Invesco S&P MidCap 400 GARP ETF
$137.68−1.17 (−0.84%)
- Expense ratio
- 0.35%
- Fund size
- $504M
- 1Y return
- +15.1%
- Yield · Last 12 months
- 0.57%
- Holdings
- 61
- Volume · 30D
- 0M sh
- NAV per share
- $138.84
- 52W range
The ETF.net GRPM Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 42Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 82Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 28Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 48Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on GRPM
CTake the S&P MidCap 400, then keep only the roughly 60 names that clear a growth-at-a-reasonable-price screen. GRPM is the stock-picker's cut of a midcap index fund, run by rules instead of a manager.
The Fund invests at least 90% of its assets in securities comprising the S&P MidCap 400 GARP Index. The index targets companies with fundamental growth, reasonable valuations, financial strength and earning power.
Why people hold it
- Screens a 400-stock midcap universe down to about 60 names on growth, valuation, financial strength and earning power. A real bet, not a benchmark in disguise.invesco.com
- Rules, not vibes: at least 90% of assets sit in S&P MidCap 400 GARP Index constituents, and the fund has hugged that index closely.invesco.com
- The odd one out among plain S&P 400 trackers like SPMD, IJH and IVOO: same universe, factor screen bolted on. Invesco has run the ticker since 2010.
Worth knowing
- The screen costs money: 0.35% a year versus a 0.15% category median, and vanilla access to the same 400 stocks runs 0.03% at SPMD, 0.05% at IJH.
- Thinly traded next to the giants in its category, which tends to mean wider bid-ask spreads and more slippage on size.
- About 60 holdings means individual names swing the outcome, and the fund can diverge widely from the broad midcap 400 in either direction.
GRPM Holdings
- Stocks
- 61
- 26%
- ANF
Sectors
- Technology23.0%
- Financials22.6%
- Health Care18.9%
- Consumer Discr.13.4%
- Industrials10.6%
- Energy5.4%
- Materials3.9%
- Cons. Staples2.3%
Geography
- United States93.40%
- Bermuda2.40%
- United Kingdom2.17%
- Sweden1.15%
- Cayman Islands0.88%
GRPM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GRPM |
|---|---|
| Year to date | +16.1% |
| 1 month | −4.0% |
| 3 months | +9.6% |
| 1 year | +15.1% |
| 3 years | +18.5% |
| 5 years | +10.1% |
| 10 years | +11.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GRPM |
|---|---|---|
| 2026 YTD | +16.1% | |
| 2025 | +7.8% | |
| 2024 | +15.7% | |
| 2023 | +18.8% | |
| 2022 | −11.6% | |
| 2021 | +26.4% | |
| 2020 | +15.6% |
GRPM in the news
ETF.net Research hasn’t filed on GRPM yet — coverage lands here as it’s written.
GRPM Dividends
- 0.57%
- $0.78
- $0.15 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.15 |
| Jun 22, 2026 | Jun 26, 2026 | $0.20 |
| Mar 23, 2026 | Mar 27, 2026 | $0.21 |
| Dec 22, 2025 | Dec 26, 2025 | $0.22 |
| Sep 22, 2025 | Sep 26, 2025 | $0.32 |
| Jun 23, 2025 | Jun 27, 2025 | $0.49 |
| Mar 24, 2025 | Mar 28, 2025 | $0.41 |
| Dec 23, 2024 | Dec 27, 2024 | $0.21 |
| Sep 23, 2024 | Sep 27, 2024 | $0.29 |
| Jun 24, 2024 | Jun 28, 2024 | $0.30 |
| Mar 18, 2024 | Mar 22, 2024 | $0.28 |
| Dec 18, 2023 | Dec 22, 2023 | $0.19 |
GRPM Risk
- 18.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.73
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GRPM Cost
- The middle half of US Multifactor funds
- Median 0.30%
54 of the 98 US Multifactor funds charge less.