Symbols

SPLV

Invesco S&P 500 Low Volatility ETF·NYSE

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Key Stats

Assets Under Management

7.24BUSD

Fund Flows (1Y)

-99.67MUSD

Dividend Yield

2.03%

Discount/Premium to NAV

0.04%

Shares Outstanding

101.55M

Expense Ratio

0.25%

About Invesco S&P 500 Low Volatility ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

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

Inception Date

May 5, 2011

Structure

Open-Ended Fund

Index Tracked

S&P 500 Low Volatility

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.

SPLV offers a straightforward low-volatility take on the S&P 500. It selects about 100 S&P 500 stocks with the lowest daily volatility over the past year. Least volatile stocks receive the highest weight in the portfolio. SPLV does not consider correlation among stocks, so it produces a basket of low-volatility stocks, not a minimum volatility portfolio, in contrast with iShares' USMV. The largely unconstrained fund makes sizable sector bets at times, which can change dramatically over successive quarterly rebalances. Volatility-based selection and weighting typically drive SPLV's market-cap and beta lower than its neutral benchmark.