EQL ISSUER
The issuer of the EQL ETF is State Street Global Advisors, one of the world's leading investment management firms. Known for its innovative approach to indexing and exchange-traded funds, State Street Global Advisors aims to provide investors with diversified and efficient investment solutions. EQL, which seeks to replicate the performance of an equal-weighted index of select sector ETFs, exemplifies the issuer's commitment to offering unique investment strategies that cater to various market segments and investor preferences.
EQL DIVIDEND
The Invesco Russell 1000 Equal Weight ETF (EQL) seeks to replicate, before fees and expenses, the performance of the Underlying Index. Comprising a portfolio of all active Select Sector SPDR® ETFs in equal weight, the Underlying Index is designed for tracking purposes. The ETF's dividend distribution reflects the combined dividend payments from the underlying sector ETFs, providing investors with a dividend-centric approach while maintaining an equally weighted exposure to various sectors in the market.
EQL TRACKING
The EQL ETF, known as the Invesco Russell 1000 Equal Weight ETF, seeks to closely replicate the performance of the Underlying Index. This index comprises all active Select SPDR® ETFs, weighted equally, spanning various sectors such as Communication Services, Consumer Discretionary, Consumer Staples, Materials, Energy, Technology, Utilities, Financial, Industrial, Health Care, and Real Estate. By employing a fund of funds strategy, EQL aims to achieve its investment objective by investing at least 90% of its assets in the shares of the constituent Underlying Tracking ETFs. Rebalanced quarterly to maintain equal weighting, the EQL ETF provides a comprehensive tracking solution across a diversified range of sectors.
EQL CORRELATION
The EQL ETF (Equal Weighted Sector ETF) seeks to replicate the performance of an index composed of various active Select Sector SPDR® ETFs, each representing a specific sector within the market. By maintaining an equal-weighted allocation to these sector ETFs, EQL aims to provide a balanced exposure across different sectors. This approach potentially leads to a moderate correlation with the broader market, as the equal weighting diminishes the dominance of larger sectors and allows for a more diversified representation of industries within the index.
EQL SECTOR
The Invesco S&P 500 Equal Weight ETF (EQL) focuses on providing investors with exposure to a diversified range of sectors within the S&P 500 Index. EQL achieves this by equally weighting all the active Select SECTOR SPDR® ETFs that represent various sectors, including Communication Services, Consumer Discretionary, Consumer Staples, Materials, Energy, Technology, Utilities, Financials, Industrials, Health Care, and Real Estate. This unique approach allows investors to gain a more balanced representation of the market's sectors, reducing the dominance of larger companies and potentially providing a different risk-return profile compared to traditional market-cap-weighted funds.
EQL EXPOSURE
The EQL Equal Weight Sector ETF (EQL) seeks to replicate the performance of the Underlying Index, which comprises all active Select Sector SPDR® ETFs in an equal-weighted portfolio. These ETFs cover various sectors including Communication Services, Consumer Discretionary, Consumer Staples, Materials, Energy, Technology, Utilities, Financials, Industrials, Health Care, and Real Estate. EQL offers investors a diversified exposure to these sectors, providing a balanced approach to investing across different areas of the market. With its equal-weighted allocation strategy, EQL aims to capture broad market trends and reduce concentration risks associated with traditional market-cap-weighted indices.