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
181.5 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 09, 2004 |
| Assets (mns) | $182 |
| 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 | 10.3 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 8.7 % |
| YUM CHINA HOLDINGS, INC. | 8.1 % |
| JD.COM INC-ADR | 8.0 % |
| BAIDU INC - SPON ADR | 7.2 % |
| FULL TRUCK ALLIANCE CO LTD ADR | 6.2 % |
| NIO INC. SPONSORED ADR CLASS A | 4.5 % |
| ZTO EXPRESS (CAYMAN) INC. SPONSORED ADR | 4.4 % |
| NETEASE.COM INC-ADR | 4.1 % |
| KE HOLDINGS, INC. SPONSORED ADR CLASS A | 3.9 % |
Constituent Breakdown
| Number of holdings | 65 |
| Herfindahl-Hirschman Index | 554 |
| Wgt avg mkt cap (mns) | $37,014 |
| Large cap (>$10bn) | 66.4% |
| Mid cap ($2-10bn) | 24.9% |
| Small cap (<$2bn) | 8.1% |
| Developed mkts. | 6.9% |
| Emerging mkts. | 93.1% |
Country Exposure
 |
CHINA | 96.9 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.3% | 14.2% | 11.0% | -9.3% | -2.4% | 1.0% | 4.9% | Volatility | 30.0% | 31.0% | 41.2% | 49.9% | 43.8% | 35.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.43 | 3% |
| MSCI EAFE | 0.99 | 16% |
| MSCI Emg Mkts | 1.89 | 56% |
Liquidity Measures
| Avg. volume (000) | 203 |
| Turnover | 3.5% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $3,202 |
Technical Indicators
| Recent close | $31.37 |
| 30d moving avg. | $22.69 |
| Annualized volatility | 43.8% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 3.8% |
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. PGJ |
Expenses vs. PGJ |
ALTAR Score™ vs. PGJ |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 19.9% | -1 bp | -5.0% |
| EBIZ | Global X E-Commerce ETF | 19.3% | -20 bp | -1.8% |
| CGRO | CoreValues Alpha Greater China Growth ETF | 18.1% | +5 bp | -2.1% |
| SOCL | Global X Social Media ETF | 13.5% | -5 bp | -9.4% |
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 10/4/2024
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PGJ
3.8%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
3.9%. PGJ's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places PGJ in the 18th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PGJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| PGJ (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 | 13.2 | 83.2 |
| Peer Avg. | 56.1 | 21.3 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .