# Invesco S&P 500 High Dividend Low Volatility ETF (SPHD): ETF Facts & Distributions

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- Issuer: Invesco · Asset class: Equity
- Strategy: Passive Index · Inception: 2012-10-18

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 revi...

## Key Facts

| Metric | Value |
|---|---|
| Price | $51.10 |
| Expense Ratio | 0.30% |
| Assets Under Management | $3.36B |
| NAV | $51.38 |
| Holdings Count | 54 |
| Distribution Yield (TTM) | 4.86% |
| Annual Distribution (TTM) | $2.49 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $46.58 – $54.04 |
| Beta | 0.47 |

## Latest Distribution

- Amount: $0.2014 /share
- Ex-date: 2026-10-19
- Pay date: 2026-10-23

## Frequently Asked Questions

### 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 4.86%, 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 $3.36B 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.

### Does SPHD pay a dividend?

Yes, Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) distributes dividends to shareholders. The trailing-twelve-month yield is 4.86%. Full dividend history is on this page.

### How often does SPHD pay dividends?

Invesco S&P 500 High Dividend Low Volatility ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is SPHD's next ex-dividend date?

The most recently announced ex-dividend date for SPHD was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will SPHD's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.30% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does SPHD charge its expense ratio?

The expense ratio is deducted in tiny daily slices from SPHD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does SPHD cost more than a fund like VOO?

SPHD is a passive index fund (current expense ratio 0.30%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM).

### Are there cheaper alternatives to SPHD?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPHD (0.30%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/sphd
- Distribution history: https://www.dividenddata.com/funds/sphd/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/sphd/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/sphd/expenses
- Peer comparison: https://www.dividenddata.com/funds/sphd/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.