We have qualitatively reviewed this strategy and reaffirmed its Average Process and Above Average People ratings. The following text is from July 11, 2023. Invesco S&P 500 Equal Weight constructs a portfolio of equal-weighted U.S. large caps for a low fee. This approach tilts the portfolio toward mid-cap stocks and requires high turnover compared with market-cap weighting, increasing transaction costs and adding to its volatility.