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.


Emerging Market

EQUITY

Passive

MANAGEMENT STYLE

140.0 M

ASSETS UNDER MGMT

70 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateDec 09, 2004
Assets (mns)$140
Expense ratio70 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionDepository Receipts
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
YUM CHINA HOLDINGS, INC. 7.7 %
JD.COM INC-ADR 7.7 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 7.6 %
NETEASE.COM INC-ADR 6.9 %
BAIDU INC - SPON ADR 6.3 %
TENCENT MUSIC ENTERTAINMENT GROUP ADR CL 4.3 %
FULL TRUCK ALLIANCE CO LTD ADR 3.8 %
KE HOLDINGS, INC. SPONSORED ADR CLASS A 3.8 %
KANZHUN LTD. SPONSORED ADR 3.5 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 3.4 %
Constituent Breakdown
Number of holdings50
Herfindahl-Hirschman Index 415
Wgt avg mkt cap (mns)$37,928
Large cap (>$10bn)59.0%
Mid cap ($2-10bn)23.4%
Small cap (<$2bn)8.2%
Developed mkts.0.6%
Emerging mkts.88.4%
Country Exposure
CHINA 88.2 %
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 8.5% 27.6% 3.2% -4.5% -10.3% -1.7% 3.7% 3.3%
Dividend Yield 0.0% 1.2% 3.9% 2.7% 1.6% 1.3% 1.3% 1.3%
Total Returns 8.5% 28.7% 7.1% -1.8% -8.7% -0.3% 5.0% 4.6%
Ann. Volatility 35.8% 38.2% 34.4% 39.2% 44.9% 37.1% 35.2% 34.8%
Market Correlations
versus...BetaR-squared
S&P 5000.696%
MSCI EAFE1.4026%
MSCI Emg Mkts2.2670%
Liquidity Measures
Avg. volume (000)26
ADV traded (mns)$1
Turnover0.5%
Avg. Bid/Ask (% of price)0.13%
Technical Indicators
Recent close$28.51
30d moving avg.$28.33
Annualized volatility45.6%
Relative strength (RSI)52
Short interest1.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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.
Expenses
vs.
ALTAR Score™
vs.
KWEB KraneShares CSI China Internet ETF   21.2%   -1 bp +26.4%
EBIZ Global X E-Commerce ETF   16.7%   -20 bp +4.1%
SOCL Global X Social Media ETF   15.1%   -5 bp +9.4%
CGRO CoreValues Alpha Greater China Growth ETF   11.4%   +5 bp +4.9%
Risk and Returns: 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
  2020 2021 2022 2023 2024 2025 2026  
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 2024 2025 2026
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 7/1/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

PGJ

13.0%

Cat. Avg

8.2%


ALTAR Score™ Calculation

Category Overview
There are 118 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.7%. PGJ's ALTAR Score™ is approximately 1.8 standard deviations above the category average. This places PGJ in the 96th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PGJ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Emerging Market Equity ETFs
# of ETFs 53
Avg. Expense Ratio 52.8 bp
Std. Deviation 23.2 bp
(70 bp) Percentile rank 78
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PGJ 70.0 0.0 70
Peer Avg. 55.9 19.8 75.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .