PSP
Invesco Global Listed Private Equity ETF

Price: $70.75
Change: $0.9 (-0.01%)
Category: Global Equities
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 1.79%
ETF Home Page Home page
Inception Oct 24, 2006

Analyst Report

This ETF is among the more unique exchange-traded products available to U.S. investors; it offers a way to invest in publicly-traded private equity firms. This sector of the market likely receives little allocation in most portfolios, and as such PSP can offer access to an asset class that most investors generally overlook. It should be noted that private equity firms can exhibit significant volatility, and the downside risks in unfavorable environments can be significant. However, the opportunity to gain indirect exposure to hundreds of private companies that may maintain promising growth characteristics has obvious appeal, and as such PSP may be worth a closer look for risk tolerant investors. There are some other similar options out there; BDCS, structured as an ETN, has some overlap but is different in several ways as well.

ETF Database Themes

Category Global Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Financials
Sector (Specific) Private Equity
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Equity: Global Asset Management & Custody Banks
Category Sector
Focus Financials
Niche Asset Management & Custody Banks
Strategy Vanilla
Weighting Scheme Tiered

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $53.12
  • 52 Week Hi $71.97
  • AUM $287.6 M
  • Shares 4.0 M

Historical Trading Data

  • 1 Month Avg. Volume 28,455
  • 3 Month Avg. Volume 19,726

Alternative ETFs in the ETF Database Global Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest WEED 0.00% $3.4 M 7,400 -47.55%
Largest (AUM) DFAI 0.18% $7.4 B 843,012 7.83%
Most Liquid (Volume) EWC 0.50% $2.9 B 2 M 15.98%
Top YTD Performer ILDR 0.76% $53.4 M 10,574 34.36%

Alternative ETFs in the FactSet Equity: Global Asset Management & Custody Banks Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest PEX 2.99% $13.0 M 3,149 13.67%
Largest (AUM) PEX 2.99% $13.0 M 3,149 13.67%
Most Liquid (Volume) PEX 2.99% $13.0 M 3,149 13.67%
Top YTD Performer PEX 2.99% $13.0 M 3,149 13.67%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

PSP ETF Database Category Average FactSet Segment Average
Number of Holdings 64 304 47
% of Assets in Top 10 47.74% 42.71% 56.19%
% of Assets in Top 15 64.23% 51.43% 70.86%
% of Assets in Top 50 97.04% 80.11% 98.51%

Size Comparison

PSP ETF Database Category Average FactSet Segment Average
Large (>12.9B) 46.99% 54.36% 33.86%
Mid (>2.7B) 30.83% 16.79% 35.46%
Small (>600M) 12.45% 6.83% 18.21%
Micro (<600M) 1.47% 1.54% 0.74%

PSP Valuation

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

PSP
P/E Ratio
14.89
ETF Database Category Average
P/E Ratio
8.26
FactSet Segment Average
P/E Ratio
7.49

PSP Dividend

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

PSP ETF Database Category Average FactSet Segment Average
Dividend $ 0.51 $ 0.28 $ 0.86
Dividend Date 2024-09-23 N/A N/A
Annual Dividend Rate $ 5.31 $ 0.71 $ 4.60
Annual Dividend Yield 7.46% 2.10% 10.48%

PSP Price and Volume Charts

View charts featuring PSP price and volume data.

PSP Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 10.64 M 1 Month Net Flows: 17.74 M 3 Month Net Flows: 17.74 M 6 Month Net Flows: 17.47 M 1 Year Net Flows: 30.82 M 3 Year Net Flows: 43.04 M 5 Year Net Flows: 78.04 M 10 Year Net Flows: -273.08 M

PSP 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: 11.2 M
1 Month Net AUM Change: 23.47 M
3 Month Net AUM Change: 46.83 M
6 Month Net AUM Change: 44.06 M
1 Year Net AUM Change: 80.54 M
3 Year Net AUM Change: 7.13 M
5 Year Net AUM Change: 79.78 M
10 Year Net AUM Change: -266.85 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PSP 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 Global Equities 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 A EWC
Expenses C SPGM
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PSP Expenses & Fees

