After the portfolio management team’s failure to rebalance Invesco Equally-Weighted S&P 500 on time, we downgraded the fund’s People Pillar rating to Below Average from Average. Since that mistake, Invesco has contributed $105 million to the fund to compensate investors and transferred management responsibilities of this portfolio from the quantitative strategies team to the equity index management team. The new managers’ experience and supporting infrastructure instill confidence that they will be able to efficiently track the benchmark and avoid any mistakes. We are upgrading the fund’s People rating to Above Average from Below Average, resulting in a reaffirmed Morningstar Analyst Rating of Neutral.
Invesco Equally-Wtd S&P 500 R VADRX
NAV / 1-Day Return
78.71
/
0.55
%
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.
0.780%
Expense Ratio
0.780%
Fee Level
Low
Longest Manager Tenure
0.82
years
Category
Large Blend
Investment Style
Large BlendMin. Initial Investment
0
Status
Open
TTM Yield
1.00%
Turnover
26%
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.
New Management Team for Invesco Equally-Weighted S&P 500 after Missed Rebalance
