PSMG — Invesco Growth Multi-Asset Allocation ETF
Data updated: 2023-06-28
PSMG — Invesco Growth Multi-Asset Allocation ETF. Capital Appreciation / Growth Allocation · $27.69M AUM. Holdings, fees, performance and SEC filings.
PSMG Fund Overview
PSMG — Invesco Growth Multi-Asset Allocation ETF is a US ETF managed by Invesco Actively Managed Exchange-Traded Fund Trust, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Invesco Actively Managed Exchange-Traded Fund Trust
- Category: Capital Appreciation / Growth Allocation
- Assets under management: $27.69M
- 1-year return: 0.9%
- Ticker: PSMG
- SEC CIK: 0001418144
- SEC series ID: S000056350
- Share class ID: C000177576
PSMG Investment Objective and Strategy
Invesco Growth 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 Growth Multi-Asset Allocation Portfolio (the “Fund”) seeks to provide long-term 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 growth 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 equity securities (Equity ETFs), but also provides some exposure to Underlying ETFs that invest primarily in fixed-income (Fixed Income ETFs).
Specifically, the Funds target allocation is to invest approximately 60%-80% of its total assets in Equity ETFs and approximately 20%-40% of its total assets in Fixed Income ETFs. Approximately 20%-30% 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 and create a growth portfolio designed to provide long-term capital appreciation. 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).
PSMG Performance
Total returns for PSMG (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.9% |
| 3 years (annualised) | 11.9% |
PSMG Risk Information
Risk metrics for PSMG, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.3%
PSMG Costs and Fees
PSMG costs about $32 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.32%
- Gross expense ratio: 0.32%
- Portfolio turnover: 34%
- Brokerage commissions: 1.54 bps of average net assets (SEC N-CEN)
PSMG Cashflows
Over the 12 months to 2023-04, Invesco Growth Multi-Asset Allocation ETF had net inflows of $3.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-04 | $0 |
| 2023-03 | −$2.15M |
| 2023-02 | −$2.35M |
| 2023-01 | −$5.18M |
| 2022-12 | $6.98M |
| 2022-11 | $2.63M |
PSMG Debt Constituents
No individual debt constituents are reported in Invesco Growth Multi-Asset Allocation ETF's latest SEC N-PORT filing.
PSMG Prospectus and SEC Filings
Official Invesco Growth Multi-Asset Allocation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-27
- Prospectus (485BPOS) — filed 2022-02-25
- Prospectus (485BPOS) — filed 2021-02-25
- Portfolio holdings (N-PORT) — filed 2023-06-28
- Portfolio holdings (N-PORT) — filed 2023-04-03
- Portfolio holdings (N-PORT) — filed 2022-12-28
- Annual census (N-CEN) — filed 2023-01-11
- Annual census (N-CEN) — filed 2022-01-13
Related Funds
Other Capital Appreciation / Growth 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.