Invesco S&P 500® Pure Value ETF

Invesco S&P 500 Pure Value ETF (RPV) holds about 119 S&P 500 stocks that score strongly on value measures, such as low prices relative to earnings, sales and book value. It leaves out companies that also show growth traits. Most value funds weight stocks by company size, but RPV gives more weight to the stocks that look cheapest, so firms like Centene and Ford rank near the top. It costs 0.35% a year, above the 0.30% average for similar funds.

• Over the year to Oct 27, 2026, RPV returned +21.8%, 5th of 9 among similar funds.
• Its 5-year annualized return was +11.4% and its 10-year +11.3%.
• In the 2020 COVID crash it fell 49.2% and regained its old high 9.7 months after the low.
• Its worst full calendar year was 2008 (-47.8%); its best was 2009 (+53.5%).
• The deepest fall in its price history was 75.3% (Jul 16, 2007 to Mar 6, 2009), recovered by Sep 14, 2012.

As of Jul 31, 2026, the fund held 119 securities; the ten largest made up 20.29% of assets, and 2.29% sat in cash and money-market holdings.

By sector

• Over the three months to Jul 31, 2026, investors withdrew a net $260.6M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +1.77%, +1.17%, +4.41%.

RPV tracks the S&P 500 Pure Value Index, which S&P Dow Jones Indices builds from the S&P 500. Each company gets two scores. The value score uses book value, earnings and sales, each compared with the share price. The growth score uses three-year sales growth per share, the three-year change in earnings per share relative to price, and 12-month price momentum. Many style indexes keep companies that look like both value and growth stocks. This index drops them and keeps only the "pure value" names. As of June 30, 2026, it had 119 stocks, with market values from $5.2 billion to $567 billion.

Stocks are weighted by value score, not by market capitalization (the total value of a company's shares). That pushes cheaper-looking and often mid-sized companies toward the top. As of July 31, 2026, the largest holdings were Centene (2.5%), Archer-Daniels-Midland (2.2%) and Humana (2.2%), and the top ten made up about 20% of the fund. The fund uses "full replication," which means it owns all the index stocks at their index weights. Portfolio turnover was 38%.

The fund changes holdings only when the index does, even if a stock is lagging. It can lean heavily on one industry when the index does. It held a tiny futures position, about 0.02% of assets as of July 31, 2026.

• RPV charges 0.35% a year, versus an average of 0.3% for the similar funds below (5th 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).

Its concentrated deep-value approach has produced much sharper crash losses than a broad market fund, so it fits better as a smaller tilt than as a foundation.

RPV can add a deep-value tilt next to a broad index fund, but it has fallen hard in crises. It dropped about 74% in the 2008 financial crisis and about 49% in the 2020 COVID crash. Its worst calendar year was 2008, at about −48%. Its deepest drop, about 75% from July 2007 to March 2009, did not fully recover until September 2012. In 2022 it held up better, losing about 1% for the year. Someone forced to sell shares in a year like 2008 or 2020 could lock in large losses.

Its trailing yield was 2.1% as of October 27, 2026, paid quarterly. It costs 0.35% a year, or $444 over 10 years on $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

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