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Monday, August 24, 2026The Morning Brief →Sign in

Invesco S&P MidCap Value with Momentum ETF

$74.85+0.58% today
587652-WK

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 80 stocks in the S&P MidCap 400® Index that have the highest "value" and "momentum" scores.

Price & daily flows
75.475.074.574.85DAILY NET FLOWJul 24Aug 4Aug 12Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1M SHOWN · NET +$11M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$11M of net buying over the past month, about 2.1% of the fund's asset base, while the price has returned +15.6% so far this year. At 0.39% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

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

$511Massets under management
0.39%expense ratio · $39 per $10,000 a year
+$11Mnet flow, trailing month
30Kavg daily volume, 30 days
79holdings · US-domiciled
2005listed March 2, 2005 · beta 0.55
The book at a glance
PBF+5.7%DINO+5.0%M+1.1%THC+3.0%PAG+0.1%AN-0.3%GEF+1.7%RNR+0.4%AVT+2.0%JLL+0.8%CNX-0.3%LEA+2.5%ARW+2.0%FAF-0.3%ASB+0.3%OZK+0.3%NLY-0.6%ORI-0.5%ALLY+1.5%THG+0.0%FNB+0.0%OSK+2.9%GHC+1.3%UGI-0.8%SNX-0.3%TOL+1.4%FLR+0.5%VOYA+0.3%WAL+0.7%ZION+0.4%UBSI+0.2%ONB-0.1%AGCO+2.7%MTDR-0.1%VLY+0.3%COLB-0.1%USFD+1.1%UMBF-0.5%TEX+3.6%OVV+0.2%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1PBFPBF ENERGY4.01%$73.53+5.7%
2DINOHF SINCLAIR2.31%$97.32+5.0%
3MMACY'S2.25%$22.82+1.1%
4THCTENET HEALTHCARE2.08%$280.77+3.0%
5PAGPENSKE AUTOMOTIVE GROUP2.10%$216.87+0.1%
6ANAUTONATION1.93%$199.49-0.3%
7GEFGREIF1.84%$87.91+1.7%
8RNRRENAISSANCERE HOLDINGS1.81%$323.45+0.4%
9AVTAVNET1.76%$88.64+2.0%
10JLLJONES LANG LASALLE1.78%$387.37+0.8%
11CNXCNX RESOURCES1.73%$36.36-0.3%
12LEALEAR1.67%$128.54+2.5%
13ARWARROW ELECTRONICS1.67%$210.85+2.0%
14FAFFIRST AMERICAN FINANCIAL1.63%$71.76-0.3%
15ASBASSOCIATED BANC-CORP1.58%$30.84+0.3%

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Sector weights
Financial Services35.58%
Financials34.64%
Consumer Discretionary23.01%
Finance18.64%
Energy Minerals15.56%
Consumer Cyclical15.28%
Energy11.89%
Consumer Durables9.99%
Producer Manufacturing9.81%
Information Technology9.18%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Bermuda2.43%
Ireland1.33%
United Kingdom1.24%
Other0.07%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.2%
1 month+0.9%
3 months+8.7%
6 months+8.9%
YTD+15.6%
1 year+26.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$2M
1 month+$11M
3 months+$22M
YTD+$140M
1 year+$149M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
10%realized volatility, 30 days (annualized)
14%realized volatility, 1 year
-9.2%deepest fall from a peak, 1 year
-1.2%where it sits vs. that peak today

The top holding is 4.0% of the book; the top ten carry 22%. Spread across 81+ names, it behaves like roughly 68 equally-weighted positions.

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

Options tape
calls today
puts today
put/call ratio
16Kshares traded
Most-traded holdings, options premiumBullishBearish
TEX TEREX$5M$294,710
DINO HF SINCLAIR$2M$1M
PBF PBF ENERGY$2M$437,118
SAN BANCO SANTANDER$1M$919,529
THC TENET HEALTHCARE$792,126$942,009

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

The case against XMVM

Due diligence cuts both ways. These funds sit on the same shelf and beat XMVM 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-34bp on fee · 251× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-35bp on fee · 66× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-35bp on fee · 55× the assets · +$103M in over the monthHead-to-head
ILCG iShares Morningstar Growth ETF0.04%$3.3B+$7M-35bp on fee · 6× the assets · +$7M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-35bp on fee · 3× the assets · +$15M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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