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.

finviz dynamic chart for SPHD

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%.

Fund Overview

  • Net Assets: 4.12B
  • NAV: 44.05
  • Yield: 3.59%
  • Expense Ratio: 0.30%

Performance Overview

  • 4.78% 1-Year Daily Total Return
  • 5.64% 3-Year Daily Total Return

Top 10 Holdings (27.58% of Total Assets)

NameSymbol% Assets
Iron Mountain IncIRM3.21%
Altria Group IncMO3.14%
PPL CorpPPL3.08%
Williams Companies IncWMB2.91%
AT&T IncT2.89%
Kinder Morgan Inc Class PKMI2.72%
Philip Morris International IncPM2.53%
Chevron CorpCVX2.44%
Prudential Financial IncPRU2.34%
Amcor PLC Ordinary SharesAMCR2.32%

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.

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