ETF Evaluator: Invesco S&P 500® Equal Weight Matrls ETF () Follow This ETF

Invesco S&P 500® Equal Weight Matrls ETF Overview

Invesco S&P 500® Equal Weight Matrls ETF (RSPM) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). Invesco launched the ETF in 2006.

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Equal Weight Materials Index (the "underlying index"). The index, which is composed of securities of all companies included in the S&P 500® Index that are classified as members of the materials sector, as defined according to the GICS®. Under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in the components of the index and in derivatives and other investments that have economic characteristics similar to the components of the index.

About Invesco S&P 500® Equal Weight Matrls ETF (RSPM)

There are 3 members of the management team with an average tenure of 7.77 years: Peter Hubbard (2018), Michael Jeanette (2018) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Equal Weighted Materials TR USD index with a weighting of 100%. Invesco S&P 500® Equal Weight Matrls ETF has 26 securities in its portfolio. The top 10 holdings constitute 45.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Invesco S&P 500® Equal Weight Matrls ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco S&P 500® Equal Weight Matrls ETF has 8.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.3% There is 8.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco S&P 500® Equal Weight Matrls ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $184 million in total assets, which is below the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RSPM Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco S&P 500® Equal Weight Matrls ETF expense ratio is average compared to funds in the Natural Resources category. Invesco S&P 500® Equal Weight Matrls ETF has an expense ratio of 0.40%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco S&P 500® Equal Weight Matrls ETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Natural Resources category.

Recently, in the month of October 2026, Invesco S&P 500® Equal Weight Matrls ETF returned 8.6%, which earned it a grade of A, as the Natural Resources category had an average return of 1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Invesco S&P 500® Equal Weight Matrls ETF has a trailing yield of 1.71%, which is below the 1.93% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Invesco S&P 500® Equal Weight Matrls ETF Grades

Year to date, the ETF has returned 20.2%, 5.4 percentage points better than the category, which translates into a grade of B. The fund has returned 29.5% over the past year (grade of B), 13.2% over the past three years (grade of D) and 5.6% per year over the past five years (grade of D) and 11.2% per year over the past 10 years (grade of A).

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