GRPZ ETF — Invesco S&P Smallcap 600 GARP ETF
Invesco S&P Smallcap 600 GARP ETF (GRPZ)
GRPZ is an ETF. As of August 17, 2026, its distribution rate is 1.10%, its trailing-12-month yield is 0.86%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 36.4% over the past 2.4 years, 16.0 points behind SPY at 52.4%.
At the current 1.10% distribution rate, a $10,000 investment would generate approximately $110 per year, or $9.17 per month on an equivalent basis. Actual quarterly payments vary.
Invesco S&P Smallcap 600 GARP ETF tracks a custom index of approximately 90 growth stocks from the S&P SmallCap 600 that exhibit relatively high quality and value characteristics. The fund distributes a modest yield quarterly with a low expense ratio of 0.35%. It appeals to growth-oriented income investors seeking exposure to quality small-cap equities.
GRPZ dividend yield and income
Data as of August 17, 2026.
The distribution rate (1.10%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (0.86%) is the last year of payments divided by the current price. The last dividend was $0.0920. The last ex-dividend date was 06/22/2026. It was paid on 06/26/2026. At 1.10%, $10,000 would generate about $110 a year ($9.17 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-06-22 | $0.092 | 24.3% |
| 2026-03-23 | $0.069 | 19.0% |
| 2025-12-22 | $0.061 | 17.3% |
| 2025-09-22 | $0.065 | -16.7% |
| 2025-06-23 | $0.074 | 23.3% |
| 2025-03-24 | $0.058 | — |
| 2024-12-23 | $0.052 | — |
| 2024-09-23 | $0.078 | — |
| 2024-06-24 | $0.06 | — |
| 2024 total | $0.19 | — |
| 2025 total | $0.258 | 35.8% |
| 2026 total | $0.161 | -37.6% |
GRPZ dividend growth
Trailing-12-month distributions versus the preceding 12 months changed 18.14%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is 61.17%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut.
| Window | Change |
|---|---|
| 1Y | 45.6% |
GRPZ performance versus SPY
Data as of August 17, 2026.
Total return is 36.4% over the past 2.4 years, 16.0 points behind SPY at 52.4%. Its deepest 1-year drawdown was 9.5%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (2.4 years) | 36.4% | 13.90% |
GRPZ key facts
Data as of August 17, 2026.
- Distribution Safety Score™
- 90 · Safe
- Safety-Adjusted Yield
- 0.99%
- Issuer
- Invesco
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/27/2024
- Expense ratio
- 0.35%
- Distribution rate
- 1.10%
- Distribution frequency
- Quarterly
- Trailing yield
- 0.86%
- Last close
- $33.52
- AUM
- $3,335,963
- Average volume
- 300.0
- Last dividend
- $0.0920
- Ex-dividend date
- 06/22/2026
- Payment date
- 06/26/2026
- Beta
- 0.9948
- P/E ratio
- 13.5548
How Dividend Vision calculates yield and returns
Distribution rate (1.10%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.86%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. Figures below use Dividend Vision data as of August 17, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 17, 2026.
Primary sources: Invesco; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
GRPZ risks and drawbacks
GRPZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.5%.
Who may consider GRPZ — and who may not
GRPZ may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (GRPZ pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Frequently asked questions
Does GRPZ pay monthly?
No. GRPZ currently pays quarterly, not monthly.
What is GRPZ's expense ratio?
GRPZ's expense ratio is 0.35%.
What is GRPZ's dividend yield?
GRPZ currently yields 1.10%, paid quarterly, with a 0.35% expense ratio.
How has GRPZ's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed 18.14%. That is not a single quarter versus the prior quarter.
When does GRPZ pay a dividend?
GRPZ pays quarterly. The last dividend was $0.0920. The last ex-dividend date was 06/22/2026. It was paid on 06/26/2026.
How has GRPZ performed?
Total return is 36.4% over the past 2.4 years, 16.0 points behind SPY at 52.4%. Its deepest 1-year drawdown was 9.5%.
Is GRPZ a good investment?
GRPZ's Dividend Vision Distribution Safety Score is 90 (Safe). That is a risk signal, not investment advice. It currently yields 1.10%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Invesco.
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