QVMT: Invesco S&P 500 Enhanced Value ETF
Invesco S&P 500 Enhanced Value ETF (QVMT)
The Invesco S&P 500 Enhanced Value ETF (ticker: QVMT) is an exchange-traded fund designed to focus on "value" stocks within the S&P 500. This means it looks for companies that may be priced lower relative to their actual worth.
What this ETF is trying to do
QVMT seeks to provide exposure to large U.S. companies that fit a specific "value" style. Instead of just following the whole market, it focuses on certain stocks that meet these criteria. The fund holds 102 total holdings.
Top Holdings:
• Apple Inc (5.65%)
• ExxonMobil Holdings Corp (5.35%)
• Sandisk Corp Ordinary Shares (5.15%)
• Lam Research Corp (5.05%)
• GE Vernova Inc (4.86%)
• Caterpillar Inc (4.69%)
• Cisco Systems Inc (4.48%)
• Western Digital Corp (3.44%)
• KLA Corp (3.25%)
• Newmont Corp (2.68%)
*Note: This list is a partial view of the top holdings and can change over time.*
What the numbers show
When looking at an ETF, it is important to distinguish between price return (how much the share price moved) and total return (the price change plus any cash distributions received).
• Year-to-Date (YTD): The price return is approximately 14.63%, while the total return is approximately 15.96%.
• One-Year: The price return was approximately 20.86%, and the total return was approximately 23.02%.
• Three-Year: The price return was approximately 64.94%, and the total return was approximately 77.39%.
An estimated price from roughly one year ago was $54.15, compared to the current price of $65.44.
Income and distribution explanation
QVMT provides cash distributions to investors. The current distribution yield is approximately 1.66%. This represents the cash paid out relative to the ETF's price. The fund usually pays these distributions on a quarterly basis, with 4 payments made over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price movement, the fund has an erosion-risk score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• Strong Price Growth: The fund has shown significant positive price returns over the one-year and three-year periods.
• Positive Total Returns: The total returns are higher than the price returns, showing that distributions have added to the overall value.
Cons
• Lower Yield: Compared to some specialized income funds, a 1.66% distribution yield may be considered modest for investors seeking high immediate cash flow.
Beginner takeaway
QVMT is an ETF that focuses on value-oriented stocks. For a new investor, the most important thing to notice is the difference between price return and total return. In this case, the total return is higher because it includes the cash distributions paid out to shareholders. The fund has shown steady price growth without any detected price erosion signals.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | APPLE INC | AAPL | 5.65% |
| 2 | EXXONMOBIL HOLDINGS CORP | XOM | 5.35% |
| 3 | SANDISK CORP ORDINARY SHARES | SNDK | 5.15% |
| 4 | LAM RESEARCH CORP | LRCX | 5.05% |
| 5 | GE VERNOVA INC | GEV | 4.86% |
| 6 | CATERPILLAR INC | CAT | 4.69% |
| 7 | CISCO SYSTEMS INC | CSCO | 4.48% |
| 8 | WESTERN DIGITAL CORP | WDC | 3.44% |
| 9 | KLA CORP | KLAC | 3.25% |
| 10 | NEWMONT CORP | NEM | 2.68% |