the same shelf and beat GRPM on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-30bp on fee · 252× the assets · +$547M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-31bp on fee · 3× the assets · +$15M in over the monthHead-to-head
VO Vanguard Mid Cap Index Fund0.04%$68.1B-31bp on fee · 134× the assetsHead-to-head
IMCG iShares Morningstar Mid-Cap Growth ETF0.06%$4.2B+$69M-29bp on fee · 8× the assets · +$69M in over the monthHead-to-head
IMCV iShares Morningstar Mid-Cap Value ETF0.06%$1.2B+$20M-29bp on fee · 2× the assets · +$20M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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