OMFL ETF

The Invesco Russell 1000 Dynamic Multifactor ETF employs a flexible multifactor approach to modify its portfolio according to different economic conditions, and it has a reasonable expense ratio of 0.29%. However, its frequent rebalancing results in a high turnover rate of 247%, which may affect long-term returns because of increased costs. While the fund has managed to beat the Russell 1000 Index at times, it has also lagged behind due to misjudging economic phases.

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a smart beta exchange-traded fund that aims to give investors a wide view of the Large Cap Growth sector. It was launched on November 8, 2017.

If you want to gain a wide understanding of the Large Cap Growth area in the US stock market, consider the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL). This is a passively managed exchange-traded fund that started on November 8, 2017.

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) was introduced on November 8, 2017. It is a smart beta exchange-traded fund that aims to provide wide access to the Large Cap Growth section of the market.

OMFL is a flexible multi-factor fund that focuses on specific factors like size, value, quality, low volatility, and momentum, using a unique model to evaluate the economic cycle. Despite outperforming its benchmark by 33% in April 2023, it has since fallen behind IWB by 7% since its launch in November 2017. I believe that, given its high turnover rate, the fund will eventually stabilize in a "slowdown" or "contraction" phase, favoring high-quality, low-volatility stocks.

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) was introduced on November 8, 2017. It is a passively managed exchange-traded fund that aims to provide wide access to the Large Cap Growth area of the US stock market.

Designed to provide broad exposure to the Style Box - Large Cap Growth category of the market, the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a smart beta exchange traded fund launched on 11/08/2017.

While mega-cap growth names have led in returns in 2024, investors may want to consider getting exposure with a multifactor ETF. The “Magnificent Seven” collectively doubled in value in 2023, leaving many investors concerned over high valuations.

OMFL is an ETF tracking the Russell 1000 Invesco Dynamic Multifactor index, re-weighting stocks based on economic cycles and market conditions. OMFL has a concentrated portfolio of mid and small-caps, with a high turnover rate and underweight exposure to technology. Short-term underperformance in 2024 due to value style allocation and concentration on mid and small caps, but remains an option for diversification.