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.

ETF Education Report: RSPS

What this ETF is trying to do

The Invesco S&P 500 Equal Weight Consumer Staples ETF (ticker: RSPS) focuses on companies in the "consumer staples" sector. These are businesses that often sell everyday items like food, drinks, and household goods. Instead of giving more weight to the biggest companies, this ETF uses an "equal weight" approach, meaning it spreads its investments more evenly across the companies it holds.

Top Holdings:

As of October 8, 2026, some of the largest companies in this portfolio include:

• Target Corp (3.69%)

• General Mills Inc (3.50%)

• Dollar General Corp (3.44%)

• Dollar Tree Inc (3.44%)

• The Estee Lauder Companies Inc Class A (3.38%)

Please note that this is a partial list and holdings can change over time.

What the numbers show

When looking at ETF performance, it is important to know the difference between price return and total return. Price return only tracks how much the share price changed. Total return includes both the price change and any cash distributions (dividends) paid out.

Because this ETF has a history of "forward splits," we use split-adjusted returns to see the true picture. In a forward split, one old share becomes multiple new shares. This makes the price per share look lower, but it does not change how much of the company you own.

• Year-to-Date (YTD): The price return is approximately -0.40%, while the total return is approximately 1.85%.

• One-Year: The price return is approximately -1.30%, while the total return is approximately 1.72%.

• Three-Year: The price return is approximately -0.03%, while the total return is approximately 8.94%.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 3.07%. This number describes the cash paid out relative to the current share price of $28.91. These payments usually happen quarterly, and there were 4 payouts in 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). While a falling share price can sometimes be a sign of erosion, it is not proof of it. For this ETF, the erosion-risk score is 94, which is labeled as "Stable / sideways," and the erosion severity is considered "good." There is no severe erosion-risk flag for this ETF.

Pros

• Total Returns: While the share prices have seen slight declines, the total returns (which include distributions) have been positive over the one-year and three-year periods.

• Stable Risk Score: The erosion-risk measurement suggests the fund is currently stable.

Cons

• Price Fluctuations: The share-price return (price return) has been slightly negative over the last year and year-to-date.

Beginner takeaway

When looking at RSPS, it is helpful to distinguish between the share price and the total return. Even when the share price goes down slightly, the total return can be positive because of the cash distributions paid to investors. Always remember that a distribution yield tells you about cash income, but it does not guarantee the share price will stay the same.