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Invesco Russell 1000 Dynamic Multifactor ETF

OMFL tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions.

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.

Is Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) a Strong ETF Right Now?

If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL), a passively managed exchange traded fund launched on 11/08/2017.

Should Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) Be on Your Investing Radar?

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The 'Undercovered' Dozen ETF edition highlights less covered ETFs, focusing on seven in-depth analyses and five brief mentions, from articles published between August 15th and September 16th. The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has shown volatility but is stabilizing; patience is advised by The Sunday Investor as its high-quality selections might perform well. The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) offers a 4.07% yield but lacks complexity according to MacroGirl; consider alternatives like PEY.

Undercovered ETFs You Should Know About: 12 Analysts' Picks From August-September 2024

OMFL is a dynamic multi-factor fund emphasizes certain factors (size, value, quality, low volatility, and momentum) based on a proprietary model's assessment of the economic cycle. However, OMFL could be considered a "fallen angel". After leading its benchmark by 33% in April 2023, OMFL now trails IWB by 7% since its November 2017 launch. While mean reversion won't play into this unpredictable fund with 300%+ annual turnover, I anticipate it settling into either "slowdown" or "contraction" mode where high-quality, low-volatility stocks are held.

OMFL: What's Next For This Unpredictable Multi-Factor Fund?

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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.

Check Out OMFL for a Mega-Cap Growth ETF Alternative

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During LSEG Lipper's fund-flows week that ended July 11, 2024, investors were overall net purchasers of fund assets for the tenth week in 12, adding a net $6.5 billion. This past week, money market funds (+$4.3 billion), taxable bond funds (+$3.4 billion), tax-exempt bond funds (+$775 million), and alternative investments funds (+$640 million) attracted inflows. Equity funds (-$2.3 billion), mixed-assets funds (-$226 million), and commodities funds (-$37 million were the only groups to see outflows.

U.S. Weekly Fund Flows Insight Report: General U.S. Treasury ETFs Take In $1.4 Billion, Eleventh Consecutive Weekly Inflow

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.

OMFL: A Low Valuation Multifactor ETF

OMFL implements one of four portfolio regimes based on a model's assessment of the business cycle. Factors emphasized may include size, value, momentum, volatility, and quality. OMFL was the top-performing all/large-cap blend ETF for the five years ending December 2022. However, its ranking since is only #67/117, providing more evidence that past performance is unreliable. However, it's also unfair to use past performance to justify selling. A more reasonable approach is to assess OMFL's fundamentals and decide if you believe the risk exceeds the reward.

Is OMFL's Approach Really A Game Changer? Conviction Without Certainty

OMFL has an index-based, macro-centered multifactor strategy that is supposed to recalibrate the Russell 1000 to benefit from the market environment.

OMFL: Contrarian Factor Mix, Remains A Buy

Invesco Russell 1000 Dynamic Multifactor ETF takes a dynamic management approach tied to the economic cycle.

OMFL: Strong Story, No Alpha

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It's exciting times in the ETF industry. For example, we might be headed for a photo finish in the ETF leader board.

Early Wrap-Up of Key ETF Trends From 2023

Invesco's large-cap dynamic multifactor ETF has garnered significant investor attention in 2023. The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has seen consistently strong inflows year to date, reaching $2.6 billion in net flows in 2023 as of December 11.

Invesco's Dynamic Multifactor ETF Sees Strong Flows in 2023

Invesco Russell 1000 Dynamic Multifactor ETF is a diversified fund focused on value, momentum, and low-volatility stocks. If you look back over the past three years, OMFL ETF has outperformed the S&P 500 Index by 200 basis points. The Fund is actively managed and has a low expense ratio of 0.29%, with a portfolio that is adjusted based on the economic cycle.

OMFL: A One Ticker SWAN?

