Description

The Invesco S&P 500 QVM UCITS ETF is designed to mirror the net total return performance of the S&P 500 Quality, Value & Momentum Multi-factor Index (its "Reference Index"), after accounting for fees. This fund issues distributions to investors every quarter. The Reference Index seeks to encompass companies within the broader S&P 500 Index that exhibit the highest overall exposure to three critical investment characteristics: quality, value, and momentum. The selection process involves evaluating all companies in the S&P 500 and assigning individual scores for their performance against these three factors. These scores are then combined with equal weighting to produce a final composite factor score. The hundred top-ranked companies are chosen for index inclusion, with a buffer mechanism in place to limit frequent portfolio changes. Each component's weight within the Benchmark is set to fall between a minimum of 0.05% and the smaller of 5% or 20 times its market capitalization weight. To mitigate excessive concentration, the weight of any single sector is capped at 40%. The fund achieves its objective by, as far as practically possible, holding all securities found in the Reference Index in their appropriate proportions. Its portfolio is adjusted in parallel with changes to the Reference Index, which itself is reviewed and rebalanced on a quarterly cycle. This ETF is passively managed; therefore, an investment represents the purchase of units in an index-tracking fund, rather than direct ownership of the underlying assets it holds.