What Is EQL.F?
The ETF invests primarily in equity securities of companies listed in the U.S. and currently holds securities of Invesco S&P 500® Equal Weight ETF (NYSE Arca ticker: RSP) in order to replicate the S&P 500® Equal Weight Index which has the same constituents as the capitalization-weighted S&P 500®; however, each company represented in the index is allocated a fixed weight of 0.20% at each quarterly rebalancing of the index.
Set it, forget it, let compounding do the heavy lifting. 💪