Invesco S&P 500 Minimum Variance ETF

Frequently Asked Questions About SPMV

What does SPMV invest in?

The Invesco S&P 500 Minimum Variance ETF (Fund) is based on the S&P 500 Minimum Volatility Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index employs a managed-volatility methodology that seeks to achieve lower total risk than the S&P 500 Index, while maintaining similar characteristics. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted semi-annually.

What is the expense ratio of SPMV?

Invesco S&P 500 Minimum Variance ETF (SPMV) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPMV?

Invesco S&P 500 Minimum Variance ETF (SPMV) manages $3.6M 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 SPMV actively managed or an index fund?

SPMV 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 (SPMV's is 0.10%) because there's no security selection cost.

When was SPMV launched?

Invesco S&P 500 Minimum Variance ETF (SPMV) launched in July 2017 and is managed by Invesco.

How has SPMV performed?

SPMV'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.