Invesco S&P MidCap 400 GARP ETF

Frequently Asked Questions About GRPM

What does GRPM invest in?

The Invesco S&P MidCap 400 GARP ETF (GRPM) aims to replicate the performance of the S&P MidCap 400 GARP Index. This Fund commits a minimum of 90% of its total capital to the constituent securities of its benchmark index. The Index itself focuses on identifying mid-sized companies that display a combination of steady underlying business growth, attractive valuations, sound fiscal health, and strong profit generation capabilities. To maintain alignment with its strategy, both the ETF and the S&P MidCap 400 GARP Index are rebalanced twice a year, specifically after the market closes on the third Friday of June and December.

What is the expense ratio of GRPM?

Invesco S&P MidCap 400 GARP ETF (GRPM) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GRPM?

Invesco S&P MidCap 400 GARP ETF (GRPM) manages $610.7M 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 GRPM actively managed or an index fund?

GRPM 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 (GRPM's is 0.35%) because there's no security selection cost.

When was GRPM launched?

Invesco S&P MidCap 400 GARP ETF (GRPM) launched in December 2010 and is managed by Invesco.

How has GRPM performed?

GRPM'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.