PGJ
Invesco Golden Dragon China ETF
Invesco Golden Dragon China Portfolio seeks investment results that correspond to the price and yield of the NASDAQ Golden Dragon China Index. The index is composed of US exchange-listed companies that are headquartered in China.
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Dec 09, 2004 |
Assets (mns) | $148 |
Expense ratio | 70 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Depository Receipts |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 7.9 % |
TRIP.COM GROUP LTD. SPONSORED ADR | 7.6 % |
BAIDU INC - SPON ADR | 7.3 % |
YUM CHINA HOLDINGS, INC. | 7.2 % |
NETEASE.COM INC-ADR | 6.6 % |
JD.COM INC-ADR | 4.8 % |
ZTO EXPRESS (CAYMAN) INC. SPONSORED ADR | 4.5 % |
TENCENT MUSIC ENTERTAINMENT GROUP ADR CL | 4.3 % |
KE HOLDINGS, INC. SPONSORED ADR CLASS A | 4.1 % |
NEW ORIENTAL EDUCATION & TECHNOLOGY GROU | 4.0 % |
Constituent Breakdown
Number of holdings | 51 |
Herfindahl-Hirschman Index | 467 |
Wgt avg mkt cap (mns) | $36,249 |
Large cap (>$10bn) | 73.0% |
Mid cap ($2-10bn) | 19.3% |
Small cap (<$2bn) | 7.1% |
Developed mkts. | 5.7% |
Emerging mkts. | 94.3% |
Country Exposure
CHINA | 94.2 % | |
CANADA | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 02/29/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.0% | -6.6% | -9.4% | -28.7% | -7.2% | -1.1% | 4.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.38 | 2% |
MSCI EAFE | 0.90 | 12% |
MSCI Emg Mkts | 1.91 | 56% |
Liquidity Measures
Avg. volume (000) | 72 |
Turnover | 1.2% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $3,871 |
Technical Indicators
Recent close | $24.51 |
30d moving avg. | $25.96 |
Annualized volatility | 44.9% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.7% |
Short interest (underlying) | 3.8% |
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. PGJ |
Expenses vs. PGJ |
ALTAR Score™ vs. PGJ |
---|---|---|---|---|
CGRO | CoreValues Alpha Greater China Growth ETF | 28.4% | +5 bp | -2.7% |
KWEB | KraneShares CSI China Internet ETF | 21.7% | -1 bp | -6.1% |
EBIZ | Global X E-Commerce ETF | 18.6% | -20 bp | -4.4% |
SOCL | Global X Social Media ETF | 12.4% | -5 bp | -12.5% |
DINT | Davis Select International ETF | 10.8% | -15 bp | -0.4% |
CHIQ | Global X MSCI China Consumer Discretionary ETF | 10.3% | -5 bp | +0.4% |
TCHI | iShares MSCI China Multisector Tech ETF | 10.2% | -11 bp | -2.3% |
Risk and Returns: PGJ 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 3/27/2024
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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
PGJ
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™
PGJ
5.4%
Cat. Avg
6.2%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.4% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 165 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 6.2% and a standard deviation of
4.9%. PGJ's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places PGJ in the 44th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PGJ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
PGJ | 70.0 | 13.2 | 83.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .