Invesco Global Listed Private Equity ETF (PSP) Stock

PSP

Invesco Global Listed Private Equity ETF PSP · AMEX

$56.23 -0.74% (-$0.42)

Summary

Invesco Global Listed Private Equity ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 76. The ten largest make up 44% of the fund.

Yearly costs: 1.75%
Fund size: $209.7M
Positions: 76
Dividend yield: 5.59%
Running since: 2006

What speaks for it

It has been running since 2006.

What to watch

90% of the fund is in one sector (Financials).
Costs of 1.75% a year are above the middle of comparable funds (0.44%).
In the last five years its price once dropped by 50% from its high.

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: -4.2%
3 months: -2.6%
This year: -16%
1 year: -17%
3 years: +17%
5 years: -31%
10 years: +6.3%

Avg. market cap: $21.2B
P/E: 15.8x
Forward P/E: 13.1x
P/S: 1.7x
P/B: 1.3x
P/FCF: 11.3x
EV/EBITDA: -
Dividend yield: 4.61%
ROIC: -
ROE: 16.0%
Gross margin: -
Operating margin: 47.1%
Net margin: 34.1%
Payout ratio: 73.0%
Net debt/EBITDA: -
Beta: 1.27

Weighted average of the 43 largest companies, which make up 75% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Moderately concentrated

1 3i Group PLC 4.8%
2
SO
Sofina Société Anonyme SOF.BR 4.7%
3
EQ
EQT AB (publ) EQT.ST 4.6%
4
HA
HAL Trust HALFF 4.6%
5
PG
Partners Group Holding AG PGHN.SW 4.5%
6
TP
TPG TPG 4.3%
7
KK
KKR & Co. Inc. KKR 4.3%
8
BX
Blackstone BX 4.2%
9
CV
CVC Capital Partners PLC CVC.AS 4.0%
10
OW
Blue Owl Capital Inc. OWL 3.8%

Positions in the fund: 76. The ten largest make up 44% of it.

Composition as of Oct 17, 2026.

Where is it spread?

One sector dominates

By sector

Financials 90%
Industrials 5.9%
Consumer defensive 3.2%
Healthcare 0.4%
Technology 0.3%
Other 0.4%

By country

United States 43%
United Kingdom 15%
Sweden 6.7%
Belgium 5.5%
Other countries 29%

By company size

Large cap 59%
Mid cap 28%
Small cap 12%
Micro cap 0.3%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 75% of the fund.

Largest sector: Financials (90%). Largest country: United States (43%). Largest size group: Large cap (59%).

What does it cost me?

Expensive

This fund 1.75%

Middle of comparable ETFs 0.44%

A year from $10,000: $175
Over 20 years: $7,575

From every $10,000 invested the fund takes $175 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $7,575.

How has it done?

Growing slowly

+15%

-39%

+32%

+7.3%

+0.4%

20212022202320242025

A year on average, 10 years: +0.6%
Deepest drop: -50%
Yearly volatility: 21%

Average yearly growth over the last ten years: 0.6%. Deepest drop in these years: 50% below the earlier high.

Does it pay dividends?

Yes, it pays out

1.60

0.27

1.57

5.75

3.94

20212022202320242025

Yield: 5.59%
Payments a year: 4
Last payment: $0.40

Over the last 12 months it paid $3.14 per share, which is 5.59% of today's price. The last payment was $0.40 on Sep 21, 2026.

Is it easy to buy and sell?

Yes

Traded a day: $1.84M
Shares a day: 33K

On an average day about $1.84M of the fund changes hands.

How expensive are the companies inside?

Usual valuation

P/E of the companies inside: 15.8
Average Bulios Score: 63 out of 100

Weight by Bulios Fair Price

Undervalued 61%
Fairly valued 20%
Overvalued 19%

On average the companies inside trade for 15.8 times their yearly profit. By Fair Price, 61% of the rated weight comes out as undervalued.

Counted from its largest companies (43), which make up 75% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
IP IPRA.AS iShares Listed Private Equity UCITS ETF	Ireland	0.75%	$1.25B	-16%	Reinvests	45%
IQ IQQL.DE iShares Listed Private Equity UCITS ETF	Ireland	0.75%	$1.21B	-16%	Pays out	45%
GP GPZ VanEck Alternative Asset Manager ETF	United States	0.40%	$232.7M	-19%	Pays out	35%
LP LPEFX ALPS Global Opportunity Fund· mutual fund	United States	1.86%	$39.7M	-21%	Pays out	34%
LB LBO WHITEWOLF Publicly Listed Private Equity ETF	United States	6.53%	$6.05M	-17%	Pays out	28%
NG NGPE.TO NBI Global Private Equity ETF Trust Units	Canada	0.63%	$258.3M	-17%	Reinvests	26%

About the fund

The Invesco Global Listed Private Equity ETF (referred to as the Fund) aims to mirror the performance of the Red Rocks Global Listed Private Equity Index (the Index). Typically, the Fund allocates at least 90% of its assets to the securities found within this Index, which encompass American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). The Index itself is composed of 40 to 75 publicly traded private equity firms, including business development companies (BDCs) and other entities primarily engaged in investing in, financing, or servicing privately held enterprises. Both the Fund and the Index undergo quarterly rebalancing and reconstitution. It's important to note that Master Limited Partnerships (MLPs) are explicitly excluded from the Underlying Index. Morningstar Inc. reported the Fund's performance as of August 31, 2025. The Fund achieved an overall rating of 4 stars among 167 funds. For specific periods, it earned 5 stars out of 167 funds for the 3-year term, 4 stars out of 146 funds for the 5-year term, and 3 stars out of 88 funds for the 10-year period. Morningstar's ratings assess funds using a risk-adjusted return metric. This approach prioritizes consistency and penalizes significant downward fluctuations in a fund's monthly returns. For comparative analysis, both open-end mutual funds and exchange-traded funds are grouped together, and only funds with a minimum of three years of history are eligible for rating. The overall rating represents a weighted average of the 3-, 5-, and 10-year metrics, where available, accounting for all fees and expenses but excluding sales charges. This information is copyrighted by Morningstar Inc. (©2025) and is proprietary; it should not be reproduced or distributed. Morningstar does not guarantee its accuracy, completeness, or timeliness, nor are they liable for any damages resulting from its use. Investors should remember that past performance does not indicate future returns. Morningstar assigns five stars to the top 10% of funds in a category, four stars to the subsequent 22.5%, three stars to the next 35%, two stars to the following 22.5%, and one star to the bottom 10%. These ratings are updated monthly. It is important to note that if fee waivers or expense reimbursements had not been in effect, the Morningstar rating would have been lower. Furthermore, ratings for different share classes may vary due to distinct performance attributes.

Issuer: Invesco
Asset class: Equity
Domicile: United States
Launched: Oct 24, 2006
Net asset value per share: $55.33

Fund page at the issuer

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