IGPT: INVESCO AI AND NEXT GEN SOFTWARE ETF
Share-split context: A forward split was recorded on Jul 17, 2023 with coefficient 3. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
What this ETF is trying to do
The Invesco AI and Next Gen Software ETF (IGPT) focuses on companies involved in artificial intelligence and next-generation software. It spreads its investments across 112 different holdings.
Based on the Top Holdings list (updated October 8, 2026), the fund has significant exposure to technology companies. Its largest holdings include Advanced Micro Devices Inc (9.08%), Meta Platforms Inc Class A (8.41%), Micron Technology Inc (8.15%), Nvidia Corp (7.82%), and Alphabet Inc Class A (7.73%).
What the numbers show
The current price of the ETF is $102.81 as of October 7, 2026. This fund has a history of forward share splits. On July 17, 2023, it had a 3-for-1 forward split. This means every old share became three new shares, and the price per share fell proportionally. This split did not create a gain or a loss; it only changed the number of shares.
Because of this split history, we look at split-adjusted returns:
• Year-to-Date (YTD): The price return and total return are both approximately 72.88%.
• One Year: The price return and total return are both approximately 82.74%.
• Three Year: The price return is approximately 208.83%, while the total return is approximately 209.00%.
Price return measures only the change in the share price. Total return reflects the overall return, including distributions.
Income and distribution explanation
This ETF does not currently provide regular cash income to investors. The distribution yield is 0%, and there were no distributions detected in the last 12 months. For many investors, a high distribution yield can be misleading if the share price is falling, but in this case, there is no yield to report.
NAV erosion explanation
"NAV erosion" happens when the underlying value of a fund's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. IGPT has an erosion score of 100, and the erosion severity is labeled as "good." The data indicates that no price erosion was detected, and the severe erosion-risk flag is false.
Pros
• Strong split-adjusted price returns over the last one and three years.
• No detected NAV erosion.
• Exposure to major AI and software companies.
Cons
• Provides no cash distributions or yield for investors seeking income.
Beginner takeaway
IGPT is a growth-focused ETF that invests in AI and software. It has seen significant price increases over the last few years. While it does not pay out cash to investors, it has maintained a strong erosion-risk score, meaning its price trend has remained healthy.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ADVANCED MICRO DEVICES INC | AMD | 9.08% |
| 2 | META PLATFORMS INC CLASS A | META | 8.41% |
| 3 | MICRON TECHNOLOGY INC | MU | 8.15% |
| 4 | NVIDIA CORP | NVDA | 7.82% |
| 5 | ALPHABET INC CLASS A | GOOGL | 7.73% |
| 6 | INTEL CORP | INTC | 5.04% |
| 7 | SK HYNIX INC | n/a | 3.93% |
| 8 | SANDISK CORP ORDINARY SHARES | SNDK | 3.76% |
| 9 | MEDIATEK INC | n/a | 3.65% |
| 10 | MARVELL TECHNOLOGY INC | MRVL | 3.41% |