Invesco S&P 500 Low Volatility ETF

Frequently Asked Questions About SPLV

What does SPLV invest in?

The Invesco S&P 500 Low Volatility ETF (SPLV) aims to provide investors with exposure to the S&P 500 Low Volatility Index. This fund primarily invests, dedicating at least 90% of its total assets, to the specific securities that make up this benchmark index. The underlying index is overseen and calculated by Standard & Poor's. It comprises 100 stocks selected from the broader S&P 500 Index that have exhibited the lowest price instability, or "realized volatility," over the preceding 12 months. Volatility is essentially a measure of how much an asset's price fluctuates up or down during a given period. Both the ETF and its tracking index undergo systematic rebalancing and constituent adjustments on a quarterly basis, specifically in February, May, August, and November.

What is the expense ratio of SPLV?

Invesco S&P 500 Low Volatility ETF (SPLV) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPLV?

Invesco S&P 500 Low Volatility ETF (SPLV) manages $7.18B 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 SPLV actively managed or an index fund?

SPLV 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 (SPLV's is 0.25%) because there's no security selection cost.

When was SPLV launched?

Invesco S&P 500 Low Volatility ETF (SPLV) launched in May 2011 and is managed by Invesco.

How has SPLV performed?

SPLV's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.