Symbols

RSPM

Invesco S&P 500 Equal Weight Materials ETF·NYSE

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Key Stats

Assets Under Management

177.88MUSD

Fund Flows (1Y)

-47.22MUSD

Dividend Yield

1.78%

Discount/Premium to NAV

-0.03%

Shares Outstanding

4.49M

Expense Ratio

0.40%

About Invesco S&P 500 Equal Weight Materials ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Institutional&productId=ETF-RSPM

Inception Date

Nov 1, 2006

Structure

Open-Ended Fund

Index Tracked

S&P 500 Equal Weight Materials Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Invesco Capital Management LLC

Distributor

Invesco Distributors, Inc.

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.