Invesco S&P 500 High Dividend Low Volatility ETF
Invesco Exchange-Traded Fund Trust II · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Invesco S&P 500 High Dividend Low Volatility ETF is a U.S. equity index ETF that tracks the S&P 500 Low Volatility High Dividend Index. 10% of SPHD’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
Fund profile
As filed in the prospectus · 2025 Q4
The Invesco S&P 500 High Dividend Low Volatility ETF (the Fund) seeks to track the investment results (before fees and expenses) of the S&P 500 Low Volatility High Dividend Index (the Underlying Index).
The fund tracks the S&P 500 Low Volatility High Dividend Index by holding all 50 of its constituents, which are selected from the S&P 500 as the lowest-volatility stocks among the 75 highest dividend-yielders, with no sector allowed more than 10 holdings. Holdings are weighted by trailing 12-month dividend yield. Because the fund holds all index constituents, its returns will closely track the index before fees and expenses.
| Share class | Expense ratio |
|---|---|
| SPHD | 0.30% |
Portfolio turnover 49.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.42% |
| Cash & short-term | 5.29% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Real Estate | 20.2% |
| Consumer Staples | 17.3% |
| Financials | 15.3% |
| Utilities | 13.2% |
| 7 smaller | 33.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Largest new: Invesco Government & Agency Portfolio
Exited: Coterra Energy Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Invesco Private Prime Fund | 3.68% | — | $118.79M | — |
| VZ | Verizon Communications Inc.VZ | 3.47% | $47.81 | $112.05M | 2.3M |
| MO | Altria Group, Inc.MO | 3.43% | $69.58 | $110.83M | 1.6M |
| DOC | Healthpeak Properties, Inc.DOC | 3.22% | $19.15 | $104.03M | 5.4M |
| KHC | Kraft Heinz Co. (The)KHC | 3.01% | $24.01 | $97.31M | 4.1M |
| PFE | Pfizer Inc.PFE | 2.98% | $26.18 | $96.11M | 3.7M |
| BEN | Franklin Resources, Inc.BEN | 2.80% | $31.02 | $90.49M | 2.9M |
| VICI | VICI Properties Inc.VICI | 2.66% | $28.22 | $85.89M | 3.0M |
| OKE | ONEOK, Inc.OKE | 2.65% | $83.94 | $85.39M | 1.0M |
| KIM | Kimco Realty Corp.KIM | 2.44% | $24.08 | $78.91M | 3.3M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 30.35% of net assets, top 25 62.43%, across 53 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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