Symbols

SPHD

Invesco S&P 500 High Dividend Low Volatility ETF·ARCA

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Key Stats

Assets Under Management

3.30BUSD

Fund Flows (1Y)

-229.70MUSD

Dividend Yield

4.16%

Discount/Premium to NAV

0.02%

Shares Outstanding

64.09M

Expense Ratio

0.30%

About Invesco S&P 500 High Dividend Low Volatility ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

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

Inception Date

Oct 18, 2012

Structure

Open-Ended Fund

Index Tracked

S&P 500 Low Volatility High Dividend 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.

SPHD cherry-picks the US equity market, rather than delivering the whole basket. It includes the 50 least volatile names chosen from a shortlist of the S&P 500's 75 highest dividend-yielding securities. The fund then weights selected stocks based on trailing12-month dividend yield, with sector weights capped at 25%. Looking little like the broad large-cap market, SPHD tilts small and tends to overweight traditionally defensive industries like utilities and basic materials. The fund might also underweight the more volatile technology and consumer cyclical companies. The index is rebalanced semi-annually.