Fund Description |
The Invesco Russell 1000 Enhanced Equal Weight ETF (the "fund") is based on the Russell 1000 Enhanced Value Equal Weight Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index is composed of securities in the Russell 1000 Index exhibiting upward price momentum and fair valuations. The methodology employs a three-step screening process from the initial 1000 securities: First, exclude securities with zero or negative earnings over past 12 months; second, screen for value stocks using an average of cash flow yield, earnings yield, and sales-to-price ratio and exclude the bottom decile; third, screen for securities with greater positive price momentum and exclude the bottom decile. The remaining stocks are then equally weighted. The fund and the index are rebalanced and reconstituted semi-annually. |
Fund Profile |
Fund Name |
Invesco Russell 1000 Enhanced Equal Weight ETF |
Fund Exchange Ticker |
USEQ |
Fund Sponsor |
Invesco |
Fund ISIN |
US46138E4382 |
Net Expense Ratio |
0.29 % |
Fund Inception Date |
13 July 2017 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
BATS |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
US Equities - Factor & Thematic |
Asset Class |
Equities (Stocks) |
Index Linked |
Passive |
Index Name |
Russell 1000 Enhanced Value Equal Weight Index |
Index Provider |
FTSE Russell |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Market Capitalization Range |
Large Cap |
Growth Value |
Value |
Continent |
North America |
Key Statistics |
Return As of Date |
9 August 2022 |
Asset Under Management |
2.58 Million (USD) |
1 Month Total Return |
6.60 % |
Year To Date Return |
-11.89 % |
1 Year Total Return |
-7.73 % |
3 Year Annualized Total Return |
7.42 % |
NAV |
34.4143 |
Share Outstanding |
75,001 |