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Invesco Growth Multi-Asset Allocation ETF

Ticker: PSMG
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Product Details

The Invesco Growth Multi-Asset Allocation ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks to provide long-term capital appreciation by allocating through a growth investment style that seeks to maximize diversification potential. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Fund's target allocation of total assets: 65%-95% in equity ETFs, 5%-35% in fixed income ETFs and 15%-35% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs). Invesco Advisers Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes.

The Fund's final day of trading will occur on June 23, 2023. After market close on that date the Fund will no longer trade on an Exchange and will be subsequently delisted. The final distribution to shareholders of the Fund is expected to occur on or about June 30, 2023. Please see the Fund's prospectus for further information.

as of 02/28/2023

Morningstar Rating ™

Overall Rating - Allocation--70% to 85% Equity Category

As of 02/28/2023 the Fund had an overall rating of 4 stars out of 294 funds and was rated 4 stars out of 294 funds, 4 stars out of 277 funds and N/A stars out of N/A funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2023 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 02/28/2023 12/31/2022

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Custom Invesco Growth Allocation ETF Index 3.36 -8.38 6.41 4.96 6.69 6.49
S&P 500 Index 3.69 -7.69 12.15 9.82 12.25 10.98
Fund History (%)
Fund NAV 2.21 -5.46 8.80 6.69 N/A 7.58
After Tax Held 2.21 -6.28 7.97 5.75 N/A 6.66
After Tax Sold 1.31 -3.09 6.56 4.89 N/A 5.64
Fund Market Price 2.21 -5.35 8.98 6.67 N/A 7.58
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Custom Invesco Growth Allocation ETF Index -17.16 -17.16 2.89 4.39 6.72 6.08
S&P 500 Index -18.11 -18.11 7.66 9.42 12.56 10.62
Fund History (%)
Fund NAV -12.63 -12.63 5.32 6.19 N/A 7.40
After Tax Held -13.54 -13.54 4.45 5.22 N/A 6.43
After Tax Sold -7.48 -7.48 3.78 4.46 N/A 5.46
Fund Market Price -12.61 -12.61 5.34 6.17 N/A 7.40

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 12/31/2022

Growth of $10,000

Data beginning Fund inception and ending 12/31/2022. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 03/26/2023

Market Cap & Style Allocations

Large-Cap Value 16.60%
Large-Cap Blend 31.73%
Large-Cap Growth 13.41%
Mid-Cap Value 10.46%
Mid-Cap Blend 15.93%
Mid-Cap Growth 4.44%
Small-Cap Value 2.94%
Small-Cap Blend 4.13%
Small-Cap Growth 0.36%

as of 03/27/2023 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
IUS Invesco RAFI Strategic US ETF 15.96
RPG Invesco S&P 500 Pure Growth ETF 14.74
AGPXX Invesco Government & Agency Portfolio 12.68
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 11.41
PLW Invesco 1-30 Laddered Treasury ETF 9.49
SPLV Invesco S&P 500 Low Volatility ETF 8.79
IDLV Invesco S&P International Developed Low Volatility ETF 5.91
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.92
XMLV Invesco S&P MidCap Low Volatility ETF 3.40
PHB Invesco Fundamental High Yield Corporate Bond ETF 2.45
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share		 Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/20/2023 03/21/2023 03/24/2023 0.08319 0.08319 - - - -
12/19/2022 12/20/2022 12/23/2022 0.10037 0.10037 - - - -
09/19/2022 09/20/2022 09/23/2022 0.13871 0.13871 - - - -
06/21/2022 06/22/2022 06/30/2022 0.12417 0.12417 - - - -
03/21/2022 03/22/2022 03/31/2022 0.05886 0.05886 - - - -
12/20/2021 12/21/2021 12/31/2021 0.14726 0.14726 - - - -
09/20/2021 09/21/2021 09/30/2021 0.08247 0.08247 - - - -
06/21/2021 06/22/2021 06/30/2021 0.07271 0.07271 - - - -
03/22/2021 03/23/2021 03/31/2021 0.04963 0.04963 - - - -
12/21/2020 12/22/2020 12/31/2020 0.12005 0.12005 - - - -
09/21/2020 09/22/2020 09/30/2020 0.08478 0.08478 - - - -
06/22/2020 06/23/2020 06/30/2020 0.08397 0.08397 - - - -
03/23/2020 03/24/2020 03/31/2020 0.04453 0.04453 - - - -
12/23/2019 12/24/2019 12/31/2019 0.34666 0.12333 0.19333 0.03000 - -
09/23/2019 09/24/2019 09/30/2019 0.10113 0.10113 - - - -
06/24/2019 06/25/2019 06/28/2019 0.09393 0.09393 - - - -
03/18/2019 03/19/2019 03/29/2019 0.04813 0.04813 - - - -
12/26/2018 12/27/2018 12/31/2018 - - 0.02360 0.01206 - -
12/24/2018 12/26/2018 12/31/2018 0.11178 0.11178 - - - -
09/24/2018 09/25/2018 09/28/2018 0.05991 0.05991 - - - -
06/18/2018 06/19/2018 06/29/2018 0.05833 0.05833 - - - -
03/19/2018 03/20/2018 03/29/2018 0.02682 0.02682 - - - -
12/27/2017 12/28/2017 12/29/2017 0.02923 0.00000 0.02923 - - -
12/18/2017 12/19/2017 12/29/2017 0.13704 0.13704 - - - -
09/18/2017 09/19/2017 09/29/2017 0.07799 0.07799 - - - -
06/16/2017 06/20/2017 06/30/2017 0.02909 0.02909 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending		 Days 0.00-
0.25%		 0.26-
0.50%		 0.51-
0.99%		 1.00-
1.49%		 1.50-
1.99%		 ≥2.00%
12/31/2022 63 44 6 0 0 0 0
09/30/2022 64 31 11 3 0 0 0
06/30/2022 62 31 8 0 0 0 0
03/31/2022 62 37 2 0 0 0 0
Year Ended 2022 251 143 27 3 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending		 Days 0.00-
0.25%		 0.26-
0.50%		 0.51-
0.99%		 1.00-
1.49%		 1.50-
1.99%		 ≥2.00%
12/31/2022 63 11 2 0 0 0 0
09/30/2022 64 16 3 0 0 0 0
06/30/2022 62 14 9 0 0 0 0
03/31/2022 62 19 4 0 0 0 0
Year Ended 2022 251 60 18 0 0 0 0

Fund Inception : 02/23/2017

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

Premiums/Discounts

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Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

The Fund is subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds and certain factors may cause the Fund to withdraw its investments therein at a disadvantageous time.

The Fund typically will hold a small number of positions (approximately 10-20 Underlying ETFs). To the extent that a significant portion of the Fund’s total assets is invested in a limited number of holdings, the appreciation or depreciation of any one Underlying ETF may have a greater impact on the Fund’s NAV than it would if the Fund held a greater number of constituents.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The Custom Invesco Growth Allocation Index consists of 80% MSCI All Country World Index and 20% Bloomberg US Aggregate Index. An investment cannot be made in an index.

The MSCI All Country World Index (MSCI ACWI) is a free float-adjusted market capitalization index that is designed to measure equity market performance of developed and emerging markets. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

The Bloomberg US Aggregate Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.

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