Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Invesco S&P 500 Pure Growth ETF (RPG), a passively managed exchange traded fund launched on 03/01/2006.

The fund is sponsored by Invesco. It has amassed assets over $1.56 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.

Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.

While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Also, growth stocks are a type of equity that carries more risk compared to others. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.

Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF’s expense ratio.

Annual operating expenses for this ETF are 0.35%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 0.24%.

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund’s holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Industrials sector–about 24.50% of the portfolio. Consumer Discretionary and Information Technology round out the top three.

Looking at individual holdings, Texas Pacific Land Corp (TPL) accounts for about 2.13% of total assets, followed by Royal Caribbean Cruises Ltd (RCL) and Fortinet Inc (FTNT).

The top 10 holdings account for about 18.82% of total assets under management.

RPG seeks to match the performance of the S&P 500 Pure Growth Index before fees and expenses. The S&P 500 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&P 500 Index.

The ETF has added about 3.41% so far this year and was up about 20.81% in the last one year (as of 05/13/2025). In the past 52-week period, it has traded between $33.68 and $45.03.