RSP Invesco S&P 500 Equal Weight ETF

Transcription

1 Invesco S&P 500 Equal Weight ETF ETF.com segment: Equity: U.S. - Large Cap Competing ETFs: EQAL, EQL, EQWL, GSEW, EDOW Related ETF Channels: North America, U.S., Equal-Weighted, Smart-Beta ETFs, Large Cap, Broadbased, Equity, Size and Style Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. A 73 FUND DESCRIPTION The Invesco S&P 500 Equal Weight ETF tracks an equal-weighted index of S&P 500 companies. FACTSET ANALYTICS INSIGHT Probably the best-known equal-weighted ETF, simply takes all the stocks in the S&P 500 and weights them equally. Equal weighting greatly increases the footprint of smaller S&P 500 stocks (many of which we consider to be midcaps), which results in higher beta for the portfolio. However, equal weighting also lowers concentration, reducing blow-up risk from any one name. While one should expect some sector biases here as well, does not equal-weight sectors as some peer equal-weight ETFs do. Quarterly rebalancing implements the contrarian theme baked into all equal-weight plays: sell winners and buy losers. charges more than most plainvanilla funds, but its fee (cut in half in June 2017) is significantly lower than many altweighted peers. Strong tracking and excellent liquidity keep real-world, round-trip costs low. The fund has hefty AUM and a long history. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings Invesco 04/24/03 Open-Ended Fund 0.20% $14.50B $117.28M $52.56B % 12/24/ INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology S&P 500 Equal Weight Index Equal Committee MSCI USA Large Cap Index

2 1 Year Daily Price ($) Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 8M PERFORMANCE [as of 11/15/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS 0.18% -3.03% 1.01% 6.27% 11.38% 9.37% 16.12% (NAV) -0.78% -4.52% 0.20% 4.77% 11.06% 9.28% 16.05% S&P 500 Equal Weight Index % MSCI USA Large Cap Index All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States % TOP 10 SECTORS Financials 18.97% Consumer Non-Cyclicals 7.67% Consumer Cyclicals 15.97% Energy 6.16% Industrials 14.74% Utilities 5.41% Technology 13.06% Basic Materials 4.68% Healthcare 11.93% Telecommunications Serv 0.60% TOP 10 HOLDINGS EQUITY OTHER 0.42% Mosaic Company TripAdvisor, Inc. 0.27% Walgreens Boots Alliance Starbucks Corporation Red Hat, Inc. L Brands, Inc. Symantec Corporation SCANA Corporation Cabot Oil & Gas Corporat Total Top 10 Weighting 2.71%

3 PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.20% -0.27% -0.21% -0.39% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K % / 39.60% -- Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Daily

4 Daily Spread 0.10% FACTSET ANALYTICS BLOCK LIQUIDITY As of 11/16/ % 0.06% 0.04% 0% This measurement shows how easy it is to trade a $1 million USD block of. is rated a 5 out of 5. Premium/Discount 0.1% 0.1% TRADABILITY Avg. Daily Share 1,159, % Average Daily $ $117.28M -0.1% Median Daily Share 834, % 5M 4M 3M 2M 1M Median Daily ($) Average Spread (%) Average Spread ($) $83.97M $0.02 Dec Feb Apr Jun Aug Oct Nov Median Premium / Discount (12 Mo) 0.00% Max. Premium / Discount (12 Mo) 0.07% / -0.05% Impediment to Creations None Market Hours Overlap % Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) Creation Unit Cost (%) 0.04% Underlying / Unit 0.01% Open Interest on ETF Options 2,369 Net Asset Value (Yesterday) $99.90 ETF.com Implied Liquidity 5

5 SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Financials 18.97% 14.73% Consumer Cyclicals 15.97% 12.48% Industrials 14.74% 9.12% Technology 13.06% 27.59% Healthcare 11.93% 14.48% EQUITY OTHER TripAdvisor, Inc. Starbucks Corporation L Brands, Inc. SCANA Corporation Mosaic Company Walgreens Boots Alliance Inc Red Hat, Inc. 0.42% 0.27% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation % MSCI USA Large Cap Index Consumer Non- Cyclicals 7.67% 7.67% Energy 6.16% 6.29% Symantec Corporation Cabot Oil & Gas Corporation Total Top 10 Weighting 2.71% BENCHMARK COMPARISON HOLDINGS Number of Holdings 493 Utilities 5.41% 2.26% Basic Materials 4.68% 1.29% Constituents Shared Holdings Telecommunications Services 0.60% 2.22% Shared Holdings Weight 44.50% COUNTRIES United States % % BENCHMARK COMPARISON SUMMARY Number of Holdings REGIONS North America % % ECONOMIC DEVELOPMENT Developed Countries % % Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield $52.56B $271.04B % 1.80% Concentration Low Low 2018 ETF.com The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional. ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com. [ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Data provider: Terms of Use