OMFL
Invesco Russell 1000 Dynamic Multifactor ETF

Price: $54.08
Change: $0.39 (0.01%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.29%
ETF Home Page Home page
Inception Nov 08, 2017

Analyst Report

The Invesco Russell 1000 Dynamic Multifactor ETF applies a proprietary index strategy to investing in large-cap U.S. companies. Invesco starts with the Russell 1000 index of the largest U.S. companies, then assesses the prevailing economic environment and market conditions. Companies are scored based on the factors that are most relevant given the overall outlook. Invesco looks at economic and market barometers such as consumer sentiment, construction activity, manufacturing gauges and labor market conditions to determine whether the economy is expanding, slowing, contracting or recovering, and then scores stocks accordingly. During recovery or expansion, the fund targets company size and value, while during a slowdown or contraction the fund focuses on stocks with healthier balance sheets and reduced susceptibility to market swings. In both expanding or contracting conditions, the fund also targets momentum stocks. The methodology excludes stocks whose multi-factor score falls below certain relative thresholds. The remaining stocks are weighted based on both the multi-factor score and the company’s weight in the baseline index. Money managers have long recognized that certain factors, when deployed during certain market conditions, consistently reward investors. Factor ETFs have proliferated in recent years and there are many active and passive ETF options that target different factors. Some funds combine factors while others target a single factor. The result of OMFL’s methodology is a portfolio that can diverge significantly from a plain-vanilla Russell 1000 ETF. The industry and sector mix may look different, and OMFL tends to have a larger allocation to mid-cap stocks than some traditional large-cap index funds. OMFL may not own the full roster of companies in the Russell 1000 but the fund still owns a diversified mix of hundreds of U.S. equities. For believers in Invesco’s multi-factor approach, the fund could be a good complement to a core portfolio allocation, and may even replace a traditional large-cap holding like an S&P 500 fund. However, investors should note that the fund fees, while reasonable for a factor strategy, are higher than ultra-low cost options from rival firms. Despite the higher fees, OMFL has had significant periods of outperformance compared with funds pegged to the S&P 500 and Russell 1000 indices. OMFL has also beat some of its factor competitors in the space. Though past performance is no guarantee of future results, that makes the fund a compelling choice, especially for factor adherents. Investors should compare price, performance and portfolio against other large-cap U.S. equity ETFs, both plain-vanilla and factor strategies.

ETF Database Themes

Asset Class Equity
Asset Class Size Mid-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Large Cap
Category Size and Style
Focus Large Cap
Niche Broad-based
Strategy Multi-factor
Weighting Scheme Multi-Factor

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $42.52
  • 52 Week Hi $54.98
  • AUM $5,434.1 M
  • Shares 101.2 M

Historical Trading Data

  • 1 Month Avg. Volume 723,227
  • 3 Month Avg. Volume 740,986

Alternative ETFs in the ETF Database Large Cap Blend Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPLG 0.02% $47.6 B 7 M 24.17%
Largest (AUM) RSP 0.20% $65.8 B 6 M 15.32%
Most Liquid (Volume) SCHD 0.06% $63.3 B 9 M 15.47%
Top YTD Performer SEIM 0.15% $522.4 M 26,994 33.86%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $2.9 B 107,465 24.23%
Largest (AUM) SPY 0.09% $588.3 B 52 M 24.09%
Most Liquid (Volume) SPY 0.09% $588.3 B 52 M 24.09%
Top YTD Performer SPMO 0.13% $2.7 B 928,885 44.31%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

OMFL ETF Database Category Average FactSet Segment Average
Number of Holdings 251 205 109
% of Assets in Top 10 42.45% 43.28% 67.25%
% of Assets in Top 15 53.02% 49.68% 71.06%
% of Assets in Top 50 77.91% 74.08% 84.40%

Size Comparison

OMFL ETF Database Category Average FactSet Segment Average
Large (>12.9B) 98.58% 65.88% 39.03%
Mid (>2.7B) 1.36% 6.26% 2.21%
Small (>600M) 0.00% 0.43% 0.07%
Micro (<600M) 0.00% 0.06% 0.20%

OMFL Valuation

This section compares the P/E ratio of this ETF to its peers.

OMFL
P/E Ratio
10.26
ETF Database Category Average
P/E Ratio
7.26
FactSet Segment Average
P/E Ratio
4.15

OMFL Dividend

This section compares the dividend yield of this ETF to its peers.

OMFL ETF Database Category Average FactSet Segment Average
Dividend $ 0.11 $ 0.31 $ 0.18
Dividend Date 2024-09-23 N/A N/A
Annual Dividend Rate $ 0.70 $ 1.15 $ 0.70
Annual Dividend Yield 1.30% 2.33% 1.55%

OMFL Price and Volume Charts

View charts featuring OMFL price and volume data.

