PSCF: INVESCO S&P SMALLCAP FINANCIALS ETF
What this ETF is trying to do
The INVESCO S&P SMALLCAP FINANCIALS ETF (ticker: PSCF) is an exchange-traded fund designed to track the performance of small-cap companies within the financial sector. This means it focuses on smaller businesses that provide financial services.
What the numbers show
The current price of PSCF is $61.41. When looking at how the fund has performed, it is important to look at two different types of returns: price return (the change in the share price) and total return (which includes both the share price change and the money paid out as distributions).
• Year-to-Date (YTD): The price return is approximately 6.78%, while the total return is approximately 8.74%.
• One-Year: The price return was approximately 7.76%, and the total return was approximately 10.28%.
• Three-Year: The price return was approximately 51.03%, and the total return was approximately 62.46%.
An estimated price from roughly one year ago was $56.99. Because the total return is higher than the price return in these timeframes, it shows that distributions added to the overall value.
Top Holdings
The fund holds 163 total assets. The following are some of its top holdings (note that this list is partial):
• Jackson Financial Inc (1.97%)
• Ryman Hospitality Properties Inc (1.95%)
• StoneX Group Inc (1.59%)
• Lincoln National Corp (1.56%)
• Terreno Realty Corp (1.56%)
• First Bancorp (1.50%)
Please remember that holdings can change over time.
Income and distribution explanation
PSCF provides cash distributions to investors. The distribution yield is approximately 2.27%. This number describes the cash paid out relative to the ETF's price. The fund usually pays these distributions on a quarterly basis, with 4 payments recorded over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the fund's erosion-risk score is 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk score suggests there has been no significant price deterioration.
Cons
• As a small-cap financial ETF, it is focused on a specific sector and size of company, which may behave differently than the broader market.
Beginner takeaway
When researching PSCF, it is helpful to distinguish between price return and total return. While the share price has grown, the total return is even higher because of the distributions paid to investors. Always remember that a distribution yield tells you about cash payments, but it is not the same thing as your total investment return.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | JACKSON FINANCIAL INC | JXN | 1.97% |
| 2 | RYMAN HOSPITALITY PROPERTIES INC | RHP | 1.95% |
| 3 | STONEX GROUP INC | SNEX | 1.59% |
| 4 | LINCOLN NATIONAL CORP | LNC | 1.56% |
| 5 | TERRENO REALTY CORP | TRNO | 1.56% |
| 6 | FIRST BANCORP | FBP | 1.50% |
| 7 | MACERICH CO | MAC | 1.48% |
| 8 | ESSENTIAL PROPERTIES REALTY TRUST INC | EPRT | 1.43% |
| 9 | ENOVA INTERNATIONAL INC | ENVA | 1.31% |
| 10 | ATLANTIC UNION BANKSHARES CORP | AUB | 1.25% |