Invesco S&P 500 Equal Weight Materials ETF
RSPM
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- Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the S&P 500 Equal Weight Materials Index. The underlying index consists of all S&P 500 companies classified in the materials sector according to the Global Industry Classification Standard, equally weighted and rebalanced quarterly to provide diversified exposure across approximately 28-29 holdings including chemicals, construction materials, metals and mining, paper products, and containers and packaging. Top holdings typically include companies such as Mosaic Co., Newmont Corp., Vulcan Materials Co., Martin Marietta Materials Inc., Corteva Inc., Steel Dynamics Inc., Ball Corp., CF Industries Holdings Inc., Sherwin-Williams Co., and Linde plc, representing around 40-42% of the portfolio; the fund invests at least 90% of its assets in these securities using a full replication technique. Launched on November 1, 2006, RSPM is issued by Invesco Exchange-Traded Fund Trust, domiciled in the United States with total net assets of approximately $148-170 million, an expense ratio of 0.40%, and quarterly distributions. RSPM operates within the natural resources and materials segment of the ETF industry, targeting investors seeking equal-weight exposure to large-cap U.S. materials stocks for potential diversification from market-cap weighted benchmarks like the S&P 500 Materials Index. The fund is managed by a team at Invesco including Peter Hubbard, Michael Jeanette, Tony Seisser, and Pratik Doshi, with daily pricing and trading on U.S. exchanges. Invesco, the sponsor, is a global investment management firm headquartered at 1331 Spring Street NW, Suite 2500, Atlanta, Georgia, with operations in over 25 countries. Recent developments for the ETF include a quarterly distribution declaration of $0.1709 per share and strong year-to-date performance of approximately 18.69% as of late 2024, amid materials sector outperformance in 2025. On the sponsor level, Invesco completed a significant strategic transaction in April 2025, repurchasing $1 billion of its preferred stock from MassMutual and forming a new product and distribution partnership with Barings focused on private credit solutions for U.S. wealth channel clients. Additionally, Invesco Real Estate advanced its $1 billion multifamily investment program with Bozzuto, acquiring properties like Ashton at Dulles Corner in Northern Virginia in August 2025, reflecting broader business expansion efforts.