The Invesco S&P 500® Pure Value ETF (RPV) is an exchange-traded fund designed to provide exposure to S&P 500 companies exhibiting strong value characteristics. The ETF is managed by Invesco and trades under the ticker RPV on the NYSE Arca.

Classified as a factor-based equity ETF, the fund invests in large-cap U.S. companies selected according to value-oriented criteria. Its methodology is designed to identify companies trading at relatively attractive valuations based on their financial fundamentals, providing a more concentrated exposure to the value factor than traditional broad-market indexes.

The ETF follows a passive management approach and seeks to replicate the performance of the S&P 500 Pure Value Index, a benchmark that selects and weights S&P 500 constituents solely according to their value characteristics using measures such as price-to-book, price-to-earnings, and price-to-sales ratios.

Diversification and sector exposure

RPV provides exposure primarily associated with:

• U.S. large-cap stocks.

• Value stocks.

• Financial services.

• Energy.

• Healthcare.

• Consumer discretionary.

• Industrials.

• S&P 500 companies.

The portfolio consists of large-cap companies considered attractively valued relative to their fundamentals, resulting in sector allocations that may differ from those of the broader S&P 500 Index.

The ETF's performance reflects the behavior of value stocks, which often respond differently than growth-oriented companies to changing economic conditions and investor expectations.

Structure and costs

RPV shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Invesco S&P 500® Pure Value ETF was launched in 2006 to provide investors with a more concentrated exposure to the value factor within the S&P 500 universe.

Since inception, the fund has tracked multiple market cycles, reflecting periods during which value stocks outperformed or underperformed growth stocks.

In recent years, shifts in monetary policy, inflation expectations, and the outlook for economic growth have continued to influence the relative performance of the value companies represented in the ETF's portfolio.

Additional Information

Invesco S&P 500® Pure Value ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $1.76 billion.

Over the past 12 months, Invesco S&P 500® Pure Value ETF recorded a return of 26.95%, with its price trading between $97.00 and $123.33 during the same period.

The ETF is traded under the ticker RPV.