Individual Investor

SPLV

Equity | US Equity

Invesco S&P 500® Low Volatility ETF

Product Details

The Invesco S&P 500® Low Volatility ETF (Fund) is based on the S&P 500® Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 securities from the S&P 500® Index with the lowest realized 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 quarterly in February, May, August and November.

as of 12/31/2020

Factor DNA™

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 DNA 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. Size — Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 12/31/2020

Factor DNA™

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 DNA™ 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. Size — Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 12/31/2020 12/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Low Volatility Index -1.11 -1.11 8.34 10.51 N/A 11.86
S&P 500 Index 18.40 18.40 14.18 15.22 13.88 13.64
Fund History (%)
Fund NAV -1.37 -1.37 8.06 10.22 N/A 11.56
After Tax Held -2.28 -2.28 7.33 9.55 N/A 10.92
After Tax Sold -0.85 -0.85 6.03 7.92 N/A 9.41
Fund Market Price -1.20 -1.20 8.01 10.19 N/A 11.57
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P 500 Low Volatility Index -1.11 -1.11 8.34 10.51 N/A 11.86
S&P 500 Index 18.40 18.40 14.18 15.22 13.88 13.64
Fund History (%)
Fund NAV -1.37 -1.37 8.06 10.22 N/A 11.56
After Tax Held -2.28 -2.28 7.33 9.55 N/A 10.92
After Tax Sold -0.85 -0.85 6.03 7.92 N/A 9.41
Fund Market Price -1.20 -1.20 8.01 10.19 N/A 11.57

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 09/30/2020

Growth of $10,000

Data beginning Fund inception and ending 09/30/2020. 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 01/15/2021

