| Investment Objective: |
The Invesco S&P 500 Concentrated QVM ETF (Fund) is based on the S&P Quality, Value, & Momentum Multi-factor Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500 Index that have the highest "value score." The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of June and December. Constituents are weighted by their market capitalization and their value score. The Quality score of each stock is based on the following three fundamental measures (i) return on equity, (ii) accruals ratio, and (iii) financial leverage ratio (the Quality score of companies in the Financials or Real Estate sectors according to the Global Industry Classification Standard ("GICS") is based only on the return on equity and financial leverage ratio measures). The Value score of each stock is based on the following three fundamental measures (i) book value-to-price ratio (ii) earnings-to-price ratio, and (iii) sales-to-price ratio. |
