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Invesco Growth Multi-Asset Allocation ETF
Active ETF
PSMG
Payout Change
Pending
Price as of:
$16.6201
+0.01
+0.06%
primary theme
N/A
PSMG (ETF)
Invesco Growth Multi-Asset Allocation ETF
Payout Change
Pending
Price as of:
$16.6201
+0.01
+0.06%
primary theme
N/A
PSMG (ETF)
Invesco Growth Multi-Asset Allocation ETF
Payout Change
Pending
Price as of:
$16.6201
+0.01
+0.06%
primary theme
N/A
Name
As of 06/23/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.3%
1 yr return
2.2%
3 Yr Avg Return
7.8%
5 Yr Avg Return
5.8%
Net Assets
$17.8 M
Holdings in Top 10
83.3%
52 WEEK LOW AND HIGH
$16.6
$15.11
$17.59
Expenses
OPERATING FEES
Expense Ratio 0.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 06/23/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PSMG - Profile
Distributions
- YTD Total Return -8.4%
- 3 Yr Annualized Total Return 11.0%
- 5 Yr Annualized Total Return 9.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.92%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco Growth Multi-Asset Allocation ETF
-
Fund Family NameInvesco
-
Inception DateFeb 21, 2017
-
Shares Outstanding1170001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPeter Hubbard
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”). The Fund is a “fund of funds,” meaning that it invests its assets primarily in other ETFs (“Underlying ETFs”), rather than in securities of individual companies. Under normal circumstances, most of those Underlying ETFs will be ETFs that are advised by the Fund’s adviser or one of its affiliates (the “Invesco ETFs”). However, at times the Fund also may invest a portion of its assets in Underlying ETFs that are advised by unaffiliated advisers. The Fund and the Invesco ETFs are part of the same group of investment companies.
The Fund seeks to achieve its investment objective by allocating its assets using a growth investment style that seeks to maximize the benefits of diversification, which focuses on investing a greater portion of the Fund’s assets in Underlying ETFs that invest primarily in equity securities (“Equity
ETFs”), but also provides some exposure to Underlying ETFs that invest primarily in fixed-income securities (“Fixed Income ETFs”). Specifically, the Fund’s target allocation is to invest approximately 65%-95% of its total assets in Equity ETFs and approximately 5%-35% of its total assets in Fixed Income ETFs. Approximately 15%-35% of the Fund’s assets will be allocated to Underlying ETFs that invest primarily in foreign equity and foreign fixed income securities, as well as American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that represent those securities. Some of those Underlying ETFs’ investments are in emerging markets.
The Fund’s sub-adviser uses the following investment process to construct the Fund’s portfolio: (1) a strategic allocation across broad asset classes (i.e., equities and fixed income securities) and particular investment factors within those classes (e.g., for fixed income securities, exposure to domestic, international, corporate, government, high-yield and investment grade bonds; for equity securities, exposure to domestic and international stocks); (2) selection of Underlying ETFs that best represent those broad asset classes and factor exposures, based on comprehensive quantitative and qualitative criteria (such as management experience and structure, investment process, performance and risk metrics); (3) determination by the Fund’s sub-adviser of target weightings in each Underlying ETF in a manner that seeks to manage the amount of active risk contributed by each Underlying ETF; and (4) ongoing monitoring of the Fund’s performance and risk. The Fund typically holds a limited number of securities (generally 10-20).
Based on the portfolio managers’ research, the strategic allocations of the Fund’s assets are diversified to gain exposure to areas of the market that the portfolio managers believe may perform well over a full market cycle and create a growth portfolio designed to provide long-term capital appreciation. At any given time, the Fund’s asset class allocations may not match the above percentage weightings due to market fluctuations, cash flows and other factors. The Fund’s sub-adviser may add or eliminate certain Underlying ETFs from the Fund’s portfolio and may also change the target percentage of the Fund’s assets allocated to a given asset class or Underlying ETF, all without shareholder approval. The current list of Underlying ETFs is available at www.invesco.com/ETFs.
