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Invesco Equally-Wtd S&P 500 R VADRX

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%

Morningstar’s Analysis VADRX

Will VADRX outperform in future?

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

Adding mid-cap tilt at a cost.

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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