Investment objective & strategy
As of Dec. 18, 2025 · prospectusObjective. The Invesco S&P SmallCap Financials ETF (the Fund) seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600 Capped Financials & Real Estate Index (the Underlying Index).
Strategy. The Fund generally will invest at least 90% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC (the Index Provider) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the financials and real estate sectors, as defined by the Global Industry Classification Standard (GICS ). These companies, which include real estate investment trusts (REITs), are principally engaged in the business of providing financial services and products, including banking, diversified financials, insurance, mortgage REITs and capital markets. The Underlying Index selects constituents from the S&P SmallCap 600 Index, which is comprised of … The Fund generally will invest at least 90% of its total assets in the securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC (the Index Provider) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the financials and real estate sectors, as defined by the Global Industry Classification Standard (GICS ). These companies, which include real estate investment trusts (REITs), are principally engaged in the business of providing financial services and products, including banking, diversified financials, insurance, mortgage REITs and capital markets. The Underlying Index selects constituents from the S&P SmallCap 600 Index, which is comprised of common stocks of approximately 600 small-capitalization companies that generally represent the small-cap segment of the U.S. equity market. As of October 31, 2025, the Underlying Index was comprised of 164 securities with market capitalizations ranging from $384.4 million to $8 billion. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of August 31, 2025, the Fund had significant exposure to the financials and real estate sectors. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Invesco Private Prime Fund | — | $3.97M | 16.80% |
| Invesco Private Government Fund | — | $1.53M | 6.47% |
| CARETRUST REIT INC | — | $551.58K | 2.33% |
| JACKSON FINANCIAL INC | — | $452.37K | 1.91% |
| MARKETAXESS HLDGS INC | — | $433.73K | 1.83% |
| TERRENO REALTY CORP | — | $415.32K | 1.76% |
| ESSENTIAL PROPERTIES REALTY TRUST INC | — | $408.94K | 1.73% |
| RYMAN HOSPITALITY PPTYS INC | — | $378.31K | 1.60% |
| STONEX GROUP INC | — | $360.06K | 1.52% |
| LINCOLN NATL CRP | — | $352.60K | 1.49% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Invesco S&P SmallCap Low Volatility ETF · XSLV | 48% | 0.25% |
| Invesco S&P SmallCap Value with Momentum ETF · XSVM | 42% | 0.37% |
| Invesco S&P SmallCap 600 QVM Multi-Factor ETF · QVMS | 39% | 0.15% |
Advisers
| Firm | Role |
|---|---|
| Invesco Capital Management LLC | Adviser |
Footnotes
- Expense ratio as of December 18, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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