The Invesco Semiconductors ETF (PSI), a smart beta ETF with $644.34 million in assets under management and an expense ratio of 0.56%, is designed to track the Dynamic Semiconductor Intellidex Index. PSI's top holdings include Broadcom Inc (5.81%), Kla Corp, and Applied Materials Inc, with the top 10 holdings comprising 48.29% of the fund; however, the ETF has underperformed, with a year-to-date loss of -8.35% and a -9.64% decrease over the last 12 months, indicating higher risk with a beta of 1.48 and a standard deviation of 37.56%.
The Invesco Semiconductors ETF (PSI) is a smart beta exchange-traded fund with $644.34 million in assets under management, designed to provide exposure to the semiconductor segment by tracking the Dynamic Semiconductor Intellidex Index. This index selects companies based on criteria including fundamental growth, stock valuation, investment timeliness, and risk factors. PSI's portfolio is entirely concentrated in the Information Technology sector, with its top 10 holdings, including Broadcom Inc. (5.81% of assets), KLA Corp, and Applied Materials Inc., accounting for approximately 48.29% of its total assets across 32 holdings. Despite its strategy aimed at outperformance, PSI has experienced significant negative returns, with a year-to-date loss of 8.35% and a 12-month decline of 9.64% as of June 4, 2025. The ETF exhibits a high-risk profile, evidenced by a beta of 1.48 and a three-year standard deviation of 37.56%. Its annual operating expense ratio stands at 0.56%, which is notably higher than larger peer ETFs such as iShares Semiconductor ETF (SOXX) and VanEck Semiconductor ETF (SMH), both of which have expense ratios of 0.35%. The fund's 12-month trailing dividend yield is a modest 0.17%.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
Ticker Sentiment
