Fund Evaluator:

Invesco Equally-Wtd S&P 500 R6 Overview

Invesco Equally-Wtd S&P 500 R6 (VADFX) is a passively managed U.S. Equity Large Blend fund. Invesco launched the fund in 2012.

The investment seeks total return through growth of capital and current income. The fund invests, under normal circumstances, all, at least 80% of its net assets in common stocks of companies represented in the S&P 500® Equal Weight Index, and in derivatives and other instruments that have economic characteristics similar to such securities. The index is an equal-weighted version of the S&P 500® Index, which is comprised of common stocks of approximately 500 large-capitalization companies that generally represent the large-cap segment of the U.S.equity market.

About Invesco Equally-Wtd S&P 500 R6 (VADFX)

There are 3 members of the management team with an average tenure of 5.91 years: Peter Hubbard (2020), Michael Jeanette (2020), Pratik Doshi (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Equal Weighted TR USD index with a weighting of 100%. Invesco Equally-Wtd S&P 500 R6 has 508 securities in its portfolio. The top 10 holdings constitute 3.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Invesco Equally-Wtd S&P 500 R6 is part of the Equity global asset class and is within the U.S. Equity fund group. Invesco Equally-Wtd S&P 500 R6 has 1.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.7%. There is 1.3% 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 Equally-Wtd S&P 500 R6 has -0.0% of the portfolio in cash.

Assets Under Management

The fund has $730 million in total assets, which is below the $6 billion average for the Large Blend 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.

VADFX 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 Equally-Wtd S&P 500 R6 expense ratio is low compared to funds in the Large Blend category. Invesco Equally-Wtd S&P 500 R6 has an expense ratio of 0.18%, which is 78% lower than its category average, making the fund expense ratio grade a A. 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. A portfolio turnover rate cannot be currently calculated for Invesco Equally-Wtd S&P 500 R6. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Invesco Equally-Wtd S&P 500 R6 returned 1.0%, which earned it a grade of B, as the Large Blend category had an average return of 0.4%. 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 funds in that category.

Invesco Equally-Wtd S&P 500 R6 has a trailing yield of 1.36%, which is above the 0.56% category average. The fund normally distributes its income annually 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 Equally-Wtd S&P 500 R6 Grades

Year to date, the fund has returned 13.1%, 3.8 percentage points better than the category, which translates into a grade of A. The fund has returned 19.0% over the past year (grade of B), 13.4% over the past three years (grade of F) and 8.9% per year over the past five years (grade of F) and 11.8% per year over the past 10 years (grade of F).

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