Symbols

SPHB

Invesco S&P 500 High Beta ETF·ARCA

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Key Stats

Assets Under Management

576.16MUSD

Fund Flow (1Y)

116.54MUSD

Dividend Yield

0.60%

Discount / Premium to NAV

Shares Outstanding

4.93M

Expense Ratio

0.25%

About Invesco S&P 500 High Beta ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=SPHB

Inception Date

May 5, 2011

Structure

Open-Ended Fund

Index Tracked

S&P 500 High Beta Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Invesco Capital Management LLC

Distributor

Invesco Distributors, Inc.

SPHB is the S&P 500 ETF for extreme market bulls — almost akin to a leveraged fund. In selecting constituents for the underlying index, trailing daily price changes over the past 12 months is used to calculate the S&P 500 constituents' betas. Such constituents are then ranked in descending order of their betas wherein the top 100 securities finally form the index. Its weighting methodology is also designed so each constituent is set proportional to its beta — all these in an attempt to magnify market movements. While SPHB doesn't look much like the broad US large-cap space, it fulfills its high-beta mandate.