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Trending ETFs

Name

As of 06/23/2023

Price

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

$16.62

$17.8 M

3.04%

$0.50

0.32%

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 06/23/2023

Price

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

$16.62

$17.8 M

3.04%

$0.50

0.32%

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%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Growth Multi-Asset Allocation ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Feb 21, 2017
  • Shares Outstanding
    1170001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter 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.
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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

  1. Invesco RAFI Strategic US ETF 16.23%
  2. Invesco SP 500 Pure Growth ETF 14.93%
  3. Invesco Government Agency Portfolio, Institutional Class 12.08%
  4. Invesco Russell 1000 Dynamic Multifactor ETF 11.72%
  5. Invesco 1-30 Laddered Treasury ETF 9.35%
  6. Invesco SP 500 Low Volatility ETF 8.97%
  7. Invesco SP International Developed Low Volatility ETF 6.00%
  8. Invesco Private Prime Fund 5.67%
  9. Invesco SP Emerging Markets Low Volatility ETF 3.90%
  10. 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

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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