SPGP: INVESCO S&P 500 GARP ETF
What this ETF is trying to do
The INVESCO S&P 500 GARP ETF (ticker: SPGP) is an exchange-traded fund designed to follow a specific investment strategy. While the full details of its strategy are not listed, it focuses on companies within the S&P 500. The fund holds a total of 77 different holdings.
What the numbers show
The current price of SPGP is $122.34. To understand how the fund has performed, we can look at both price returns and total returns.
• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 7.45%. Over the last year, the price return was approximately 10.25%. Looking further back, the three-year price return was approximately 33.59%.
• Total Return: This includes both the share price changes and the money paid out through distributions. The YTD total return is approximately 8.14%, and the one-year total return was approximately 11.17%. Over three years, the total return was approximately 38.44%.
An estimated price from roughly one year ago was $110.97.
Income and distribution explanation
This ETF provides some income through cash distributions. The distribution yield is approximately 0.78%. This means the amount of cash paid out is about 0.78% of the ETF's price. The fund usually pays these distributions quarterly, and it has made 4 payments in the last 12 months.
It is important to remember that a distribution yield tells you how much cash was paid out, but it is not the same as your total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, looking at price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The following are the top holdings in the fund (note that this is a partial list):
• NVIDIA CORP (2.66%)
• ARISTA NETWORKS INC (2.47%)
• PROGRESSIVE CORP (2.06%)
• META PLATFORMS INC CLASS A (2.03%)
• CINCINNATI FINANCIAL CORP (2.01%)
• COMFORT SYSTEMS USA INC (2.00%)
• ELI LILLY AND CO (1.97%)
• ARCH CAPITAL GROUP LTD (1.92%)
• NEWMONT CORP (1.90%)
• ROYAL CARIBBEAN GROUP (1.88%)
Please keep in mind that holdings can change over time.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk measurements suggest no significant price erosion has been detected.
Cons
• The distribution yield is relatively low (0.78%) compared to funds that focus strictly on high income.
Beginner takeaway
SPGP is an ETF that has seen growth in both its share price and its total return over the last few years. While it does pay a quarterly distribution, the yield is modest. The data shows no signs of significant price erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 2.66% |
| 2 | ARISTA NETWORKS INC | ANET | 2.47% |
| 3 | PROGRESSIVE CORP | PGR | 2.06% |
| 4 | META PLATFORMS INC CLASS A | META | 2.03% |
| 5 | CINCINNATI FINANCIAL CORP | CINF | 2.01% |
| 6 | COMFORT SYSTEMS USA INC | FIX | 2.00% |
| 7 | ELI LILLY AND CO | LLY | 1.97% |
| 8 | ARCH CAPITAL GROUP LTD | ACGL | 1.92% |
| 9 | NEWMONT CORP | NEM | 1.90% |
| 10 | ROYAL CARIBBEAN GROUP | RCL | 1.88% |