QVMM vs. FILL ETF Comparison

Comparison of Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) to iShares MSCI Global Energy Producers Fund (FILL)

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.81

Average Daily Volume

2,647

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

FILL

iShares MSCI Global Energy Producers Fund

FILL Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Energy Producers Investable Market Index (the "underlying index"). The fund generally invests at least 80% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities of companies primarily engaged in the business of energy exploration and production in both developed and emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.21

Average Daily Volume

12,500

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVMM	FILL
30 Days	3.93%	5.98%
60 Days	8.69%	8.25%
90 Days	7.98%	0.96%
12 Months	29.28%	12.38%

13 Overlapping Holdings

Symbol	Grade	Weight in QVMM	Weight in FILL	Overlap
AR	C	0.3%	0.32%	0.3%
CHK	C	0.33%	0.34%	0.33%
CHRD	F	0.32%	0.3%	0.3%
CIVI	F	0.19%	0.14%	0.14%
CNX	A	0.17%	0.18%	0.17%
DINO	F	0.27%	0.28%	0.27%
MTDR	D	0.23%	0.22%	0.22%
MUR	F	0.19%	0.18%	0.18%
OVV	D	0.37%	0.38%	0.37%
PBF	F	0.13%	0.12%	0.12%
PR	D	0.27%	0.26%	0.26%
RRC	D	0.27%	0.28%	0.27%
TPL	A	0.65%	0.65%	0.65%