OMFL is a Russell 1000 Multifactor ETF that routinely changes according to a proprietary model's assessment of the economic cycle. My assessment is that OMFL is still modeling the expansion phase, but since my review in July, it's substituted low-quality Regional Banks with higher-quality Technology stocks. The resulting portfolio is attractive. My fundamental analysis reveals a portfolio with a lower five-year beta, a higher profit score, and earnings per share growth rate rivaling the Russell 1000.

Trimming The Fat: OMFL Sheds Regional Banks, Boosts Quality And Growth With Tech

The Invesco Russell 1000 Dynamic Multifactor ETF is an actively-managed fund that invests in companies listed on the Russell 1000 index. The fund uses an economic cycle-based management approach, delivering impressive returns with low volatility.

Unraveling The Merits Of Invesco: Why OMFL Is A Great ETF

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My family has been rocked by an unrelenting string of medical and life crises. Fortunately, my family's charity hedge fund is saving us from bankruptcy and despair. I've updated my family's ZEUS Income Growth fund plan to include my best ideas right now. In other words, if I had $2.5 million in cash, this is what I'd buy. This portfolio yields 4.2%, has 13.7% long-term return potential, better than the Nasdaq, and analysts expect it to potentially quadruple over the next decade.

How I'd Invest $2.5 Million Right Now

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Investors were net purchasers of fund assets (including those of conventional funds and ETFs) for the second week in a row, injecting a net $9.6 billion for the LSEG Lipper fund-flows week ended Wednesday, September 6. Equity ETFs witnessed net outflows for the second week in three, handing back a little more than $1.4 billion for the most recent fund flows week. For the first week in three, taxable fixed income ETFs experienced net outflows, handing back $1.1 billion this week.

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The growing application of actively managed ETFs makes them highly lucrative investment products, given the developing opportunity set within the modern financial markets.

3 Actively Managed ETFs To Consider This September

The Invesco Russell 1000® Dynamic Multifactor ETF's active approach provides a solid diversification strategy. Nevertheless, its conviction often leads to significant drawdowns. Intuitively, the OMFL ETF's bet on small-cap value makes sense. However, we believe the vehicle's portfolio managers are ignoring the possibility of a hard economic landing. We think the OMFL ETF's value and blended exposure is a clever move. However, its cyclical sector exposure is a risky bet in today's economic environment.

OMFL: Questionable Allocation

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Many investors have misconceptions about multifactor ETFs, which can serve a powerful role in portfolios. Multifactor ETFs target desired return-enhancing factors and reduce exposure to unrewarded risk exposures.

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Big tech (specifically the magnificent seven) has driven almost all of the market's gains in 2023. Valuations have gotten absurd to the point where it's the worst time in 22 years to buy the S&P relative to bonds. Fortunately, something great is always on sale! GARP (growth at a reasonable price) ETFs are plentiful.

Big Tech Is About To Fry, But OMFL Is Likely To Fly

Invesco Russell 1000® Dynamic Multifactor ETF tracks a rules-based Index that selects U.S. securities based on five factors: size, value, momentum, low volatility, and quality. Factors are emphasized based on the economic cycle. Portfolio turnover is high because OMFL has been switching between the expansion and slowdown phases, which target entirely different factors. This month, 84% of holdings by weight were substituted. However off-putting that may be, the strategy is working. OMFL is a top-performing ETF, and features an extremely reasonable 0.29% expense ratio for what's effectively an actively-managed fund.

OMFL: Economic Cycle Prompts 84% Turnover For This Top Multi-Factor ETF

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Factor leadership is akin to sector leadership in that the five primary investment factors — low volatility, momentum, quality, small size, and value — often rotate in terms of year-to-year leadership. That can make life difficult for novice, factor-enthused investors because each of those factors holds its own source of appeal.

A Multifactor ETF With Long-Term Merit

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) outperforms the iShares Russell 1000 ETF (IWB) in both bull and bear markets. OMFL dynamically adjusts its factor weights based on the current economic cycle, making it more aggressive during Recovery and Expansion phases and more defensive during Slowdown and Contraction phases. The fund's 5-year average return of 13.8% per annum ranks it in the top percentile compared to the Large Blend category on Morningstar.

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