Invesco S&P MidCap 400 Revenue ETF (RWK US) – Portfolio Construction Methodology

The underlying S&P MidCap 400 Revenue-Weighted Index offers mid-cap U.S. equity exposure by reweighting the S&P MidCap 400 constituents by their most recent fiscal-year revenues, excluding members with zero or negative revenue. Starting from the committee-selected S&P MidCap 400—whose membership reflects the mid-cap size segment under S&P’s U.S. Indices guidelines, including positive as-reported earnings over the most recent quarter and the trailing four quarters and minimum public float and liquidity thresholds—each company’s weight is proportional to reported revenue, subject to a 5% single-issuer cap. The index retains the parent’s sector breadth but redistributes weights toward higher-sales companies, potentially reducing concentration in high-valuation names. Rebalancing and revenue refresh occur quarterly on the same effective schedule as the parent series.

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