Sector Allocation

Sector Percent of Fund
Health Care 26.16%
Consumer Staples 24.54%
Industrials 13.48%
Communication Services 7.54%
Consumer Discretionary 7.23%
Financials 6.81%
Information Technology 5.84%
Utilities 3.99%
Real Estate 2.61%
Materials 1.76%
Investment Companies 0.07%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 17.57%
Large-Cap Blend 33.78%
Large-Cap Growth 7.62%
Mid-Cap Value 6.15%
Mid-Cap Blend 29.26%
Mid-Cap Growth 5.62%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 01/15/2021 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
VZ Verizon Communications Inc 1.35
BMY Bristol-Myers Squibb Co 1.31
JNJ Johnson & Johnson 1.27
CERN Cerner Corp 1.20
COST Costco Wholesale Corp 1.20
LLY Eli Lilly and Co 1.18
ABBV AbbVie Inc 1.17
EA Electronic Arts Inc 1.17
MRK Merck & Co Inc 1.16
EXPD Expeditors International of Washington Inc 1.15
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
01/19/2021 01/20/2021 01/29/2021 0.07747 0.07747 - - - -
12/21/2020 12/22/2020 12/31/2020 0.07476 0.07476 - - - -
11/23/2020 11/24/2020 11/30/2020 0.07301 0.07301 - - - -
10/19/2020 10/20/2020 10/30/2020 0.07181 0.07181 - - - -
09/21/2020 09/22/2020 09/30/2020 0.07378 0.07378 - - - -
08/24/2020 08/25/2020 08/31/2020 0.10356 0.10356 - - - -
07/20/2020 07/21/2020 07/31/2020 0.10512 0.10512 - - - -
06/22/2020 06/23/2020 06/30/2020 0.10657 0.10657 - - - -
05/18/2020 05/19/2020 05/29/2020 0.11735 0.11735 - - - -
04/20/2020 04/21/2020 04/30/2020 0.11849 0.11849 - - - -
03/23/2020 03/24/2020 03/31/2020 0.11681 0.11681 - - - -
02/24/2020 02/25/2020 02/28/2020 0.11802 0.11802 - - - -
01/21/2020 01/22/2020 01/31/2020 0.11483 0.11483 - - - -
12/23/2019 12/24/2019 12/31/2019 0.11131 0.11131 - - - -
11/18/2019 11/19/2019 11/29/2019 0.10700 0.10700 - - - -
10/21/2019 10/22/2019 10/31/2019 0.10400 0.10400 - - - -
09/23/2019 09/24/2019 09/30/2019 0.10178 0.10178 - - - -
08/19/2019 08/20/2019 08/30/2019 0.10258 0.10258 - - - -
07/22/2019 07/23/2019 07/31/2019 0.10134 0.10134 - - - -
06/24/2019 06/25/2019 06/28/2019 0.10042 0.10042 - - - -
05/20/2019 05/21/2019 05/31/2019 0.09968 0.09968 - - - -
04/22/2019 04/23/2019 04/30/2019 0.09850 0.09850 - - - -
03/18/2019 03/19/2019 03/29/2019 0.09780 0.09780 - - - -
02/19/2019 02/20/2019 02/28/2019 0.09570 - - - - -
01/22/2019 01/23/2019 01/31/2019 0.09267 0.09267 - - - -
12/24/2018 12/26/2018 12/31/2018 0.09128 0.09128 - - - -
11/19/2018 11/20/2018 11/30/2018 0.08732 0.08732 - - - -
10/22/2018 10/23/2018 10/31/2018 0.08741 0.08741 - - - -
09/24/2018 09/25/2018 09/28/2018 0.08248 0.08248 - - - -
08/20/2018 08/21/2018 08/31/2018 0.08698 0.08698 - - - -
07/23/2018 07/24/2018 07/31/2018 0.08805 0.08805 - - - -
06/18/2018 06/19/2018 06/29/2018 0.08843 0.08843 - - - -
05/21/2018 05/22/2018 05/31/2018 0.08337 0.08337 - - - -
04/23/2018 04/24/2018 04/30/2018 0.08384 0.08384 - - - -
03/19/2018 03/20/2018 03/29/2018 0.08643 0.08643 - - - -
02/20/2018 02/21/2018 02/28/2018 0.07682 0.07682 - - - -
01/22/2018 01/23/2018 01/31/2018 0.07426 0.07426 - - - -
12/18/2017 12/19/2017 12/29/2017 0.07500 0.07500 - - - -
11/20/2017 11/21/2017 11/30/2017 0.08400 0.08400 - - - -
10/23/2017 10/24/2017 10/31/2017 0.08400 0.08400 - - - -
09/18/2017 09/19/2017 09/29/2017 0.08400 0.08400 - - - -
08/15/2017 08/17/2017 08/31/2017 0.08400 0.08400 - - - -
07/14/2017 07/18/2017 07/31/2017 0.08250 0.08250 - - - -
06/15/2017 06/19/2017 06/30/2017 0.08250 0.08250 - - - -
05/15/2017 05/17/2017 05/31/2017 0.08250 0.08250 - - - -
04/13/2017 04/18/2017 04/28/2017 0.08000 0.08000 - - - -
03/15/2017 03/17/2017 03/31/2017 0.07750 0.07750 - - - -
02/15/2017 02/17/2017 02/28/2017 0.07750 0.07750 - - - -
01/13/2017 01/18/2017 01/31/2017 0.07500 0.07500 - - - -
12/15/2016 12/19/2016 12/30/2016 0.07200 0.07200 - - - -
11/15/2016 11/17/2016 11/30/2016 0.07200 0.07200 - - - -
10/14/2016 10/18/2016 10/31/2016 0.06615 0.06615 - - - -
09/15/2016 09/19/2016 09/30/2016 0.06500 0.06500 - - - -
08/15/2016 08/17/2016 08/31/2016 0.06500 0.06500 - - - -
07/15/2016 07/19/2016 07/29/2016 0.06600 0.06600 - - - -
06/15/2016 06/17/2016 06/30/2016 0.08350 0.08350 - - - -
05/13/2016 05/17/2016 05/31/2016 0.07125 0.07125 - - - -
04/15/2016 04/19/2016 04/29/2016 0.06912 0.06912 - - - -
03/15/2016 03/17/2016 03/31/2016 0.07166 0.07166 - - - -
