GRPM
Invesco S&P MidCap 400 GARP ETF
📎 Investment Objective
The Invesco S&P MidCap 400 GARP ETF (GRPM) seeks to track the investment results of the S&P MidCap 400 Growth at a Reasonable Price Index, which is designed to provide exposure to mid-cap companies exhibiting growth at a reasonable price characteristics.
Overview
ETF tracking Invesco S&P MidCap 400 GARP ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Invesco S&P MidCap 400 GARP ETF (GRPM) seeks to track the investment results of the S&P MidCap 400 Growth at a Reasonable Price Index, which is designed to provide exposure to mid-cap companies exhibiting growth at a reasonable price characteristics.
🎯 Investment Strategy
The ETF employs a passive management approach, seeking to track the performance of its underlying index by investing in a representative sample of the securities included in the index. The index selects constituents based on a combination of growth and valuation metrics to identify mid-cap companies trading at reasonable prices relative to their growth potential.
✨ Key Features
- Provides exposure to a diversified portfolio of mid-cap U.S. stocks exhibiting growth at a reasonable price characteristics
- Utilizes a rules-based index methodology to identify potential growth opportunities among mid-cap companies
- Low expense ratio of 0.00% makes it a cost-effective option for mid-cap equity exposure
- Passive, index-tracking approach aims to deliver market-like returns over the long term
⚠️ Primary Risks
- Market risk: The value of the ETF's holdings may decline due to general market conditions or other factors
- Mid-cap risk: Investments in mid-cap companies may be subject to more abrupt or erratic market movements than larger, more established companies
- Growth investing risk: The ETF's focus on growth stocks may underperform value or other stock market strategies in certain market environments
- Tracking error risk: The ETF may not perfectly track the performance of its underlying index
👤 Best For
The Invesco S&P MidCap 400 GARP ETF may be suitable for investors seeking exposure to a diversified portfolio of mid-cap U.S. stocks with a focus on growth at a reasonable price. It may be appropriate as a core holding or as part of a broader diversified portfolio, particularly for investors with a medium to long-term investment horizon and a moderate risk tolerance.