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Security Profile
- Security Type
- Index ETF
- CUSIP
- 46137V290 (prev. 739371755 )
- Market Cap
- Micro Cap · $2 Million
- IPO
- 8/13/2015
- Previous Name
- PowerShares S&P 500 Equal Weight Real Estate Portfolio
Fund Description: Invesco S&P 500® Equal Weight Real Estate ETF, formerly PowerShares S&P 500 Equal Weight Real Estate Portfolio, formerly Guggenheim S&P 500 Equal Weight Real Estate ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Invesco Exchange-Traded Fund Trust, formerly PowerShares Exchange-Traded Fund Trust, formerly Rydex ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Invesco S&P 500® Equal Weight Real Estate ETF seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P 500 Equal Weight Real Estate Index. INDEX DESCRIPTION: The S&P 500 Equal Weight Real Estate Index is an equal weighted version of the S&P 500 Real Estate Index that consists of equity Real Estate Investment Trusts (REITs) and common stock of companies that are classified as Diversified Real Estate Activities Companies, Real Estate Operating Companies, Real Estate Development and Real Estate Services Companies and companies that comprise the Real Estate sector of the S&P 500 Index. The equal weighting of the Index provides equal representation for all securities at the Index’s rebalance intervals, thereby providing broader exposure to the majority of securities in the Index than typically may be found in the Index’s market capitalization weighted counterpart. FUND STRATEGY: The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securitie included in the Index. As long as the Fund invests at least 80% of its total assets in securities included in the Index, the Fund may invest its other assets in stocks that are not included in the Index, futures contracts, options on futures contracts, options, and swaps related to the Index, as well as cash and cash equivalents, and shares of investment funds, including money market funds. On a day-to-day basis, the Fund may also hold repurchase agreements, U.S. Government securities or cash equivalents to collateralize its derivatives positions. In an effort to make sure the Fund is fully invested on a day-to-day basis, the Fund may conduct any necessary trading activity at or just prior to the close of the U.S. financial markets. The Fund is non-diversified and therefore may invest a greater percentage of its net assets in a particular issuer in comparison to a diversified fund. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.
Notes: AUTO-CRE
Company Contact
- Headquarters
- 3500 Lacey Road, Suite 700, Downers Grove, IL 60515
- Phone
- 630-933-9600 · Toll-Free 800-983-0903
- Fax
- 301-296-5101
- Investor Relations
- 800-983-0903 · info@invesco.com