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%.
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)
| Name | Symbol | % Assets |
|---|---|---|
| Iron Mountain Inc | IRM | 3.21% |
| Altria Group Inc | MO | 3.14% |
| PPL Corp | PPL | 3.08% |
| Williams Companies Inc | WMB | 2.91% |
| AT&T Inc | T | 2.89% |
| Kinder Morgan Inc Class P | KMI | 2.72% |
| Philip Morris International Inc | PM | 2.53% |
| Chevron Corp | CVX | 2.44% |
| 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.