Invesco Russell 1000 Equal Weight ETF

Frequently Asked Questions About EQAL

What does EQAL invest in?

The Invesco Russell 1000 Equal Weight ETF (EQAL) seeks to replicate the investment results of the Russell 1000 Equal Weight Index. To achieve this objective, the fund allocates a minimum of 90% of its total assets to the securities that make up the underlying index. This index is constructed from stocks found within the broader Russell 1000 Index and employs a distinct equal weighting approach: it distributes weight equally among 11 sector groups, and subsequently, each security within those sectors receives an equal weighting. Both the ETF and its benchmark index undergo quarterly re-weighting processes. These adjustments occur on the third Friday of March, September, and December, with an additional rebalance taking place on the last Friday of June, which aligns with the annual reconstitution of the Russell 1000 Index.

What is the expense ratio of EQAL?

Invesco Russell 1000 Equal Weight ETF (EQAL) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EQAL?

Invesco Russell 1000 Equal Weight ETF (EQAL) manages $813.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is EQAL actively managed or an index fund?

EQAL is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (EQAL's is 0.20%) because there's no security selection cost.

When was EQAL launched?

Invesco Russell 1000 Equal Weight ETF (EQAL) launched in December 2014 and is managed by Invesco.

How has EQAL performed?

EQAL's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.