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RSPAInvesco S&P 500 Equal Weight Income Advantage ETF

Get income2y track recordRanked #394 of 1,650 in this goal

Seeks total return through current income and long-term growth of capital.

By Invesco · Launched 2024

Annual Cost

0.29%

#1,304 of 5,854 · low cost

Fund Size

$907M

#1,183 of 5,854 · large

Dividend YieldGoal

8.95%

Track Record

2 years

#3,595 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,839+18.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

S&P 500 Equal Weight Index

What it actually holds

By weight

Concentration

Top 10 holdings = 22.6% of fund✓ well diversified

Invesco Premier U.S. Government Money Portfolio
19.0%
Invesco Private Prime Fund
0.9%
Societe Generale
0.4%
Invesco Private Government Fund
0.4%
Morgan Stanley
0.3%
Goldman Sachs Group, Inc. (The)
0.3%
Toronto-Dominion Bank (The)
0.3%
Societe Generale
0.3%
Citigroup Inc.
0.3%
Intel Corp.
0.3%

Asset allocation

Stocks
76.9%
Cash
23.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.5%Low

Year-on-year price swings

Max drawdown
-15.4%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks total return through current income and long-term growth of capital.
Strategy
Invests in U.S. equity securities to track the S&P 500 Equal Weight Index using a passive strategy. Employs an options-based income strategy through equity-linked notes (ELNs) for additional income and downside protection.
Inception date
July 17, 2024
Fund family
Invesco

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03