Invesco Equally-Weighted S&P 500 Fund Q4 2025 Commentary

Invesco US3.32K FollowersFollow5ShareSavePlay(9min)CommentsSummaryThe fund’s underweight and stock selection in the communication services sector and stock selection in the health care sector had the largest negative effects on relative return.Mega-cap stocks outperformed smaller stocks, creating a headwind for the fund whose equal weight methodology leads to underweights in the largest index stocks and overweights in smaller ones.Keeping position sizes approximately equal reduces concentration risk compared to the S&P 500 Index where the biggest companies represent the largest exposures.Additionally, the fund has a lower valuation than the capitalization-weighted index. AlexSecret/iStock via Getty Images Manager perspective and outlook Despite the US government shutting down for 43 days, the US economy remained resilient. Growth was primarily driven by AI-related infrastructure, while consumer spending was another pillar of support. That said, the shutdown was a temporary This article was written byInvesco US3.32K FollowersFollowInvesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax professional for information concerning their individual situation. The opinions expressed are those of the authors, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE All data provided by Invesco unless otherwise noted. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products and collective trust funds. Invesco Advisers, Inc. and other affiliated investment advisers mentioned provide investment advisory services and do not sell securities.

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