GRPZ
Invesco S&P SmallCap 600 GARP ETF
📎 Investment Objective
The Invesco S&P SmallCap 600 GARP ETF (GRPZ) seeks to track the investment results of the S&P SmallCap 600 GARP Index, which is designed to measure the performance of small-capitalization U.S. equities exhibiting 'growth at a reasonable price' (GARP) characteristics.
Overview
ETF tracking Invesco S&P SmallCap 600 GARP ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco S&P SmallCap 600 GARP ETF (GRPZ) seeks to track the investment results of the S&P SmallCap 600 GARP Index, which is designed to measure the performance of small-capitalization U.S. equities exhibiting 'growth at a reasonable price' (GARP) characteristics.
🎯 Investment Strategy
The fund invests at least 90% of its total assets in the securities that comprise the underlying index. The index is composed of 120 small-cap stocks that exhibit GARP characteristics, as determined by S&P Dow Jones Indices.
✨ Key Features
- Focuses on small-cap U.S. stocks with 'growth at a reasonable price' characteristics
- Tracks the S&P SmallCap 600 GARP Index, which is rebalanced quarterly
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration in small-cap stocks, which can be more volatile and less liquid than large-caps
- Potential for higher risk and return compared to broader market indexes
- Reliance on the index provider's methodology for selecting GARP stocks
- Limited performance history makes it difficult to evaluate long-term returns
👤 Best For
This ETF may be suitable for investors seeking exposure to small-cap U.S. equities with a focus on growth at a reasonable price. It could be a component of a diversified portfolio, but investors should be comfortable with the higher volatility and risk profile of small-cap stocks.