# Invesco S&P MidCap 400 GARP ETF (GRPM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/grpm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Passive Index · Inception: 2010-12-03 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 thi... ## Key Facts | Metric | Value | |---|---| | Price | $143.84 | | Expense Ratio | 0.35% | | Assets Under Management | $610.7M | | NAV | $143.70 | | Holdings Count | 61 | | Distribution Yield (TTM) | 0.55% | | Annual Distribution (TTM) | $0.78 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $112.44 – $146.45 | | Beta | 1.00 | ## Latest Distribution - Amount: $0.1509 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### 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. ### Does GRPM pay a dividend? Invesco S&P MidCap 400 GARP ETF (GRPM) currently distributes little or no income. Trailing-twelve-month yield is 0.55%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GRPM pay dividends? Invesco S&P MidCap 400 GARP ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GRPM's dividend yield? GRPM's trailing-twelve-month yield is 0.55%, calculated from the sum of dividends over the past year divided by the current price. ### When is GRPM's next ex-dividend date? The most recently announced ex-dividend date for GRPM was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will GRPM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GRPM charge its expense ratio? The expense ratio is deducted in tiny daily slices from GRPM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GRPM cost more than a fund like VOO? GRPM is a passive index fund (current expense ratio 0.35%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to GRPM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as GRPM (0.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/grpm - Distribution history: https://www.dividenddata.com/funds/grpm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/grpm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/grpm/expenses - Peer comparison: https://www.dividenddata.com/funds/grpm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.