Fund components

Sector exposure

as of 3 Aug 2021 (%)

Country exposure

as of 3 Aug 2021 (%)

Top 10 Exposures as of 3 Aug 2021 (%)

Name ISIN Weight
APPLE INC USD0.00001 US0378331005 5.76%
BANK OF AMERICA CORP USD0.01 US0605051046 4.53%
BERKSHIRE HATHAWAY INC-CL B USD0.0033 US0846707026 4.36%
JPMORGAN CHASE & CO USD1 US46625H1005 4.19%
WELLS FARGO & CO USD1.666 US9497461015 3.95%
UNITED PARCEL SERVICE-CL B USD0.01 US9113121068 3.91%
TARGET CORP USD0.0833 US87612E1064 3.90%
APPLIED MATERIALS INC USD0.01 US0382221051 3.16%
DEERE & CO USD1 US2441991054 2.58%
CVS HEALTH CORP USD0.01 US1266501006 2.39%

Securities lending

 

What is Securities Lending?

Securities Lending is a well-established and tightly regulated practice involving the short-term transfer (loan) of securities. The objective is to enhance the ETF’s overall performance.

When a security is loaned, the borrower (who has been approved by Invesco and the Lending Agent) provides collateral and pays an agreed fee for the duration of the loan. Collateral is an asset that a lender accepts as security for a loan. If the borrower defaults on the loan payments, the lender can seize the collateral and resell it to recoup its losses.

 

How much revenue goes to the ETF?

The ETF will receive 90% of the revenue arising from securities lending, with the remaining 10% deducted by the Lending Agent, Bank of New York Mellon (BNY Mellon), for its fees and to cover direct and indirect operational costs. Invesco will not receive any revenue from the programme.

Risks to consider
Securities lending involves certain risks that an investor should consider, including:

  • The risk of the borrower defaulting on its obligation to return the securities at the end of the loan period, and
  • The risk of the ETF being unable to sell the collateral provided to it if the borrower defaults.

To mitigate these risks, the ETF benefits from a “borrower default indemnity” provided by the Lending Agent, BNY Mellon. The indemnity allows for full replacement of the securities loaned if the collateral does not cover the value of the securities in the event of a borrower default.

To find out more view the Invesco ETFs Securities Lending document in our Documents section.

Securities lending information

Percentage revenue retained by the fund 90%
Maximum amount of fund assets that can be loaned 15%
Maximum amount of any single security that can be loaned 90%

Assets on Loan

as of 3 Aug 2021 (%)

Key information

Bloomberg ticker PQVM LN
ISIN IE00BDZCKK11
Benchmark BBG ticker SPXQVMUN
Management fee 0.35%
NAV (4 Aug 2021) $42.42
AUM $4,241,969
Base currency USD
Securities lending Yes
Umbrella AUM (3 Aug 2021) $7,144,072,911

ESG Profile

(Fund 3 Aug 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.81
Carbon Intensity 75.51

Source: MSCI ESG Research. For more information on the ESG profile, 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.