Share-split context: A forward split was recorded on Jul 17, 2023 with coefficient 2. 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 Utilities ETF (RSPU) invests in utility companies. Unlike some funds that put more money into the biggest companies, this ETF uses an "equal weight" approach. This means it tries to give a similar amount of importance to each company it holds.

Top Holdings

As of October 8, 2026, some of the largest holdings include:

• Vistra Corp (3.7%)

• NRG Energy Inc (3.57%)

• Constellation Energy Corp (3.49%)

• Edison International (3.46%)

• PG&E Corp (3.33%)

These holdings can change over time.

What the numbers show

The current price of the ETF is $72.89. Because this fund has a history of share splits, we look at split-adjusted returns to see how it performed.

• Year-to-Date (YTD): The price return is -2.53%, while the total return is -0.53%.

• One Year: The price return is -7.11%, and the total return is -4.59%.

• Three Year: The price return is 47.73%, and the total return is 60.08%.

Note on Share Splits: This ETF had a "forward split" on July 17, 2023, with a coefficient of 2. This means each old share became two new shares, and the price per share fell proportionally. This split did not create a gain or a loss; it only changed the number of shares.

Income and distribution explanation

This ETF usually pays distributions quarterly. Over the last 12 months, it paid out $2.04 per share. The distribution yield is approximately 2.8%.

It is important for beginners to know that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the share price will stay the same or go up.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. RSPU has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk, not a guarantee that the fund's value has collapsed.

Pros

• Strong long-term performance, with a three-year total return of 60.08%.

• Provides regular cash income through quarterly distributions.

• Uses an equal-weight strategy to spread exposure across utility companies.

Cons

• Recent short-term price declines (negative one-year price return).

• A "mild" erosion-risk score.

Beginner takeaway

RSPU offers a way to invest in utilities with a balanced approach to company size. While it has shown strong growth over three years, it has seen a price decline over the last year. Investors should remember that a high distribution yield alone can be misleading, as it does not protect the original investment from price drops.