Key stats
About Invesco Russell 1000 Equal Weight ETF
Expense ratio
0.20%
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Inception date
Dec 23, 2014
EQAL offers an equal-weighted take on the Russell 1000. The funds weighting is applied in tiers: each sector gets the same weight, as does each stock within a given sector. This approach produces a big tilt toward smaller firms, which dominate the portfolio. The fund is composed of some firms that are considered midcaps. Like all equal-weight strategies, EQAL has a bit of a contrarian streak, as it sells winners and buys losers at each quarterly rebalance. The fund is reconstituted annually in June.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region