RZG: INVESCO S&P SMALLCAP 600 PURE GROWTH ETF
Share-split context: A forward split was recorded on Jul 17, 2023 with coefficient 3. 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 SmallCap 600 Pure Growth ETF (RZG) focuses on small-sized companies that are expected to grow quickly. Instead of focusing on large, well-known corporations, it invests in a variety of smaller businesses. As of October 8, 2026, the fund held 129 different companies.
Top Holdings
The fund's portfolio can change over time. Some of its largest holdings include:
• ACM Research Inc Class A (2.2%)
• Protagonist Therapeutics Inc (1.99%)
• Acadian Asset Management Inc (1.83%)
• Dave Inc Ordinary Shares Class A (1.78%)
• The Chefs' Warehouse Inc (1.72%)
What the numbers show
This ETF has a history of share splits. On July 17, 2023, it had a forward split with a coefficient of 3. This means every old share became three new shares. When this happens, the price per share drops proportionally, but the total value of the investment does not change.
Because of these splits, we look at "split-adjusted" returns to see how the fund performed:
• Year-to-Date (YTD): The price return was 14.74%, while the total return was 15.31%.
• One Year: The price return was 15.64%, and the total return was 16.32%.
• Three Year: The price return was 56.83%, and the total return was 60.31%.
Price return only measures the change in the share price. Total return is a broader measure that includes the distributions paid out to investors.
Income and distribution explanation
This ETF pays distributions usually every quarter. Its distribution yield is 0.58%.
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 original money invested (the principal) will stay the same or grow.
NAV erosion explanation
"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. StockValueFinder uses an erosion-risk score to track this.
RZG has an erosion score of 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag for this fund.
Pros
• Strong three-year total return of 60.31%.
• No signs of price erosion detected.
• Diversified across 129 holdings.
Cons
• The distribution yield is relatively low (0.58%) compared to funds designed specifically for high income.
Beginner takeaway
RZG is a growth-focused fund. It has shown strong price and total returns over the last three years. While it provides some cash income through quarterly distributions, its main goal is growth rather than high yield.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ACM RESEARCH INC CLASS A | ACMR | 2.20% |
| 2 | PROTAGONIST THERAPEUTICS INC | PTGX | 1.99% |
| 3 | ACADIAN ASSET MANAGEMENT INC | AAMI | 1.83% |
| 4 | DAVE INC ORDINARY SHARES CLASS A | DAVE | 1.78% |
| 5 | THE CHEFS' WAREHOUSE INC | CHEF | 1.72% |
| 6 | DXP ENTERPRISES INC | DXPE | 1.60% |
| 7 | ADAMAS TRUST INC | ADAM | 1.50% |
| 8 | STONEX GROUP INC | SNEX | 1.50% |
| 9 | ENOVA INTERNATIONAL INC | ENVA | 1.42% |
| 10 | EZCORP INC REGISTERED SHS -A- NON VTG | EZPW | 1.34% |