EVMT

Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

$17.23

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) seeks to provide exposure to a portfolio of commodities related to the electric vehicle (EV) industry, such as lithium, cobalt, and nickel.

Overview

ETF tracking Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF

Category Commodities

Issuer Invesco

Inception Date 2022-04-27

Market Cap $7.8M

Average Volume N/A

Dividend Yield 3.07%

52-Week Range $14.27 - $17.53

VWAP $17.23

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF tracks an index that aims to provide exposure to the performance of a basket of commodities that are expected to benefit from increased demand for electric vehicles and related technologies. The fund does not generate any K-1 tax forms.

✨ Key Features

Provides exposure to a diversified portfolio of EV-related commodities
Seeks to capitalize on the growth of the electric vehicle market
No K-1 tax forms, which can simplify tax reporting for some investors
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Commodity price volatility: The value of the fund's holdings can be highly volatile and subject to rapid and unpredictable fluctuations
Concentration risk: The fund's focus on EV-related commodities means it is more susceptible to developments in that specific industry
Lack of performance history: As a new fund, EVMT does not have a long track record to evaluate its performance
Liquidity risk: The fund may have difficulty trading its positions at an advantageous time or price

👤 Best For

EVMT may be suitable for investors seeking exposure to the electric vehicle supply chain and who have a higher risk tolerance to accommodate the volatility of the underlying commodities. It may be most appropriate as a satellite holding within a diversified portfolio.