QVMM Overweight 339 Positions Relative to FILL

Symbol	Grade	Weight
CSL	A	0.81%
LII	C	0.75%
EME	B	0.75%
WSM	C	0.71%
RS	D	0.64%
BURL	C	0.64%
MANH	A	0.63%
THC	D	0.62%
AVTR	D	0.62%
UTHR	C	0.61%
WSO	C	0.6%
PSTG	F	0.6%
TOL	C	0.59%
FNF	C	0.58%
OC	C	0.58%
RPM	A	0.57%
IBKR	A	0.56%
RGA	B	0.55%
RBA	D	0.55%
GGG	C	0.54%
FIX	A	0.54%
USFD	C	0.53%
ACM	A	0.53%
RNR	A	0.52%
BMRN	F	0.52%
DKS	D	0.52%
XPO	F	0.52%
EQH	B	0.51%
FND	C	0.5%
BLD	D	0.5%
GLPI	C	0.5%
CASY	D	0.49%
ITT	C	0.48%
CW	A	0.48%
WPC	C	0.48%
PFGC	A	0.47%
JLL	C	0.47%
ALLY	F	0.46%
COHR	B	0.46%
RRX	B	0.46%
TTEK	A	0.46%
AMH	D	0.45%
TXRH	A	0.45%
WING	C	0.45%
NVT	C	0.45%
CLH	B	0.45%
ONTO	B	0.44%
LECO	D	0.44%
EWBC	B	0.44%
NBIX	F	0.44%
LAMR	C	0.43%
WMS	D	0.43%
CACI	A	0.42%
CUBE	C	0.42%
REXR	D	0.41%
SFM	A	0.41%
SCI	D	0.41%
CCK	C	0.41%
JEF	A	0.4%
BJ	B	0.4%
ATR	A	0.39%
KNSL	B	0.39%
UNM	A	0.39%
AA	B	0.38%
BWXT	A	0.38%
WWD	C	0.38%
SF	A	0.37%
TPX	C	0.37%
SNX	C	0.37%
TTC	F	0.37%
CROX	C	0.37%
SAIA	D	0.37%
CIEN	A	0.36%
DUOL	B	0.36%
RGLD	C	0.36%
OHI	C	0.36%
KBR	A	0.36%
EHC	C	0.36%
LAD	C	0.36%
EXP	C	0.36%
SKX	B	0.35%
WTRG	D	0.35%
CNM	F	0.35%
EVR	C	0.35%
PRI	A	0.35%
ARMK	C	0.35%
DCI	B	0.34%
MUSA	D	0.34%
ORI	A	0.34%
GPK	D	0.34%
CHE	D	0.34%
NYT	C	0.34%
AFG	A	0.33%
INGR	B	0.33%
FLR	B	0.33%
FHN	D	0.33%
EGP	D	0.33%
X	F	0.33%
RBC	C	0.33%
OLED	B	0.32%
AXTA	C	0.32%
CHDN	C	0.32%
AIT	B	0.32%
HRB	C	0.32%
KNX	D	0.32%
LNW	F	0.31%
AYI	A	0.31%
SSD	B	0.31%
MORN	B	0.31%
WBS	D	0.31%
NNN	C	0.31%
WEX	C	0.31%
HLI	A	0.31%
UFPI	C	0.31%
MEDP	F	0.3%
MIDD	D	0.3%
BRX	C	0.3%
BERY	C	0.3%
FCN	C	0.3%
GMED	B	0.3%
CR	A	0.3%
MTZ	A	0.29%
LSCC	D	0.29%
ANF	D	0.29%
DTM	A	0.29%
WCC	D	0.29%
RGEN	F	0.29%
OGE	C	0.29%
PNFP	B	0.29%
AAON	A	0.28%
CFR	B	0.28%
BRBR	A	0.28%
GNTX	D	0.28%
JAZZ	F	0.28%
SSB	C	0.28%
TMHC	C	0.28%
ARW	C	0.28%
HALO	D	0.28%
LFUS	C	0.27%
TREX	D	0.27%
WTFC	B	0.27%
ALV	F	0.27%
STAG	D	0.27%
H	B	0.27%
CBSH	D	0.27%
EXEL	B	0.27%
VOYA	A	0.27%
KEX	C	0.27%
FLS	A	0.27%
FR	D	0.27%
ACHC	F	0.27%
ZION	D	0.27%
LNTH	C	0.27%
PB	D	0.26%
SEIC	B	0.26%
LPX	C	0.26%
NOVT	C	0.26%
ESNT	A	0.26%
MTG	A	0.26%
CVLT	B	0.26%
DAR	F	0.26%
LEA	F	0.26%
MSA	F	0.26%
CLF	D	0.26%
ADC	C	0.26%
WFRD	F	0.26%
BRKR	D	0.26%
OSK	F	0.26%
HQY	B	0.26%
PCTY	C	0.26%
CGNX	F	0.26%
GME	D	0.25%
MAT	B	0.25%
SAIC	A	0.25%
SNV	D	0.25%
R	C	0.25%
CMC	D	0.25%
RYAN	A	0.25%
NOV	F	0.25%
CRUS	D	0.25%
KBH	D	0.24%
G	A	0.24%
ESAB	C	0.24%
WH	C	0.24%
STWD	C	0.24%
FAF	C	0.24%
MTSI	B	0.24%
LSTR	F	0.24%
OLN	D	0.23%
ST	F	0.23%
VMI	B	0.23%
THO	C	0.23%
COKE	C	0.23%
VNO	B	0.23%
WHR	C	0.23%
EXLS	B	0.23%
GXO	D	0.23%
ONB	D	0.23%
RLI	A	0.23%
FYBR	C	0.23%
CBT	B	0.23%
AMG	B	0.22%
MMS	C	0.22%
MASI	B	0.22%
AGCO	D	0.22%
CADE	B	0.22%
CHX	C	0.22%
GBCI	B	0.21%
ALTR	B	0.21%
MDU	C	0.21%
KRG	C	0.21%
SIGI	D	0.21%
VVV	D	0.21%
BC	C	0.21%
COLB	C	0.21%
PVH	D	0.21%
WTS	C	0.21%
TKR	B	0.21%
POST	C	0.21%
EXPO	A	0.21%
CELH	F	0.2%
SLM	B	0.2%
THG	A	0.2%
AVT	B	0.2%
SRCL	B	0.2%
FNB	D	0.2%
NXST	D	0.2%
UGI	C	0.2%
KD	D	0.2%
SON	D	0.2%
OLLI	C	0.2%
XRAY	D	0.2%
VNT	F	0.2%
BDC	A	0.19%
IDA	D	0.19%
APPF	C	0.19%
GAP	F	0.19%
DOCS	A	0.19%
WLK	C	0.19%
JHG	A	0.19%
HOMB	D	0.19%
BCO	C	0.19%
HXL	F	0.19%
AM	A	0.19%
UBSI	D	0.19%
OPCH	F	0.19%
NFG	A	0.19%
PII	D	0.18%
FFIN	D	0.18%
AN	D	0.18%
HWC	D	0.18%
POR	D	0.18%
RMBS	F	0.18%
AVNT	C	0.18%
HOG	D	0.18%
KNF	B	0.18%
GATX	F	0.18%
NJR	C	0.17%
ASH	F	0.17%
SWX	C	0.17%
DLB	D	0.17%
ASGN	D	0.17%
IRT	D	0.17%
UMBF	C	0.17%
QLYS	F	0.17%
EEFT	F	0.17%
OZK	D	0.17%
WU	D	0.16%
ENS	B	0.16%
KRC	C	0.16%
RYN	C	0.16%
LOPE	D	0.16%
SLGN	B	0.16%
CUZ	C	0.16%
BYD	B	0.16%
M	D	0.16%
WMG	D	0.16%
FLO	D	0.16%
CPRI	C	0.15%
VLY	C	0.15%
SBRA	C	0.15%
CNO	B	0.15%
OGS	C	0.15%
HAE	F	0.15%
SLAB	D	0.15%
BKH	C	0.15%
ORA	C	0.15%
MSM	D	0.15%
NEOG	F	0.14%
VAL	F	0.14%
PRGO	F	0.14%
KMPR	D	0.14%
PNM	B	0.14%
SR	D	0.14%
NEU	F	0.14%
TEX	F	0.14%
PK	D	0.13%
NWE	C	0.13%
TNL	B	0.13%
SYNA	F	0.13%
ASB	D	0.13%
LANC	F	0.13%
PAG	D	0.13%
AMKR	F	0.13%
COTY	F	0.13%
EPR	C	0.13%
UAA	B	0.13%
PCH	C	0.13%
ALE	A	0.13%
YETI	C	0.13%
MAN	D	0.13%
NSA	D	0.12%
TCBI	B	0.12%
IBOC	D	0.12%
NSP	F	0.12%
NVST	D	0.12%
HGV	F	0.11%
ZI	F	0.11%
WEN	B	0.11%
FHI	A	0.11%
LIVN	C	0.11%
VC	F	0.11%
GHC	A	0.11%
BHF	D	0.11%
CNXC	F	0.1%
VAC	D	0.1%
GT	F	0.1%
COLM	B	0.1%
RCM	B	0.1%
CACC	F	0.1%
AZTA	F	0.1%
ENOV	F	0.09%
SAM	D	0.09%
VSH	F	0.09%
JWN	D	0.08%
CRI	D	0.08%
IPGP	D	0.08%
PPC	C	0.07%
GEF	B	0.06%

