Invesco Equally-Weighted S&P 500 assigns an equal weight to each of the stocks in the S&P 500. This pulls it away from the index's largest names and toward the smallest ones--resulting in a persistent market-capitalization bias. It also increases turnover and volatility relative to its cap-weighted parent index. It is difficult to say whether the active bets that result from this approach will be adequately rewarded. 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 .
Invesco Equally-Wtd S&P 500 R VADRX
NAV / 1-Day Return
77.65
/
0.13
%
Total Assets
7.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.770%
Expense Ratio
0.770%
Fee Level
Low
Longest Manager Tenure
1.52
years
Category
Large Blend
Investment Style
Mid BlendMin. Initial Investment
0
Status
Open
TTM Yield
0.85%
Turnover
23%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
