Invesco Russell 1000 Low Beta Equal Weight ETF (USLB) is an exchange-traded fund that seeks to track the performance of the Russell 1000 Low Beta Equal Weight Index, comprising U.S.-listed stocks from the Russell 1000 Index selected for low beta characteristics (beta less than 1 over the prior 18 months) and positive earnings, with equal weighting to reduce concentration risk. The ETF offers investors exposure to a diversified portfolio of large-cap U.S. equities exhibiting lower volatility relative to the broader market, spanning multiple sectors including those represented in the Russell 1000; it targets institutional and retail investors seeking balanced low-beta strategies. Sponsored by Invesco Ltd., a global investment management firm founded in 1935 and headquartered in Atlanta, Georgia, the ETF operated primarily in the U.S. market through Invesco Exchange-Traded Fund Trust II.
The fund launched on November 5, 2015, providing equal-weighted holdings of low-beta securities from the Russell 1000 universe to deliver a defensive equity strategy with potentially reduced market sensitivity. In a significant operational change, the Board of Trustees of Invesco Exchange-Traded Fund Trust II approved the termination and liquidation of USLB on January 20, 2023, with trading ceasing on March 30, 2023, and final cash distributions to shareholders at a net asset value of $35.75969 per share on April 6, 2023. This liquidation marked the ETF's closure, with no subsequent relaunches, acquisitions, partnerships, or strategic expansions reported as of late 2025.