PSCI: INVESCO S&P SMALLCAP INDUSTRIALS ETF
Understanding the Invesco S&P SmallCap Industrials ETF (PSCI)
The Invesco S&P SmallCap Industrials ETF (ticker: PSCI) is designed to track the performance of small companies within the industrial sector. This ETF provides investors with exposure to various businesses that provide goods and services used in manufacturing, transportation, and infrastructure.
What the numbers show
The data shows that PSCI has experienced growth in both its share price and its total return over several timeframes.
• Year-to-Date (YTD): The price return is approximately 7.88%, while the total return is approximately 8.29%.
• One-Year: The price return was approximately 9.06%, and the total return was approximately 10.73%.
• Three-Year: The price return was approximately 62.88%, and the total return was approximately 67.67%.
• Five-Year: The five-year total return is approximately 80.48%.
It is important to note the difference between these two figures. The price return only measures how much the share price changed. The total return includes both the change in share price and the impact of cash distributions.
Based on an estimated price from roughly one year ago of $148.46, the current price is $161.92.
Income and distribution explanation
PSCI provides cash distributions to investors. The current distribution yield is approximately 1.47%. This means the amount of cash paid out is about 1.47% relative to the current ETF price.
The fund usually pays distributions on a quarterly basis, with 4 payments recorded over the last 12 months. While these distributions provide cash income, they are separate from the total return of the investment.
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, looking at price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• Paycom Software Inc (3.15%)
• Arcosa Inc (2.38%)
• Matson Inc (2.38%)
• Federal Signal Corp (2.35%)
• Zurn Elkay Water Solutions Corp (2.28%)
• Armstrong World Industries Inc (2.25%)
• Esco Technologies Inc (2.24%)
• Gates Industrial Corp Ltd (2.16%)
• Enpro Inc (2.03%)
• Mobility Global Inc (2.02%)
Holdings can change over time.
Pros
• The fund has shown positive price returns and total returns over one, three, and five-year periods.
• The erosion-risk measurements suggest the share price has not shown signs of significant deterioration.
Cons
• As a small-cap industrial ETF, it is subject to the specific risks associated with smaller companies and the industrial sector.
Beginner takeaway
When researching PSCI, it is helpful to look at both the price return and the total return to see how much value the fund has created. While the distribution yield provides a steady stream of cash, investors should always look at the total return to understand the full picture of how the investment has performed.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | PAYCOM SOFTWARE INC | PAYC | 3.15% |
| 2 | ARCOSA INC | ACA | 2.38% |
| 3 | MATSON INC | MATX | 2.38% |
| 4 | FEDERAL SIGNAL CORP | FSS | 2.35% |
| 5 | ZURN ELKAY WATER SOLUTIONS CORP | ZWS | 2.28% |
| 6 | ARMSTRONG WORLD INDUSTRIES INC | AWI | 2.25% |
| 7 | ESCO TECHNOLOGIES INC | ESE | 2.24% |
| 8 | GATES INDUSTRIAL CORP LTD | GTES | 2.16% |
| 9 | ENPRO INC | NPO | 2.03% |
| 10 | MOBILITY GLOBAL INC | MBGL | 2.02% |