Invesco S&P 500 Equal Weight Income Advantage ETF
RSPA
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Jul 17, 2024
- Website
- invesco.com
- Similar Companies
- Business
- Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an actively managed exchange-traded fund that seeks total return through current income and long-term capital growth by tracking the performance of the S&P 500 Equal Weight Index via equity securities and U.S.-listed exchange-traded funds (ETFs), while overlaying an options-based income strategy implemented through equity-linked notes (ELNs) for income generation, downside protection, and upside participation. Core offerings include a diversified portfolio mirroring the equal-weighted S&P 500 constituents across sectors such as industrials, financials, information technology, health care, and consumer discretionary; monthly distributions derived from option premiums, stock dividends, and interest income; and a cash cushion supporting derivative positions, with approximately 76% in equities, 4% in ELNs, and 20% in cash as of recent data. The ETF, with a net expense ratio of 0.00% through at least December 31, 2024 due to a contractual fee waiver, trades on the NYSE Arca exchange and targets investors seeking high monthly yields around 9-10%, reduced volatility relative to cap-weighted benchmarks, and broad large-cap U.S. equity exposure without concentration in mega-cap technology stocks. Launched on July 17, 2024, as part of Invesco Ltd.'s expansion of its active ETF platform and the new Invesco Income Advantage Suite alongside the Invesco QQQ Income Advantage ETF (QQA), RSPA represents a strategic innovation layering options income over high-demand equal-weight indexing to deliver consistent yield and market participation. Invesco, the fund sponsor headquartered in Atlanta, Georgia, manages the ETF through a team including portfolio managers Peter Hubbard, John Burrello, Chris Devine, and Scott Hixon, with assets under management reaching approximately $472 million and holdings encompassing 525 positions as of late 2025. The fund operates primarily in the U.S. market, focusing on institutional and retail investors interested in derivative income strategies within the large-blend equity segment, and remains non-diversified with principal risks tied to derivatives, ELNs, counterparty exposure, and active management deviations from the benchmark. No significant acquisitions, additional partnerships, or structural reorganizations have been reported since inception.