Invesco S&P 500 Revenue ETF
Invesco S&P 500 Revenue ETF (AMEX: RWL) is an exchange-traded fund listed on NYSE Arca, trading at $130.90 (about ₹12,556 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.39% and holds 504 securities. Indian residents can buy RWL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$129.79
Today's high
$131.02
52 week low
$108.43
52 week high
$135.88
RWL opened at $130.19, closed previously at $130.08, and has traded between $108.43 and $135.88 over the past 52 weeks.
About
The Invesco S&P 500 Revenue ETF (RWL) aims to mirror the performance of the S&P 500 Revenue-Weighted Index, committing a minimum of 90% of its total assets to the index's constituent securities. This index employs a systematic methodology to adjust the weight of companies within the standard S&P 500, allocating proportionally more to those generating higher revenue, while ensuring no single company's weighting surpasses 5%. Both the ETF and its underlying index undergo quarterly rebalancing. According to Morningstar Inc. data as of August 31, 2025, the Fund achieved an overall 5-star rating among 1,077 comparable funds. Its performance also earned 4 stars for the 3-year period (out of 1,077 funds), 5 stars for the 5-year period (out of 1,018 funds), and 5 stars for the 10-year period (out of 826 funds). These ratings reflect a risk-adjusted return methodology that scrutinizes monthly performance fluctuations, penalizing downside volatility more heavily while acknowledging consistent results. For comparative analysis, both open-end mutual funds and ETFs are evaluated as a single group, with ratings only assigned to funds boasting a minimum of three years of operational history. The overarching rating is a composite, weighted average derived from the 3-, 5-, and 10-year metrics (where applicable), factoring in all fees and expenses but excluding sales charges. It is important to note that Morningstar retains all rights to this proprietary data, which should not be copied or distributed, and is not guaranteed to be precise, comprehensive, or current. Neither Morningstar nor its data suppliers accept liability for any losses or damages resulting from its use. Investors are reminded that historical performance is not indicative of future returns. Within any given category, the top 10% of funds are awarded five stars, the subsequent 22.5% receive four stars, the next 35% get three stars, the following 22.5% are assigned two stars, and the bottom 10% are given one star. These ratings are dynamic and can fluctuate monthly. Furthermore, if fee waivers or expense reimbursements had not been in effect at any point, the Morningstar rating might have been lower. Performance characteristics specific to other share classes may result in different ratings.
Key statistics
Expense ratio
0.39%
Assets (AUM)
$9.8B
Holdings
504
NAV
$130.12
Avg. volume
—
1-year price change
+19.71%
5-year price change
+75.38%
Price change excludes dividends.
Top 10 holdings
RWL holds 504 securities in total. These 10 are 23.4% of the fund.
Where the money is invested
Sectors
Countries
How to buy RWL from India
Indian residents can buy RWL units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search RWL and buy
Find the fund by its ticker, RWL, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in RWL from India
Trading and taxes when buying RWL from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the RWL price today?
Invesco S&P 500 Revenue ETF (RWL) last traded at $130.90 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹12,556 a unit at the 25 Sep 2026 USD/INR rate.
When does RWL trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is RWL, and what does it cost to hold?
Invesco S&P 500 Revenue ETF manages about $9.8B. Its expense ratio is 0.39% a year, deducted inside the fund. It launched in 2008.
What are RWL's largest holdings?
The top three are Amazon.com Inc (3.9%), Walmart Inc (3.8%) and Apple Inc (2.5%). RWL's 10 largest positions make up 23.4% of the fund.
Does RWL pay dividends?
Yes. RWL is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on RWL taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of RWL?
Yes. You can buy RWL by amount rather than by whole unit, and there is no minimum trade size.
How has RWL performed?
RWL's price is up 19.7% over the past year and up 75.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.