QVMM Underweight 44 Positions Relative to FILL

Symbol	Grade	Weight
XOM	A	-19.36%
CVX	B	-9.49%
COP	D	-4.54%
EOG	B	-2.62%
MPC	D	-2.15%
VLO	F	-1.66%
HES	D	-1.38%
OXY	D	-1.26%
FANG	D	-1.21%
DVN	F	-0.91%
EQT	C	-0.77%
CTRA	D	-0.66%
MRO	B	-0.55%
APA	F	-0.34%
SWN	D	-0.29%
VNOM	A	-0.17%
SM	D	-0.17%
MGY	B	-0.15%
CEIX	B	-0.12%
CRC	B	-0.12%
NOG	D	-0.12%
BTU	B	-0.12%
UEC	C	-0.1%
GPOR	B	-0.08%
KOS	F	-0.07%
STR	D	-0.06%
CRGY	B	-0.06%
TALO	D	-0.05%
KRP	B	-0.04%
PARR	F	-0.04%
CRK	B	-0.04%
DK	F	-0.04%
LEU	A	-0.03%
TELL	B	-0.03%
CVI	D	-0.03%
SOC	C	-0.02%
VTS	A	-0.02%
VTLE	F	-0.02%
EGY	D	-0.02%
REPX	C	-0.01%
GRNT	D	-0.01%
HPK	D	-0.01%
BRY	F	-0.01%
SD	D	-0.01%