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
60 bp
EXPENSES
$372.9 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 23, 2005 |
Assets (mns) | $373 |
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 | 8.3 % |
ADVANCED MICRO DEVICES | 7.8 % |
META PLATFORMS INC | 7.8 % |
NVIDIA CORP | 7.5 % |
QUALCOMM INC | 5.8 % |
ADOBE SYSTEMS INC | 5.5 % |
INTUITIVE SURGICAL INC | 5.0 % |
INTEL CORP | 4.6 % |
MICRON TECHNOLOGY INC | 3.7 % |
KEYENCE CORP | 3.3 % |
Constituent Breakdown
Number of holdings | 95 |
Herfindahl-Hirschman Index | 444 |
Wgt avg mkt cap (mns) | $427,989 |
Large cap (>$10bn) | 95.2% |
Mid cap ($2-10bn) | 4.4% |
Small cap (<$2bn) | 0.4% |
Developed mkts. | 95.3% |
Emerging mkts. | 4.7% |
Country Exposure
UNITED STATES | 85.1 % | |
JAPAN | 5.1 % | |
SOUTH KOREA | 2.6 % | |
TAIWAN | 1.4 % | |
BRITAIN | 1.1 % | |
FRANCE | 0.9 % | |
SWEDEN | 0.8 % | |
IRELAND | 0.7 % | |
SWITZERLAND | 0.7 % | |
CHINA | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.3% | -50.8% | -23.1% | -29.8% | -9.8% | 4.4% | 7.4% | Volatility | 22.6% | 21.0% | 24.0% | 26.9% | 28.4% | 24.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.92 | 13% |
MSCI EAFE | 0.67 | 7% |
MSCI Emg Mkts | 0.16 | 0% |
Liquidity Measures
Avg. volume (000) | 71 |
Turnover | 0.8% |
Avg. Bid/Ask (% of price) | 0.29% |
ADV of underlying (mns) | $105,989 |
Technical Indicators
Recent close | $43.73 |
30d moving avg. | $47.99 |
Annualized volatility | 46.1% |
Relative strength (RSI) | 61 |
Short interest (ETF) | 1.4% |
Short interest (underlying) | 6.2% |
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. IGPT |
Expenses vs. IGPT |
ALTAR Score™ vs. IGPT |
---|---|---|---|---|
FMET | Fidelity Metaverse ETF | 41.0% | -21 bp | +0.8% |
GGME | Invesco Next Gen Media and Gaming ETF | 38.8% | 0 bp | -0.4% |
CHAT | Roundhill Generative AI & Technology ETF | 36.9% | +15 bp | -0.2% |
IGM | iShares Expanded Tech Sector ETF | 34.6% | -19 bp | +0.3% |
TECB | iShares U.S. Tech Breakthrough Multisector ETF | 34.1% | -20 bp | +0.0% |
SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 32.8% | -20 bp | +0.4% |
SMH | VanEck Semiconductor ETF | 31.4% | -25 bp | +0.4% |
SOXX | iShares Semiconductor ETF | 30.9% | -25 bp | +1.2% |
DRUP | GraniteShares Nasdaq Select Disruptors ETF | 30.0% | 0 bp | -0.3% |
WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 29.3% | -15 bp | -1.1% |
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 7/25/2024
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
IGPT
4.3%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.3% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. IGPT's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places IGPT in the 27th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IGPT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .