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 10/31/2019

Factor DNATM

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 10/31/2019

Factor DNATM

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 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P SmallCap 600 Low Volatility High Dividend Index 13.93 2.73 4.21 N/A N/A 4.36
S&P SmallCap 600 Index 19.22 4.83 8.49 9.53 13.96 8.65
Fund History (%)
Fund NAV 13.51 2.38 N/A N/A N/A 4.01
After Tax Held 11.40 0.35 N/A N/A N/A 2.56
After Tax Sold 7.96 1.43 N/A N/A N/A 2.74
Fund Market Price 13.86 2.21 N/A N/A N/A 4.00
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P SmallCap 600 Low Volatility High Dividend Index 12.78 -2.91 N/A N/A N/A 4.25
S&P SmallCap 600 Index 13.46 -9.34 9.33 9.89 13.02 7.29
Fund History (%)
Fund NAV 12.41 -3.22 N/A N/A N/A 3.89
After Tax Held 10.72 -4.98 N/A N/A N/A 2.49
After Tax Sold 7.32 -1.76 N/A N/A N/A 2.70
Fund Market Price 13.09 -3.01 N/A N/A N/A 3.99

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 09/30/2019

Growth of $10,000

Data beginning Fund inception and ending 09/30/2019. 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 12/13/2019

Sector Allocation

Sector Percent of Fund
Financials 24.08%
Real Estate 20.13%
Materials 11.01%
Industrials 9.84%
Consumer Staples 8.04%
Information Technology 6.62%
Communication Services 6.19%
Utilities 6.18%
Consumer Discretionary 3.90%
Health Care 2.21%
Energy 1.82%
as of 12/12/2019

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value -
Mid-Cap Blend -
Mid-Cap Growth 0.99%
Small-Cap Value 75.60%
Small-Cap Blend 17.82%
Small-Cap Growth 5.59%

as of 12/13/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PETS PetMed Express Inc 3.90
RPT RPT Realty 3.71
KRG Kite Realty Group Trust 3.65
CDR Cedar Realty Trust Inc 3.34
GNL Global Net Lease Inc 3.28
NYMT New York Mortgage Trust Inc 3.28
WSR Whitestone REIT 3.27
PMT PennyMac Mortgage Investment Trust 3.19
IVR Invesco Mortgage Capital Inc 3.17
ARI Apollo Commercial Real Estate Finance Inc 3.16

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
11/18/2019 11/19/2019 11/29/2019 0.10821 0.10821 - - -
10/21/2019 10/22/2019 10/31/2019 0.10575 0.10575 - - -
09/23/2019 09/24/2019 09/30/2019 0.08839 0.08839 - - -
08/19/2019 08/20/2019 08/30/2019 0.08693 0.08693 - - -
07/22/2019 07/23/2019 07/31/2019 0.08700 0.08700 - - -
06/24/2019 06/25/2019 06/28/2019 0.08714 0.08714 - - -
05/20/2019 05/21/2019 05/31/2019 0.09610 0.09610 - - -
04/22/2019 04/23/2019 04/30/2019 0.10550 0.10550 - - -
03/18/2019 03/19/2019 03/29/2019 0.10061 0.10061 - - -
02/19/2019 02/20/2019 02/28/2019 0.11750 - - - -
01/22/2019 01/23/2019 01/31/2019 0.11518 0.11518 - - -
12/24/2018 12/26/2018 12/31/2018 0.10800 0.10800 - - -
11/19/2018 11/20/2018 11/30/2018 0.09973 0.09973 - - -
10/22/2018 10/23/2018 10/31/2018 0.09500 0.09500 - - -
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%
09/30/2019 64 30 9 0 0 0 0
03/31/2019 61 24 4 0 0 0 0
12/31/2018 63 33 0 0 0 0 0
09/30/2018 63 47 2 0 0 0 0
Year Ended 2018 251 137 2 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%
09/30/2019 64 21 4 0 0 0 0
03/31/2019 61 29 4 0 0 0 0
12/31/2018 63 26 4 0 0 0 0
09/30/2018 63 14 0 0 0 0 0
Year Ended 2018 251 107 5 0 0 0 0

Fund Inception : 12/01/2016

 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 sector, such as financials, 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.

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 12/13/2019
4:15 PM EST

XSHD
Intraday Stats

  • Last Trade $24.11
  • Current IIV $24.12
  • Change -$0.11
  • % Change -0.46%
as of 12/13/2019
  • NAV at market close $24.12
as of 12/13/2019

Fund Yield

  • SEC 30 Day Yield 6.05%
  • Distribution Rate 5.38%
  • 12 Month Distribution Rate 5.00%
  • 30-Day SEC Unsubsidized Yield
    as of 12/13/2019
    6.01%
as of 12/13/2019

Prior Close

  • Closing Price $24.22
  • Bid/Ask Midpoint $24.13
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.04%

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 58
    as of 12/13/2019
as of 12/13/2019

Quick Facts

  • Previous Close $24.22
  • Open $24.29
  • Today's High $24.29
  • Today's Low $24.01
  • Today's Volume 3,041
  • 4,886 30-Day Avg Trading
    Volume
  • 52 Week High $25.44
  • 52 Week Low $21.17
  • Shares Outstanding 1.15MM
  • Market Value $27.7MM