Exchange-Traded Funds

XSHD - Invesco S&P SmallCap High Dividend Low Volatility ETF

Equity - US Equity

Product Details

The Invesco S&P SmallCap High Dividend Low Volatility ETF (the "Fund") is based on the S&P SmallCap 600 Low Volatility High Dividend Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 60 securities in the S&P SmallCap 600® Index that have historically provided high dividend yields with lower volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted semi-annually on the last business day in January and July.

as of 09/30/2018

Factor DNATM

Financial Professionals - Log in to view the fund’s Factor DNATM chart

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 09/30/2018

Factor DNATM

Financial Professionals - Log in to view the fund’s Factor DNATM chart

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 09/30/2018 09/30/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P SmallCap 600 Low Volatility High Dividend Index 7.42 11.15 N/A N/A N/A 8.38
S&P SmallCap 600 Index 14.54 19.08 19.41 13.33 12.86 17.64
S&P SmallCap 600 Low Volatility High Dividend Index 7.42 11.15 N/A N/A N/A 8.38
S&P SmallCap 600 Index 14.54 19.08 19.41 13.33 12.86 17.64
Fund History (%)
Fund NAV 7.16 10.79 N/A N/A N/A 7.99
After Tax Held 5.58 8.86 N/A N/A N/A 6.48
After Tax Sold 4.19 6.53 N/A N/A N/A 5.69
Fund Market Price 7.20 10.83 N/A N/A N/A 8.03
Fund NAV 7.16 10.79 N/A N/A N/A 7.99
After Tax Held 5.58 8.86 N/A N/A N/A 6.48
After Tax Sold 4.19 6.53 N/A N/A N/A 5.69
Fund Market Price 7.20 10.83 N/A N/A N/A 8.03

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 09/30/2018

Growth of $10,000

Data beginning Fund inception and ending 09/30/2018. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 10/19/2018

Sector Allocation

as of 10/18/2018

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value 1.67%
Mid-Cap Blend -
Mid-Cap Growth -
Small-Cap Value 63.19%
Small-Cap Blend 26.81%
Small-Cap Growth 8.32%

as of 10/19/2018 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
WSR Whitestone REIT 3.35
WDR Waddell & Reed Financial Inc 3.33
PMT PennyMac Mortgage Investment Trust 3.28
RPT Ramco-Gershenson Properties Trust 3.25
ARI Apollo Commercial Real Estate Finance Inc 3.17
NYMT New York Mortgage Trust Inc 3.11
GNL Global Net Lease Inc 3.03
KRG Kite Realty Group Trust 3.02
IVR Invesco Mortgage Capital Inc 2.96
LXP Lexington Realty Trust 2.94

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/24/2018 09/25/2018 09/28/2018 0.08152 0.08152 - - -
08/20/2018 08/21/2018 08/31/2018 0.08250 0.08250 - - -
07/23/2018 07/24/2018 07/31/2018 0.08000 0.08000 - - -
06/18/2018 06/19/2018 06/29/2018 0.08022 0.08022 - - -
05/21/2018 05/22/2018 05/31/2018 0.08012 0.08012 - - -
04/23/2018 04/24/2018 04/30/2018 0.11703 0.11703 - - -
03/19/2018 03/20/2018 03/29/2018 0.13146 0.13146 - - -
02/20/2018 02/21/2018 02/28/2018 0.13555 0.13555 - - -
01/22/2018 01/23/2018 01/31/2018 0.12099 0.12099 - - -
12/18/2017 12/19/2017 12/29/2017 0.10905 0.10905 - - -
11/20/2017 11/21/2017 11/30/2017 0.09355 0.09355 - - -
10/23/2017 10/24/2017 10/31/2017 0.09157 0.09157 - - -
09/18/2017 09/19/2017 09/29/2017 0.09229 0.09229 - - -
08/15/2017 08/17/2017 08/31/2017 0.09495 0.09495 - - -
07/14/2017 07/18/2017 07/31/2017 0.07771 0.07771 - - -
06/15/2017 06/19/2017 06/30/2017 0.07765 0.07765 - - -
05/15/2017 05/17/2017 05/31/2017 0.07706 0.07706 - - -
04/13/2017 04/18/2017 04/28/2017 0.08000 0.08000 - - -
03/15/2017 03/17/2017 03/31/2017 0.08000 0.08000 - - -
02/15/2017 02/17/2017 02/28/2017 0.08000 0.08000 - - -
01/13/2017 01/18/2017 01/31/2017 0.08000 0.08000 - - -
12/15/2016 12/19/2016 12/30/2016 0.10492 0.10492 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 47 2 0 0 0 0
06/30/2018 64 29 0 0 0 0 0
03/31/2018 61 28 0 0 0 0 0
12/31/2017 63 29 0 0 0 0 0
Year Ended 2017 251 123 6 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 14 0 0 0 0 0
06/30/2018 64 35 0 0 0 0 0
03/31/2018 61 32 1 0 0 0 0
12/31/2017 63 32 2 0 0 0 0
Year Ended 2017 251 119 2 1 0 0 0

Fund Inception: 12/01/2016

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends.

Stocks of small-capitalization companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale than large companies.

Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

There is no assurance that such ETFs will provide low volatility.

The Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco Capital Management LLC. The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

as of 10/22/2018
3:39 PM EST

XSHD
Intraday Stats

  • Last Trade $24.56
  • Current IIV $24.48
  • Change -$0.03
  • % Change -0.12%
as of 10/19/2018
  • NAV at market close $24.65

as of 10/19/2018

Fund Yield

  • SEC 30 Day Yield 5.60%
  • Distribution Rate 3.97%
  • 12 Month Distribution Rate 4.88%
  • 30-Day SEC Unsubsidized Yield
    as of 10/19/2018
    5.60%
as of 10/19/2018

Prior Close

  • Closing Price $24.59
  • Bid/Ask Midpoint $24.65
  • Bid/Ask Prem/Disc -
  • Bid/Ask Prem/Disc -

Fund Details

  • Fund Ticker XSHD
  • CUSIP # 46138E131
  • ISIN US46138E1313
  • Intraday NAV XSHDIV
  • Index Ticker SPC6LHUT
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.30%
  • Total Expense Ratio 0.30%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange Cboe BZX Exchange, Inc.
  • Inception Date 12/01/2016
  • # of Holdings 60
    as of 10/19/2018
as of 10/22/2018

Quick Facts

  • Previous Close $24.59
  • Open $24.59
  • Today's High $24.59
  • Today's Low $24.55
  • Today's Volume 1,026
  • 11,812 30-Day Avg Trading
    Volume
  • 52 Week High $27.31
  • 52 Week Low $23.12
  • Shares Outstanding .40MM
  • Market Value $9.9MM