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

OMFL: Economic Cycle Prompts 84% Turnover For This Top Multi-Factor ETF
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. Read More
Posted: Jul 27 2023, 12:32
Author Name: Seeking Alpha
Views: 092088

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