PSMG - Performance
Return Ranking - Trailing
| Period | PSMG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -1.5% | 29.7% | 95.82% |
| 1 Yr | 2.2% | -13.2% | 29.2% | 65.27% |
| 3 Yr | 7.8%* | -6.3% | 13.9% | 2.76% |
| 5 Yr | 5.8%* | -8.1% | 5.8% | 0.36% |
| 10 Yr | 0.0%* | -6.7% | 6.1% | 62.04% |
* Annualized
Return Ranking - Calendar
| Period | PSMG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.4% | -37.4% | -8.2% | 2.96% |
| 2022 | 9.7% | -5.0% | 12.0% | 5.02% |
| 2021 | 3.4% | -5.7% | 7.8% | 24.73% |
| 2020 | 5.1% | -2.1% | 6.3% | 1.45% |
| 2019 | -1.1% | -6.1% | -0.8% | 0.75% |
Total Return Ranking - Trailing
| Period | PSMG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -8.4% | -14.6% | 29.7% | 98.71% |
| 1 Yr | -1.4% | -13.2% | 29.2% | 87.14% |
| 3 Yr | 11.0%* | -6.3% | 11.0% | 0.35% |
| 5 Yr | 9.1%* | -7.8% | 9.1% | 0.37% |
| 10 Yr | N/A* | -3.2% | 7.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PSMG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.4% | -37.4% | -8.2% | 3.29% |
| 2022 | 9.7% | -5.0% | 12.0% | 5.02% |
| 2021 | 3.4% | -5.7% | 7.8% | 24.73% |
| 2020 | 5.1% | -2.1% | 6.3% | 1.45% |
| 2019 | -1.1% | -6.1% | 0.1% | 2.64% |
PSMG - Holdings
Concentration Analysis
| PSMG | Category Low | Category High | PSMG % Rank | |
|---|---|---|---|---|
| Net Assets | 17.8 M | 963 K | 126 B | 96.15% |
| Number of Holdings | 19 | 4 | 7731 | 68.71% |
| Net Assets in Top 10 | 17 M | 905 K | 28.9 B | 93.55% |
| Weighting of Top 10 | 83.25% | 13.3% | 100.0% | 29.23% |
Top 10 Holdings
- Invesco RAFI Strategic US ETF 16.23%
- Invesco SP 500 Pure Growth ETF 14.93%
- Invesco Government Agency Portfolio, Institutional Class 12.08%
- Invesco Russell 1000 Dynamic Multifactor ETF 11.72%
- Invesco 1-30 Laddered Treasury ETF 9.35%
- Invesco SP 500 Low Volatility ETF 8.97%
- Invesco SP International Developed Low Volatility ETF 6.00%
- Invesco Private Prime Fund 5.67%
- Invesco SP Emerging Markets Low Volatility ETF 3.90%
- Invesco SP MidCap Low Volatility ETF 3.37%
Asset Allocation
| Weighting | Return Low | Return High | PSMG % Rank | |
|---|---|---|---|---|
| Stocks | 80.73% | 0.19% | 99.72% | 19.03% |
| Bonds | 18.79% | 0.00% | 91.12% | 40.00% |
| Cash | 0.37% | -7.71% | 88.33% | 90.97% |
| Convertible Bonds | 0.11% | 0.00% | 26.48% | 84.19% |
| Preferred Stocks | 0.00% | 0.00% | 26.97% | 94.52% |
| Other | 0.00% | -2.61% | 17.60% | 90.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PSMG % Rank | |
|---|---|---|---|---|
| Technology | 15.86% | 1.07% | 52.93% | 80.00% |
| Financial Services | 14.46% | 0.28% | 52.80% | 58.39% |
| Industrials | 11.08% | 1.16% | 32.55% | 39.35% |
| Healthcare | 10.25% | 0.00% | 36.30% | 89.03% |
| Consumer Cyclical | 9.10% | 0.00% | 16.01% | 71.61% |
| Consumer Defense | 8.04% | 0.00% | 27.24% | 14.84% |
| Energy | 7.74% | 0.00% | 29.22% | 17.10% |
| Utilities | 7.43% | 0.00% | 31.67% | 8.06% |
| Real Estate | 6.53% | 0.00% | 33.86% | 26.45% |
| Communication Services | 5.14% | 0.00% | 26.62% | 86.77% |
| Basic Materials | 4.36% | 0.00% | 15.48% | 46.77% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PSMG % Rank | |
|---|---|---|---|---|
| US | 61.28% | 0.19% | 96.85% | 25.48% |
| Non US | 19.45% | 0.00% | 35.45% | 56.45% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PSMG % Rank | |
|---|---|---|---|---|
| Government | 55.79% | 0.00% | 99.71% | 6.45% |
| Corporate | 31.23% | 0.00% | 100.00% | 50.65% |
| Municipal | 7.33% | 0.00% | 17.02% | 4.84% |
| Securitized | 3.23% | 0.00% | 37.97% | 70.97% |
| Cash & Equivalents | 2.38% | 0.00% | 100.00% | 96.13% |
