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Trending ETFs

Invesco Conservative Multi-Asset Allocation ETF

Active ETF
PSMC
Payout Change
Pending
Price as of:
$12.06 +0.03 +0.21%
primary theme
N/A
PSMC (ETF)

Invesco Conservative Multi-Asset Allocation ETF

Payout Change
Pending
Price as of:
$12.06 +0.03 +0.21%
primary theme
N/A
PSMC (ETF)

Invesco Conservative Multi-Asset Allocation ETF

Payout Change
Pending
Price as of:
$12.06 +0.03 +0.21%
primary theme
N/A

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

$12.06

$9 M

3.98%

$0.48

0.37%

Vitals

YTD Return

1.1%

1 yr return

-0.8%

3 Yr Avg Return

0.3%

5 Yr Avg Return

2.5%

Net Assets

$9 M

Holdings in Top 10

82.3%

52 WEEK LOW AND HIGH

$12.0
$11.45
$12.74

Expenses

OPERATING FEES

Expense Ratio 0.37%

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

$12.06

$9 M

3.98%

$0.48

0.37%

PSMC - Profile

Distributions

  • YTD Total Return -7.9%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.56%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Conservative Multi-Asset Allocation ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Feb 23, 2017
  • Shares Outstanding
    1120001
  • 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 conservative 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 fixed-income securities (“Fixed Income ETFs”), but also provides some exposure to Underlying ETFs that invest primarily in equity securities (“Equity ETFs”). Specifically, the Fund’s target allocation is to invest approximately 5%-35% of its total assets in Equity ETFs and approximately 65%-95% of its total assets in Fixed Income ETFs. Approximately 3%-20% 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.
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 issuers); (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, while still creating a conservative portfolio with a lower risk profile than the overall stock market consistent with the Fund’s investment objective. 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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PSMC - Performance

Return Ranking - Trailing

Period PSMC Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -4.8% 6.1% 94.24%
1 Yr -0.8% -13.6% 2.0% 35.97%
3 Yr 0.3%* -10.6% 0.3% 0.76%
5 Yr 2.5%* -9.4% 3.5% 1.60%
10 Yr 0.0%* -2.9% 1.1% 10.87%

* Annualized

Return Ranking - Calendar

Period PSMC Return Category Return Low Category Return High Rank in Category (%)
2023 -11.3% -39.5% -1.5% 15.94%
2022 2.8% -4.4% 4.2% 1.48%
2021 2.5% -5.7% 4.1% 7.09%
2020 3.2% 0.8% 4.1% 1.57%
2019 -0.6% -3.1% -0.2% 3.23%

Total Return Ranking - Trailing

Period PSMC Return Category Return Low Category Return High Rank in Category (%)
YTD -7.9% -11.4% 5.9% 99.28%
1 Yr -4.8% -13.6% 2.0% 90.65%
3 Yr 3.8%* -10.6% 5.7% 1.52%
5 Yr 3.8%* -9.4% 3.8% 0.81%
10 Yr N/A* -2.7% 2.3% N/A

* Annualized

Total Return Ranking - Calendar

Period PSMC Return Category Return Low Category Return High Rank in Category (%)
2023 -11.3% -39.5% -1.5% 15.94%
2022 2.8% -4.4% 4.2% 1.48%
2021 2.5% -5.7% 4.1% 7.09%
2020 3.2% 0.8% 4.1% 1.57%
2019 -0.6% -3.1% 0.1% 18.55%

PSMC - Holdings

Concentration Analysis

PSMC Category Low Category High PSMC % Rank
Net Assets 9 M 9 M 6.08 B 100.00%
Number of Holdings 19 3 7774 50.36%
Net Assets in Top 10 11.7 M -56 M 5.07 B 92.09%
Weighting of Top 10 82.25% 10.9% 102.4% 58.46%

Top 10 Holdings

  1. Invesco Taxable Municipal Bond ETF 14.91%
  2. Invesco Fundamental High Yield Corporate Bond ETF 14.67%
  3. Invesco 1-30 Laddered Treasury ETF 13.86%
  4. Invesco Variable Rate Investment Grade ETF 13.31%
  5. Invesco Government Agency Portfolio, Institutional Class 6.93%
  6. Invesco PureBeta 0-5 Yr US TIPS ETF 6.89%
  7. Invesco Private Prime Fund 6.29%
  8. Invesco Senior Loan ETF 5.52%
  9. Invesco Investment Grade Defensive ETF 4.73%
  10. Invesco SP 500 Pure Growth ETF 4.67%

Asset Allocation

Weighting Return Low Return High PSMC % Rank
Bonds
73.55% 0.00% 130.40% 34.53%
Stocks
20.66% -1.95% 57.00% 48.92%
Preferred Stocks
3.63% 0.00% 3.63% 0.72%
Cash
1.49% -54.98% 76.00% 86.33%
Convertible Bonds
0.67% 0.00% 3.97% 83.45%
Other
0.00% -3.09% 22.34% 78.42%

Stock Sector Breakdown

Weighting Return Low Return High PSMC % Rank
Technology
16.74% 0.00% 25.62% 61.15%
Financial Services
12.71% 0.00% 20.10% 88.49%
Industrials
11.30% 0.00% 29.86% 24.46%
Healthcare
10.87% 0.00% 19.76% 80.58%
Consumer Cyclical
9.69% 0.00% 12.36% 58.27%
Energy
8.37% 0.00% 27.98% 10.07%
Consumer Defense
8.01% 0.00% 22.77% 13.67%
Utilities
7.94% 0.00% 91.26% 10.07%
Real Estate
5.28% 0.00% 78.69% 42.45%
Communication Services
4.90% 0.00% 11.71% 87.05%
Basic Materials
4.19% 0.00% 8.71% 49.64%

Stock Geographic Breakdown

Weighting Return Low Return High PSMC % Rank
US
15.72% -1.96% 56.43% 44.60%
Non US
4.94% -2.14% 14.08% 57.55%

Bond Sector Breakdown

Weighting Return Low Return High PSMC % Rank
Corporate
41.30% 0.00% 73.91% 30.22%
Government
31.71% 0.00% 62.10% 46.76%
Municipal
20.03% 0.00% 20.03% 0.72%
Securitized
4.83% 0.00% 61.25% 93.53%
Cash & Equivalents
2.13% 1.69% 100.00% 98.56%
Derivative
0.00% 0.00% 23.66% 81.29%

Bond Geographic Breakdown

Weighting Return Low Return High PSMC % Rank
US
68.75% 0.00% 130.40% 13.67%
Non US
4.80% -1.54% 27.51% 82.01%

PSMC - Expenses

Operational Fees

PSMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.07% 3.13% 77.78%
Management Fee 0.05% 0.00% 1.25% 17.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

PSMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PSMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PSMC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 6.00% 318.00% 50.00%

PSMC - Distributions

Dividend Yield Analysis

PSMC Category Low Category High PSMC % Rank
Dividend Yield 3.98% 0.00% 4.01% 0.72%

Dividend Distribution Analysis

PSMC Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

PSMC Category Low Category High PSMC % Rank
Net Income Ratio 2.56% -1.30% 3.99% 14.60%

Capital Gain Distribution Analysis

PSMC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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PSMC - Fund Manager Analysis

Managers

Peter Hubbard


Start Date

Tenure

Tenure Rank

Feb 23, 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 23, 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 23, 2017

5.27

5.3%

Blank

Duy Nguyen


Start Date

Tenure

Tenure Rank

Feb 23, 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
0.09 26.96 6.1 1.92