32.78
+0.25(+0.77%)
Currency In USD
Address
United States of America
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
November 07, 2006
RSPM differentiates itself by using an equal-weighting strategy, which only includes basic materials companies in the S&P 500. Smaller companies have the same weighting as giants, tilting the whole fund to midcaps. Perhaps surprisingly, this does not increase RSPM's portfolio volatility. In short, investors who want to make a less-concentrated bet on the most liquid basic materials firms can do so with confidence in RSPM. The index is rebalanced on a quarterly basis. Prior to June 7, 2023, the fund traded under the ticker RTM.