# Invesco S&P 500 QVM UCITS ETF (PQVG)

**Page:** https://fundology.uk/fund/pqvg · ISIN IE00BDZCKK11

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, PQVG (Invesco S&P 500 QVM UCITS ETF, ISIN IE00BDZCKK11) closed at £54.54 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was +72.2%, or +34.4% after UK CPIH inflation.

## Summary

Invesco S&P 500 QVM UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2017. It tracks the S&P 500 Quality, Value & Momentum Multi-factor Index - USD — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£54.54** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | PQVG |
| ISIN | IE00BDZCKK11 |
| Also listed as | PQVM (London Stock Exchange, US dollars), QVMP (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | Invesco |
| Tracks | S&P 500 Quality, Value & Momentum Multi-factor Index - USD |
| Income | Distributing |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £43.7m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/05/2017 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +8.49% | +4.64% | income reinvested |
| 3 years | +61.18% | +45.62% | income reinvested |
| 5 years | +72.20% | +34.41% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco S&P 500 QVM UCITS ETF in pounds (price only, income paid out not included): 2022 +10.5%, 2023 −0.7%, 2024 +32.0%, 2025 +3.6%; 2026 to 13/11/2026 +9.1%. Returns of Invesco S&P 500 QVM UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.0%; to 30/09/2025: +11.1%; to 30/09/2024: +25.7%; to 30/09/2023: −1.0%; to 30/09/2022: +17.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +10.5% | +1.2% | Price |
| 2023 | -0.7% | -4.7% | Price |
| 2024 | +32.0% | +27.6% | Price |
| 2025 | +3.6% | +0.0% | Price |
| 2026 to 13/11/2026 | +9.1% | +5.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.58% | -13.88% |
| 3 years | 13.62% | -14.96% |
| 5 years | 14.40% | -16.09% |

## Largest fall

Volatility of Invesco S&P 500 QVM UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.6% over 1 year, 13.6% over 3 years, 14.4% over 5 years. Largest fall in the price of Invesco S&P 500 QVM UCITS ETF since November 2021, in pounds: −16.1% from 04/11/2022 to 23/06/2023. The lowest 12-month return of Invesco S&P 500 QVM UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −11.4% (12 months to 27/10/2023); the highest was +40.9% (12 months to 29/11/2024). On 13/11/2026 the price of Invesco S&P 500 QVM UCITS ETF was 10.5% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco S&P 500 QVM UCITS ETF 0.35% a year. Compared on 14/11/2026, 38 of the 254 other US share funds charge more, 10 the same and 206 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 12/11/2026, PQVG holds 99 positions, according to its published holdings. The largest is Apple at 6.33% of the fund; the ten largest make up 39.5%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 6.33% |
| 2 | ExxonMobil | [XOM](https://fundology.uk/stock/XOM) | 5.86% |
| 3 | Cisco Systems | [CSCO](https://fundology.uk/stock/CSCO) | 4.47% |
| 4 | GE Vernova | [GEV](https://fundology.uk/stock/GEV) | 4.39% |
| 5 | Lam Research | [LRCX](https://fundology.uk/stock/LRCX) | 3.78% |
| 6 | Caterpillar | [CAT](https://fundology.uk/stock/CAT) | 3.69% |
| 7 | Sandisk | [SNDK](https://fundology.uk/stock/SNDK) | 2.91% |
| 8 | Kla | [KLAC](https://fundology.uk/stock/KLAC) | 2.76% |
| 9 | Newmont | [NEM](https://fundology.uk/stock/NEM) | 2.75% |
| 10 | ConocoPhillips | [COP](https://fundology.uk/stock/COP) | 2.51% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 05/11/2026.

| Sector | Weight |
|---|---|
| Information Technology | 22.7% |
| Industrials | 18.8% |
| Energy | 17.3% |
| Financials | 15.6% |
| Consumer Discretionary | 6.4% |
| Health Care | 5.8% |
| Communication Services | 5.5% |
| Materials | 4.6% |
| Other sectors | 3.4% |

### By country

Added up from the fund’s published holdings, as of 05/11/2026.

| Country | Weight |
|---|---|
| United States | 95.4% |
| Switzerland | 2.2% |
| Ireland | 1.3% |
| Bermuda | 1.0% |
| Jersey | 0.1% |
| Not classified | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 05/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 99 holdings: https://fundology.uk/fund/pqvg/holdings

## Questions people ask

**What is the ongoing charge of PQVG?**

The ongoing charge of PQVG is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco S&P 500 QVM UCITS ETF 0.35% a year. Compared on 14/11/2026, 38 of the 254 other US share funds charge more, 10 the same and 206 less (share classes counted once).

**What does PQVG track?**

PQVG tracks the S&P 500 Quality, Value & Momentum Multi-factor Index - USD — about 500 of the largest companies listed in the US.

**Is PQVG accumulating or distributing?**

PQVG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of PQVG?**

The ISIN of PQVG is IE00BDZCKK11. An ISIN identifies one exact share class of a fund; PQVG is its ticker on the London Stock Exchange. The same share class is also listed as PQVM (London Stock Exchange, US dollars) and QVMP (Xetra, euros).

**What does PQVG hold?**

As of 12/11/2026, PQVG holds 99 positions, according to its published holdings. The largest is Apple at 6.33% of the fund; the ten largest make up 39.5%. Its ten largest holdings are Apple (6.33%), ExxonMobil (5.86%), Cisco Systems (4.47%), GE Vernova (4.39%), Lam Research (3.78%), Caterpillar (3.69%), Sandisk (2.91%), Kla (2.76%), Newmont (2.75%) and ConocoPhillips (2.51%).

**What were PQVG’s returns in each of the last five years?**

Calendar-year returns of PQVG in pounds (price only, income paid out not included): 2022 +10.5%, 2023 −0.7%, 2024 +32.0%, 2025 +3.6%; 2026 to 13/11/2026 +9.1%. Past performance is not a guide to future returns.

**How has PQVG done after inflation?**

Over the five years to 13/11/2026 PQVG’s total return was +72.2%, or +34.4% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.