# Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/psmm for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: — · Inception: 2017-02-21 The fund seeks to achieve its investment objective by allocating its assets using a moderately conservative investment style that seeks to maximize the benefits of diversification, which focuses on investing portions of its assets in underlying ETFs that invest primarily in equity securities, as well as in underlying ETFs that invest primarily in fixed-income securities. Specifically, the fund's target allocation is to invest approximately 25%-55% of its total assets in equity ETFs and approximately 45%-75% of its total assets in fixed income ETFs. ## Key Facts | Metric | Value | |---|---| | Price | $13.69 | | Expense Ratio | 0.35% | | Assets Under Management | $16.0M | | NAV | $13.69 | | Holdings Count | 1 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Quarterly | | 52-Week Range | $13.33 – $14.15 | | Beta | 0.79 | ## Latest Distribution - Amount: $0.0430 /share - Ex-date: 2021-06-21 - Pay date: 2021-06-30 ## Frequently Asked Questions ### What does PSMM invest in? The fund seeks to achieve its investment objective by allocating its assets using a moderately conservative investment style that seeks to maximize the benefits of diversification, which focuses on investing portions of its assets in underlying ETFs that invest primarily in equity securities, as well as in underlying ETFs that invest primarily in fixed-income securities. Specifically, the fund's target allocation is to invest approximately 25%-55% of its total assets in equity ETFs and approximately 45%-75% of its total assets in fixed income ETFs. ### What is the expense ratio of PSMM? Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PSMM? Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) manages $16.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PSMM actively managed or an index fund? PSMM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PSMM launched? Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) launched in February 2017 and is managed by Invesco. ### How has PSMM performed? PSMM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PSMM pay a dividend? Invesco Moderately Conservative Multi-Asset Allocation ETF (PSMM) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PSMM pay dividends? Invesco Moderately Conservative Multi-Asset Allocation ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PSMM's dividend yield? PSMM's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is PSMM's next ex-dividend date? The most recently announced ex-dividend date for PSMM was 2021-06-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PSMM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.35% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PSMM charge its expense ratio? The expense ratio is deducted in tiny daily slices from PSMM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PSMM cost more than a fund like VOO? PSMM's strategy (current expense ratio 0.35%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PSMM sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PSMM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PSMM (0.35%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/psmm - Distribution history: https://www.dividenddata.com/funds/psmm/dividend - Holdings & diversification: https://www.dividenddata.com/funds/psmm/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/psmm/expenses - Peer comparison: https://www.dividenddata.com/funds/psmm/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.