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

Invesco S&P SmallCap Financials ETF

$66.68+0.71% today
546852-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC (the “index provider”) compiles, maintains and calculates the underlying index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the financials and real estate sectors, as defined by the Global Industry Classification Standard (“GICS ® ”).

Price & daily flows
65.361.357.366.68DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$8M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$3M of net buying over the past month, about 11.0% of the fund's asset base, while the price has returned +15.6% so far this year. At 0.29% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.

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

$30Massets under management
0.29%expense ratio · $29 per $10,000 a year
+$3Mnet flow, trailing month
5Kavg daily volume, 30 days
172holdings · US-domiciled
2010listed April 6, 2010 · beta 0.65
The book at a glance
JXN+0.6%RHP-0.1%TRNO-0.3%SNEX+3.4%LNC+0.4%MAC-1.3%EPRT-1.1%ENVA+2.3%AUB+0.3%MKTX+0.1%RITM+0.3%VIRT+11.0%AX+0.7%ABCB+0.1%VCTR+2.3%PIPR+3.0%MC+2.1%HASI-2.8%PECO-0.4%LAZ+3.2%RDN-0.2%EBC+0.0%MRP-0.6%RELY+7.9%OUT+0.2%PJT+2.4%FULT+0.1%SKT-0.0%BGC+8.9%FBP+1.1%BFH+2.6%UCB+0.1%WSFS-0.0%CATY-0.2%SLG-1.1%INDB+0.3%BNL-0.4%WSBC-0.0%RNST-0.8%GNW+0.2%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1JXNJACKSON FINANCIAL1.95%$129.88+0.6%
2RHPRYMAN HOSPITALITY PROPERTIES1.90%$128.50-0.1%
3TRNOTERRENO REALTY1.58%$68.17-0.3%
4SNEXSTONEX GROUP1.52%$68.47+3.4%
5LNCLINCOLN NATIONAL1.55%$42.15+0.4%
6MACMACERICH1.52%$24.38-1.3%
7EPRTESSENTIAL PROPERTIES REALTY TRUST1.46%$30.84-1.1%
8ENVAENOVA INTERNATIONAL1.29%$242.93+2.3%
9AUBATLANTIC UNION BANKSHARES1.28%$41.15+0.3%
10MKTXMARKETAXESS HOLDINGS1.26%$162.11+0.1%
11RITMRITHM CAPITAL1.23%$10.19+0.3%
12VIRTVIRTU FINANCIAL1.08%$67.93+11.0%
13AXAXOS FINANCIAL1.18%$96.66+0.7%
14ABCBAMERIS BANCORP1.18%$86.20+0.1%
15VCTRVICTORY CAPITAL HOLDINGS1.13%$115.63+2.3%

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Performance
1 week-1.7%
1 month+1.0%
3 months+8.3%
6 months+9.9%
YTD+15.6%
1 year+13.7%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$3M
1 month+$3M
3 months+$4M
YTD+$8M
1 year+$8M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
14%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-10.2%deepest fall from a peak, 1 year
-2.4%where it sits vs. that peak today

The top holding is 2.0% of the book; the top ten carry 15%. Spread across 164+ names, it behaves like roughly 120 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
DAVE DAVE$5M$3M
MPT Medical Properties Trust$206,578$735,458
JXN JACKSON FINANCIAL$377,672$314,274
EZPW EZCORP$208,652$296,283
VIRT VIRTU FINANCIAL$297,311$177,824

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

The case against PSCF

Due diligence cuts both ways. These funds sit on the same shelf and beat PSCF 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-24bp on fee · 4212× the assets · +$547M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-25bp on fee · 57× the assets · +$15M in over the monthHead-to-head
VO Vanguard Mid Cap Index Fund0.04%$68.1B-25bp on fee · 2235× the assetsHead-to-head
IMCG iShares Morningstar Mid-Cap Growth ETF0.06%$4.2B+$69M-23bp on fee · 138× the assets · +$69M in over the monthHead-to-head
IMCV iShares Morningstar Mid-Cap Value ETF0.06%$1.2B+$20M-23bp on fee · 39× 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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