Invesco Russell 1000 Dynamic Multifactor ETF

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) tracks a FTSE Russell index that picks from the 1,000 largest US companies. It shifts its tilt among five stock traits, called factors: value, momentum, quality, low volatility and size. It changes that mix as Invesco's view of the economic cycle changes. That rotation sets it apart from plain S&P 500 funds. So does its cost: a 0.29% expense ratio, the highest of nine similar funds, whose average was 0.09%.

• Over the year to Oct 27, 2026, OMFL returned +17.8%, 2nd of 9 among similar funds.
• Its 5-year annualized return was +9.4%.
• Its worst full calendar year was 2022 (-14.0%); its best was 2021 (+28.9%).
• The deepest fall in its price history was 22.5% (Dec 29, 2021 to Sep 30, 2022), recovered by Jul 18, 2023.

As of Aug 31, 2026, the fund held 632 securities; the ten largest made up 36.24% of assets.

By sector

• Over the three months to Aug 31, 2026, investors withdrew a net $81.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.32%, +0.86%, +1.94%.

OMFL seeks to track the Russell 1000 Invesco Dynamic Multifactor Index, which FTSE Russell compiles. It uses "full replication," meaning it generally holds every stock in the index at the index's weights. The index starts with the Russell 1000, which covers about 1,000 of the largest US companies. It then scores each stock on five factors. A factor is a trait linked to a stock's risk and return. Value looks at cash flow, earnings and sales relative to price. Momentum looks at the past 11 months of returns. Quality looks at profitability and debt. Low volatility looks at five years of weekly price swings. Size looks at market value.

Each month, Invesco Indexing, an Invesco affiliate, reads leading indicators such as manufacturing surveys, labor-market conditions, monetary conditions and consumer sentiment. It then labels the economy as being in recovery, expansion, slowdown or contraction. Each stage maps to a preset mix of two or three factors. Because an Invesco company makes this call, it may also be considered a creator of the index.

A stock's factor scores are multiplied together, then multiplied by its Russell 1000 weight. Stocks below set thresholds drop out, and a cap limits any single stock's weight. As of October 31, 2025, the index had 577 stocks. Portfolio turnover was 50% in the latest fiscal year, so the fund trades more often than a plain market-weighted fund.

• OMFL charges 0.29% a year, versus an average of 0.08% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $30 in the first year and $368 over 10 years (assuming a 5% annual return).

It holds about 480 large US stocks with a one-year beta of 0.91, so it could anchor the stock side of a portfolio, though its factor tilts make its results differ from the market's.

OMFL offers broad exposure to large US companies, with tilts that rotate as Invesco's reading of the economy changes. It launched in November 2017, so it has no record from 2008. It lost 21.94% in the first quarter of 2020. In the 2022 bear market it fell about 22% from December 29, 2021, to September 30, 2022, and regained its peak by July 18, 2023, roughly 9.6 months later. Its worst calendar year was 2022, at −13.85%. Anyone drawing cash in a year like that would be cashing out shares at depressed prices. Income is modest: the trailing yield was 0.84% as of October 27, 2026, paid quarterly. The 0.29% expense ratio comes to $30 in the first year on $10,000 in the SEC's standard example. Vanguard S&P 500 ETF (VOO) charges 0.03%. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.