ETF Evaluator: Invesco Russell 2000® Dynamic Mltfct ETF () Follow This ETF

Invesco Russell 2000® Dynamic Mltfct ETF Overview

Invesco Russell 2000® Dynamic Mltfct ETF (OMFS) is a passively managed U.S. Equity Small Blend exchange-traded fund (ETF). Invesco launched the ETF in 2017.

The investment seeks to track the investment results (before fees and expenses) of the Russell 2000® Invesco Dynamic Multifactor Index. The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index is designed to reflect a dynamic combination of “factor investing” strategies that have historically outperformed other factors during various parts of the economic cycle. The underlying index’s universe of investable stocks is taken from the Russell 2000 Index, which measures the performance of 2,000 small-capitalization companies in the U.S.

About Invesco Russell 2000® Dynamic Mltfct ETF (OMFS)

There are 3 members of the management team with an average tenure of 7.05 years: Peter Hubbard (2019), Michael Jeanette (2019) and Pratik Doshi (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Inv Dyn Multifactor TR USD index with a weighting of 100%. Invesco Russell 2000® Dynamic Mltfct ETF has 1116 securities in its portfolio. The top 10 holdings constitute 11.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Invesco Russell 2000® Dynamic Mltfct ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Invesco Russell 2000® Dynamic Mltfct ETF has 1.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.1% There is 1.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Russell 2000® Dynamic Mltfct ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $280 million in total assets, which is below the $4 billion average for the Small Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

OMFS Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Russell 2000® Dynamic Mltfct ETF expense ratio is below average compared to funds in the Small Blend category. Invesco Russell 2000® Dynamic Mltfct ETF has an expense ratio of 0.39%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Russell 2000® Dynamic Mltfct ETF has a portfolio turnover rate of 65%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Small Blend category.

Recently, in the month of July 2026, Invesco Russell 2000® Dynamic Mltfct ETF returned -2.0%, which earned it a grade of C, as the Small Blend category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Invesco Russell 2000® Dynamic Mltfct ETF has a trailing yield of 1.09%, which is below the 1.17% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Invesco Russell 2000® Dynamic Mltfct ETF Grades

Year to date, the ETF has returned 18.6%, 0.6 percentage points better than the category, which translates into a grade of C. The fund has returned 30.9% over the past year (grade of B), 12.7% over the past three years (grade of D) and 7.3% per year over the past five years (grade of D).

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