# Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rspa 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: Actively Managed · Inception: 2024-07-17 This fund aims to provide investors with exposure to the S&P 500 Equal Weight Index. It achieves this while also employing an actively managed options strategy, specifically crafted to generate income, offer some protection against market downturns, and ensure continued participation in potential upward movements. ## Key Facts | Metric | Value | |---|---| | Price | $52.97 | | Expense Ratio | 0.32% | | Assets Under Management | $1.23B | | NAV | $52.84 | | Holdings Count | 524 | | Distribution Yield (TTM) | 9.20% | | Annual Distribution (TTM) | $4.87 /share | | Distribution Frequency | Monthly | | 52-Week Range | $49.03 – $55.16 | | Beta | 0.58 | ## Latest Distribution - Amount: $0.4098 /share - Ex-date: 2026-10-19 - Pay date: 2026-10-23 ## Frequently Asked Questions ### What does RSPA invest in? This fund aims to provide investors with exposure to the S&P 500 Equal Weight Index. It achieves this while also employing an actively managed options strategy, specifically crafted to generate income, offer some protection against market downturns, and ensure continued participation in potential upward movements. ### What is the expense ratio of RSPA? Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) charges an expense ratio of 0.32%. This is the annual fee deducted from fund assets to cover management and operations. ### What is RSPA's dividend yield? RSPA's trailing-twelve-month yield is 9.20%, calculated from the sum of dividends over the past year divided by the current price. ### How big is RSPA? Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) manages $1.23B 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 RSPA actively managed or an index fund? RSPA is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RSPA's is 0.32%) in exchange for the discretion to over- or under-weight positions. ### When was RSPA launched? Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) launched in July 2024 and is managed by Invesco. ### Does RSPA pay a dividend? Yes, Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) distributes dividends to shareholders. The trailing-twelve-month yield is 9.20%. Full dividend history is on this page. ### How often does RSPA pay dividends? Invesco S&P 500 Equal Weight Income Advantage ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is RSPA's next ex-dividend date? The most recently announced ex-dividend date for RSPA was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will RSPA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.32% 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 RSPA charge its expense ratio? The expense ratio is deducted in tiny daily slices from RSPA'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 RSPA cost more than a fund like VOO? RSPA is actively managed (current expense ratio 0.32%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RSPA's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RSPA? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RSPA (0.32%) 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/rspa - Distribution history: https://www.dividenddata.com/funds/rspa/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rspa/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rspa/expenses - Peer comparison: https://www.dividenddata.com/funds/rspa/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.