Category Review
US multifactor funds ran 30 points apart
Invesco Russell 1000 Dynamic Multifactor ETF
$71.55−0.07 (−0.10%)
- 0.29%
- $4.8B
- +22.3%
- 0.82%
- 0.1M sh
- $71.48
- low $57.12high $71.73
The ETF.net OMFL Grade
A
Score 71 out of 100
- 20 of 99
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B57 out of 100Rank 38 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 12 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 23 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A88 out of 100Rank 9 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D36 out of 100Rank 80 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 19 of 99
Our read on OMFL
AFour factor tilts (value, momentum, quality, low volatility) packed into one rules-based Russell 1000 index, for less than the typical multifactor fund charges. The mix is set by the index rulebook, not by a stock picker.
The fund seeks to track the investment results of the Russell 1000 Invesco Dynamic Multifactor Index before fees and expenses. It invests at least 80% of assets in index securities using a rules-based approach.
Why people hold it
- Value, momentum, quality and low volatility in one ticker, pulled from the Russell 1000 and set by index rules rather than a manager's call.
- 0.29% a year, under the 0.32% median for multifactor peers. A modest toll for a portfolio juggling four factors.
- Running since 2017 and now a multi-billion-dollar fund that trades with decent regularity, so getting in and out is rarely the hard part.
- About 600 names, so the tilts arrive spread wide instead of stacked in a handful of stocks. Distributions land quarterly.
Worth knowing
- Plain large-cap slices cost a fraction: VONV at 0.06%, IUSG at 0.04%. The gap is what the factor machinery costs you.
- The rulebook runs it. At least 80% of assets sit in index securities, with nobody stepping in when a factor goes cold.
- A rules-built cut of the Russell 1000, weighted its own way, so its path can separate from plain large-cap exposure in either direction.
OMFL Holdings
- Stocks
- 635
- 37%
- AAPL
Sectors
- Technology37.4%
- Health Care13.0%
- Industrials11.1%
- Financials9.9%
- Communication8.6%
- Consumer Discretionary6.9%
- Consumer Staples6.2%
- Energy2.4%
- Materials2.2%
- Real Estate1.3%
- Utilities1.1%
Geography
- United States96.97%
- Ireland2.08%
- United Kingdom0.45%
- Switzerland0.28%
- Bermuda0.09%
- Sweden0.05%
- Netherlands0.02%
- Canada0.02%
- 0.05%
OMFL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
OMFL$12,231
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OMFL |
|---|---|
| Year to date | +17.9% |
| 1 month | +2.8% |
| 3 months | +3.7% |
| 1 year | +22.3% |
| 3 years | +17.4% |
| 5 years | +10.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OMFL |
|---|---|---|
| 2026 YTD | +17.9% | |
| 2025 | +13.7% | |
| 2024 | +6.8% | |
| 2023 | +21.5% | |
| 2022 | −14.0% | |
| 2021 | +29.0% | |
| 2020 | +21.0% |
OMFL in the news
OMFL Dividends
- 0.82%
- $0.59
- $0.14 per share
- Quarterly
Distribution history
OMFL Risk
- 13.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.85
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OMFL Cost
0.29%
OMFL0.29%
- The middle half of US Multifactor funds
- Median 0.30%
40 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- ADEUSXtrackers Russell US Multifactor ETFExpense ratio 0.17%1 year return +16.5%
- AFLQLFranklin U.S. Large Cap Multifactor Index ETFExpense ratio 0.15%1 year return +21.3%
- AQLCNorthern Trust US Quality Large Cap ETFExpense ratio 0.26%1 year return +22.8%
- AJHMLJohn Hancock Investments - Multifactor Large Cap ETFExpense ratio 0.29%1 year return +20.2%
- AJPUSJPMorgan Diversified Return U.S. Equity ETFExpense ratio 0.18%1 year return +17.7%