PSMB
Invesco Balanced Multi-Asset Allocation ETF

Price: $14.78
Change: $0.07 (0.0%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.33%
ETF Home Page Home page
Inception Feb 23, 2017
Index Tracked ACTIVE - No Index

Analyst Report

The Invesco Balanced Multi-Asset Allocation ETF is an actively-managed fund of funds that aims to provide current income while maximizing diversification. Depending on market conditions, the fund will invest 45 percent to 75 percent of its portfolio in equity ETFs, 25 percent to 55 percent in fixed income ETFs, and 10 percent to 30 percent in American and global depositary receipts. PSMB achieves its asset mix by investing largely in a mix of other Invesco ETFs. It’s important to note, investors are not double-charged for fund fees. Rather, PSMB charges an ultra-low management fee of its own that’s comparable to some of the cheapest index offerings from bargain fund issuers. On top of that, PSMB investors pay acquired fund fees for PSMB’s underlying holdings. The total cost, which is the number you see listed as the expense ratio on ETFdb’s fund description page, represents the all-in management fee for investors. Though it’s pricier than some of the cheapest index funds on the market, PSMB’s costs are competitive compared with other actively-managed funds (and significantly lower a few high-cost providers of complicated index strategies.) For an all-in-one asset allocation strategy, the fees are quite reasonable. The fund is one of four asset allocation ETFs that Invesco launched in 2017. Asset allocation funds of funds are a staple in the mutual fund space because they offer a simple, single-ticker way to purchase an entire asset allocation, but they have been slow to catch on in ETFs. Many investors with a 401k own mutual funds that operate much the same way, such as single-ticket asset allocation funds or target-date retirement funds that are designed to meet investors’ goals, time horizon and risk tolerance. The issue with PSMB is identifying who it’s for. Invesco’s other asset allocation funds come with descriptive labels like “conservative,” “moderately conservative,” or “growth,” which helps investors get a sense of the risk targets. Given PSMB’s vague label “balanced” and the wide range of its possible stock and bond mix, it’s difficult to determine whether this fund is for risk takers or those looking for a safer strategy. ETFdb compared PSMB against Invesco’s other asset allocation strategies and its target risk is the second-most aggressive of the lineup. It falls somewhere in the moderate to aggressive range, depending on the manager’s outlook. For buy-and-hold investors that want a single-ticker solution combined with the tax efficiencies and low costs of ETFs, asset allocation strategies like PSMB are worth a look.

ETF Database Themes

Asset Class Multi-Asset
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Asset Allocation: Global - Target Outcome
Category Asset Allocation
Focus Target Outcome
Niche Income & Capital Appreciation
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $13.26
  • 52 Week Hi $15.63
  • AUM $26.2 M
  • Shares 1.8 M

Historical Trading Data

  • 1 Month Avg. Volume 21,435
  • 3 Month Avg. Volume 17,360

Alternative ETFs in the ETF Database Diversified Portfolio Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest AOR 0.15% $1.8 B 232,177 6.67%
Largest (AUM) AOR 0.15% $1.8 B 232,177 6.67%
Most Liquid (Volume) AOR 0.15% $1.8 B 232,177 6.67%
Top YTD Performer BITS 0.65% $11.5 M 1,588 80.57%

Alternative ETFs in the FactSet Asset Allocation: Global - Target Outcome Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CETF N/A $0.0 N/A N/A
Largest (AUM) AOR 0.15% $1.8 B 232,177 6.67%
Most Liquid (Volume) AOR 0.15% $1.8 B 232,177 6.67%
Top YTD Performer BITS 0.65% $11.5 M 1,588 80.57%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

PSMB ETF Database Category Average FactSet Segment Average
Number of Holdings 17 49 28
% of Assets in Top 10 81.95% 78.82% 79.66%
% of Assets in Top 15 96.27% 85.06% 86.01%
% of Assets in Top 50 99.99% 97.60% 97.33%

Size Comparison

PSMB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 2.80% 0.11%
Mid (>2.7B) N/A 1.09% 0.13%
Small (>600M) N/A 0.38% 0.04%
Micro (<600M) N/A 0.01% 0.00%

PSMB Valuation

This section compares the P/E ratio of this ETF to its peers.

PSMB
P/E Ratio
0.08
ETF Database Category Average
P/E Ratio
0.64
FactSet Segment Average
P/E Ratio
0.35

PSMB Dividend

This section compares the dividend yield of this ETF to its peers.

