Key stats
About Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 GARP ETF
Expense ratio
0.35%
Home page
Inception date
Mar 27, 2024
GRPZ provides concentrated exposure to the US small-cap space through the GARP (growth at a reasonable price) approach. The fund seeks to include small-cap growth stocks with perceived quality and value characteristics. Starting with the S&P SmallCap 600 Index, the fund initially selects 180 stocks with the highest growth score, derived from trailing three-year earnings and sales per share growth. The top half of these securities are then picked based on a quality and value composite score, calculated using financial leverage ratio, return on equity, and earnings-to-price valuation. The resulting portfolio consists of 90 stocks weighted by their respective growth scores, with individual security weights capped at 5% and each sector capped at 40%. The index is rebalanced semi-annually on the third Friday of June and December.
Classification
What's in the fund
Exposure type
Finance
Consumer Durables
Energy Minerals
Producer Manufacturing
Retail Trade
Stock breakdown by region