Invesco Equally-Weighted S&P 500 Fund Class R
VADRX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Mortimer J. Buckley
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Houston, TX 77046 Malvern PA United States of America 19355
- IPO Date
- Mar 31, 2008
- CIK
- 0000814657
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Invesco Equally-Weighted S&P 500 Fund Class R (VADRX) is an open-end mutual fund that seeks total return through growth of capital and current income by investing, under normal circumstances, all or substantially all of its assets in common stocks included in the S&P 500 Equal Weight Index, derivatives and other instruments that have economic characteristics similar to such securities. The fund tracks the equal-weighted version of the S&P 500 Index, which measures the performance of equity securities of larger U.S. companies and rebalances quarterly to maintain equal weighting across approximately 500 holdings, providing exposure to sectors including technology (16.44%), industrials (14.26%), financial services (13.67%), healthcare (11.90%) and consumer cyclical (10.68%). It offers multiple share classes including A (VADAX), R6 (VADFX) and Y (VADDX), with a net expense ratio of 0.78% for Class R shares, minimum initial investment of $1,000 and assets under management totaling approximately $6.73 billion as of recent data. The fund, launched on March 31, 2008 for Class R shares with Class A inception on July 28, 1997, is managed by Invesco Ltd., an independent investment management firm headquartered in Atlanta, Georgia, with global operations across 20 countries. It primarily serves U.S. investors through diversified large blend strategies in the Morningstar Large Blend category, focusing on U.S. equities (99.03% allocation) with minor non-U.S. stock exposure (0.99%). No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches or reorganizations, have been reported for the fund in the last 1-2 years; it continues to operate as a passively managed index-tracking vehicle with portfolio managers Peter Hubbard (since July 2020), Michael Jeanette (since July 2020), Tony Seisser (since July 2020) and Pratik Doshi (since December 2020), maintaining low annual turnover of 25%. Top holdings as of September 30, 2025, include E-Min S&P 500 Ewf futures (0.66%), Invesco Short-Trm Inv Treasury Instl (0.38%), Warner Bros. Discovery Inc. (0.30%), Intel Corp. (0.27%) and Applied Materials Inc. (0.25%), representing 1.86% of the portfolio. The fund emphasizes quarterly rebalancing for a "buy low, sell high" effect, natural tilts toward value stocks and smaller S&P 500 constituents, and mitigation of concentration risk compared to cap-weighted benchmarks.