PSJ ETF — Holdings & Analysis
The Invesco Dynamic Software ETF (PSJ) is a $0.20 billion fund seeking to replicate the performance of U.S. software companies. PSJ's expense ratio is 0.50%.
The fund's non-diversified approach allows for concentrated exposure to its underlying index, differentiating it from broader technology ETFs. PSJ's top holdings include The Trade Desk Inc Class A (6.06%), Workday Inc Class A (5.45%), and HubSpot Inc (5.35%).
Invesco Dynamic Software ETF (PSJ) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does PSJ hold?
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Technology | 70.8% |
| Communication Services | 17.7% |
| Real Estate | 4.0% |
| Healthcare | 3.9% |
| Industrials | 3.3% |
| Cash & Others | 0.2% |
| Financial Services | 0.2% |
| Country | Weight |
|---|---|
| China | 1.2% |
| United States | 78.9% |
| Other | 0.2% |
| United Kingdom | 0.8% |
| Taiwan (Province of China) | 3.8% |
| Japan | 3.1% |
| Switzerland | 0.6% |
| Germany | 0.1% |
| Singapore | 0.1% |
| Korea (the Republic of) | 8.0% |
Dividend Yield
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio
- Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
- Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
- Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio
- Invesco Taxable Municipal Bond ETF (BAB) (Fixed Income) — 0.28% expense ratio
- Invesco Dividend Achievers ETF (PFM) (Equity) — 0.52% expense ratio
- Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio
Risk Metrics
- Beta: 0.98
Questions & Answers
What is PSJ and what does it track?
The Invesco Dynamic Software ETF (PSJ) is an exchange-traded fund that seeks to replicate the investment results of the Dynamic Software Intellidex Index. This index is composed of common stocks of U.S. software companies.
These companies are principally engaged in the research, design, production or distribution of products or processes that relate to software applications and systems and information-based services.
What is the expense ratio for PSJ?
The expense ratio for PSJ is 0.50%. This means that for every $10,000 invested in the fund, investors will pay $50 in annual fees.
While this provides exposure to a specific segment of the market, the expense ratio is higher than some broad market ETFs. Investors should consider the expense ratio in relation to the potential returns and the benefits of targeted software exposure.
What are the top holdings in PSJ?
As of March 15, 2026, the top holdings in PSJ are The Trade Desk Inc Class A (TTD) at 6.06%, Workday Inc Class A (WDAY) at 5.45%, HubSpot Inc (HUBS) at 5.35%, Snap Inc Class A (SNAP) at 5.14%, and…
Synopsys Inc (SNPS) at 5.10%.
Is PSJ a good long-term investment?
Whether PSJ is a suitable long-term investment depends on an investor's individual circumstances and risk tolerance. PSJ offers targeted exposure to the software industry, which has the potential for growth but also carries specific risks.
The fund's expense ratio of 0.50% and non-diversified nature should be considered. With a beta of 0.98, PSJ's volatility is similar to the overall market. Past performance does not guarantee future results.
How does PSJ compare to similar ETFs?
PSJ differentiates itself through its dynamic selection process and focus on U.S. software companies. Other technology ETFs may have broader mandates, including hardware or semiconductors, or may have different weighting methodologies.
PSJ's AUM is $0.20 billion, which may be smaller than some of its competitors. The expense ratio of 0.50% is also a factor to consider when comparing PSJ to other ETFs with similar investment objectives.
Does PSJ pay dividends?
Yes, PSJ does pay dividends. The current dividend yield for PSJ is 0.18% as of March 15, 2026. This yield may vary over time depending on the performance of the underlying holdings and the fund's distribution policy.
Investors seeking income may want to consider other ETFs with higher dividend yields.