Symbols

EQAL

Invesco Russell 1000 Equal Weight ETF·NYSE

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Key Stats

Assets Under Management

695.61MUSD

Fund Flows (1Y)

8.88MUSD

Dividend Yield

1.77%

Discount/Premium to NAV

Shares Outstanding

13.08M

Expense Ratio

0.20%

About Invesco Russell 1000 Equal Weight ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=EQAL

Inception Date

Dec 23, 2014

Structure

Open-Ended Fund

Index Tracked

Russell 1000 Equal Weight 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.

EQAL offers an equal-weighted take on the Russell 1000. The fund's weighting is applied in tiers: each sector gets the same weight, as does each stock within a given sector. This approach produces a big tilt toward smaller firms, which dominate the portfolio. The fund is composed of some firms that are considered midcaps. Like all equal-weight strategies, EQAL has a bit of a contrarian streak, as it sells winners and buys losers at each quarterly rebalance. The fund is reconstituted annually in June.