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Invesco Equally-Wtd S&P 500 A VADAX

Analyst rating as of
NAV / 1-Day Return
63.96  /  2.91 %
Total Assets
5.8 Bil
Adj. Expense Ratio
0.520%
Expense Ratio
0.520%
Fee Level
Low
Longest Manager Tenure
2.23 years
Category
Large Blend
Investment Style
Mid Blend
Min. Initial Investment
1,000
Status
Open
TTM Yield
1.35%
Turnover
23%

Morningstar’s Fund Analysis VADAX

Will VADAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Adding mid-cap tilt at a cost.

Associate Analyst

Summary

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Invesco Equally-Weighted S&P 500 equally weights on the largest U.S. equities, in effect creating a tilt toward mid-cap stocks. This approach requires high turnover to maintain, adding to the fund’s transaction costs while adding volatility to the portfolio. Investors might be better off with a simple mid-cap index fund. As such, both the Invesco S&P 500 Equal Weight ETF and all share classes of the Invesco Equally-Weighted S&P 500 mutual fund are limited to Morningstar Analyst Ratings of Neutral.

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