PSMM - Invesco Moderately Conservative Multi-Asset Allocation ETFBalanced - Target Risk
The Invesco Moderately Conservative Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks to provide current income and some capital appreciation by allocating through a moderately conservative 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: 45%-75% in fixed income ETFs, 25%-55% in equity ETFs and 5%-25% 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.
|Index History (%)|
|Custom Invesco Moderately Conservative Allocation ETF Index||0.71||12.39||7.33||5.37||6.14||6.93|
|S&P 500 Index||-0.04||21.68||14.54||12.37||13.97||13.40|
|Fund History (%)|
|After Tax Held||0.44||9.80||N/A||N/A||N/A||5.72|
|After Tax Sold||0.26||7.14||N/A||N/A||N/A||4.92|
|Fund Market Price||0.44||11.96||N/A||N/A||N/A||6.95|
|Index History (%)|
|Custom Invesco Moderately Conservative Allocation ETF Index||15.83||15.83||7.51||5.36||5.98||6.87|
|S&P 500 Index||31.49||31.49||15.27||11.70||13.56||13.83|
|Fund History (%)|
|After Tax Held||14.61||14.61||N/A||N/A||N/A||5.69|
|After Tax Sold||10.01||10.01||N/A||N/A||N/A||4.90|
|Fund Market Price||16.61||16.61||N/A||N/A||N/A||7.00|
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.
Growth of $10,000
Data beginning Fund inception and ending 12/31/2019. 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.
Market Cap & Style Allocations
as of 02/20/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|VRIG||Invesco Variable Rate Investment Grade ETF||12.53|
|IUS||Invesco RAFI Strategic US ETF||9.67|
|RPG||Invesco S&P 500 Pure Growth ETF||9.15|
|BAB||Invesco Taxable Municipal Bond||7.41|
|IIGD||Invesco Investment Grade Defensive ETF||7.40|
|PHB||Invesco Fundamental High Yield Corporate Bond ETF||6.92|
|PCY||Invesco Emerging Markets Sovereign Debt ETF||5.87|
|PGX||Invesco Preferred ETF||5.77|
|PBTP||Invesco PureBeta 0-5 Yr US TIPS ETF||5.62|
|SPLV||Invesco S&P 500 Low Volatility ETF||5.36|
Risk & Other Information
The Custom Invesco Moderately Conservative Allocation Index consists of 40% MSCI All Country World Index and 60% Bloomberg Barclays 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 Barclays US Aggregate Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.
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.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
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.