AI Overview
The Invesco S&P 500 Momentum ETF (SPMO) is a passively managed exchange-traded fund that aims to track the performance of the S&P 500 Momentum Index. Here's a summary of its legal and operational details:
Fund Structure and Investment Strategy:
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The fund invests in securities that make up the S&P 500 Momentum Index, which selects stocks within the S&P 500 that exhibit high momentum scores.
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The fund and index are rebalanced semi-annually on the third Fridays of March and September.
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The fund generally invests at least 90% of its total assets in the index's component securities.
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The fund has a total expense ratio of 0.13%, which is the annual cost of owning and operating the ETF.
Legal and Regulatory Information:
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Invesco Ltd., the parent company of the fund, files reports, proxy statements, and other information with the Securities and Exchange Commission (SEC). These filings can be accessed through the SEC's website.
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Invesco Ltd. is organized under the laws of Bermuda and is listed and traded on the New York Stock Exchange.
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The S&P 500 Momentum Index is a product of S&P Dow Jones Indices LLC. Invesco licenses the index for use in the ETF.
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Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC.
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The offer to invest in the fund is made through the relevant Product Disclosure Statement (PDS) available on Invesco's website.
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In some cases, the offer to invest may be limited to wholesale clients or sophisticated investors.
