# Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD (SPES) **Source:** https://fundology.uk/fund/spes · ISIN IE00BM8QRY62 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, SPES (Invesco S&P 500 Equal Weight UCITS ETF USD, ISIN IE00BM8QRY62) closed at £50.13 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 30/09/2026 its total return was +15.9%, or −9.4% 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: **£50.13** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SPES | | ISIN | IE00BM8QRY62 | | 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 | £230m | | Launched | 2021 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +13.91% | +10.33% | income reinvested | | 3 years | +42.00% | +28.14% | income reinvested | | 5 years | +15.92% | -9.38% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 +12.5%, 2025 +1.7%; 2026 to 30/09/2026 +10.4%. 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: +12.6%; to 30/09/2025: +4.5%; to 30/09/2024: +14.4%; to 30/09/2023: +0.5%; to 30/09/2022: +3.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -2.8% | -11.0% | Price | | 2023 | +6.5% | +2.3% | Price | | 2024 | +12.5% | +8.6% | Price | | 2025 | +1.7% | -1.8% | Price | | 2026 to 30/09/2026 | +10.4% | +7.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.03% | -5.85% | | 3 years | 12.00% | -18.22% | | 5 years | 13.36% | -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 30/09/2026: 10.0% over 1 year, 12.0% over 3 years, 13.4% over 5 years. Largest fall in the price of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD since October 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 30/09/2026 the price of Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD was 3.9% below its highest weekly close since October 2021 (14/08/2026), 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, as of 01/10/2026: 69 of the 210 other US share funds charge more, 33 the same and 108 less (share classes counted once). ## Funds tracking the same index 12 funds track S&P 500 Equal Weighted, this one included and share classes counted once; their ongoing charges range from 0.08% to 0.30% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi S&P 500 Equal Weight -UCITS ETF ACC- Capitalisation | 0.12% | +12.3% | — | — | | Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD (this fund) | 0.20% | +13.9% | +42.0% | +15.9% | | Invesco S&P 500 Equal Weight Swap UCITS ETF AccumUSD | 0.28% | +12.3% | — | — | | Invesco S&P 500 Equal Weight UCITS ETF AccumUSD | 0.20% | +13.9% | +42.0% | +15.9% | | iShares S&P 500 Equal Weight UCITS ETF AccumHedged GBP | 0.17% | +12.0% | +22.1% | — | | iShares S&P 500 Equal Weight UCITS ETF AccumUSD | 0.15% | +14.0% | +16.0% | — | | UBS (Irl) Fund Solutions PLC - UBS S&P 500 Equal Weight SF UCITS ETF AccumUSD | 0.12% | +12.5% | — | — | | UBS (Irl) Fund Solutions PLC - UBS S&P 500 Equal Weight SF UCITS ETF USD | — | +12.5% | — | — | | Xtrackers (IE) PLC - Xtrackers S&P 500 Equal Weight UCITS ETF Accum-1D- Hedged GBP | 0.30% | +12.3% | +51.9% | — | | Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD | 0.08% | +12.1% | — | — | | Xtrackers S&P 500 Equal Weight UCITS ETF | 0.20% | +13.9% | +41.9% | +50.5% | | Xtrackers S&P 500 Equal Weight UCITS ETF 2D USD | 0.25% | +13.9% | +15.8% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Moderna Inc USD0.0001 | 0.29% | | Everpure Inc USD0.0001 · Class A | 0.28% | | Illumina Inc USD0.01 | 0.27% | | Crowdstrike Holdings Inc - A | 0.26% | | Agilent Technologies | 0.25% | | Datadog Inc - USD0.00001 · Class A | 0.25% | | Revvity Inc USD 1 | 0.25% | | Advanced Micro Devices | 0.24% | | Cadence Design Sys Inc USD0.01 | 0.24% | | Intuitive Surgical | 0.24% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by Invesco, as of 30/09/2026. | Sector | Weight | |---|---| | Industrials | 16.6% | | Information Technology | 15.6% | | Financials | 14.7% | | Health Care | 12.6% | | Consumer Discretionary | 9.6% | | other | 7.6% | | Consumer Staples | 6.5% | | Utilities | 5.9% | | Other sectors | 10.9% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | United States | 99.5% | | Netherlands | 0.2% | | Switzerland | 0.2% | ### By type of asset Added up from the holdings Invesco publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Equity | 100.0% | | Cash and money market | 0.0% | All 504 holdings: https://fundology.uk/fund/spes/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.