PSP

Invesco Global Listed Private Equity ETF

Invesco Global Listed Private Equity Portfolio seeks investment results that correspond generally to the price and yield of the Red Rocks Listed Private Equity Index, which includes more than 30 U.S. publicly listed companies with direct investments in more than 1,000 private businesses.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

275.0 M

ASSETS UNDER MGMT

106 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 24, 2006
Assets (mns)$275
Expense ratio106 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TPG INC 28.2 %
BLACKSTONE GROUP LP/THE 5.9 %
KKR & CO LP 5.7 %
3I GROUP PLC 4.9 %
CARLYLE GROUP/THE 4.8 %
PARTNERS GROUP HOLDING AG 4.7 %
BLUE OWL CAPITAL INC CLASS A 4.1 %
EQT AB 4.0 %
EURAZEO 3.7 %
HAL TRUST 3.5 %
Constituent Breakdown
Number of holdings41
Herfindahl-Hirschman Index 1,035
Wgt avg mkt cap (mns)$22,603
Large cap (>$10bn)50.2%
Mid cap ($2-10bn)36.4%
Small cap (<$2bn)13.5%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 37.7 %
BRITAIN 6.0 %
SWITZERLAND 5.6 %
SWEDEN 4.7 %
BELGIUM 4.5 %
CANADA 4.0 %
FRANCE 3.7 %
MONACO 3.5 %
ITALY 0.7 %
JAPAN 0.7 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 23.7% 36.9% 184.3% 76.6% 51.9% 28.4% 12.7%
Volatility 17.7% 18.4% 21.4% 25.2% 26.9% 21.8% --
Market Correlations
versus...BetaR-squared
S&P 5002.363%
MSCI EAFE2.684%
MSCI Emg Mkts4.098%
Liquidity Measures
Avg. volume (000)34
Turnover0.8%
Avg. Bid/Ask (% of price)0.56%
ADV of underlying (mns)$1,948
Technical Indicators
Recent close$67.44
30d moving avg.$70.69
Annualized volatility250.8%
Relative strength (RSI)53
Short interest (ETF)0.5%
Short interest (underlying)0.0%
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. PSP
Expenses
vs. PSP
ALTAR Score™
vs. PSP
LBO WHITEWOLF Publicly Listed Private Equity ETF   28.2%   -36 bp +0.3%
PEX ProShares Global Listed Private Equity ETF   23.1%   -25 bp +3.7%
KCE SPDR S&P Capital Markets ETF   11.4%   -71 bp -1.8%
Risk and Returns: PSP 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 --%
2.8 11.7 1.2 3.6% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PSP



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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

PSP

7.9%

Cat. Avg

4.2%


ALTAR Score™ Calculation

Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™ of 4.2% and a standard deviation of 4.8%. PSP's ALTAR Score™ is approximately 0.8 standard deviations above the category average. This places PSP in the 78th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
PSP (106 bp) Percentile rank 99
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PSP 106.0 56.2 162.2
Peer Avg. 57.0 39.6 96.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .