RSPE: Invesco ESG S&P 500 Equal Weight ETF
What this ETF is trying to do
The Invesco ESG S&P 500 Equal Weight ETF (RSPE) is designed to track the performance of the S&P 500 using an "equal weight" strategy. This means instead of having much larger amounts of money in the biggest companies, it gives more equal importance to each company in the index. It also follows ESG principles, which focus on environmental, social, and governance factors.
What the numbers show
The data shows that RSPE has experienced significant growth over different time periods. When looking at the share-price movement (the price return), here is how it performed:
• Year-to-Date (YTD) Price Return: Approximately 14.40%
• One-Year Price Return: Approximately 20.69%
• Three-Year Price Return: Approximately 57.81%
It is important to distinguish between price return and total return. Total return includes both the change in share price and the money paid out through distributions. The total returns for this ETF were:
• YTD Total Return: Approximately 15.77%
• One-Year Total Return: Approximately 22.56%
• Three-Year Total Return: Approximately 65.97%
An estimated price from roughly one year ago was $28.24, compared to the current price of $34.08.
Income and distribution explanation
RSPE provides cash distributions to investors. The distribution yield is approximately 1.44%. This number describes the cash paid out relative to the current ETF price. The fund usually pays these distributions on a quarterly basis, with 4 payments recorded over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the fund's erosion-risk score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The following are the top holdings in the portfolio (note that this is a partial list):
• MODERNA INC: 0.80%
• AGILENT TECHNOLOGIES INC: 0.67%
• PALO ALTO NETWORKS INC: 0.67%
• ADVANCED MICRO DEVICES INC: 0.66%
• FORTINET INC: 0.64%
• INTEL CORP: 0.64%
• NETAPP INC: 0.64%
• KEYSIGHT TECHNOLOGIES INC: 0.62%
• CARNIVAL CORPORATION LTD: 0.61%
• DANAHER CORP: 0.61%
Holdings can change over time.
Pros
• The ETF has shown strong positive total returns over the last one and three years.
• It has a high income rating grade of "A."
Cons
• The distribution yield is relatively low at 1.44%, which may not meet the needs of investors looking for very high immediate cash income.
Beginner takeaway
RSPE is an equal-weight ESG ETF that has seen both its share price and total returns grow significantly over the past three years. While it provides quarterly distributions, the yield is modest compared to some other types of income-focused funds.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MODERNA INC | MRNA | 0.80% |
| 2 | AGILENT TECHNOLOGIES INC | A | 0.67% |
| 3 | PALO ALTO NETWORKS INC | PANW | 0.67% |
| 4 | ADVANCED MICRO DEVICES INC | AMD | 0.66% |
| 5 | FORTINET INC | FTNT | 0.64% |
| 6 | INTEL CORP | INTC | 0.64% |
| 7 | NETAPP INC | NTAP | 0.64% |
| 8 | KEYSIGHT TECHNOLOGIES INC | KEYS | 0.62% |
| 9 | CARNIVAL CORPORATION LTD | CCL | 0.61% |
| 10 | DANAHER CORP | DHR | 0.61% |