PSMM ETF — Holdings & Analysis

With an expense ratio of 0.35%, PSMM seeks diversification by investing 25%-55% in equity ETFs and 45%-75% in fixed income ETFs. PSMM's approach to multi-asset allocation distinguishes it, providing a blend of growth and income through a single investment vehicle. Past performance does not guarantee future results.

Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) ETF — Price, Holdings & Analysis

The Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) is a $0.02 billion fund employing a moderately conservative investment style by allocating assets across both equity and fixed-income ETFs. With an expense ratio of 0.35%, PSMM seeks diversification by investing 25%-55% in equity ETFs and 45%-75% in fixed income ETFs. PSMM's approach to multi-asset allocation distinguishes it, providing a blend of growth and income through a single investment vehicle. Past performance does not guarantee future results.

ETF Overview

The fund seeks to achieve its investment objective by allocating its assets using a moderately conservative investment style that seeks to maximize the benefits of diversification, which focuses on investing portions of its assets in underlying ETFs that invest primarily in equity securities, as well as in underlying ETFs that invest primarily in fixed-income securities. Specifically, the fund's target allocation is to invest approximately 25%-55% of its total assets in equity ETFs and approximately 45%-75% of its total assets in fixed income ETFs.

PSMM aims to maximize diversification by investing in underlying ETFs that focus on both equity and fixed-income securities. The fund targets a 25%-55% allocation to equity ETFs and a 45%-75% allocation to fixed-income ETFs. This strategy seeks to provide a balance between growth potential and capital preservation, making it suitable for investors with a moderately conservative risk tolerance. The fund's top holdings include the Invesco 1-30 Laddered Treasury ETF (GOVI) at 12.82%, the Invesco Taxable Municipal Bond ETF (BAB) at 11.84%, and the Invesco RAFI™ Strategic US ETF (IUS) at 9.32%. Sector allocation is diverse, with significant exposure to Healthcare (16.0%), Technology (14.3%), and Financial Services (12.2%). PSMM's multi-asset approach differentiates it from single-asset class ETFs, offering a potentially smoother investment experience through diversification. Past performance does not guarantee future results.

Risk Metrics

PSMM, with a 3-year beta of 0.79, indicates lower volatility compared to the broader market. The fund's expense ratio of 0.35% introduces a minor drag on returns, which should be considered. Sector concentration is present, with Healthcare and Technology comprising approximately 30.3% of the portfolio, potentially increasing sensitivity to sector-specific risks. The fund's allocation to underlying ETFs mitigates some concentration risk, but investors should be aware of the risks associated with the individual holdings within those ETFs. Given the fund's multi-asset approach, risks are diversified across equity and fixed-income markets. Past performance does not guarantee future results.

Expense Ratio

0.35%

What does PSMM hold?

Holding	Weight
Invesco 1-30 Laddered Treasury ETF (GOVI)	12.82%
Invesco Taxable Municipal Bond ETF (BAB)	11.84%
Invesco RAFI™ Strategic US ETF (IUS)	9.32%
Invesco Fundamental Hi Yld® Corp Bd ETF (PHB)	9.15%
Invesco Variable Rate Investment Grd ETF (VRIG)	9.07%
Invesco S&P 500® Pure Growth ETF (RPG)	8.27%
Invesco Shrt-Trm Inv Gov&Agcy Instl (AGPXX)	7.49%
Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP)	6.17%
Invesco Russell 1000® Dynamic Mltfct ETF (OMFL)	5.48%
Invesco Senior Loan ETF (BKLN)	3.97%

How Is the Fund Allocated?

Sector	Weight
Healthcare	16.0%
Technology	14.3%
Financial Services	12.2%
Energy	10.7%
Consumer Defensive	10.6%
Industrials	10.6%
Consumer Cyclical	7.6%
Communication Services	5.5%
Utilities	5.1%
Basic Materials	4.6%
Real Estate	2.8%
Cash & Others	0.0%

Country	Weight
Other	100.0%

Dividend Yield

3.44%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% 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
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco S&P 500 QVM Multi-factor ETF (QVML) (Equity) — 0.11% 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 Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) (Equity) — 0.60% expense ratio

Risk Metrics

Beta: 0.79

Questions & Answers

What is PSMM and what does it track?

The Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) is a fund that seeks to achieve its investment objective by allocating its assets using a moderately conservative investment style.

It focuses on diversification by investing in underlying ETFs that primarily hold equity and fixed-income securities. The fund's target allocation is approximately 25%-55% in equity ETFs and 45%-75% in fixed-income ETFs.

What is the expense ratio for PSMM?

The expense ratio for the Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) is 0.35%. This means that for every $10,000 invested in the fund, investors will pay $35 in annual fees.

While there isn't a defined category average for multi-asset allocation ETFs, this expense ratio is relatively competitive compared to actively managed funds with similar strategies.

What are the top holdings in PSMM?

As of 2026-03-15, the top holdings in the Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) are: 1) Invesco 1-30 Laddered Treasury ETF (GOVI) — 12.82%, 2) Invesco Taxable Municipal Bond ETF (BAB) — 11.84%, 3) Invesco RAFI™ Strategic US ETF…

(IUS) — 9.32%, 4) Invesco Fundamental Hi Yld® Corp Bd ETF (PHB) — 9.15%, and 5) Invesco Variable Rate Investment Grd ETF (VRIG) — 9.07%.

Is PSMM a good long-term investment?

Whether PSMM is a suitable long-term investment depends on an individual investor's risk tolerance, investment goals, and time horizon.

The fund's moderately conservative approach, with its allocation to both equity and fixed-income ETFs, may provide a more stable investment experience compared to pure equity funds. PSMM has a 3-year beta of 0.79, indicating lower volatility than the overall market.

How does PSMM compare to similar ETFs?

PSMM differentiates itself through its specific allocation strategy within the multi-asset space, primarily utilizing Invesco ETFs. Its expense ratio of 0.35% is competitive within the broader category of actively managed allocation funds.

With AUM of $0.02 billion, PSMM is smaller than some of the larger, more established multi-asset ETFs.

Does PSMM pay dividends?

Yes, the Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) pays dividends. As of 2026-03-15, the fund has a dividend yield of 3.44%. This yield represents the annual dividend payment as a percentage of the fund's current net asset value (NAV).