Invesco S&P 500® Pure Growth ETF

Invesco S&P 500® Pure Growth ETF (RPG) holds about 66 S&P 500 stocks that score strongly on growth and weakly on value. It weights each stock by the strength of its growth score, not by company size. That makes it narrower and more tilted than a broad growth fund such as iShares S&P 500 Growth ETF (IVW). It also costs more: 0.35% a year, against 0.18% for IVW.

• Over the year to Oct 27, 2026, RPG returned +12.5%, 3rd of 9 among similar funds.
• Its 5-year annualized return was +6.4% and its 10-year +13.4%.
• In the 2020 COVID crash it fell 36.6% and regained its old high 3.9 months after the low.
• Its worst full calendar year was 2008 (-38.8%); its best was 2009 (+49.4%).
• The deepest fall in its price history was 53.3% (Oct 10, 2007 to Mar 9, 2009), recovered by Oct 13, 2010.

As of Jul 31, 2026, the fund held 66 securities; the ten largest made up 29.35% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $58.0M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +10.59%, +6.35%, -12.45%.

RPG tracks the S&P 500 Pure Growth Index, which S&P Dow Jones Indices builds. Every S&P 500 stock gets two scores. The growth score uses three-year sales-per-share growth, the three-year change in earnings per share compared with the share price, and momentum (the price change over the past 12 months). The value score compares book value, earnings and sales with the share price. Broader style indexes can include stocks that show both traits. This index drops them and keeps only "pure growth" companies.

Most funds weight stocks by market value. This index weights them by growth score instead, so the strongest growth stories get the largest slices. As of June 30, 2026, it held 66 stocks worth between $10.1 billion and $4.8 trillion. Because size doesn't set the weights, companies like Sandisk (6.3% of assets as of July 31, 2026) and Comfort Systems (3.3%) can outweigh much larger firms. The fund uses full replication, meaning it buys every stock in the index at the index's weight.

The fund trades only when the index changes. Portfolio turnover was 69%, so the fund replaced roughly two-thirds of its holdings over a year. It uses no leverage or options, and it held no derivatives as of July 31, 2026. It was managed as a diversified fund as of April 30, 2026. If index weights shift, it could become non-diversified and hold more in a few stocks.

• RPG charges 0.35% a year, versus an average of 0.31% for the similar funds below (7th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $36 in the first year and $444 over 10 years (assuming a 5% annual return).

It is a concentrated, high-turnover growth fund that has swung harder than the market, so it fits better as a small add-on than as a foundation.

RPG could add a stronger tilt toward fast-growing companies than a broad index fund gives. The cost is deep drops. It fell 53.3% in the 2008 financial crisis and didn't recover until October 2010, about 19 months after the low. Its worst calendar year was 2008, at -38.8%. It lost 36.6% in the 2020 COVID crash but recovered in about four months. In 2022 it fell 31.9% and took about 28 months to recover, until October 2024. Anyone who has to sell shares in a bad year could lock in losses like these. The trailing yield was just 0.17% as of October 27, 2026, paid quarterly, so the fund offers little income to draw on. On the SEC's standard $10,000 example, costs come to $36 after one year and $444 after ten. Past results don't predict future ones, and a retirement plan works best when it looks at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.