ETF Spotlight on PowerShares S&P 500 Low Volatility (NYSEArca: SPLV), part of an ongoing series.
Assets: $235.5 million.
Objective: The PowerShares S&P 500 Low Volatility Portfolio fund tries to reflect the performance of the S&P 500 Low Volatility Index, which consists of the 100 stocks from the S&P 500 that exhibit the lowest volatility over the last 12 months.
Holdings: Top holdings include: Southern Co. (NYSE: SO) 1.52%, Consolidated Edison Inc (NYSE: ED) 1.39%, Duke Energy Corp. (NYSE: DUK) 1.32%, Progress Energy Inc. (NYSE: PGN) 1.31% and Procter & Gamble Co. (NYSE: PG) 1.30%.
What You Should Know:
- Invesco PowerShares is the provider of SPLV. [ETF Chart of the Day: Low Volatility]
- SPLV has an expense ratio of 0.25%.
- The ETF has outperformed the S&P 500 recently.
- The fund has gained 2.89% over the last week, but it was down 0.7% over the past month and down 3.46% over the last three months.
- In comparison, the S&P 500 was down 5.91% over the last month and down 8.40% over the past three months.
- Market-cap and style allocations include: Large-Cap Growth 18.33%, Large-Cap Value 47.76%, Mid-Cap Growth 8.62%, Mid-Cap Value 24.35% and Small-Cap Value 0.94%.
- Sector allocations include: consumer discretionary 5.56%, consumer staples 22.67%, energy 2.48%, financials 9.82%, health care 8.79%, industrials 6.44%, info tech 3.58%, materials 4.16%, telecom services 3.74% and utilities 32.75%.
- “This ETF can be considered as an alternative to a dividend or value fund,” commented Michael Rawson, analyst at Morningstar.
The Latest News:
- In line with the low-volatility methodology the fund tracks, large allocations are reserved for stable sectors, such as consumer staples and utilities, along with large- and mid-cap value stocks.
- According to ETF Channel, SPLV has experienced $45.9 million in inflows week-over-week.
For past stories in this series, visit our ETF Spotlight category.
PowerShares S&P 500 Low Volatility
Max Chen contributed to this article.