PSMB — Invesco Balanced Multi-Asset Allocation ETF

Data updated: 2023-06-28

PSMB — Invesco Balanced Multi-Asset Allocation ETF. Balanced Allocation · $32.70M AUM · 0.33% expense ratio. Holdings, fees, performance and SEC filings.

PSMB Fund Overview

PSMB — Invesco Balanced Multi-Asset Allocation ETF is a US ETF managed by Invesco Actively Managed Exchange-Traded Fund Trust, categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

PSMB Investment Objective and Strategy

Invesco Balanced Multi-Asset Allocation ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Invesco Actively Managed Exchange-Traded Fund Trust.

Investment objective

The PowerShares Balanced Multi-Asset Allocation Portfolio (the “Fund”) seeks to provide current income and capital appreciation.

Principal investment strategy

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 underlying 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 Funds adviser or one of its affiliates (the PowerShares 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 PowerShares ETFs are part of the same group of investment companies. The Fund seeks to achieve its investment objective by allocating its assets using a balanced investment style that seeks to maximize the benefits of diversification, which focuses on investing portion of Fund assets both in Underlying ETFs that invest in fixed-income securities (Fixed Income ETFs) as well as in Underlying ETFs that invest primarily in equity securities (Equity ETFs).

Specifically, the Funds target allocation is to invest approximately 50%-70% of its total assets in Equity ETFs and approximately 30%-50% of its total assets in Fixed Income ETFs. Approximately 10%-25% of the Funds 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 are based on those securities. Some of those Underlying ETFs investments are in emerging markets. The Funds sub-adviser uses the following investment process to construct the Funds 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 a comprehensive quantitative and qualitative criteria (such as management experience and structure, investment process, performance and risk metrics); (3) determination by the Funds 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 Funds 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 portfolio 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 balanced portfolio designed to provide current income and capital appreciation consistent with the Funds investment objective. At any given time, the Funds asset class allocations may not match the above percentage weightings due to market fluctuations, cash flows and other factors. The Funds sub-adviser may add or eliminate certain Underlying ETFs from the Funds portfolio and the Funds sub-adviser may also change the target percentage of the Funds assets allocated to a given asset class or Underlying ETF, all without shareholder approval.

The current list of Underlying ETFs is available at www.powershares.com. 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).

PSMB Performance

Total returns for PSMB (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year0.8%
3 years (annualised)8.8%

PSMB Risk Information

Risk metrics for PSMB, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 15.2%

PSMB Costs and Fees

PSMB costs about $33 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.33%
  • Gross expense ratio: 0.33%
  • Portfolio turnover: 32%
  • Brokerage commissions: 1.57 bps of average net assets (SEC N-CEN)

PSMB Cashflows

Over the 12 months to 2023-04, Invesco Balanced Multi-Asset Allocation ETF had net inflows of $1.06M, from monthly SEC N-PORT filings.

MonthNet flow
2023-04−$1.20M
2023-03−$2.50M
2023-02−$2.26M
2023-01−$1.27M
2022-12$738.51K
2022-11$889.76K

PSMB Debt Constituents

No individual debt constituents are reported in Invesco Balanced Multi-Asset Allocation ETF's latest SEC N-PORT filing.

PSMB Prospectus and SEC Filings

Official Invesco Balanced Multi-Asset Allocation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Balanced Allocation 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.