# Invesco S&P 500 Revenue ETF (RWL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rwl 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: 2008-02-19 The Invesco S&P 500 Revenue ETF (RWL) aims to mirror the performance of the S&P 500 Revenue-Weighted Index, committing a minimum of 90% of its total assets to the index's constituent securities. This index employs a systematic methodology to adjust the weight of companies within the standard S&P 500, allocating proportionally more to those generating higher revenue, while ensuring no single company's weighting surpasses 5%. Both the ETF and its underlying index undergo quarterly rebalancing. According to Morningstar Inc. data as of August 31, 2025, the Fund achieved an overall 5-star rating... ## Key Facts | Metric | Value | |---|---| | Price | $134.56 | | Expense Ratio | 0.39% | | Assets Under Management | $10.28B | | NAV | $134.41 | | Holdings Count | 503 | | Distribution Yield (TTM) | 1.20% | | Annual Distribution (TTM) | $1.61 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $109.26 – $135.88 | | Beta | 0.78 | ## Latest Distribution - Amount: $0.3984 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does RWL invest in? The Invesco S&P 500 Revenue ETF (RWL) aims to mirror the performance of the S&P 500 Revenue-Weighted Index, committing a minimum of 90% of its total assets to the index's constituent securities. This index employs a systematic methodology to adjust the weight of companies within the standard S&P 500, allocating proportionally more to those generating higher revenue, while ensuring no single company's weighting surpasses 5%. Both the ETF and its underlying index undergo quarterly rebalancing. According to Morningstar Inc. data as of August 31, 2025, the Fund achieved an overall 5-star rating among 1,077 comparable funds. Its performance also earned 4 stars for the 3-year period (out of 1,077 funds), 5 stars for the 5-year period (out of 1,018 funds), and 5 stars for the 10-year period (out of 826 funds). These ratings reflect a risk-adjusted return methodology that scrutinizes monthly performance fluctuations, penalizing downside volatility more heavily while acknowledging consistent results. For comparative analysis, both open-end mutual funds and ETFs are evaluated as a single group, with ratings only assigned to funds boasting a minimum of three years of operational history. The overarching rating is a composite, weighted average derived from the 3-, 5-, and 10-year metrics (where applicable), factoring in all fees and expenses but excluding sales charges. It is important to note that Morningstar retains all rights to this proprietary data, which should not be copied or distributed, and is not guaranteed to be precise, comprehensive, or current. Neither Morningstar nor its data suppliers accept liability for any losses or damages resulting from its use. Investors are reminded that historical performance is not indicative of future returns. Within any given category, the top 10% of funds are awarded five stars, the subsequent 22.5% receive four stars, the next 35% get three stars, the following 22.5% are assigned two stars, and the bottom 10% are given one star. These ratings are dynamic and can fluctuate monthly. Furthermore, if fee waivers or expense reimbursements had not been in effect at any point, the Morningstar rating might have been lower. Performance characteristics specific to other share classes may result in different ratings. ### What is the expense ratio of RWL? Invesco S&P 500 Revenue ETF (RWL) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RWL? Invesco S&P 500 Revenue ETF (RWL) manages $10.28B 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 RWL actively managed or an index fund? RWL 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 (RWL's is 0.39%) because there's no security selection cost. ### When was RWL launched? Invesco S&P 500 Revenue ETF (RWL) launched in February 2008 and is managed by Invesco. ### How has RWL performed? RWL'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 RWL pay a dividend? Invesco S&P 500 Revenue ETF (RWL) currently distributes little or no income. Trailing-twelve-month yield is 1.20%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RWL pay dividends? Invesco S&P 500 Revenue 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 RWL's dividend yield? RWL's trailing-twelve-month yield is 1.20%, calculated from the sum of dividends over the past year divided by the current price. ### When is RWL's next ex-dividend date? The most recently announced ex-dividend date for RWL 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 RWL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% 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 RWL charge its expense ratio? The expense ratio is deducted in tiny daily slices from RWL'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 RWL cost more than a fund like VOO? RWL is a passive index fund (current expense ratio 0.39%). 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 RWL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RWL (0.39%) 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/rwl - Distribution history: https://www.dividenddata.com/funds/rwl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rwl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rwl/expenses - Peer comparison: https://www.dividenddata.com/funds/rwl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.