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 $7.25B 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.