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Morningstar

Invesco Equally-Wtd S&P 500 R VADRX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 68.64  /  1.03 %
  • Total Assets 6.8 Bil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Large Blend
  • Investment Style Mid Blend
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.21%
  • Turnover 24%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:27 PM GMT+00:00

Morningstar’s Analysis VADRX

Will VADRX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VADRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VADRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of VADRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Adding mid-cap tilt at a cost.

Analyst

Summary

| by Lan Anh Tran

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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