SPVM: INVESCO S&P 500 VALUE WITH MOMENTUM ETF
Understanding the INVESCO S&P 500 VALUE WITH MOMENTUM ETF (SPVM)
The INVESCO S&P 500 VALUE WITH MOMENTUM ETF (ticker: SPVM) is an exchange-traded fund designed to invest in companies within the S&P 500 that fit specific "value" and "momentum" styles. This means it looks for stocks that may be undervalued but are also showing strong price trends.
What this ETF is trying to do
SPVM seeks to capture a specific part of the stock market by focusing on large companies that show both value characteristics and momentum. It holds a total of 102 different holdings.
Top Holdings
The following is a partial list of the largest companies held by this ETF. Please note that holdings can change over time:
• ALLSTATE CORP (1.77%)
• GENERAL MOTORS CO (1.72%)
• PHILLIPS 66 (1.64%)
• UNITED AIRLINES HOLDINGS INC (1.64%)
• THE TRAVELERS COMPANIES INC (1.58%)
• MARATHON PETROLEUM CORP (1.52%)
• TARGET CORP (1.51%)
• SYNCHRONY FINANCIAL (1.49%)
• EDISON INTERNATIONAL (1.47%)
• VALERO ENERGY CORP (1.43%)
What the numbers show
When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes the impact of distributions).
• Year-to-Date (YTD): The price return is approximately 9.03%, while the total return is approximately 10.70%.
• One-Year: The price return was approximately 12.85%, and the total return was approximately 15.11%.
• Three-Year: The price return was approximately 58.76%, and the total return was approximately 69.07%.
• Five-Year: The five-year total return is approximately 67.86%.
An estimated price from roughly one year ago was $65.49, compared to the current price of $73.91.
Income and distribution explanation
SPVM provides cash distributions to investors. The current distribution yield is approximately 1.91%. This yield represents the cash distributed relative to the current share price. The fund usually pays out on a quarterly basis, with 4 payments recorded over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). 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 score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• Positive Returns: The fund has shown positive price returns and total returns across one-year, three-year, and five-year periods.
• Low Erosion Risk: The data shows no detected price erosion and a "good" erosion severity rating.
Cons
• Yield Level: While the fund provides income, the distribution yield of 1.91% may be considered modest depending on an investor's specific goals.
Beginner takeaway
SPVM is a fund that tracks value and momentum stocks within the S&P 500. Historically, its total returns have been higher than its price returns, meaning the distributions have added to the overall value. While it provides quarterly income, investors should remember that a distribution yield is not the same as a total return.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ALLSTATE CORP | ALL | 1.77% |
| 2 | GENERAL MOTORS CO | GM | 1.72% |
| 3 | PHILLIPS 66 | PSX | 1.64% |
| 4 | UNITED AIRLINES HOLDINGS INC | UAL | 1.64% |
| 5 | THE TRAVELERS COMPANIES INC | TRV | 1.58% |
| 6 | MARATHON PETROLEUM CORP | MPC | 1.52% |
| 7 | TARGET CORP | TGT | 1.51% |
| 8 | SYNCHRONY FINANCIAL | SYF | 1.49% |
| 9 | EDISON INTERNATIONAL | EIX | 1.47% |
| 10 | VALERO ENERGY CORP | VLO | 1.43% |