# Invesco S&P 500 Equal Weight UCITS ETF USD (SPES)

**Page:** https://fundology.uk/fund/spes · ISIN IE00BM8QRY62

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, SPES (Invesco S&P 500 Equal Weight UCITS ETF USD, ISIN IE00BM8QRY62) closed at £52.97 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its price changed by +38.3% (income paid out is not included), or +7.9% after UK CPIH inflation.

## Summary

Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2021. It tracks the S&P 500 Equal Weighted — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£52.97** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SPES |
| ISIN | IE00BM8QRY62 |
| Also listed as | SPED (London Stock Exchange, US dollars), SP2D (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | Invesco |
| Tracks | S&P 500 Equal Weighted |
| Income | Distributing |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £326m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/04/2021 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +16.73% | +12.60% | income reinvested |
| 3 years | +50.12% | +35.63% | income reinvested |
| 5 years | +38.26% | +7.92% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD in pounds (price only, income paid out not included): 2022 −2.8%, 2023 +6.5%, 2024 +13.3%, 2025 +0.8%; 2026 to 13/11/2026 +17.0%. Returns of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +11.1%; to 30/09/2025: +5.9%; to 30/09/2024: +14.4%; to 30/09/2023: +0.5%; to 30/09/2022: +4.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.8% | -11.0% | Price |
| 2023 | +6.5% | +2.3% | Price |
| 2024 | +13.3% | +9.4% | Price |
| 2025 | +0.8% | -2.7% | Price |
| 2026 to 13/11/2026 | +17.0% | +13.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 9.57% | -5.85% |
| 3 years | 11.77% | -18.22% |
| 5 years | 13.32% | -18.22% |

## Largest fall

Volatility of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 9.6% over 1 year, 11.8% over 3 years, 13.3% over 5 years. Largest fall in the price of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD since November 2021, in pounds: −18.2% from 22/11/2024 to 11/04/2025. The lowest 12-month return of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD in pounds (price only, income paid out not included) since April 2021 was −8.6% (12 months to 18/08/2023); the highest was +27.1% (12 months to 22/11/2024). On 13/11/2026 the price of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD 0.20% a year. Compared on 14/11/2026, 85 of the 254 other US share funds charge more, 44 the same and 125 less (share classes counted once).

## Funds tracking the same index

11 funds track S&P 500 Equal Weighted, this one included and share classes counted once; their ongoing charges range from 0.08% to 0.20% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi S&P 500 Equal Weight -UCITS ETF ACC- Capitalisation | 0.12% | +18.2% | — | — |
| Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD (this fund) | 0.20% | +16.7% | +50.1% | — |
| Invesco S&P 500 Equal Weight Swap UCITS ETF AccumUSD | 0.20% | +19.3% | — | — |
| Invesco S&P 500 Equal Weight UCITS ETF AccumUSD | 0.20% | +16.7% | +50.1% | — |
| iShares S&P 500 Equal Weight UCITS ETF AccumHedged GBP | 0.17% | +18.7% | — | — |
| iShares S&P 500 Equal Weight UCITS ETF AccumUSD | 0.15% | +17.9% | — | — |
| UBS (Irl) Fund Solutions PLC - UBS S&P 500 Equal Weight SF UCITS ETF AccumUSD | 0.12% | +17.5% | — | — |
| Xtrackers (IE) PLC - Xtrackers S&P 500 Equal Weight UCITS ETF Accum-1D- Hedged GBP | 0.17% | +18.6% | +62.7% | +29.3% |
| Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD | 0.08% | +18.8% | — | — |
| Xtrackers S&P 500 Equal Weight UCITS ETF | 0.15% | +17.8% | +52.6% | +50.1% |
| Xtrackers S&P 500 Equal Weight UCITS ETF 2D USD | 0.15% | +17.8% | — | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 12/11/2026, SPES holds 504 positions, according to its published holdings. The largest is Moderna at 0.33% of the fund; the ten largest make up 2.7%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Moderna | [MRNA](https://fundology.uk/stock/MRNA) | 0.33% |
| 2 | Ptc | [PTC](https://fundology.uk/stock/PTC) | 0.30% |
| 3 | Accenture · Class A | [ACN](https://fundology.uk/stock/ACN) | 0.28% |
| 4 | IDEXX Laboratories | [IDXX](https://fundology.uk/stock/IDXX) | 0.27% |
| 5 | Hasbro | [HAS](https://fundology.uk/stock/HAS) | 0.26% |
| 6 | Mettler-Toledo International | [MTD](https://fundology.uk/stock/MTD) | 0.26% |
| 7 | Applovin · Class A | [APP](https://fundology.uk/stock/APP) | 0.25% |
| 8 | Carnival | [CCL](https://fundology.uk/stock/CCL) | 0.25% |
| 9 | Cboe Global Markets | [CBOE](https://fundology.uk/stock/CBOE) | 0.25% |
| 10 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 0.25% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 05/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 16.4% |
| Financials | 15.3% |
| Health Care | 13.5% |
| Information Technology | 13.4% |
| Consumer Discretionary | 10.0% |
| Consumer Staples | 6.9% |
| Utilities | 6.2% |
| Real Estate | 6.0% |
| Other sectors | 12.3% |

### By country

As published for the fund, as of 05/11/2026.

| Country | Weight |
|---|---|
| United States | 99.3% |
| Switzerland | 0.4% |
| Netherlands | 0.2% |

### By type of asset

Added up from the fund’s published holdings, as of 05/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 504 holdings: https://fundology.uk/fund/spes/holdings

## Questions people ask

**What is the ongoing charge of SPES?**

The ongoing charge of SPES is 0.20% a year — about £20 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD 0.20% a year. Compared on 14/11/2026, 85 of the 254 other US share funds charge more, 44 the same and 125 less (share classes counted once).

**What does SPES track?**

SPES tracks the S&P 500 Equal Weighted — about 500 of the largest companies listed in the US.

**Is SPES accumulating or distributing?**

SPES is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of SPES?**

The ISIN of SPES is IE00BM8QRY62. An ISIN identifies one exact share class of a fund; SPES is its ticker on the London Stock Exchange. The same share class is also listed as SPED (London Stock Exchange, US dollars) and SP2D (Xetra, euros).

**What does SPES hold?**

As of 12/11/2026, SPES holds 504 positions, according to its published holdings. The largest is Moderna at 0.33% of the fund; the ten largest make up 2.7%. Its ten largest holdings are Moderna (0.33%), Ptc (0.30%), Accenture · Class A (0.28%), IDEXX Laboratories (0.27%), Hasbro (0.26%), Mettler-Toledo International (0.26%), Applovin · Class A (0.25%), Carnival (0.25%), Cboe Global Markets (0.25%) and Eli Lilly (0.25%).

**What were SPES’s returns in each of the last five years?**

Calendar-year returns of SPES in pounds (price only, income paid out not included): 2022 −2.8%, 2023 +6.5%, 2024 +13.3%, 2025 +0.8%; 2026 to 13/11/2026 +17.0%. Past performance is not a guide to future returns.

**How has SPES done after inflation?**

Over the five years to 13/11/2026 SPES’s price changed by +38.3% (income paid out is not included), or +7.9% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.