PBSM — Invesco PureBetaSM MSCI USA Small Cap ETF
Data updated: 2023-07-31
PBSM — Invesco PureBetaSM MSCI USA Small Cap ETF. United States Small Cap Blend / Core Equity · $17.66M AUM. Holdings, fees, performance and SEC filings.
PBSM Fund Overview
PBSM — Invesco PureBetaSM MSCI USA Small Cap ETF is a US ETF managed by Invesco Exchange-Traded Fund Trust II, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Invesco Exchange-Traded Fund Trust II
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $17.66M
- 1-year return: -3.3%
- Ticker: PBSM
- SEC CIK: 0001378872
- SEC series ID: S000058747
- Share class ID: C000192789
PBSM Investment Objective and Strategy
Invesco PureBetaSM MSCI USA Small Cap ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Invesco Exchange-Traded Fund Trust II.
Investment objective
The PowerShares PureBeta SM MSCI USA Small Cap Portfolio (the “Fund”) seeks to track the investment results (before fees and expenses) of the MSCI USA Small Cap Index (the “Underlying Index”).
Principal investment strategy
The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, MSCI Inc. (the Index Provider) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the small-capitalization segment of the U.S. equity market. The Index Provider weights securities in the Underlying Index by their free float-adjusted market capitalization. As of December 31, 2017, the Underlying Index was comprised of 1,798 common stocks that represent the bottom approximately 13% of the equity securities listed on stock exchanges in the United States, ranked by free float-adjusted market capitalization. The Fund generally invests in all of the securities comprising its Underlying Index in proportion to their weightings in the Underlying Index.
The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). For the avoidance of doubt, PureBeta refers to the market-capitalization weighted methodology of the Funds Underlying Index. It does not refer in any way to the purity or absence of errors or flaws of the market-capitalization weighted methodology of the Underlying Index or of the Fund in seeking to track the investment results of the Underlying Index. Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries.
The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
PBSM Performance
Total returns for PBSM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.3% |
| 3 years (annualised) | 12.0% |
PBSM Risk Information
Risk metrics for PBSM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.3%
PBSM Costs and Fees
PBSM costs about $6 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.06%
- Gross expense ratio: 0.06%
- Portfolio turnover: 17%
- Brokerage commissions: 1.15 bps of average net assets (SEC N-CEN)
PBSM Cashflows
Over the 12 months to 2023-05, Invesco PureBetaSM MSCI USA Small Cap ETF had net outflows of $17.93M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-05 | −$4.08M |
| 2023-04 | −$4.95M |
| 2023-03 | −$8.89M |
| 2023-02 | $4.43M |
| 2023-01 | $0 |
| 2022-12 | −$805.73K |
PBSM Debt Constituents
No individual debt constituents are reported in Invesco PureBetaSM MSCI USA Small Cap ETF's latest SEC N-PORT filing.
PBSM Prospectus and SEC Filings
Official Invesco PureBetaSM MSCI USA Small Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-12-15
- Prospectus (485BPOS) — filed 2021-12-17
- Prospectus (485BPOS) — filed 2020-12-21
- Portfolio holdings (N-PORT) — filed 2023-07-31
- Portfolio holdings (N-PORT) — filed 2023-05-01
- Portfolio holdings (N-PORT) — filed 2023-01-30
- Annual census (N-CEN) — filed 2022-11-14
- Annual census (N-CEN) — filed 2021-11-15
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.