SPHQ
Invesco S&P 500 Quality ETFSPHQ Fund Description
SPHQ tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.
SPHQ Factset Analytics Insight
SPHQ aims to provide exposure to S&P 500 firms with sound fundamentals. To get there, the fund focuses on 3 quality metrics: ROE (TTM EPS/book value) measures profitability; lower accruals (change in net operating assets scaled by average of NOA over past 2 years) could signal higher earnings quality; and financial leverage (debt/book value of equity) is a measure of risk and earning stability. These metrics are equally weighted to produce a quality score; SPHQ takes the top quintile only. Each stock’s cap-weighting is scaled by the quality score.We see potential for significant active risk/reward relative to the market based on this process and loose sector constraints (single-sector exposure is capped at 40%). SPHQ charges a reasonable fee.Note: The fund switched to its current index on March 21, 2016. Prior to that it tracked an S&P quality index that used different metrics but pulled from the same S&P 500 universe.
SPHQ MSCI ESG Analytics Insight
Invesco S&P 500 Quality ETF has an MSCI ESG Fund Rating of A based on a score of 6.39 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P 500 Quality ETF ranks in the 76th percentile within its peer group and in the 93th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SPHQ MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SPHQ Charts And Performance
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SPHQ Portfolio Data
SPHQ Index Data
SPHQ Portfolio Management
SPHQ Tax Exposures
SPHQ Fund Structure
SPHQ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPHQ. SPHQ is rated a 5 out of 5.
SPHQ Tradability
SPHQ Sector/Industry Breakdown
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SPHQ Top 10 Holdings[View All]
SPHQ Countries
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SPHQ Regions
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SPHQ Economic Development
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SPHQ Performance Statistics
SPHQ MSCI ESG Ratings
SPHQ Benchmark Comparison Summary
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SPHQ Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.