# Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLG)

**Page:** https://fundology.uk/fund/hdlg · ISIN IE00BWTN6Y99

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, HDLG (Invesco S&P 500 High Dividend Low Volatility UCITS ETF, ISIN IE00BWTN6Y99) closed at £30.17 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +44.6%, or +12.9% after UK CPIH inflation.

## Summary

Invesco S&P 500 High Dividend Low Volatility UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2015. It tracks the S&P 500 Low Volatility High Dividend Index — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£30.17** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HDLG |
| ISIN | IE00BWTN6Y99 |
| Also listed as | HDLV (London Stock Exchange, US dollars) |
| Category | Dividend & income |
| Type | ETF |
| Provider | Invesco |
| Tracks | S&P 500 Low Volatility High Dividend Index |
| Income | Distributing |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £290m |
| Launched | 2015 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/05/2015 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +12.77% | +8.77% | income reinvested |
| 3 years | +40.24% | +26.70% | income reinvested |
| 5 years | +44.63% | +12.89% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco S&P 500 High Dividend Low Volatility UCITS ETF in pounds (price only, income paid out not included): 2022 +8.6%, 2023 −8.4%, 2024 +16.2%, 2025 −9.3%; 2026 to 13/11/2026 +13.4%. Returns of Invesco S&P 500 High Dividend Low Volatility UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.5%; to 30/09/2025: −3.1%; to 30/09/2024: +16.6%; to 30/09/2023: −9.5%; to 30/09/2022: +13.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +8.6% | -0.6% | Price |
| 2023 | -8.4% | -12.1% | Price |
| 2024 | +16.2% | +12.2% | Price |
| 2025 | -9.3% | -12.4% | Price |
| 2026 to 13/11/2026 | +13.4% | +9.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.45% | -10.13% |
| 3 years | 11.92% | -16.56% |
| 5 years | 13.39% | -21.79% |

## Largest fall

Volatility of Invesco S&P 500 High Dividend Low Volatility UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 12.5% over 1 year, 11.9% over 3 years, 13.4% over 5 years. Largest fall in the price of Invesco S&P 500 High Dividend Low Volatility UCITS ETF since November 2021, in pounds: −21.8% from 19/08/2022 to 06/10/2023. The lowest 12-month return of Invesco S&P 500 High Dividend Low Volatility UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −18.3% (12 months to 18/08/2023); the highest was +28.6% (12 months to 22/11/2024). On 13/11/2026 the price of Invesco S&P 500 High Dividend Low Volatility UCITS ETF was 2.3% below its highest weekly close since November 2021 (22/11/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco S&P 500 High Dividend Low Volatility UCITS ETF 0.30% a year. Compared on 14/11/2026, 78 of the 109 other dividend and income funds charge more, 10 the same and 21 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 12/11/2026, HDLG holds 50 positions, according to its published holdings. The largest is Pfizer at 3.57% of the fund; the ten largest make up 28.6%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Pfizer | [PFE](https://fundology.uk/stock/PFE) | 3.57% |
| 2 | Verizon Communications | [VZ](https://fundology.uk/stock/VZ) | 3.15% |
| 3 | Crown Castle | [CCI](https://fundology.uk/stock/CCI) | 2.94% |
| 4 | Altria Group | [MO](https://fundology.uk/stock/MO) | 2.89% |
| 5 | Kraft Heinz | [KHC](https://fundology.uk/stock/KHC) | 2.86% |
| 6 | VICI Properties | [VICI](https://fundology.uk/stock/VICI) | 2.83% |
| 7 | General Mills | [GIS](https://fundology.uk/stock/GIS) | 2.76% |
| 8 | Clorox | [CLX](https://fundology.uk/stock/CLX) | 2.69% |
| 9 | Comcast · Class A | [CMCSA](https://fundology.uk/stock/CMCSA) | 2.57% |
| 10 | Prudential Financial | [PRU](https://fundology.uk/stock/PRU) | 2.38% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 12/11/2026.

| Sector | Weight |
|---|---|
| Real Estate | 20.0% |
| Consumer Staples | 19.1% |
| Utilities | 14.2% |
| Financials | 12.5% |
| Energy | 10.5% |
| Communication Services | 8.1% |
| Health Care | 7.7% |
| Industrials | 4.0% |
| Other sectors | 3.8% |

### By country

Added up from the fund’s published holdings, as of 12/11/2026.

| Country | Weight |
|---|---|
| United States | 97.8% |
| Ireland | 2.0% |
| Not classified | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 12/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 50 holdings: https://fundology.uk/fund/hdlg/holdings

## Questions people ask

**What is the ongoing charge of HDLG?**

The ongoing charge of HDLG is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco S&P 500 High Dividend Low Volatility UCITS ETF 0.30% a year. Compared on 14/11/2026, 78 of the 109 other dividend and income funds charge more, 10 the same and 21 less (share classes counted once).

**What does HDLG track?**

HDLG tracks the S&P 500 Low Volatility High Dividend Index — about 500 of the largest companies listed in the US.

**Is HDLG accumulating or distributing?**

HDLG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of HDLG?**

The ISIN of HDLG is IE00BWTN6Y99. An ISIN identifies one exact share class of a fund; HDLG is its ticker on the London Stock Exchange. The same share class is also listed as HDLV (London Stock Exchange, US dollars).

**What does HDLG hold?**

As of 12/11/2026, HDLG holds 50 positions, according to its published holdings. The largest is Pfizer at 3.57% of the fund; the ten largest make up 28.6%. Its ten largest holdings are Pfizer (3.57%), Verizon Communications (3.15%), Crown Castle (2.94%), Altria Group (2.89%), Kraft Heinz (2.86%), VICI Properties (2.83%), General Mills (2.76%), Clorox (2.69%), Comcast · Class A (2.57%) and Prudential Financial (2.38%).

**What were HDLG’s returns in each of the last five years?**

Calendar-year returns of HDLG in pounds (price only, income paid out not included): 2022 +8.6%, 2023 −8.4%, 2024 +16.2%, 2025 −9.3%; 2026 to 13/11/2026 +13.4%. Past performance is not a guide to future returns.

**How has HDLG done after inflation?**

Over the five years to 13/11/2026 HDLG’s total return was +44.6%, or +12.9% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.