PGJ

Invesco Golden Dragon China ETF

Invesco Golden Dragon China Portfolio seeks investment results that correspond to the price and yield of the NASDAQ Golden Dragon China Index. The index is composed of US exchange-listed companies that are headquartered in China.


Emerging Market

EQUITY

Passive

MANAGEMENT STYLE

142.5 M

ASSETS UNDER MGMT

70 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateDec 09, 2004
Assets (mns)$142
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionDepository Receipts
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
YUM CHINA HOLDINGS, INC. 8.0 %
JD.COM INC-ADR 7.9 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 7.8 %
KE HOLDINGS, INC. SPONSORED ADR CLASS A 7.5 %
BAIDU INC - SPON ADR 7.2 %
NETEASE.COM INC-ADR 4.7 %
TENCENT MUSIC ENTERTAINMENT GROUP ADR CL 4.3 %
FULL TRUCK ALLIANCE CO LTD ADR 4.1 %
CHINA LODGING GROUP-SPON ADS 3.3 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 3.2 %
Constituent Breakdown
Number of holdings49
Herfindahl-Hirschman Index 460
Wgt avg mkt cap (mns)$44,889
Large cap (>$10bn)67.1%
Mid cap ($2-10bn)25.8%
Small cap (<$2bn)6.7%
Developed mkts.5.8%
Emerging mkts.94.2%
Country Exposure
CHINA 90.9 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 13.4% 18.2% 1.6% -3.4% -6.1% 0.6% 3.9% 3.6%
Dividend Yield -0.2% 8.7% 3.5% 8.0% 3.6% 1.0% 1.4% 1.5%
Total Returns 13.2% 26.9% 5.1% 4.5% -2.5% 1.6% 5.2% 5.1%
Ann. Volatility 33.5% 35.5% 34.0% 48.3% 45.2% 36.7% 34.9% 34.7%
Market Correlations
versus...BetaR-squared
S&P 5000.453%
MSCI EAFE1.0717%
MSCI Emg Mkts2.0159%
Liquidity Measures
Avg. volume (000)66
Turnover1.3%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$2,525
Technical Indicators
Recent close$27.21
30d moving avg.$28.90
Annualized volatility45.5%
Relative strength (RSI)41
Short interest (ETF)3.1%
Short interest (underlying)3.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. PGJ
Expenses
vs. PGJ
ALTAR Score™
vs. PGJ
KWEB KraneShares CSI China Internet ETF   20.7%   -1 bp +16.6%
EBIZ Global X E-Commerce ETF   17.3%   -20 bp -5.3%
SOCL Global X Social Media ETF   15.0%   -5 bp +0.0%
CGRO CoreValues Alpha Greater China Growth ETF   13.1%   +5 bp -5.9%
Risk and Returns: PGJ 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
  2020 2021 2022 2023 2024 2025 2026  
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
  Fwd Est 2024 2025 2026
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 4/24/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PGJ



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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

PGJ

10.0%

Cat. Avg

10.2%


ALTAR Score™ Calculation

Category Overview
There are 153 funds in the Emerging Equity category, with an average ALTAR Score™ of 10.2% and a standard deviation of 3.9%. PGJ's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places PGJ in the 48th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PGJ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Emerging Market Equity ETFs
# of ETFs 53
Avg. Expense Ratio 52.8 bp
Std. Deviation 23.2 bp
PGJ (70 bp) Percentile rank 78
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PGJ 70.0 13.2 83.2
Peer Avg. 55.8 20.1 75.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .