Invesco Multi-Factor Income ETF (IMFI)
Invesco Multi-Factor Income ETF operates in the Asset Management - Income industry of the Financial Services sector. The stock last traded at $25.00, down 0.02% on the session, giving a market capitalisation of $41.9M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Invesco Multi-Factor Income ETF (IMFI) is primarily designed to replicate the investment performance of the Invesco Multi-Factor Income Index (its benchmark), prior to accounting for fees and expenses. Typically, the fund commits a minimum of 80% of its total assets directly to the securities that constitute this underlying index. Notably, this benchmark is not a singular index, but rather a composite structure made up of several smaller indexes, referred to as "sub-indexes." Consequently, the fund invests in the component securities found within these various sub-indexes. Both the underlying index and, subsequently, the fund's portfolio undergo adjustments on a monthly basis to maintain alignment with the index's composition. It is important to note that the fund is classified as non-diversified.
Invesco Multi-Factor Income ETF is most often compared with the following Financial Services names: