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Invesco S&P 500® Equal Weight ETF

Ticker: RSP
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Product Details

Invesco S&P 500® Equal Weight ETF (RSP) is based on the S&P 500® Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index.

  • The Index equally weights the stocks in the S&P 500® Index.
  • This approach results in an exposure that tilts toward smaller companies in the S&P 500 Index.
  • Relative to market cap indexes like the S&P 500, this reduces the concentration risk.
  • RSP and the Index are rebalanced quarterly.

 

as of 10/31/2022

Factor DNATM

Source: Axioma, Inc.

Factor score methodology

Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.

The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.

The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.

See notes below for factor definitions.

Factor definitions

Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.

as of 10/31/2022

Factor DNATM

Factor score methodology

Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.

The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.

The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.

See notes below for factor definitions.

Factor definitions

Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.

as of 03/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Equal Weight Index 7.91 19.38 8.16 12.35 10.92 11.66
S&P 500 Index 10.56 29.88 11.49 15.05 12.96 10.88
Fund History (%)
Fund NAV 7.91 19.16 7.93 12.15 10.65 11.21
After Tax Held 7.71 18.42 7.45 11.58 10.06 10.64
After Tax Sold 4.68 11.37 6.02 9.50 8.55 9.55
Fund Market Price 7.87 19.19 7.84 12.13 10.65 11.21
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Equal Weight Index 7.91 19.38 8.16 12.35 10.92 11.66
S&P 500 Index 10.56 29.88 11.49 15.05 12.96 10.88
Fund History (%)
Fund NAV 7.91 19.16 7.93 12.15 10.65 11.21
After Tax Held 7.71 18.42 7.45 11.58 10.06 10.64
After Tax Sold 4.68 11.37 6.02 9.50 8.55 9.55
Fund Market Price 7.87 19.19 7.84 12.13 10.65 11.21

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 03/31/2024

Growth of $10,000

Data beginning 10 years prior to the ending date of 03/31/2024. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 04/18/2024

Sector Allocation

Sector Percent of Fund
Industrials 16.02%
Financials 14.32%
Information Technology 12.55%
Health Care 12.28%
Consumer Discretionary 10.21%
Consumer Staples 7.76%
Utilities 6.26%
Real Estate 5.91%
Materials 5.79%
Energy 5.07%
Communication Services 3.85%
as of 04/17/2024

Market Cap & Style Allocations

Large-Cap Value 10.72%
Large-Cap Blend 15.13%
Large-Cap Growth 8.98%
Mid-Cap Value 20.52%
Mid-Cap Blend 31.32%
Mid-Cap Growth 9.78%
Small-Cap Value 1.61%
Small-Cap Blend 1.57%
Small-Cap Growth 0.38%

as of 04/18/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
FCX Freeport-McMoRan Inc 0.26
UAL United Airlines Holdings Inc 0.25
NRG NRG Energy Inc 0.24
BG Bunge Global SA 0.24
MMM 3M Co 0.24
MU Micron Technology Inc 0.24
GE General Electric Co 0.24
GNRC Generac Holdings Inc 0.24
NEM Newmont Corp 0.24
DAL Delta Air Lines Inc 0.23
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share		 Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/18/2024 03/19/2024 03/22/2024 0.68016 0.68016 - - - -
12/18/2023 12/19/2023 12/22/2023 0.60910 0.60910 - - - -
09/18/2023 09/19/2023 09/22/2023 0.63761 0.63761 - - - -
06/20/2023 06/21/2023 06/23/2023 0.64215 0.64215 - - - -
03/20/2023 03/21/2023 03/24/2023 0.69139 0.69139 - - - -
12/19/2022 12/20/2022 12/23/2022 0.57775 0.57775 - - - -
09/19/2022 09/20/2022 09/23/2022 0.63024 0.63024 - - - -
06/21/2022 06/22/2022 06/30/2022 0.70337 0.70337 - - - -
03/21/2022 03/22/2022 03/31/2022 0.65424 0.65424 - - - -
12/20/2021 12/21/2021 12/31/2021 0.45384 0.45384 - - - -
09/20/2021 09/21/2021 09/30/2021 0.55680 0.55680 - - - -
06/21/2021 06/22/2021 06/30/2021 0.42040 0.42040 - - - -
03/22/2021 03/23/2021 03/31/2021 0.64647 0.64647 - - - -
12/21/2020 12/22/2020 12/31/2020 0.44200 0.44200 - - - -
09/21/2020 09/22/2020 09/30/2020 0.49662 0.49662 - - - -
06/22/2020 06/23/2020 06/30/2020 0.42537 0.42537 - - - -
03/23/2020 03/24/2020 03/31/2020 0.72999 0.72999 - - - -
12/23/2019 12/24/2019 12/31/2019 0.46928 0.46928 - - - -
09/23/2019 09/24/2019 09/30/2019 0.52010 0.52010 - - - -
06/24/2019 06/25/2019 06/28/2019 0.49016 0.49016 - - - -
03/18/2019 03/19/2019 03/29/2019 0.47852 0.47852 - - - -
12/24/2018 12/26/2018 12/31/2018 0.53213 0.53213 - - - -
09/24/2018 09/25/2018 09/28/2018 0.48592 0.48592 - - - -
06/15/2018 06/18/2018 06/29/2018 0.40238 0.40238 - - - -
03/16/2018 03/16/2018 03/29/2018 0.42850 0.42850 - - - -
12/15/2017 12/18/2017 12/29/2017 0.45830 0.45830 - - - -
09/15/2017 09/15/2017 09/29/2017 0.41000 0.41000 - - - -
06/16/2017 06/16/2017 06/30/2017 0.32050 0.32050 - - - -
03/17/2017 03/17/2017 03/31/2017 0.35000 0.35000 - - - -
12/16/2016 12/16/2016 12/30/2016 0.14744 0.14744 - - - -
09/16/2016 09/16/2016 09/30/2016 0.30039 0.30039 - - - -
06/17/2016 06/21/2016 06/30/2016 0.18735 0.18735 - - - -
03/18/2016 03/22/2016 03/31/2016 0.40159 0.40159 - - - -
12/18/2015 12/22/2015 12/31/2015 0.33704 0.33704 - - - -
09/18/2015 09/22/2015 09/30/2015 0.32151 0.32151 - - - -
06/19/2015 06/23/2015 06/30/2015 0.31811 0.31811 - - - -
03/20/2015 03/24/2015 03/31/2015 0.32637 0.32637 - - - -
12/19/2014 12/23/2014 12/31/2014 0.33515 0.33515 - - - -
09/19/2014 09/23/2014 09/30/2014 0.26805 0.26805 - - - -
06/20/2014 06/24/2014 06/30/2014 0.27970 0.27970 - - - -
03/21/2014 03/25/2014 03/31/2014 0.28158 0.28158 - - - -
12/20/2013 12/24/2013 12/31/2013 0.24889 0.24889 - - - -
09/20/2013 09/24/2013 09/30/2013 0.21664 0.21664 - - - -
06/21/2013 06/25/2013 06/28/2013 0.23987 0.23987 - - - -
03/15/2013 03/19/2013 03/28/2013 0.20192 0.20192 - - - -
12/21/2012 12/26/2012 12/31/2012 0.28126 0.28126 - - - -
09/21/2012 09/25/2012 09/28/2012 0.20839 0.20839 - - - -
06/15/2012 06/19/2012 06/29/2012 0.20232 0.20232 - - - -
03/16/2012 03/20/2012 03/30/2012 0.18085 0.18085 - - - -
12/16/2011 12/20/2011 12/30/2011 0.18633 0.18633 - - - -
09/16/2011 09/20/2011 09/30/2011 0.16974 0.16974 - - - -
06/17/2011 06/21/2011 06/30/2011 0.16020 0.16020 - - - -
03/18/2011 03/22/2011 03/31/2011 0.20047 0.20047 - - - -
12/17/2010 12/21/2010 12/31/2010 0.13132 0.13132 - - - -
09/17/2010 09/21/2010 09/30/2010 0.20338 0.20338 - - - -
06/18/2010 06/22/2010 06/30/2010 0.13885 0.13885 - - - -
03/19/2010 03/23/2010 03/31/2010 0.12536 0.12536 - - - -
12/18/2009 12/22/2009 12/31/2009 0.12583 0.12583 - - - -
09/18/2009 09/22/2009 09/30/2009 0.11976 0.11976 - - - -
06/19/2009 06/23/2009 06/30/2009 0.11509 0.11509 - - - -
03/20/2009 03/24/2009 03/31/2009 0.16423 0.16423 - - - -
12/19/2008 12/23/2008 12/31/2008 0.14345 0.14345 - - - -
09/19/2008 09/23/2008 09/30/2008 0.18237 0.18237 - - - -
06/20/2008 06/24/2008 06/30/2008 0.15605 0.15605 - - - -
03/20/2008 03/25/2008 03/31/2008 0.16450 0.16450 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending		 Days 0.00-
0.25%		 0.26-
0.50%		 0.51-
0.99%		 1.00-
1.49%		 1.50-
1.99%		 ≥2.00%
03/31/2024 61 33 0 1 0 0 0
12/31/2023 63 35 0 0 0 0 0
09/30/2023 63 44 0 0 0 0 0
06/30/2023 62 36 0 0 0 0 0
Year Ended 2023 250 140 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending		 Days 0.00-
0.25%		 0.26-
0.50%		 0.51-
0.99%		 1.00-
1.49%		 1.50-
1.99%		 ≥2.00%
03/31/2024 61 26 1 0 0 0 0
12/31/2023 63 28 0 0 0 0 0
09/30/2023 63 19 0 0 0 0 0
06/30/2023 62 26 0 0 0 0 0
Year Ended 2023 250 110 0 0 0 0 0

Fund Inception : 04/24/2003

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

Premiums/Discounts

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Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry or sector, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

"Standard & Poor’s," "S&P" and "S&P 500," are trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by Invesco Capital Management LLC and its affiliates. Invesco S&P 500® Equal Weight ETF is not sponsored, endorsed, sold or promoted by Standard & Poor’s makes no representation regarding the advisability of investing in Invesco S&P 500® Equal Weight ETF.

© 2021 Axioma, Inc. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Axioma; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute financial, investment, or legal advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Axioma is not responsible for any trading decisions, damages or other losses related to the Information or its use. Information should be verified before use and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

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