Invesco Equally-Weighted S&P 500 Fund Class A (VADAX)
| Fund Assets | 6.64B |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 6.28 |
| Dividend Yield | 7.81% |
| Dividend Growth | 93.88% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2024 |
| Previous Close | 75.96 |
| YTD Return | 4.67% |
| 1-Year Return | 9.50% |
| 5-Year Return | 88.16% |
| 52-Week Low | 62.72 |
| 52-Week High | 82.88 |
| Beta (5Y) | n/a |
| Holdings | 508 |
| Inception Date | Jul 28, 1997 |
About VADAX
The Invesco Equally-Weighted S&P 500 Fund Class A is an open-ended mutual fund designed to provide investors with diversified exposure to large-cap U.S. equities. Unlike traditional funds tracking the S&P 500, this fund allocates approximately equal weight to each constituent of the S&P 500 Index, thereby reducing concentration risk associated with mega-cap stocks and offering greater representation to mid-sized and smaller S&P 500 companies. The fund is rebalanced quarterly, which helps maintain equal weights and may naturally drive a tilt toward value-oriented and smaller-cap stocks over time. This structure can lead to differentiation in performance versus the capitalization-weighted S&P 500, particularly during periods when broader market participation outpaces gains led by the largest firms. The fund seeks total return through both capital growth and current income, and covers a wide range of sectors, making it suitable for investors seeking a diversified, index-based U.S. equity strategy with less exposure to the largest market constituents.
Performance
VADAX had a total return of 9.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.88%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FDGTX | Fidelity | Fidelity Advisor Dividend Growth Fund - Class M | 1.34% |
| FDGIX | Fidelity | Fidelity Advisor Dividend Growth Fund - Class I | 0.85% |
| FMILX | Fidelity | Fidelity New Millennium Fund | 0.76% |
| FDGKX | Fidelity | Fidelity Dividend Growth Fund - Class K | 0.49% |
| FZADX | Fidelity | Fidelity Advisor Dividend Growth Fund - Class Z | 0.71% |
Top 10 Holdings
4.04% of assets| Name | Symbol | Weight |
|---|---|---|
| E-Min S&P 500 Ewf Jun25lwem5 | n/a | 1.07% |
| Short-Term Investment Trust - Invesco Treasury Portfolio | TRPXX | 0.61% |
| Short-Term Investment Trust - Invesco Government & Agency Portfolio | AGPXX | 0.33% |
| NRG Energy, Inc. | NRG | 0.32% |
| GE Vernova Inc. | GEV | 0.30% |
| Palantir Technologies Inc. | PLTR | 0.30% |
| The Mosaic Company | MOS | 0.28% |
| Dollar Tree, Inc. | DLTR | 0.28% |
| Ulta Beauty, Inc. | ULTA | 0.27% |
| Amphenol Corporation | APH | 0.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2024 | $6.2774 | Dec 16, 2024 |
| Dec 15, 2023 | $3.2378 | Dec 15, 2023 |
| Dec 16, 2022 | $5.421 | Dec 16, 2022 |
| Dec 16, 2021 | $7.7119 | Dec 16, 2021 |
| Dec 11, 2020 | $4.1698 | Dec 11, 2020 |
| Dec 13, 2019 | $2.8542 | Dec 13, 2019 |