Invesco Russell 1000 Value Factor ETF
Data updated: 2020-01-29
C000209107 — Invesco Russell 1000 Value Factor ETF. United States Large Cap Value Equity · $7.28M AUM. Holdings, fees, performance and SEC filings.
C000209107 Fund Overview
Invesco Russell 1000 Value Factor ETF is a US ETF managed by Invesco Exchange-Traded Fund Trust II, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Invesco Exchange-Traded Fund Trust II
- Category: United States Large Cap Value Equity
- Assets under management: $7.28M
- SEC CIK: 0001378872
- SEC series ID: S000064591
- Share class ID: C000209107
C000209107 Investment Objective and Strategy
Invesco Russell 1000 Value Factor ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Invesco Exchange-Traded Fund Trust II.
Investment objective
The Invesco Russell 1000 ® Value Factor ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Russell 1000 Value Factor Index (the “Underlying Index”).
Principal investment strategy
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, Frank Russell Company (Frank Russell or the Index Provider) compiles, maintains, and calculates the Underlying Index, which includes a subset of the equity securities from the Russell 1000 Index (the Parent Index), an index comprised of the 1,000 largest-capitalization companies in the United States. To construct the Underlying Index, each constituent in the Parent Index is assigned a factor score based on the extent to which the constituent exhibits greater value characteristics relative to the other constituents in the Parent Index. A companys value factor score is based on an equally-weighted composite of cash flow yield, earnings yield, and sales to price ratio, calculated based on the companys total market capitalization and information reported in the companys most recent annual financial statement.
An initial weight for each security is determined from the product of the securitys factor score and its weight in the Parent Index. These weights are adjusted to ensure that each constituent and the Underlying Index as a whole satisfy certain constraints with respect to factor exposure, diversification, liquidity, industry exposure, maximum security and minimum security weights, as compared to the Parent Index. Securities in the Parent Index are excluded from the Underlying Index if their relevant factor characteristics fall below an algorithmically-determined threshold, or if their adjusted weights fall below a certain de minimis amount. As of August 31, 2019, the Underlying Index was comprised of 661 securities with market capitalizations ranging from $1.57 billion to $959.94 billion. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
C000209107 Costs and Fees
C000209107 costs about $19 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.19%
- Gross expense ratio: 0.19%
- Portfolio turnover: 0%
- Brokerage commissions: 0.83 bps of average net assets (SEC N-CEN)
C000209107 Cashflows
Over the 12 months to 2019-11, Invesco Russell 1000 Value Factor ETF had net outflows of $41.29K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-11 | −$41.29K |
| 2019-10 | $0 |
| 2019-09 | $0 |
C000209107 Debt Constituents
No individual debt constituents are reported in Invesco Russell 1000 Value Factor ETF's latest SEC N-PORT filing.
C000209107 Prospectus and SEC Filings
Official Invesco Russell 1000 Value Factor ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.