Invesco S&P 500 High Dividend Low Volatility ETF

SPHD

Market cap $3.42B

Not every retiree is going to need a 10% yield, and for those who are approaching or living in retirement, what matters most is a monthly check that shows up reliably every month.

For income investors who flinch at portfolio drawdowns, the Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) has long been a go-to vehicle.

Monthly income is having a moment. Retirees and active income investors are pulling cash from money-market funds yielding less than before, and the ETF industry has responded with options-based and high-dividend products that pay every 30 days instead of every 90.

Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is a smart beta exchange traded fund launched on 10/18/2012.

Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is a passively managed exchange traded fund launched on October 18, 2012.

A 65 year old retiree sitting on $750,000 inside a Roth IRA can engineer roughly $42,000 of annual dividend income that escapes federal tax entirely.

Conservative tier (3% to 4%). Broad dividend-growth funds and large-cap dividend payers sit here.

The Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD | SPHD Price Prediction) sells the most appealing pitch in income investing: take the highest yielders in the S&P 500, filter for the calmest fifty, collect monthly checks.

High-dividend-yield ETFs can help produce the income necessary for long retirements. These three ETFs offer 4%+ yields and focus on large, durable companies positioned to continue these payments for years.

The Vanguard High Dividend Yield ETF (NYSEARCA:VYM | VYM Price Prediction) addresses a specific retirement problem: drawing income from stocks without concentrating the outcome in any one company.