02/12/2016 02/17/2016 02/29/2016 0.07069 0.07069 - - - -
01/15/2016 01/20/2016 01/29/2016 0.07115 0.07115 - - - -
12/15/2015 12/17/2015 12/31/2015 0.06837 0.06837 - - - -
11/13/2015 11/17/2015 11/30/2015 0.06741 0.06741 - - - -
10/15/2015 10/19/2015 10/30/2015 0.07074 0.07074 - - - -
09/15/2015 09/17/2015 09/30/2015 0.06841 0.06841 - - - -
08/14/2015 08/18/2015 08/31/2015 0.07300 0.07300 - - - -
07/15/2015 07/17/2015 07/31/2015 0.07072 0.07072 - - - -
06/15/2015 06/17/2015 06/30/2015 0.07061 0.07061 - - - -
05/15/2015 05/19/2015 05/29/2015 0.07936 0.07936 - - - -
04/15/2015 04/17/2015 04/30/2015 0.07799 0.07799 - - - -
03/13/2015 03/17/2015 03/31/2015 0.07641 0.07641 - - - -
02/13/2015 02/18/2015 02/27/2015 0.08050 0.08050 - - - -
01/15/2015 01/20/2015 01/30/2015 0.07542 0.07542 - - - -
12/15/2014 12/17/2014 12/31/2014 0.07434 0.07434 - - - -
11/14/2014 11/18/2014 11/28/2014 0.07544 0.07544 - - - -
10/15/2014 10/17/2014 10/31/2014 0.06536 0.06536 - - - -
09/15/2014 09/17/2014 09/30/2014 0.06499 0.06499 - - - -
08/15/2014 08/19/2014 08/29/2014 0.07087 0.07087 - - - -
07/15/2014 07/17/2014 07/31/2014 0.06889 0.06889 - - - -
06/13/2014 06/17/2014 06/30/2014 0.06902 0.06902 - - - -
05/15/2014 05/19/2014 05/30/2014 0.06962 0.06962 - - - -
04/15/2014 04/17/2014 04/30/2014 0.06925 0.06925 - - - -
03/14/2014 03/18/2014 03/31/2014 0.06960 0.06960 - - - -
02/14/2014 02/19/2014 02/28/2014 0.07150 0.07150 - - - -
01/15/2014 01/17/2014 01/31/2014 0.06794 0.06794 - - - -
12/13/2013 12/17/2013 12/31/2013 0.06818 0.06818 - - - -
11/15/2013 11/19/2013 11/29/2013 0.07109 0.07109 - - - -
10/15/2013 10/17/2013 10/31/2013 0.07640 0.07640 - - - -
09/13/2013 09/17/2013 09/30/2013 0.07512 0.07512 - - - -
08/15/2013 08/19/2013 08/30/2013 0.07163 0.07163 - - - -
07/15/2013 07/17/2013 07/31/2013 0.07322 0.07322 - - - -
06/14/2013 06/18/2013 06/28/2013 0.07277 0.07277 - - - -
05/15/2013 05/17/2013 05/31/2013 0.07111 0.07111 - - - -
04/15/2013 04/17/2013 04/30/2013 0.07099 0.07099 - - - -
03/15/2013 03/19/2013 03/28/2013 0.07072 0.07072 - - - -
02/15/2013 02/20/2013 02/28/2013 0.06844 0.06844 - - - -
01/15/2013 01/17/2013 01/31/2013 0.07275 0.07275 - - - -
12/14/2012 12/18/2012 12/31/2012 0.10571 0.10571 - - - -
11/15/2012 11/19/2012 11/30/2012 0.07160 0.07160 - - - -
10/15/2012 10/17/2012 10/31/2012 0.06195 0.06195 - - - -
09/14/2012 09/18/2012 09/28/2012 0.06133 0.06133 - - - -
08/15/2012 08/17/2012 08/31/2012 0.06868 0.06868 - - - -
07/13/2012 07/17/2012 07/31/2012 0.06813 0.06813 - - - -
06/15/2012 06/19/2012 06/29/2012 0.06474 0.06474 - - - -
05/15/2012 05/17/2012 05/31/2012 0.06291 0.06291 - - - -
04/13/2012 04/17/2012 04/30/2012 0.06372 0.06372 - - - -
03/15/2012 03/19/2012 03/30/2012 0.06900 0.06900 - - - -
02/15/2012 02/17/2012 02/29/2012 0.06760 0.06760 - - - -
01/13/2012 01/18/2012 01/31/2012 0.06689 0.06689 - - - -
12/15/2011 12/19/2011 12/30/2011 0.08336 0.08336 - - - -
11/15/2011 11/17/2011 11/30/2011 0.07121 0.07121 - - - -
10/14/2011 10/18/2011 10/31/2011 0.06828 0.06828 - - - -
09/15/2011 09/19/2011 09/30/2011 0.06984 0.06984 - - - -
08/15/2011 08/17/2011 08/31/2011 0.06413 0.06413 - - - -
07/15/2011 07/19/2011 07/29/2011 0.10699 0.10699 - - - -
06/15/2011 06/17/2011 06/30/2011 0.08250 0.08250 - - - -

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%
12/31/2020 64 28 3 0 0 0 0
09/30/2020 64 30 1 0 0 0 0
06/30/2020 63 27 6 0 0 0 0
03/31/2020 62 21 2 0 0 0 0
Year Ended 2020 253 106 12 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%
12/31/2020 64 31 2 0 0 0 0
09/30/2020 64 32 1 0 0 0 0
06/30/2020 63 24 6 0 0 0 0
03/31/2020 62 35 4 0 0 0 0
Year Ended 2020 253 122 13 0 0 0 0

Fund Inception : 05/05/2011

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.

Premiums/Discounts

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

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

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.

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.

There is no assurance that the Fund will provide low volatility.

The Fund may become “non-diversified”, as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

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).

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.