If you’re interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the Invesco S&P 500 Revenue ETF (RWL), a passively managed exchange traded fund launched on 02/22/2008.

The fund is sponsored by Invesco. It has amassed assets over $4.93 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.

Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.

Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.

When considering an ETF’s total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.

Annual operating expenses for this ETF are 0.39%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 1.54%.

Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Healthcare sector–about 22.10% of the portfolio. Financials and Consumer Staples round out the top three.

Looking at individual holdings, Walmart Inc (WMT) accounts for about 4.06% of total assets, followed by Amazon.com Inc (AMZN) and Unitedhealth Group Inc (UNH).

The top 10 holdings account for about 24.25% of total assets under management.

RWL seeks to match the performance of the OFI Revenue Weighted Large Cap Index before fees and expenses. The S&P 500 Revenue-Weighted Index is constructed by using a rules-based methodology that re-weights the constituent securities of the S&P 500 Index according to the revenue earned by the companies in the parent index- subject to a maximum 5% per company weighting.

The ETF has lost about -3.89% so far this year and is up about 6.25% in the last one year (as of 04/17/2025). In the past 52-week period, it has traded between $89.02 and $104.39.