Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an exchange-traded fund that seeks to track the FTSE Russell 1000 Invesco Dynamic Multifactor Index, employing a dynamic multifactor investment strategy drawn from constituent stocks of the Russell 1000 Index; the targeted factors include low volatility, momentum, quality, size, and value, with allocations dynamically adjusted based on Invesco's proprietary Regime Model assessing the economic cycle across recovery, expansion, slowdown, and contraction phases. The ETF offers quarterly dividend distributions and provides investors exposure to large-cap U.S. equities through a blend of factor characteristics designed to optimize risk-adjusted returns amid varying market environments. Launched on November 8, 2017, OMFL operates within the equity ETF segment targeting institutional and retail investors seeking multifactor strategies, with assets under management exceeding $5 billion as of late 2025.
Invesco Ltd., the fund's sponsor and investment manager, is an independent global investment management firm founded in 1935 and headquartered in Atlanta, Georgia, with operations across more than 20 countries. OMFL holds approximately 958 securities, with top positions including NVIDIA Corporation, Apple Inc., and Microsoft Corporation, enabling broad diversification across U.S. large-cap sectors.
Recent developments include strong investor inflows, with OMFL attracting over $603 million in four-week net flows and $2.6 billion year-to-date in 2023 amid heightened interest in multifactor approaches, alongside sustained growth in assets to nearly $5 billion by 2025. Invesco Ltd. expanded its active ETF capabilities in May 2025 with launches of three new strategies—Invesco QQQ Hedged Advantage ETF (QQHG), Invesco Comstock Contrarian Equity ETF (CSTK), and Invesco Managed Futures Strategy ETF (IMF)—reflecting broader innovation in ETF offerings. In late 2024, Invesco launched three thematic ETFs focused on artificial intelligence, cybersecurity, and defense, further diversifying its product suite beyond dynamic multifactor funds like OMFL.