Invesco Global Listed Private Equity ETF
$56.15−0.19 (−0.34%)
- 1.75%
- $214M
- −11.1%
- 5.57%
- 0M sh
- $56.45
- low $54.12high $70.49
The ETF.net PSP Grade
C
Score 50 out of 100
- 6 of 12
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C43 out of 100Rank 7 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 9 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 7 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 4 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 2 of 12
Our read on PSP
CThe 2006 original in listed private markets. PSP owns the publicly traded firms that run, fund and service private companies (about 70 of them, worldwide), packaging the operators' economics in a plain ETF wrapper.
The fund seeks exposure to listed private-equity companies through an index of publicly traded securities, ADRs and GDRs. Eligible companies invest in, lend to, or provide services to privately held businesses.
Why people hold it
- Launched in 2006, years before most listed private-markets ETFs existed. That means a real record through the financial crisis and two rate cycles, not a backtest.
- Owns the operators, not a proxy: roughly 70 global companies that invest in, lend to, or provide services to privately held businesses, held via shares, ADRs and GDRs.
- The portfolio matches the label. Holdings line up cleanly with the Red Rocks global listed private equity index it tracks, and the fund sits in the upper half of its peer group.
- Distributions come on a quarterly cadence, drawn from an index of firms whose business is investing in and lending to private companies.
Worth knowing
- Cost is the trade-off: a 1.80% expense ratio against 0.50% at GTPE and 0.40% at GPZ. The older, broader global basket carries a much heavier fee load than newer rivals.
- A small fund that trades thinly, so spreads can widen and large orders can move the price. Limit orders are the standard tool in this corner of the market.
- These are public stocks of private-market firms, so the ride is equity risk: deal flow, carried interest and credit marks make earnings lumpy.
PSP Holdings
- Stocks
- 70
- 44%
- III.L
Sectors
- Financials89.7%
- Industrials5.9%
- Consumer Staples3.2%
- Health Care0.4%
- Technology0.3%
- Consumer Discretionary0.3%
- Materials0.1%
Geography
- United States42.62%
- United Kingdom15.04%
- Sweden6.71%
- Belgium5.60%
- Switzerland5.44%
- Netherlands4.65%
- France4.21%
- Canada3.81%
- 11.92%
Developed 86% · Emerging 14%
PSP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PSP$8,891
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PSP |
|---|---|
| Year to date | −13.5% |
| 1 month | −5.8% |
| 3 months | −1.6% |
| 1 year | −11.1% |
| 3 years | +9.9% |
| 5 years | −0.3% |
| 10 years | +7.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PSP |
|---|---|---|
| 2026 YTD | −13.5% | |
| 2025 | +6.4% | |
| 2024 | +17.4% | |
| 2023 | +37.8% | |
| 2022 | −37.4% | |
| 2021 | +27.4% | |
| 2020 | +12.6% |
PSP in the news
PSP Dividends
- 5.57%
- $3.14
- $0.40 per share
- Quarterly
Distribution history
PSP Risk
- 21.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.32
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −47.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.27
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PSP Cost
1.75%
PSP1.75%
- The middle half of Listed Private Markets funds
- Median 1.35%
6 of the 12 Listed Private Markets funds charge less.
Other funds in Listed Private Markets
- BXOVRERShares Private-Public Crossover ETFExpense ratio 0.75%1 year return +6.2%
- BFBDCFT Confluence BDC & Specialty Finance Income ETFExpense ratio 0.95%1 year return +0.6%
- CBIZDVanEck BDC Income ETFExpense ratio 9.69%1 year return +1.2%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +21.4%
- DPBDCPutnam BDC Income ETFExpense ratio 11.77%1 year return −1.8%