Product description

The Invesco S&P 500 QVM UCITS ETF Dist aims to provide investors with investment results which, before expenses, correspond to the price and yield performance of S&P 500 Quality, Value & Momentum Multi-factor Net Total Return Index (a multi-factor index) in US dollar terms by holding, as far as practicable, all of the Index’s constituents in their respective weighting. The index constituent universe is reviewed twice a year, in June and December.

The S&P 500 Quality, Value & Momentum Multi-factor Net Total Return Index ("the Benchmark") aims to represent the performance of those companies within the S&P 500 Index which have the highest aggregate exposure to three investment factors: quality, value and momentum. To determine the components of the Benchmark, all companies included in the S&P 500 Index are assigned scores based on their performance against these three factors. These scores are then combined on an equal-weighted basis into a final factor composite. All companies are then ranked by their final factor composite with the top 100 companies being selected for inclusion in the Index, subject to a buffer rule which aims to reduce turnover. The weight for each component in the Benchmark will range between 0.05% and the lessor of 5.0% of the Benchmark or 20 times its market capitalisation weight. The weight of each sector is capped at 40% for the purposes of seeking to avoid sector concentration. 

Information about the index & index sponsor - You can view further information by visiting the S&P Dow Jones Indices website. Please note that, by using this link, you will be leaving the Invesco website. Any views and opinions expressed subsequently are not those of Invesco.

Key information

Bloomberg ticker PQVM LN
Benchmark BBG ticker SPXQVMUN
Management fee 0.35%
NAV (25 Jan 2021) $37.76
AUM $5,664,745
Base currency USD
Umbrella AUM (22 Jan 2021) $6,562,307,870

ESG Characteristics

(Index 21 Jan 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.15
Carbon Intensity 68.98

Source: MSCI ESG Research. For more information on ESG characteristics, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).

Key documents

Key risks

Shares of companies are generally considered high risk investments and may result in fluctuations in the value of the Fund due to external factors.

Although the Investment Manager will continually monitor the return of the Fund in comparison to the performance of the relevant Index, there can be no guarantee that the Fund will match the performance of the Index.

If the Fund is unable to hold the securities in the exact proportion required this will affect its ability to track the Index.

In tracking the Index, the Fund will be concentrated in a single country or a small number of countries.

Investors should be prepared to accept a higher degree of risk than for a fund that is geographically diversified.

As the shares of the Fund are listed on one or more stock exchange(s) there may be insufficient demand to buy or sell the shares which may cause the price to be different than the actual value of the net asset value of the Fund.

Return on your investment may be adversely affected by variations in exchange rates.


The performance information on this web page refers to past performance and simulated performance. Performance of the S&P 500 Quality, Value & Momentum Multi-factor Net Total Return Index prior to 30 January 2017 has been simulated by S&P 500. Simulated performance is calculated using the index rules. Past performance (actual or simulated) is not a reliable indicator of future performance. 
The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.
Simulated performance data: the historical performance of the S&P 500 Quality, Value & Momentum Multi-factor Net Total Return Index (the “Index”) is simulated and uses hypothetical circumstances to estimate how the Index might have performed prior to its actual existence. Invesco provides no assurance or guarantee that the Index will operate or would have operated in the past in a manner consistent with the simulations provided.