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

Expenses Ratio Analysis

PSP
Expense Ratio
1.79%
ETF Database Category Average
Expense Ratio
0.65%
FactSet Segment Average
Expense Ratio
2.39%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
5.27/10
ESG Score
24.99%
Global Percentile
16.62%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      1.31%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      2.61
      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 (%)
      1.31%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      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

PSP Performance

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

PSP ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.18% 0.09% 0.42%
3 Month Return 11.34% 4.30% 8.74%
YTD Return 22.22% 11.57% 17.95%
1 Year Return 30.40% 14.62% 23.82%
3 Year Return 5.26% 0.96% 3.76%
5 Year Return 11.35% 2.75% 8.72%

Geographic Exposure

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

Region Percentage
North, Central and South America 51.54%
Europe 46.6%
Asia Pacific 1.75%
Other 0.11%
Country Percentage
United States 46.02%
United Kingdom 20.44%
Sweden 6.5%
Switzerland 5.61%
Canada 5.33%
Belgium 4.45%
France 3.63%
Netherlands 3.51%
Japan 1.27%
Bermuda 1.05%
Germany 0.8%
Italy 0.61%
South Korea 0.48%
Other 0.3%

Holdings Analysis

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

Sector Percentage
Finance 92.18%
Miscellaneous 2.33%
Consumer Services 1.88%
Industrial Services 1.14%
Technology Services 1.02%
Consumer Non-Durables 0.61%
Commercial Services 0.51%
Producer Manufacturing 0.22%
CASH 0.11%
Market Cap Percentage
Large 46.99%
Mid 30.83%
Small 12.45%
Micro 1.47%
Region Percentage
Asset Percentage
Share/Common/Ordinary 92.65%
Closed-ended Fund 7.05%
Open-ended Fund 0.19%
CASH 0.11%
Sector Percentage
Finance 92.18%
Miscellaneous 2.33%
Consumer Services 1.88%
Industrial Services 1.14%
Technology Services 1.02%
Consumer Non-Durables 0.61%
Commercial Services 0.51%
Producer Manufacturing 0.22%
CASH 0.11%

PSP Technicals

Volatility Analysis

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

5 Day Volatility 20.27%
20 Day Volatility 10.96%
50 Day Volatility 15.89%
200 Day Volatility 19.45%
Beta 1.33
Standard Deviation 4.33%
5 Day Volatility
20.27%
Rank
74 of 94

20 Day Volatility
10.96%
Rank
37 of 94

50 Day Volatility
15.89%
Rank
19 of 94

200 Day Volatility
19.45%
Rank
20 of 94

Beta
1.33
Rank
6 of 84

Standard Deviation
4.33%
Rank
3 of 90

Technicals

  • 20 Day MA $70.62
  • 60 Day MA $68.98
  • MACD 15 Period -0.40
  • MACD 100 Period 4.09
  • Williams % Range 10 Day 88.41
  • Williams % Range 20 Day 32.82
  • RSI 10 Day 51
  • RSI 20 Day 55
  • RSI 30 Day 56
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $70.80
  • Upper Bollinger (10 Day) $71.71
  • Lower Bollinger (20 Day) $68.56
  • Upper Bollinger (20 Day) $72.59
  • Lower Bollinger (30 Day) $66.98
  • Upper Bollinger (30 Day) $72.84

Support & Resistance

  • Support Level 1 $70.41
  • Support Level 2 $70.06
  • Resistance Level 1 $71.28
  • Resistance Level 2 $71.80

Stochastic

  • Stochastic Oscillator %D (1 Day) 42.61
  • Stochastic Oscillator %D (5 Day) 34.16
  • Stochastic Oscillator %K (1 Day) 47.01
  • Stochastic Oscillator %K (5 Day) 42.25

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.05
  • Maximum Premium Discount (%) 1.01
  • Average Spread (%) 27.53
  • Average Spread ($) 27.53

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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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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.

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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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