| Derivative | 0.04% | 0.00% | 38.84% | 47.42% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PSMG % Rank | |
|---|---|---|---|---|
| US | 18.61% | 0.00% | 91.12% | 23.87% |
| Non US | 0.18% | 0.00% | 18.39% | 83.55% |
PSMG - Expenses
Operational Fees
| PSMG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.32% | 0.01% | 3.35% | 80.20% |
| Management Fee | 0.05% | 0.00% | 1.25% | 28.21% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| PSMG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PSMG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PSMG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 4.00% | 398.00% | 36.27% |
PSMG - Distributions
Dividend Yield Analysis
| PSMG | Category Low | Category High | PSMG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.04% | 0.00% | 7.01% | 2.24% |
Dividend Distribution Analysis
| PSMG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| PSMG | Category Low | Category High | PSMG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.92% | -1.12% | 5.55% | 17.49% |
Capital Gain Distribution Analysis
| PSMG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 30, 2023 | $0.126 | OrdinaryDividend |
| Mar 24, 2023 | $0.083 | OrdinaryDividend |
| Dec 23, 2022 | $0.100 | OrdinaryDividend |
| Sep 23, 2022 | $0.139 | OrdinaryDividend |
| Jun 30, 2022 | $0.124 | OrdinaryDividend |
| Mar 31, 2022 | $0.059 | OrdinaryDividend |
| Dec 31, 2021 | $0.147 | OrdinaryDividend |
| Sep 30, 2021 | $0.083 | OrdinaryDividend |
| Jun 30, 2021 | $0.073 | OrdinaryDividend |
| Mar 31, 2021 | $0.050 | OrdinaryDividend |
| Dec 31, 2020 | $0.120 | OrdinaryDividend |
| Sep 30, 2020 | $0.085 | OrdinaryDividend |
| Jun 30, 2020 | $0.084 | OrdinaryDividend |
| Mar 31, 2020 | $0.045 | OrdinaryDividend |
| Sep 30, 2019 | $0.101 | OrdinaryDividend |
| Jun 28, 2019 | $0.094 | OrdinaryDividend |
| Mar 29, 2019 | $0.048 | OrdinaryDividend |
| Dec 31, 2018 | $0.112 | OrdinaryDividend |
| Sep 28, 2018 | $0.060 | OrdinaryDividend |
| Jun 29, 2018 | $0.058 | OrdinaryDividend |
| Mar 29, 2018 | $0.027 | OrdinaryDividend |
| Dec 29, 2017 | $0.137 | OrdinaryDividend |
| Sep 29, 2017 | $0.078 | OrdinaryDividend |
| Jun 30, 2017 | $0.029 | OrdinaryDividend |
PSMG - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
Feb 21, 2017
5.27
5.3%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Michael Jeanette
Start Date
Tenure
Tenure Rank
Feb 21, 2017
5.27
5.3%
Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.
Jacob Borbidge
Start Date
Tenure
Tenure Rank
Feb 21, 2017
5.27
5.3%
Blank
Duy Nguyen
Start Date
Tenure
Tenure Rank
Feb 21, 2017
5.27
5.3%
Duy Nguyen serves as Chief Investment Officer and Portfolio Manager for Invesco Global Solutions Development and Implementation. He has been with Invesco since 2000, most recently on the Invesco Global Quantitative Strategies team. Previously, he was assistant vice president and quantitative equity analyst with Van Kampen American Capital, and vice president and director of quantitative services for FactSet Research Systems.
Jeffrey Bennett
Start Date
Tenure
Tenure Rank
Apr 30, 2020
2.08
2.1%
Jeff Bennett is a Senior Portfolio Manager and Head of Manager Selection for the Invesco Investment Solutions team, which provides customized multi-asset investment strategies for institutional and retail clients. Mr. Bennett joined Invesco when the firm combined with OppenheimerFunds in 2019. Prior to joining Invesco, he was a senior portfolio manager and manager due diligence specialist in the OppenheimerFunds Global Multi-Asset Group (GMAG).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.45 | 2.41 |
