Description

This Invesco ETF seeks to deliver the net total return of the S&P 500 Equal Weight Index, its benchmark, after accounting for all associated fees. Dividends are distributed to investors quarterly. The benchmark index tracks all constituent companies of the broader S&P 500, but rather than using market capitalization, it assigns an identical weighting to each security. Its design offers a size-neutral exposure to the U.S. large-cap equity market. Representing about 80% of the available market capitalization, the index undergoes quarterly rebalancing. To fulfill its objective, the fund endeavors to physically hold, to the greatest extent practicable, all securities of the benchmark index in their specified proportions. The fund's portfolio is adjusted in tandem with each rebalancing of the index. This ETF is managed passively. Investors acquire units in this passively managed, index-tracking fund, meaning they do not directly own the underlying assets it holds.