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
$ 988.2 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Jun 23, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICRON TECHNOLOGY INC | 20.9 % |
| ADVANCED MICRO DEVICES | 14.3 % |
| ALPHABET INC. CLASS A | 8.1 % |
| INTEL CORP | 6.7 % |
| HYNIX SEMICONDUCTOR INC | 5.7 % |
| NVIDIA CORP | 5.4 % |
| WESTERN DIGITAL CORP | 4.3 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 3.7 % |
| MEDIATEK INC | 3.7 % |
| META PLATFORMS INC | 3.5 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 402 |
| Wgt avg mkt cap (mns) | $887,533 |
| Large cap (>$10bn) | 104.4% |
| Mid cap ($2-10bn) | 2.0% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 95.0% |
| Emerging mkts. | 11.6% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 86.9 % |
 |
SOUTH KOREA | 5.7 % |
 |
TAIWAN | 5.2 % |
 |
IRELAND | 3.7 % |
 |
JAPAN | 2.2 % |
 |
BRITAIN | 1.3 % |
 |
CHINA | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 75.0% | 111.8% | 48.1% | 42.6% | 13.6% | 21.6% | 15.5% | 15.5% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.7% | 0.9% | 0.5% | 0.4% |
| Total Returns | 75.0% | 111.8% | 48.1% | 42.6% | 15.4% | 22.6% | 16.0% | 15.9% | Ann. Volatility | 42.2% | 33.7% | 32.5% | 29.2% | 28.8% | 26.9% | 24.7% | 24.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.17 | 63% |
| MSCI EAFE | 1.41 | 41% |
| MSCI Emg Mkts | 1.30 | 75% |
Liquidity Measures
| Avg. volume (000) | 237 |
| ADV traded (mns) | $23 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $96.96 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 2.21/3.25 |
| Bollinger Bands (Upper/Lower) | $108.32/$90.34 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IGPT |
Expenses vs. IGPT |
ALTAR Score™ vs. IGPT |
|---|---|---|---|---|
| CHPS | Xtrackers Semiconductor Select Equity ETF | 50.6% | -45 bp | -0.2% |
| CHPX | Global X AI Semiconductor & Quantum ETF | 46.5% | -10 bp | -0.9% |
| AOTG | AOT Growth and Innovation ETF | 39.6% | +15 bp | -0.7% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 37.3% | +8 bp | +0.7% |
| SOXQ | Invesco PHLX Semiconductor ETF | 37.1% | -41 bp | -0.9% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 36.9% | -11 bp | +2.3% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 36.0% | -20 bp | -0.9% |
| SMH | VanEck Semiconductor ETF | 35.9% | -25 bp | -0.7% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 35.1% | 0 bp | -1.0% |
| SPMO | Invesco S&P 500 Momentum ETF | 34.4% | -47 bp | +0.5% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 7/5/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
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
3.1%
ALTAR SCORE™
14th
PERCENTILE
AVOID
ETFRC RATING
There are 1,395 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. IGPT's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places IGPT in the 14th percentile
among funds in the category.
Sell-Side Consensus
$111.01
PRICE TARGET
+16.5%
UPSIDE