The Invesco S&P 500 Enhanced Value ETF (SPVU) seeks to replicate the performance of the S&P 500 Enhanced Value Index. The fund typically allocates a minimum of 90% of its total capital to the common equities comprising this underlying index. The S&P 500 Enhanced Value Index itself is constructed to track the trajectory of stocks within the broader S&P 500 Index that exhibit the highest "value scores." Both the fund and its benchmark index undergo reconstitution and rebalancing biannually, specifically on the third Fridays of June and December.