Invesco S&P 500 High Dividend Low Volatility ETF

Frequently Asked Questions About SPHD

What does SPHD invest in?

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is designed to replicate the performance of the S&P 500 Low Volatility High Dividend Index. This fund allocates a minimum of 90% of its total capital to the common stocks featured within its benchmark index. Standard & Poor's is responsible for the creation, maintenance, and calculation of this index, which consists of 50 companies selected from the S&P 500 that have historically demonstrated both elevated dividend payouts and minimal price volatility. The holdings of the ETF and the constituent companies of the index are both revised and re-evaluated twice annually, in January and July.

What is the expense ratio of SPHD?

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPHD's dividend yield?

SPHD's trailing-twelve-month yield is 4.55%, calculated from the sum of dividends over the past year divided by the current price.

How big is SPHD?

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) manages $3.34B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SPHD actively managed or an index fund?

SPHD is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SPHD's is 0.30%) because there's no security selection cost.

When was SPHD launched?

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) launched in October 2012 and is managed by Invesco.