SPGPInvesco S&P 500 GARP ETF
SPGP Fund Description
SPGP tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth.
SPGP Factset Analytics Insight
SPGP seeks growth stocks that also contain quality and value traits, or growth at a reasonable price. Starting from the S&P 500, the underlying index selects 150 names with the highest growth score, derived from trailing 3-year earnings to price growth and sales to price growth. It then picks the top half of these based on a quality and value score, using financial leverage ratio, return on equity and earnings to price. The resulting 75 names are weighted by the growth score. The underlying index undergoes semi-annual rebalance and reconstitution, subject to certain constraints. The maximum weight of each security is 5% while the maximum weight of any given GICS sector is 40%. Prior to June 24, 2019, the fund tracked a Russell pure growth index (perhaps the opposite of GARP in growth context) under a different name and ticker (PXLG).
SPGP MSCI ESG Analytics Insight
Invesco S&P 500 GARP ETF has an MSCI ESG Fund Rating of A based on a score of 7.00 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P 500 GARP ETF ranks in the 77th percentile within its peer group and in the 92nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SPGP MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SPGP Summary Data
SPGP Portfolio Data
SPGP Index Data
SPGP Portfolio Management
SPGP Tax Exposures
SPGP Fund Structure
SPGP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPGP. SPGP is rated a 5 out of 5.
SPGP Sector/Industry Breakdown
SPGP Economic Development
SPGP Performance Statistics
SPGP MSCI ESG Ratings
SPGP Benchmark Comparison Summary
SPGP Benchmark Comparison Market Cap Size