PSMB ETF Database Category Average FactSet Segment Average
Dividend $ 0.10 $ 0.21 $ 0.27
Dividend Date 2023-03-20 N/A N/A
Annual Dividend Rate $ 0.45 $ 0.68 $ 0.70
Annual Dividend Yield 3.05% 3.37% 3.52%

PSMB Price and Volume Charts

View charts featuring PSMB price and volume data.

PSMB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -5.82 M 3 Month Net Flows: -9.52 M 6 Month Net Flows: -12.32 M 1 Year Net Flows: -1.85 M 3 Year Net Flows: 22.14 M 5 Year Net Flows: 25.89 M 10 Year Net Flows: 25.89 M

PSMB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -14.24 K
1 Month Net AUM Change: -6.27 M
3 Month Net AUM Change: -9.74 M
6 Month Net AUM Change: -11.42 M
1 Year Net AUM Change: -3.57 M
3 Year Net AUM Change: 21.02 M
5 Year Net AUM Change: 24.89 M
10 Year Net AUM Change: 26.24 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PSMB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Diversified Portfolio with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ AOR
Expenses A AOA
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PSMB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

PSMB
Expense Ratio
0.33%
ETF Database Category Average
Expense Ratio
0.84%
FactSet Segment Average
Expense Ratio
0.91%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
6.17/10
ESG Score
43.51%
Global Percentile
5.53%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      4.5%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      224.79
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      4.5%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      4.81%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

PSMB Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

PSMB ETF Database
Category Average
Factset Segment
Average
1 Month Return -1.70% -0.28% -1.08%
3 Month Return 0.25% 2.08% 0.75%
YTD Return 1.97% 4.81% 3.47%
1 Year Return -1.94% -2.49% -3.43%
3 Year Return 6.77% 2.12% 2.69%
5 Year Return 4.97% 0.85% 0.98%

Geographic Exposure

The following charts reflect the geographic spread of PSMB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of PSMB's underlying holdings.

Asset Percentage
U.S. Listed Stocks 48.04%
U.S. Listed Bonds 35.12%
International Stocks 11.84%
Preferred Stock 2.84%
International Bonds 1.82%
Cash 0.34%
Sector Percentage
Miscellaneous 89.77%
Other 10.22%
Market Cap Percentage
Small 0.0%
Large 0.0%
Micro 0.0%
Mid 0.0%
Region Percentage
North, Central and South America 89.77%
Other 10.22%
Region Percentage
Country Percentage
Other 95.18%
United States 4.81%
Credit Percentage
AAA 0.0%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
U.S. Listed Stocks 48.04%
U.S. Listed Bonds 35.12%
International Stocks 11.84%
Preferred Stock 2.84%
International Bonds 1.82%
Cash 0.34%

PSMB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 121.56%
20 Day Volatility 5.24%
50 Day Volatility 5.80%
200 Day Volatility 7.44%
Beta 0.66
Standard Deviation 0.43%
5 Day Volatility
121.56%
Rank
19 of 81

20 Day Volatility
5.24%
Rank
65 of 81

50 Day Volatility
5.80%
Rank
65 of 81

200 Day Volatility
7.44%
Rank
65 of 81

Beta
0.66
Rank
34 of 81

Standard Deviation
0.43%
Rank
58 of 79

Technicals

  • 20 Day MA $14.83
  • 60 Day MA $14.82
  • MACD 15 Period -0.02
  • MACD 100 Period -0.10
  • Williams % Range 10 Day 44.73
  • Williams % Range 20 Day 61.14
  • RSI 10 Day 45
  • RSI 20 Day 46
  • RSI 30 Day 48
  • Ultimate Oscillator 54

Bollinger Bands

  • Lower Bollinger (10 Day) $14.65
  • Upper Bollinger (10 Day) $14.87
  • Lower Bollinger (20 Day) $14.66
  • Upper Bollinger (20 Day) $14.99
  • Lower Bollinger (30 Day) $14.68
  • Upper Bollinger (30 Day) $15.07

Support & Resistance

  • Support Level 1 $14.71
  • Support Level 2 $14.64
  • Resistance Level 1 $14.83
  • Resistance Level 2 $14.88

Stochastic

  • Stochastic Oscillator %D (1 Day) 70.10
  • Stochastic Oscillator %D (5 Day) 52.33
  • Stochastic Oscillator %K (1 Day) 68.57
  • Stochastic Oscillator %K (5 Day) 38.67

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) -0.07
  • Maximum Premium Discount (%) 0.46
  • Average Spread (%) 6.51
  • Average Spread ($) 6.51

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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