ETF overview
The Invesco Russell 1000 Equal Weight ETF (EQAL) seeks to replicate the investment results of the Russell 1000 Equal Weight Index. To achieve this objective, the fund allocates a minimum of 90% of its total assets to the securities that make up the underlying index. This index is constructed from stocks found within the broader Russell 1000 Index and employs a distinct equal weighting approach: it distributes weight equally among 11 sector groups, and subsequently, each security within those sectors receives an equal weighting. Both the ETF and its benchmark index undergo quarterly re-weighting processes. These adjustments occur on the third Friday of March, September, and December, with an additional rebalance taking place on the last Friday of June, which aligns with the annual reconstitution of the Russell 1000 Index.
Fund facts
- Expense ratio
- 0.20%
- Fund assets
- 812.14M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 23, 2014
- Number of holdings
- 1,015
Breakdown
Holdings (1,015)
| Name | Ticker | Weight |
|---|---|---|
| Ubiquiti Inc | UI | 0.50% |
| Ciena Corp | CIEN | 0.47% |
| Cisco Systems Inc | CSCO | 0.45% |
| Globalstar Inc | GSAT | 0.44% |
| Space Exploration Technologies Corp | SPCX | 0.44% |
| Roku Inc | ROKU | 0.44% |
| Motorola Solutions Inc | MSI | 0.43% |
| Arista Networks Inc | ANET | 0.43% |
| Viavi Solutions Inc | VIAV | 0.43% |
| Iridium Communications Inc | IRDM | 0.42% |
| and 1,002 more | ||
Similar ETFs
- Xtrackers Russell US Multifactor ETFDEUS · Overlap 55% · Expense ratio 0.17%
- iShares Russell Mid-Cap ETFIWR · Overlap 54% · Expense ratio 0.18%
- iShares Russell Mid-Cap Value ETFIWS · Overlap 50% · Expense ratio 0.23%
- Invesco S&P 500 Equal Weight ETFRSP · Overlap 49% · Expense ratio 0.20%
- iShares MSCI USA Equal Weighted ETFEUSA · Overlap 48% · Expense ratio 0.09%
- Goldman Sachs Equal Weight U.S. Large Cap Equity ETFGSEW · Overlap 47% · Expense ratio 0.09%
- iShares MSCI USA Size Factor ETFSIZE · Overlap 46% · Expense ratio 0.15%
- JPMorgan Diversified Return U.S. Equity ETFJPUS · Overlap 46% · Expense ratio 0.18%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.20%
- Fund assets
- 812.14M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 23, 2014
- Number of holdings
- 1,015
| Name | Ticker | Weight |
|---|---|---|
| Ubiquiti Inc | UI | 0.50% |
| Ciena Corp | CIEN | 0.47% |
| Cisco Systems Inc | CSCO | 0.45% |
| Globalstar Inc | GSAT | 0.44% |
| Space Exploration Technologies Corp | SPCX | 0.44% |
| Roku Inc | ROKU | 0.44% |
| Motorola Solutions Inc | MSI | 0.43% |
| Arista Networks Inc | ANET | 0.43% |
| Viavi Solutions Inc | VIAV | 0.43% |
| Iridium Communications Inc | IRDM | 0.42% |
| and 1,002 more | ||
The Invesco Russell 1000 Equal Weight ETF (EQAL) seeks to replicate the investment results of the Russell 1000 Equal Weight Index. To achieve this objective, the fund allocates a minimum of 90% of its total assets to the securities that make up the underlying index. This index is constructed from stocks found within the broader Russell 1000 Index and employs a distinct equal weighting approach: it distributes weight equally among 11 sector groups, and subsequently, each security within those sectors receives an equal weighting. Both the ETF and its benchmark index undergo quarterly re-weighting processes. These adjustments occur on the third Friday of March, September, and December, with an additional rebalance taking place on the last Friday of June, which aligns with the annual reconstitution of the Russell 1000 Index.
- Xtrackers Russell US Multifactor ETFDEUS · Overlap 55% · Expense ratio 0.17%
- iShares Russell Mid-Cap ETFIWR · Overlap 54% · Expense ratio 0.18%
- iShares Russell Mid-Cap Value ETFIWS · Overlap 50% · Expense ratio 0.23%
- Invesco S&P 500 Equal Weight ETFRSP · Overlap 49% · Expense ratio 0.20%
- iShares MSCI USA Equal Weighted ETFEUSA · Overlap 48% · Expense ratio 0.09%
- Goldman Sachs Equal Weight U.S. Large Cap Equity ETFGSEW · Overlap 47% · Expense ratio 0.09%
- iShares MSCI USA Size Factor ETFSIZE · Overlap 46% · Expense ratio 0.15%
- JPMorgan Diversified Return U.S. Equity ETFJPUS · Overlap 46% · Expense ratio 0.18%
Overlap is the share of assets the two funds hold in common.
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