Break your concentration and diversify with RSP
Invested in the S&P 500? You may be too concentrated and missing out on potentially higher returns. See how Invesco S&P 500 Equal Weight ETF (RSP) can help.
TICKER: RSPE
Invesco ESG S&P 500 Equal Weight ETF
Equal weight meets ESG. Invesco and S&P have partnered to help investors strike the right investment balance to reduce concentration risk.
Why invest in RSPE?
Leverage the benefits of an equal weight approach combined with the ability to invest in companies that meet specific environmental, social and governance (ESG) criteria with RSPE. This ETF may help:
Reduce concentration risk
An equal weight approach reduces concentration risk that may naturally arise in a market cap-weighted portfolio.
Incorporate your ESG values
Invest in S&P 500 companies that meet certain ESG criteria that may be important to you.
Build a foundation
RSPE can potentially be a core investment solution, serving as a foundational part of a portfolio.
FAQ
Get answers to top-of-mind questions regarding this product.
- Start with equal weight: The foundation of RSPE is the S&P 500 Equal Weight Index, which starts with equal weighting to each company in the S&P 500.
- Screen for eligibility: Based on sustainability criteria, an exclusionary screen is applied to develop an eligible universe of companies.¹
- Rank by ESG scores: Rank eligible securities by ESG scores within each Global Industrial Classification Standard (GICS) industry group.
- Select the highest scores: Select companies with the highest S&P Dow Jones Industrial ESG scores while targeting 40% of constituents in each GICS industry group.
- Equal weight with ESG: The result is the index RSPE tracks, the S&P 500 Equal Weight ESG Leaders Select Index.
- Rebalance and reconstitute: The underlying index and the fund rebalance quarterly and reconstitute yearly.
RSPE has an additional screen for ESG characteristics. RSPE is designed to provide large-cap equal weight exposure to a selection of stocks within the S&P 500 Equal Weight Index that exhibits strong ESG characteristics.
| Invesco ESG S&P 500 Equal Weight ETF | Invesco S&P 500 Equal Weight ETF | |
|---|---|---|
| Ticker: | RSPE | RSP |
| Structure: | ETF | ETF |
| Total Expense Ratio: | 0.20% | 0.20% |
| Underlying: | S&P 500 Equal Weight ESG Leaders Select Index | S&P 500 Equal Weight Index |
| Inception: | 11/17/2021 | 4/24/2003 |
| Objective: | The Invesco ESG S&P 500 Equal Weight ETF (Fund) is based on the S&P 500® Equal Weight ESG Leaders Select Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to measure the equal weighted performance of securities included in the S&P 500 Equal Weight Index that also meet an environmental, social and governance (“ESG”) criteria, while maintaining similar overall industry group weights as the S&P 500 Equal Weight Index. Each security is given an "ESG score" based off an industry-specific questionnaire derived from Global Industry Classification Standard ("GICS®") to evaluate how well-equipped they are to recognize and respond to emerging sustainability opportunities and challenges. The top 40% of constituents within each GICS® industry group are generally included in the Index. The Fund and Index are rebalanced quarterly. | The Invesco S&P 500 Equal Weight ETF (Fund) is based on the S&P 500 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500 Index. The Fund and the Index are rebalanced quarterly. |
| Tax features: | Shares are traded throughout the day in the secondary market on a national securities exchange on an intra-day basis, and they are created and redeemed principally in-kind in Creation Units at each day’s next calculated NAV. | Shares are traded throughout the day in the secondary market on a national securities exchange on an intra-day basis, and they are created and redeemed principally in-kind in Creation Units at each day’s next calculated NAV. |
| Liquidity: | 50,000 Shares | 10,000 Shares |
| For Investors Seeking: | A core ESG-focused equal weight approach with access to the S&P 500 universe | A cost-effective solution for accessing the S&P 500 Equal Weight Index |
| Fund Materials: | View infographic | |
| View RSPE product details | View RSP product details |
Growing concerns about climate change and social issues among certain investors are prompting an increasing interest in ESG investing. Demand for ESG is also growing as more of the millennial generation become investors. 90% of millennials are interested in pursuing sustainable investments.²
RSPE is a one-of-a-kind ETF, combining the potential benefits of an equal weight approach with ESG selection criteria. It is the only ETF that offers this methodology for the S&P 500 universe.
RSPE can be used as a core equity strategy within a portfolio providing access to the largest companies that qualify based on certain ESG criteria. Investors can use RSPE to diversify their equity portfolio to gain access to large-cap companies with the highest ESG scores while eliminating concentration risk within a portfolio.
Related capabilities
RSPE is a part of our broader equal weight suite and ESG products that offer investors exposure to a diverse group of sectors.
Footnotes
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1
Exclusions include Alcohol; Controversial Weapons; Gambling; GMOs; Nuclear Power; Oil & Gas; Palm Oil; Pesticides; Riot Control; Thermal Coal; Tobacco; and GICS Oil & Gas Storage & Transportation Sub-Industry.
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2
Amundi and Business Times survey, 2022.
| Invesco ESG S&P 500® Equal Weight ETF | Invesco S&P 500® Equal Weight ETF | |
|---|---|---|
| Ticker: | RSPE | RSP |
| Structure: | ETF | ETF |
| Total Expense Ratio: | 0.20% | 0.20% |
| Underlying: | S&P 500 Equal Weight ESG Leaders Select Index | S&P 500 Equal Weighted Index |
| Inception: | 11/17/2021 | 4/24/2003 |
| Objective: | The Invesco ESG S&P 500® Equal Weight ETF (Fund) is based on the S&P 500® Equal Weight ESG Leaders Select Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to measure the equal weighted performance of securities included in the S&P 500 Equal Weight Index that also meet an environmental, social and governance (“ESG”) criteria, while maintaining similar overall industry group weights as the S&P 500 Equal Weight Index. Each security is given an “ESG score” that seeks to identify companies well-equipped to recognize and respond to emerging sustainability opportunities and challenges in the global market. Industry-specific questionnaires are used to analyze companies' custom industries derived from Global Industry Classification Standard (“GICS®”). Companies provide up to 1,000 data points in response to the questionnaires which is used to score each company's performance in relation to each specific ESG subject. If a company chooses not to actively participate in the assessment, it may be assessed based on publicly available information. Companies are ranked from highest to lowest according to their ESG scores, and the top 40% of constituents within each GICS® industry group generally are included in the Index. The Fund and the Index are rebalanced quarterly. | The Invesco S&P 500® Equal Weight ETF (Fund) is based on the S&P 500® Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights the stocks in the S&P 500® Index. The Fund and the Index are rebalanced quarterly. |
| Tax features: | Shares are traded throughout the day in the secondary market on a national securities exchange on an intra-day basis, and are created and redeemed principally in-kind in Creation Units at each day’s next calculated NAV. | Shares are traded throughout the day in the secondary market on a national securities exchange on an intra-day basis, and are created and redeemed principally in-kind in Creation Units at each day’s next calculated NAV. |
| Liquidity: | 50,000 Shares | 10,000 Shares |
| For Investors Seeking: | A core ESG-focused equal weight approach with access to the S&P 500 universe | Cost-effective solution for accessing the S&P 500 Equal Weight Index |
| Fund Materials: | View infographic | |
| View RSPE product details | View RSP product details |
