XMMO: INVESCO S&P MIDCAP MOMENTUM ETF
What this ETF is trying to do
The INVESCO S&P MIDCAP MOMENTUM ETF (XMMO) is an exchange-traded fund designed to track midcap companies that show strong momentum. This means the fund focuses on medium-sized companies that have recently seen significant price movement.
What the numbers show
The current price of XMMO is $148.79. To understand how the fund has performed, we can look at both price returns and total returns.
• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 7.46%. Over the last year, the price return was about 9.32%. Looking further back, the three-year price return was approximately 84.79%.
• Total Return: This includes both the share price changes and any distributions paid out. The YTD total return is approximately 7.98%, and the one-year total return was about 10.03%. The three-year total return was approximately 88.17%.
An estimated price from roughly one year ago was $136.11.
Income and distribution explanation
XMMO provides some income through distributions. The distribution yield is approximately 0.66%. This number describes the cash distributions relative to the ETF's price. The fund usually pays these out on a quarterly basis, with 4 payments made over the last 12 months.
It is important to remember that a distribution yield is not the same as total return. While distributions provide cash, they are only one part of an investor's overall experience.
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, the fund's price-based measurements look stable. The erosion score is 100, which is labeled as "No price erosion detected," and the erosion severity is rated as "good." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• TECHNIPFMC PLC (4.03%)
• ATI INC (4.01%)
• ROIVANT SCIENCES LTD ORDINARY SHARES (3.61%)
• MKS INC (2.97%)
• NVENT ELECTRIC PLC (2.79%)
• TD SYNNEX CORP (2.52%)
• HF SINCLAIR CORP (2.50%)
• JAZZ PHARMACEUTICALS PLC (2.31%)
• UNITED THERAPEUTICS CORP (2.26%)
• DIGITALOCEAN HOLDINGS INC (2.25%)
Holdings can change over time.
Pros
• The fund has shown strong three-year total returns of approximately 88.17%.
• The erosion-risk measurements suggest no significant price erosion has been detected.
Cons
• The distribution yield is relatively low at approximately 0.66%.
Beginner takeaway
XMMO focuses on midcap momentum stocks. While it offers a small amount of quarterly income, its primary performance characteristic shown in the data is through share-price growth and total returns.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TECHNIPFMC PLC | n/a | 4.03% |
| 2 | ATI INC | ATI | 4.01% |
| 3 | ROIVANT SCIENCES LTD ORDINARY SHARES | ROIV | 3.61% |
| 4 | MKS INC | MKSI | 2.97% |
| 5 | NVENT ELECTRIC PLC | NVT | 2.79% |
| 6 | TD SYNNEX CORP | SNX | 2.52% |
| 7 | HF SINCLAIR CORP | DINO | 2.50% |
| 8 | JAZZ PHARMACEUTICALS PLC | JAZZ | 2.31% |
| 9 | UNITED THERAPEUTICS CORP | UTHR | 2.26% |
| 10 | DIGITALOCEAN HOLDINGS INC | DOCN | 2.25% |