PSMC — Invesco Conservative Multi-Asset Allocation ETF

Data updated: 2023-06-28

PSMC — Invesco Conservative Multi-Asset Allocation ETF. Total Return Allocation · $10.44M AUM. Holdings, fees, performance and SEC filings.

PSMC Fund Overview

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

PSMC Investment Objective and Strategy

Invesco Conservative 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 Conservative Multi-Asset Allocation Portfolio (the “Fund”) seeks total return consistent with a lower level of risk relative to the broad stock market.

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 conservative investment style that seeks to maximize the benefits of diversification, which focuses on investing a greater portion of Fund 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 Funds target allocation is to invest approximately 20%-50% of its total assets in Equity ETFs and approximately 50%-80% of its total assets in Fixed Income ETFs. Approximately 5%-10% 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. 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 conservative portfolio with a lower risk profile than the overall stock market 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).

PSMC Performance

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

PeriodTotal return
1 year1.1%
3 years (annualised)3.4%

PSMC Risk Information

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

  • 1-year volatility (annualised): 10.5%

PSMC Costs and Fees

PSMC costs about $37 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.37%
  • Gross expense ratio: 0.37%
  • Portfolio turnover: 26%
  • Brokerage commissions: 1.53 bps of average net assets (SEC N-CEN)

PSMC Cashflows

Over the 12 months to 2023-04, Invesco Conservative Multi-Asset Allocation ETF had net outflows of $4.19M, from monthly SEC N-PORT filings.

MonthNet flow
2023-04$242.44K
2023-03−$481.53K
2023-02−$4.06M
2023-01−$487.92K
2022-12−$716.10K
2022-11$3.15M

PSMC Debt Constituents

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

PSMC Prospectus and SEC Filings

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

Related Funds

Other Total Return 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.