OMFS ETF — Holdings & Analysis

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an equity ETF with $0.25 billion in assets under management and an expense ratio of 0.39%.

OMFS aims to outperform the Russell 2000 index by dynamically re-weighting its holdings based on economic cycles and market conditions, using factors like value, momentum, quality, low volatility, and size. This multi-factor approach seeks to capture potential upside while managing risk in the small-cap space, differentiating it from passively managed Russell 2000 trackers.

Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) ETF — Price, Holdings & Analysis

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an equity ETF with $0.25 billion in assets under management and an expense ratio of 0.39%. OMFS aims to outperform the Russell 2000 index by dynamically re-weighting its holdings based on economic cycles and market conditions, using factors like value, momentum, quality, low volatility, and size. This multi-factor approach seeks to capture potential upside while managing risk in the small-cap space, differentiating it from passively managed Russell 2000 trackers.

ETF Overview

The Invesco Russell 2000 Dynamic Multifactor ETF (Fund) is based on the Russell 2000 Invesco Dynamic Multifactor Index (Index). The Fund will invest at least 80% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights small-cap securities of the Russell 2000 Index according to economic cycles and market conditions, reflected by expansion, slowdown, contraction or recovery. The securities are assigned a multi-factor score from one of five investment styles: value, momentum, quality, low volatility and size. The Fund and Index are reconstituted and rebalanced based on economic indicator signal changes, as frequently as monthly.For Illustrative Purposes Only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Factor investing is an investment strategy in which securities are chosen based on certain characteristics and attributes that may explain differences in returns. Factor investing may underperform cap-weighted benchmarks and increase portfolio risk.

OMFS, the Invesco Russell 2000 Dynamic Multifactor ETF, seeks to provide exposure to small-cap companies within the Russell 2000 index, but with a dynamic twist. Unlike traditional market-cap weighted ETFs, OMFS uses a rules-based approach to re-weight its holdings based on economic cycles and market conditions. The fund assigns a multi-factor score to securities, considering investment styles like value, momentum, quality, low volatility, and size. The fund's composition is reconstituted and rebalanced as frequently as monthly based on economic indicator signal changes. The top holdings include companies like Terex Corp (TEX) at 0.47%, Dana Inc (DAN) at 0.43%, and Compass Inc Class A (COMP) at 0.39%. Sector allocation is diverse, with significant exposure to Financial Services (19.1%), Industrials (14.9%), and Consumer Cyclical and Healthcare (both at 12.2%). This dynamic approach aims to capture potentially higher returns than a standard Russell 2000 index fund, but it also introduces complexity and the potential for increased turnover.

Risk Metrics

OMFS, while offering diversification across approximately 1694 holdings, carries certain risks. The dynamic multifactor strategy introduces complexity, and its success depends on the accuracy of the economic indicators and the effectiveness of the factor-based model. The fund's sector allocation, with significant exposure to Financial Services and Industrials, means it is sensitive to economic cycles and sector-specific downturns. With a beta of 1.11, OMFS exhibits slightly higher volatility than the broader market. The 0.39% expense ratio, while not excessive, will create a drag on performance over time. The fund's concentration in the United States (93.5%) exposes it to risks specific to the US economy and regulatory environment. Investors should also consider the potential for increased turnover due to the frequent rebalancing, which could lead to higher transaction costs.

Expense Ratio

0.39%

What does OMFS hold?

Holding	Weight
Terex Corp (TEX)	0.47%
Dana Inc (DAN)	0.43%
Compass Inc Class A (COMP)	0.39%
Constellium SE Class A (CSTM)	0.35%
Herbalife Ltd (HLF)	0.35%
Praxis Precision Medicines Inc Ordinary Shares (PRAX)	0.30%
Peabody Energy Corp (BTU)	0.28%
Viasat Inc (VSAT)	0.27%
International Seaways Inc (INSW)	0.27%
Delek US Holdings Inc Registered Shs Stock Settlement (DK)	0.27%

How Is the Fund Allocated?

Sector	Weight
Financial Services	19.1%
Industrials	14.9%
Consumer Cyclical	12.2%
Healthcare	12.2%
Technology	11.3%
Energy	8.7%
Real Estate	6.3%
Basic Materials	5.4%
Consumer Defensive	4.5%
Communication Services	3.0%
Utilities	2.4%

Country	Weight
United States	93.5%
Bermuda	1.8%
Canada	1.1%
United Kingdom	0.8%
Ireland	0.5%
Other	0.5%
Monaco	0.3%
Switzerland	0.3%
France	0.3%
Cayman Islands	0.3%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco S&P 500 QVM Multi-factor ETF (QVML) (Equity) — 0.11% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) (Fixed Income) — 0.28% expense ratio
Invesco Dividend Achievers ETF (PFM) (Equity) — 0.52% expense ratio

Risk Metrics

Beta: 1.11

Questions & Answers

What is OMFS and what does it track?

The Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an exchange-traded fund that aims to track the Russell 2000 Invesco Dynamic Multifactor Index. This index re-weights small-cap securities from the Russell 2000 based on economic cycles and market conditions.

The fund invests at least 80% of its total assets in the securities that comprise the Index.

What is the expense ratio for OMFS?

The expense ratio for OMFS is 0.39%. This means that for every $10,000 invested in the fund, $39 is used to cover the fund's operating expenses annually.

While 0.39% is not considered high, it's important to consider this cost when evaluating the fund's potential returns.

What are the top holdings in OMFS?

As of 2026-03-15, the top holdings in OMFS are Terex Corp (TEX) at 0.47%, Dana Inc (DAN) at 0.43%, and Compass Inc Class A (COMP) at 0.39%.

Constellium SE Class A (CSTM) and Herbalife Ltd (HLF) each hold 0.35% of the fund.

Is OMFS a good long-term investment?

Whether OMFS is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon.

OMFS offers exposure to the small-cap equity market with a dynamic multifactor strategy, which may provide the potential for outperformance compared to a traditional market-cap weighted index. However, the dynamic strategy also introduces complexity and may result in higher turnover.

How does OMFS compare to similar ETFs?

OMFS differentiates itself from other small-cap ETFs through its dynamic multifactor strategy. While many ETFs track the Russell 2000 index using a market-cap weighted approach, OMFS actively re-weights its holdings based on economic cycles and market conditions.

Its expense ratio of 0.39% is competitive within the category.

Does OMFS pay dividends?

As of 2026-03-15, the Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

While the fund invests in dividend-paying stocks, the overall yield is offset by the fund's expenses and the weighting of non-dividend-paying stocks in the portfolio.