Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that seeks to track the performance of the S&P SmallCap 600 Revenue-Weighted Index, which modifies the S&P SmallCap 600 Index by weighting its constituents based on fundamental revenue measures rather than market capitalization. The fund invests at least 90% of its total assets in securities that comprise the underlying index, which includes small-cap U.S. equities across sectors such as financial services, consumer cyclical, industrials, and communication services; top holdings as of recent data include United Natural Foods Inc., World Kinect Corp., and Kohl's Corp. With an expense ratio of 0.39%, approximately $1.55 billion in assets under management, and around 600 holdings providing broad diversification, RWJ targets investors seeking small-cap value exposure with a focus on revenue-generating companies.
Launched on February 22, 2008, by Invesco Ltd., headquartered in Atlanta, Georgia, the ETF operates primarily in the U.S. equity market, with shares listed on NYSE Arca. In a significant operational change, the fund executed a 3-for-1 forward share split effective at the close of markets on July 14, 2023, to improve share price accessibility while maintaining proportional ownership and performance characteristics. No major acquisitions, partnerships, funding rounds, or new product launches specific to RWJ have been reported in the last 1-2 years, though the fund continues to reflect periodic index reconstitutions and rebalances by S&P Dow Jones Indices.