The goal of PSMG is to provide long-term capital appreciation by allocating through a growth investment style that seeks to maximize diversification potential. In essence, PSMG is a “fund of funds,” meaning that it invests its assets in the shares of other ETFs as opposed to securities of individual companies.
Per the fund’s description, here is a breakdown of its target allocation of total assets:
- 65%-95% in equity ETFs
- 5%-35% in fixed income ETFs
- 15%-35% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs)
Invesco Advisers Inc. selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes. By using a filter of both quantitative and qualitative filters, ETF investors can have peace of mind knowing that the fund has quality investments.
PSMG’s total expense ratio comes in at 0.36%, which falls below its categorical average of 0.52% according to Yahoo Finance.Analyzing PSMG Fundamentals
With a rotation from growth to value, PSMG is currently skewed towards that direction, but there’s also a nice mix of blended factors and mid-caps. Speaking to the latter, mid-caps offer investors a healthy median of growth and value-fueled investments.
Large-Cap Value | 12.05% |
Large-Cap Blend | 15.94% |
Large-Cap Growth | 9.69% |
Mid-Cap Value | 13.71% |
Mid-Cap Blend | 14.06% |
Mid-Cap Growth | 6.51% |
Small-Cap Value | 10.73% |
Small-Cap Blend | 14.00% |
Small-Cap Growth | 3.30% |
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