IGPT
Invesco AI and Next Gen Software ETF
The Invesco Dynamic Software Portfolio ETF uses a quantitative model to choose US software companies across the market cap spectrum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
369.7 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $370 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALPHABET INC. CLASS A | 9.0 % |
| META PLATFORMS INC | 8.7 % |
| NVIDIA CORP | 8.3 % |
| ADVANCED MICRO DEVICES | 6.2 % |
| ADOBE SYSTEMS INC | 5.8 % |
| INTUITIVE SURGICAL INC | 4.5 % |
| QUALCOMM INC | 4.0 % |
| MICRON TECHNOLOGY INC | 3.8 % |
| EQUINIX INC | 3.1 % |
| KEYENCE CORP | 2.9 % |
Constituent Breakdown
| Number of holdings | 94 |
| Herfindahl-Hirschman Index | 429 |
| Wgt avg mkt cap (mns) | $401,283 |
| Large cap (>$10bn) | 92.4% |
| Mid cap ($2-10bn) | 6.6% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 96.3% |
| Emerging mkts. | 3.7% |
Country Exposure
 |
UNITED STATES | 86.7 % |
 |
JAPAN | 4.2 % |
 |
SOUTH KOREA | 2.1 % |
 |
TAIWAN | 1.2 % |
 |
BRITAIN | 1.1 % |
 |
FRANCE | 0.9 % |
 |
SWEDEN | 0.7 % |
 |
IRELAND | 0.7 % |
 |
CHINA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.4% | 26.8% | -25.8% | -26.2% | -11.0% | 3.6% | 7.2% | Volatility | 24.4% | 23.4% | 22.8% | 28.0% | 28.7% | 24.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 12% |
| MSCI EAFE | 0.58 | 5% |
| MSCI Emg Mkts | 0.09 | 0% |
Liquidity Measures
| Avg. volume (000) | 51 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $73,055 |
Technical Indicators
| Recent close | $41.47 |
| 30d moving avg. | $47.61 |
| Annualized volatility | 45.9% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 6.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IGPT |
Expenses vs. IGPT |
ALTAR Score™ vs. IGPT |
|---|---|---|---|---|
| FMET | Fidelity Metaverse ETF | 38.7% | -21 bp | +1.4% |
| GGME | Invesco Next Gen Media and Gaming ETF | 38.4% | 0 bp | -0.3% |
| IGM | iShares Expanded Tech Sector ETF | 34.1% | -19 bp | +0.5% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 31.8% | -20 bp | +0.1% |
| CHAT | Roundhill Generative AI & Technology ETF | 31.2% | +15 bp | -0.5% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 30.1% | -20 bp | +1.3% |
| SMH | VanEck Semiconductor ETF | 29.9% | -25 bp | +1.5% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 29.6% | 0 bp | -0.1% |
| SOXX | iShares Semiconductor ETF | 28.8% | -25 bp | +2.7% |
| SOXQ | Invesco PHLX Semiconductor ETF | 28.5% | -41 bp | +1.4% |
Risk and Returns: IGPT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/29/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IGPT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
IGPT
3.9%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. IGPT's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places IGPT in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IGPTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| IGPT (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IGPT | 60.0 | 28.9 | 88.9 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .