The issuer of the XSHQ ETF, In accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (the “Index Provider”), compiles, maintains, and calculates the Underlying Index. This index is designed to measure the performance of approximately 120 securities in the S&P SmallCap 600® Index that are of the highest quality, as determined by the Index Provider. The Underlying Index selects constituents from the S&P SmallCap 600® Index, which reflects the small-capitalization segment of the U.S. equity market. Each security in the S&P SmallCap 600® Index receives a “quality score” based on various fundamental measures of a company.
The XSHQ Dividend reflects the dividend distribution policies of the XSHQ ETF (Exchange SmallCap High Quality ETF). This ETF primarily invests at least 90% of its assets in securities that make up the Underlying Index, which is designed to measure the performance of approximately 120 high-quality small-cap companies in the S&P SmallCap 600® Index. The Underlying Index selects constituents based on quality scores determined by factors like return on equity, accruals ratio, and financial leverage ratio. While dividend income may not be the primary focus of this ETF, investors can expect distributions influenced by the individual dividend policies and performances of the underlying companies, typically on a quarterly basis. It's important to note that XSHQ emphasizes quality and may appeal to those seeking growth potential along with some level of dividend returns.
Tracking the S&P SmallCap 600® Index is the primary objective of the XSHQ ETF. This fund is designed to closely replicate the performance of approximately 120 high-quality securities within the S&P SmallCap 600® Index. To determine the constituents of the Underlying Index, the Index Provider evaluates each company's quality based on three fundamental measures: return on equity, accruals ratio, and financial leverage ratio. XSHQ then invests in all of the securities comprising the Underlying Index in proportion to their weightings, employing a full replication methodology. As of October 31, 2022, the Underlying Index included 118 securities with market capitalizations ranging from $297.32 million to $5.43 billion. While XSHQ is diversified under the Investment Company Act of 1940, it may become non-diversified due to changes in market capitalization or index weighting, potentially affecting its diversification status. The fund's concentration policy ensures that it only invests more than 25% of its net assets in securities of issuers within an industry or group of industries if the Underlying Index reflects a similar concentration. As of August 31, 2022, XSHQ had significant exposure to the financials sector, but its portfolio holdings and concentrations are subject to change over time.
The correlation aspect of the Invesco S&P SmallCap Quality ETF (XSHQ) is crucial in understanding its performance in relation to the S&P SmallCap 600® Index. XSHQ aims to closely track this index, which comprises around 120 high-quality securities from the small-cap segment of the U.S. equity market. Given its focus on quality, XSHQ generally exhibits a strong positive correlation with the performance of high-quality small-cap stocks within the S&P SmallCap 600® Index. This correlation makes XSHQ a valuable tool for investors seeking exposure to small-cap stocks with strong fundamentals and quality metrics.
The XSHQ ETF, also known as the Quality SmallCap Sector ETF, primarily focuses on the small-cap segment of the U.S. equity market. Approximately 90% of its total assets are invested in securities that comprise the Underlying Index. The Underlying Index is designed to measure the performance of around 120 securities in the S&P SmallCap 600® Index that exhibit the highest quality based on three fundamental measures: return on equity, accruals ratio, and financial leverage ratio. The ETF employs a full replication methodology to track the Underlying Index, meaning it generally invests in all the securities in proportion to their weightings in the index. As of the most recent data available, the Underlying Index was comprised of 118 securities, with significant exposure to the financials sector, reflecting a concentration in that industry. The ETF's concentration policy limits investments in any one industry or group of industries to the extent that the Underlying Index exhibits such concentration, providing investors with exposure to high-quality small-cap stocks while maintaining diversification. Please note that the ETF's portfolio holdings and sector exposure may change over time.
The exposure profile of the Invesco S&P 500 Equal Weight Technology ETF (XSHQ) centers around the technology sector within the S&P 500. As an equal-weighted ETF, XSHQ ensures that each technology stock has an equal influence on its performance, offering a more balanced re presentation of the sector compared to market-cap-weighted alternatives. Investors looking for comprehensive exposure to diverse technology companies can utilize XSHQ as a strategic tool in their portfolios. Our tool, ETF Insider, serves as an invaluable resource for exploring and understanding the exposure dynamics of XSHQ and other US ETFs. With its user-friendly web app, ETF Insider enables users to delve into detailed and insightful data, providing a clear visualization of exposure, correlations, and overlaps. This powerful tool aids investors in making informed decisions, aligning their strategies with the specific exposures offered by different ETFs in the dynamic landscape of the U.S. equity market.
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ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
