(RWL) SP500 Revenue - Overview

The Invesco S&P 500 Revenue ETF (RWL) seeks to track the performance of the S&P 500® Revenue Index, investing at least 90% of its assets in the revenue-producing constituents of the S&P 500. As a large-value ETF, it offers exposure to the same companies that dominate U.S. equity markets, but weighted by their revenue streams rather than market capitalization.

As of February 2026, RWL holds roughly $2.3 billion in assets under management and charges an expense ratio of 0.15%. Its top ten holdings-Apple, Microsoft, Amazon, Alphabet, Meta Platforms, Johnson & Johnson, Berkshire Hathaway, Visa, Procter & Gamble, and UnitedHealth Group-represent about 45% of the portfolio. The fund’s sector composition is led by Technology (≈27%) and Financials (≈15%), reflecting the revenue-heavy nature of these industries. Recent macro drivers include robust corporate earnings growth (Q4 2025 corporate revenue up 6.2% YoY) and a moderate interest-rate environment that supports consumer spending, both of which underpin the ETF’s revenue-focused strategy.

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