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Invesco Russell 1000 Dynamic Multifactor ETF
OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) is a factor Commodities ETF by Invesco. With a 0.29% MER, it provides diversified exposure through 164 holdings. Quarterly distribution with a 0.77% yield.
OMFL by Invesco is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
Its 0.29% MER makes it one of the most cost-effective options in its category.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).