Passively managed OMFL ETF focuses on Large Cap Growth in US equity market

From NASDAQ.: 2024-09-04 06:20:06

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) launched on 11/08/2017, passively managed, focusing on Large Cap Growth in the US equity market with over $5.28 billion AUM, sponsored by Invesco.

Large Cap companies have market cap over $10 billion, stable with predictable cash flows, less volatile than mid & small caps. Growth stocks show higher growth, valuations, sales, earnings growth rates but higher volatility, perform well in strong bull markets.

OMFL has 26.30% allocated to Information Technology sector, top 3 sectors include Financials and Healthcare. Berkshire Hathaway Inc, Costco Wholesale, Meta Platforms are top holdings, top 10 holdings make up 41.11% of assets under management.

OMFL seeks to track RUSSELL 1000 Invesco Dynamic Multifactor Index before fees/expenses, up 0.46% YTD, 5.06% in the last year, trading between $43.21 and $55.23 in past 52 weeks, beta of 1.01, standard deviation of 17.55%, effectively diversifies risks with 249 holdings.

OMFL carries a Zacks ETF Rank of 3 (Hold), good for Large Cap Growth exposure. Similar ETFs include Vanguard Growth ETF (VUG) with $131.14 billion AUM, Invesco QQQ (QQQ) with $279.37 billion AUM. Cost ratio for OMFL at 0.29%, dividend yield of 1.57%.

Passively managed ETFs like OMFL are popular due to low costs, transparency, flexibility, and tax efficiency, suitable for long-term investors. For more ETF info, visit Zacks ETF Center for news and analysis, ETF recommendations, top-performing ETFs weekly.



Read more at NASDAQ.: Should Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) Be on Your Investing Radar?