PSP

Invesco Global Listed Private Equity ETF
*Unless otherwise stated, data provided by FactSet.

PSP Fund Description

PSP tracks an index of 40 to 60 publicly listed private equity firms.

PSP Factset Analytics Insight

PSP is the largest and most liquid private-equity-focused ETF available on the market. It casts a wider net than peer funds, and captures the publicly listed private equity space differently than our benchmark. The fund underweights some industry classifications, reallocating those assets to some industries we consider outside the segment, like conglomerates. Still, it offers decent coverage of a hard-to-define space. It weights its holdings by market cap, modified to allocate about 65% of its portfolio to late-stage private equity, 25% to midstage and 10% to early-stage. PSP caps individual holding weights at 10% and reconstitutes and rebalances its portfolio quarterly. The fund's distribution yield has at times received an unfortunate assist from falling share prices, so be sure to check the latest data for both total return and yield. Liquidity is fine but nothing special; PSP trades in modest volumes each day with manageable spreads. Larger investors should note that creations and redemptions can impact underlying prices. With a staggeringly high expense ratio that reflects the fund fees of the underlying basket, PSP isn't exactly Efficient, but it's a reasonable offering for a fairly expensive space.

PSP Charts And Performance

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PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PSP 3.94% 9.32% 27.89% 18.65% 11.70% 8.28% 7.64%
PSP (NAV) 4.05% 9.01% 27.69% 18.12% 11.68% 8.42% 9.89%
S&P Listed Private Equity -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PSP Summary Data

Invesco
10/24/06
Open-Ended Fund
1.78%
$203.77M
$1.24M
0.16%

PSP Portfolio Data

$7.66B
15.38
1.26
3.11%
09/23/19
71

PSP Index Data

Tiered
Committee
S&P Listed Private Equity

PSP Portfolio Management

1.78%
--
--
--

PSP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PSP Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

PSP Factset Analytics Block Liquidity

As of 11/20/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PSP. PSP is rated a 3 out of 5.

PSP Tradability

103,852
$1.24M
56,567
$695.00K
0.16%
$0.02
-0.15%
0.59% / -0.63%
None
59.00%
50,000
1.13
0.16%
0.34%
1,113
$12.42
3

PSP Sector/Industry Breakdown


PSP
Segment Benchmark
48.96%
--
15.97%
--
7.11%
--
5.69%
--
4.81%
--
3.48%
--
3.34%
--
2.73%
--
2.13%
--
1.39%
--

PSP Top 10 Holdings[View All]

5.95%
5.67%
5.19%
3.29%
3.10%
2.91%
43.95%

PSP Countries


PSP
Segment Benchmark
39.82%
--
22.67%
--
6.82%
--
6.76%
--
5.62%
--
4.26%
--
4.08%
--
3.34%
--
1.98%
--
1.40%
--

PSP Regions


PSP
Segment Benchmark
49.27%
--
44.08%
--
5.32%
--
1.34%
--

PSP Economic Development


PSP
Segment Benchmark
98.66%
--
1.34%
--

PSP Performance Statistics

--
--
--
--
0.00%
S&P Listed Private Equity

PSP Benchmark Comparison Holdings

71
--
--
0.00%

PSP Benchmark Comparison Summary


PSP
Segment Benchmark
71
--
$7.66B
--
15.38
--
1.26
--
3.90%
--
Medium
High

PSP Benchmark Comparison Market Cap Size


PSP
Segment Benchmark
24.04%
--
38.06%
--
31.45%
--
6.45%
--