SPHQ Invesco S&P 500 Quality ETF
What is SPHQ?
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 three quality metrics: ROE (TTM EPS/book value) that measures profitability, lower accruals (change in net operating assets scaled by average of NOA over past 2 years) that could signal higher earnings quality, and financial leverage (debt/book value of equity) which is a measure of risk and earning stability. These metrics are equally weighted to produce a quality score. SPHQ takes only the top quintile and scale them based on the quality score. Single sector exposure is capped at 40%. 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. The index is rebalanced semi-annually.
SPHQ Summary Data
SPHQ Portfolio Data
SPHQ Index Data
SPHQ Portfolio Management
SPHQ Tax Exposures
SPHQ Fund Structure
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 Sector/Industry Breakdown
SPHQ Top 10 Holdings
SPHQ Performance Statistics
SPHQ Economic Development
SPHQ Benchmark Comparison Summary
SPHQ Benchmark Comparison Market Cap Size