RSPN: INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF
Share-split context: A forward split was recorded on Jul 17, 2023 with coefficient 5. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
What this ETF is trying to do
The INVESCO S&P 500 EQUAL WEIGHT INDUSTRIALS ETF (ticker: RSPN) focuses on industrial companies. Instead of letting the biggest companies have all the power, this ETF uses an "equal weight" approach. This means it tries to give similar importance to the different industrial companies it holds.
What the numbers show
The numbers for this ETF show how its share price and total value have changed over time. It is important to know that price return only tracks the change in the share price, while total return includes both the price change and any cash distributions paid out to investors.
Here is what the data shows:
• Year-to-Date (YTD): The price return is approximately 2.84%, and the total return is approximately 3.62%.
• One Year: The price return is approximately 3.93%, while the total return is approximately 4.87%.
• Three Years: The price return is approximately 52.86%, and the total return is approximately 57.49%.
Note on Share Splits: This ETF has a history of a "forward split." On July 17, 2023, one old share became five new shares. When this happened, the price per share dropped proportionally. This change does not mean you lost money; it just means you own more shares at a lower price per share. Your total ownership stayed the same at the moment of the split.
Top Holdings:
Because this list is partial, these are only some of the largest companies in the fund:
• AXON ENTERPRISE INC (1.49%)
• PAYCHEX INC (1.49%)
• BROADRIDGE FINANCIAL SOLUTIONS INC (1.47%)
• STANLEY BLACK & DECKER INC (1.47%)
• AUTOMATIC DATA PROCESSING INC (1.46%)
• JACOBS SOLUTIONS INC (1.44%)
• ALLEGION PLC (1.41%)
• VERALTO CORP (1.41%)
• DEERE & CO (1.38%)
• RTX CORP (1.38%)
Income and distribution explanation
Some investors look for ETFs that pay them cash regularly. This is called a distribution. The distribution yield for this ETF is approximately 0.93%. These payments usually happen four times a year (quarterly). While these payments provide cash, they are not the same as total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the actual value of the assets held by the ETF. StockValueFinder uses an "erosion-risk score" to measure this risk. This ETF has an erosion score of 94, which is labeled as "Stable / sideways." The erosion severity is considered "good," and there is no severe erosion-risk flag.
Pros
• Growth: The ETF has shown positive price returns and total returns over the last one, three, and five years.
• Stability: The erosion-risk score suggests the fund's value has been relatively stable.
• Diversification: It holds 85 different companies.
Cons
• Lower Yield: The distribution yield of 0.93% may be low for investors who are looking specifically for high levels of cash income.
Beginner takeaway
RSPN is an ETF that tracks industrial companies with an equal weight in each company. It has grown in value over several years, both in its share price and its total return. It also shows a stable risk level regarding the value of its underlying assets.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | AXON ENTERPRISE INC | AXON | 1.49% |
| 2 | PAYCHEX INC | PAYX | 1.49% |
| 3 | BROADRIDGE FINANCIAL SOLUTIONS INC | BR | 1.47% |
| 4 | STANLEY BLACK & DECKER INC | SWK | 1.47% |
| 5 | AUTOMATIC DATA PROCESSING INC | ADP | 1.46% |
| 6 | JACOBS SOLUTIONS INC | J | 1.44% |
| 7 | ALLEGION PLC | ALLE | 1.41% |
| 8 | VERALTO CORP | VLTO | 1.41% |
| 9 | DEERE & CO | DE | 1.38% |
| 10 | RTX CORP | RTX | 1.38% |