QVML ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

The Invesco S&P 500 QVM Multi-factor ETF (QVML) is an equity ETF seeking to track the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index.

With $1.45 billion in assets under management, QVML aims to provide exposure to S&P 500 companies exhibiting quality, value, and momentum characteristics. The fund's expense ratio is 0.11%, making it a cost-competitive option for investors seeking a multi-factor approach to S&P 500 exposure.

Invesco S&P 500 QVM Multi-factor ETF (QVML) ETF — Price, Holdings & Analysis

The Invesco S&P 500 QVM Multi-factor ETF (QVML) is an equity ETF seeking to track the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index. With $1.45 billion in assets under management, QVML aims to provide exposure to S&P 500 companies exhibiting quality, value, and momentum characteristics. The fund's expense ratio is 0.11%, making it a cost-competitive option for investors seeking a multi-factor approach to S&P 500 exposure.

ETF Overview

The Invesco S&P 500 QVM Multi-factor ETF (Fund) is based on the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of a subset of securities from the S&P 500 Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December.

QVML aims to capture the performance of S&P 500 stocks that exhibit quality, value, and momentum characteristics. The fund invests at least 90% of its assets in stocks within the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index. This index selects stocks based on a combination of factors, seeking companies with strong fundamentals, attractive valuations, and positive price momentum. The fund rebalances quarterly in March, June, September, and December. QVML's top holdings reflect its factor-based approach, with significant allocations to technology companies like NVIDIA Corp (7.51%), Apple Inc (7.08%), and Alphabet Inc Class C (5.53%). The fund's sector allocation is heavily weighted towards Technology (33.8%), followed by Financial Services (12.8%) and Communication Services (11.1%). This ETF is suitable for investors seeking diversified exposure to large-cap U.S. equities with a focus on quality, value, and momentum factors.

Risk Metrics

QVML, while diversified across approximately 450 holdings, exhibits concentration risk due to its significant allocation to its top holdings. NVIDIA Corp and Apple Inc together account for over 14% of the fund's assets. The fund's sector allocation also presents a risk, with over 33% of assets invested in the Technology sector, making it susceptible to fluctuations in that sector. With a beta of 0.96, QVML's volatility is slightly lower than the overall market. The fund's expense ratio of 0.11% introduces a minor expense drag on returns, but it is relatively low compared to other factor-based ETFs. These factors when evaluating QVML's risk profile may be worth researching. Past performance does not guarantee future results.

Expense Ratio

0.11%

What does QVML hold?

Holding	Weight
NVIDIA Corp (NVDA)	7.51%
Apple Inc (AAPL)	7.08%
Alphabet Inc Class C (GOOG)	5.53%
Microsoft Corp (MSFT)	5.41%
Amazon.com Inc (AMZN)	3.71%
Broadcom Inc (AVGO)	2.65%
Meta Platforms Inc Class A (META)	2.53%
Tesla Inc (TSLA)	1.95%
Berkshire Hathaway Inc Class B (BRK-B)	1.75%
Eli Lilly and Co (LLY)	1.64%

How Is the Fund Allocated?

Sector	Weight
Technology	33.8%
Financial Services	12.8%
Communication Services	11.1%
Healthcare	9.5%
Consumer Cyclical	8.8%
Industrials	8.1%
Consumer Defensive	5.9%
Energy	3.6%
Utilities	2.8%
Basic Materials	1.8%
Real Estate	1.6%

Country	Weight
United States	97.5%
Ireland	1.4%
United Kingdom	0.6%
Switzerland	0.3%
Bermuda	0.1%
Netherlands	0.1%
Other	0.0%
Canada	0.0%

Dividend Yield

1.09%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) (Fixed Income) — 0.28% expense ratio
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) (Equity) — 0.60% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio

Risk Metrics

Beta: 0.96

Questions & Answers

What is QVML and what does it track?

QVML, or the Invesco S&P 500 QVM Multi-factor ETF, is designed to track the performance of the S&P 500 Quality, Value & Momentum Top 90% Multi-factor Index.

This index is a subset of the S&P 500, selecting companies that exhibit a combination of quality, value, and momentum characteristics.

What is the expense ratio for QVML?

The expense ratio for QVML is 0.11%. This means that for every $10,000 invested in the fund, investors will pay $11 in annual expenses.

Compared to the average expense ratio for equity ETFs, which is approximately 0.44%, QVML's expense ratio is significantly lower. This lower expense ratio can help improve long-term returns for investors by reducing the cost of owning the fund.

What are the top holdings in QVML?

As of 2026-03-15, QVML's top holdings include some of the largest and most influential companies in the S&P 500.

The top five holdings are NVIDIA Corp (7.51%), Apple Inc (7.08%), Alphabet Inc Class C (5.53%), Microsoft Corp (5.41%), and Amazon.com Inc (3.71%). These companies represent a significant portion of the fund's assets and reflect its focus on quality, value, and momentum factors within the large-cap U.S. equity market.

Is QVML a good long-term investment?

QVML's suitability as a long-term investment depends on an individual investor's goals and risk tolerance. The fund offers exposure to large-cap U.S. equities with a focus on quality, value, and momentum factors.

Its expense ratio of 0.11% is relatively low, which can benefit long-term returns.

How does QVML compare to similar ETFs?

QVML competes with other multi-factor ETFs that aim to provide enhanced returns by targeting specific factors. Compared to some of its competitors, QVML has a relatively low expense ratio of 0.11%.

As of 2026-03-15, QVML has $1.45 billion in assets under management, which is a moderate size compared to other established multi-factor ETFs.

Does QVML pay dividends?

Yes, QVML does pay dividends. The current dividend yield for QVML is 1.09%. This means that investors can expect to receive approximately 1.09% of their investment in annual dividend payments.

Dividend payments can provide a source of income for investors and can also contribute to the fund's total return over time.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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