Invesco S&P 500 High Dividend Low Volatility ETF (NYSE:SPHD) invests at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (the “index Provider”) compiles, maintains and calculates the underlying index, which is designed to measure the performance of 50 least volatile high yielding constituents of the S&P 500 ® Index in the past year.
This funcd tracks the S&P 500 Low Volatility High Dividend Index, which is rebalanced semi-annually. As the name suggests, this index takes the highest dividend payers from the S&P 500 Index and then selects the lowest volatility companies among those, resulting in a basket of about 50 companies that doesn’t really represent the broader market. Constituent stocks are weighted based on their 12 month trailing dividend yield. Sectors are capped at 25%.
- Net Assets: 4.12B
- NAV: 44.05
- Yield: 3.59%
- Expense Ratio: 0.30%
- 4.78% 1-Year Daily Total Return
- 5.64% 3-Year Daily Total Return
Top 10 Holdings (27.58% of Total Assets)
|Iron Mountain Inc||IRM||3.21%|
|Altria Group Inc||MO||3.14%|
|Williams Companies Inc||WMB||2.91%|
|Kinder Morgan Inc Class P||KMI||2.72%|
|Philip Morris International Inc||PM||2.53%|
|Prudential Financial Inc||PRU||2.34%|
|Amcor PLC Ordinary Shares||AMCR||2.32%|
SPHD’s concentration allows it to deliver a higher dividend yield, which may be the most important factor for a dividend investor. Therefore, pure yield investors will likely prefer to own SPHD for its higher yield for long term.