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 $475.7M 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.