OMFL Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 297.1 M 1 Month Net Flows: -8.48 M 3 Month Net Flows: -652.19 M 6 Month Net Flows: -792.19 M 1 Year Net Flows: 29.21 M 3 Year Net Flows: 3.14 B 5 Year Net Flows: 3.22 B 10 Year Net Flows: 4.16 B

OMFL Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 358.03 M
1 Month Net AUM Change: 331.09 M
3 Month Net AUM Change: -458.39 M
6 Month Net AUM Change: -960.61 M
1 Year Net AUM Change: 829.3 M
3 Year Net AUM Change: 3.7 B
5 Year Net AUM Change: 4.39 B
10 Year Net AUM Change: 5.39 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for OMFL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Large Cap Blend Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A RSP
Expenses B+ SPLG
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

OMFL Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

OMFL
Expense Ratio
0.29%
ETF Database Category Average
Expense Ratio
0.49%
FactSet Segment Average
Expense Ratio
0.60%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.6/10
ESG Score
51.85%
Global Percentile
29.24%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      5.01%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      175.56
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      5.01%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      6.07%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

OMFL Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

OMFL ETF Database
Category Average
Factset Segment
Average
1 Month Return 3.91% 3.54% 2.43%
3 Month Return 5.28% 5.31% 3.44%
YTD Return 6.36% 16.88% 11.34%
1 Year Return 20.96% 27.50% 17.42%
3 Year Return 6.11% 6.49% 4.29%
5 Year Return 13.87% 5.89% 3.22%

Geographic Exposure

The following charts reflect the geographic spread of OMFL's underlying holdings.

Region Percentage
North, Central and South America 99.99%
Other 0.0%
Country Percentage
United States 96.38%
Ireland 1.99%
United Kingdom 0.65%
Switzerland 0.5%
Bermuda 0.36%
Other 0.06%
Luxembourg 0.05%

Holdings Analysis

The following charts reflect the allocation of OMFL's underlying holdings.

Sector Percentage
Technology Services 20.23%
Electronic Technology 17.55%
Retail Trade 15.28%
Finance 9.02%
Health Technology 8.26%
Producer Manufacturing 7.05%
Commercial Services 6.03%
Consumer Non-Durables 3.17%
Consumer Services 3.0%
Distribution Services 2.25%
Health Services 1.75%
Process Industries 1.44%
Energy Minerals 0.99%
Industrial Services 0.98%
Utilities 0.74%
Communications 0.7%
Non-Energy Minerals 0.62%
Consumer Durables 0.52%
Transportation 0.35%
Miscellaneous 0.06%
CASH 0.0%
Other 0.0%
Market Cap Percentage
Large 98.58%
Mid 1.36%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.93%
Open-ended Fund 0.06%
Other 0.0%
CASH 0.0%
Sector Percentage
Technology Services 20.23%
Electronic Technology 17.55%
Retail Trade 15.28%
Finance 9.02%
Health Technology 8.26%
Producer Manufacturing 7.05%
Commercial Services 6.03%
Consumer Non-Durables 3.17%
Consumer Services 3.0%
Distribution Services 2.25%
Health Services 1.75%
Process Industries 1.44%
Energy Minerals 0.99%
Industrial Services 0.98%
Utilities 0.74%
Communications 0.7%
Non-Energy Minerals 0.62%
Consumer Durables 0.52%
Transportation 0.35%
Miscellaneous 0.06%
CASH 0.0%
Other 0.0%

OMFL Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 102.53%
20 Day Volatility 9.98%
50 Day Volatility 15.01%
200 Day Volatility 15.52%
Beta 0.98
Standard Deviation 2.69%
5 Day Volatility
102.53%
Rank
13 of 173

20 Day Volatility
9.98%
Rank
54 of 173

50 Day Volatility
15.01%
Rank
41 of 173

200 Day Volatility
15.52%
Rank
26 of 173

Beta
0.98
Rank
54 of 160

Standard Deviation
2.69%
Rank
85 of 171

Technicals

  • 20 Day MA $52.89
  • 60 Day MA $51.30
  • MACD 15 Period 1.04
  • MACD 100 Period 2.40
  • Williams % Range 10 Day 4.66
  • Williams % Range 20 Day 3.78
  • RSI 10 Day 71
  • RSI 20 Day 64
  • RSI 30 Day 60
  • Ultimate Oscillator 70

Bollinger Bands

  • Lower Bollinger (10 Day) $52.09
  • Upper Bollinger (10 Day) $54.02
  • Lower Bollinger (20 Day) $51.98
  • Upper Bollinger (20 Day) $53.75
  • Lower Bollinger (30 Day) $50.25
  • Upper Bollinger (30 Day) $54.27

Support & Resistance

  • Support Level 1 $53.89
  • Support Level 2 $53.70
  • Resistance Level 1 $54.22
  • Resistance Level 2 $54.36

Stochastic

  • Stochastic Oscillator %D (1 Day) 75.35
  • Stochastic Oscillator %D (5 Day) 87.41
  • Stochastic Oscillator %K (1 Day) 71.46
  • Stochastic Oscillator %K (5 Day) 77.72

Tradability

  • Tracking Difference Median (%) -0.38
  • Tracking Difference Max Upside (%) -0.33
  • Tracking Difference Max Downside (%) -0.44
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 0.08
  • Average Spread (%) 1.23
  • Average Spread ($) 1.23

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the OMFL ETF home page for more information.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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