ETF Evaluator:
Invesco AI and Next Gen Software ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Invesco AI and Next Gen Software ETF Overview
Invesco AI and Next Gen Software ETF (IGPT) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Invesco launched the ETF in 2005.
The investment seeks to track the investment results (before fees and expenses) of the STOXX World AC NexGen Software Development Index.
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of companies with significant exposure to technologies or products that contribute to future software development through direct revenue. The fund is non-diversified.
About Invesco AI and Next Gen Software ETF (IGPT)
There are 4 members of the management team with an average tenure of 10.78 years: Peter Hubbard (2007), Michael Jeanette (2008), Pratik Doshi (2020) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: NASDAQ Composite TR USD index with a weighting of 100% and STOXX World AC NxGn Sof Dev GR USD index with a weighting of 100%. Invesco AI and Next Gen Software ETF has 117 securities in its portfolio. The top 10 holdings constitute 59.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco AI and Next Gen Software ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco AI and Next Gen Software ETF has 15.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 84.5% There is 15.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco AI and Next Gen Software ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IGPT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco AI and Next Gen Software ETF expense ratio is average compared to funds in the Technology category. Invesco AI and Next Gen Software ETF has an expense ratio of 0.56%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco AI and Next Gen Software ETF has a portfolio turnover rate of 18%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Invesco AI and Next Gen Software ETF returned -16.5%, which earned it a grade of D, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco AI and Next Gen Software ETF has a trailing yield of 0.01%, which is below the 0.45% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco AI and Next Gen Software ETF Grades
Year to date, the ETF has returned 45.4%, 24.0 percentage points better than the category, which translates into a grade of A. The fund has returned 71.1% over the past year (grade of A), 32.5% over the past three years (grade of A) and 12.1% per year over the past five years (grade of C) and 19.6% per year over the past 10 years (grade of C).
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IGPT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IGPT Return (NAV) | -16.5% | 11.9% | 71.1% | 32.5% | 12.1% | 19.6% |
| IGPT Return (Price) | -16.7% | 11.5% | 71.2% | 32.5% | 12.1% | 19.6% |
| NAV +/- Price Return | 0.167% | 0.397% | -0.017% | -0.079% | -0.030% | -0.003% |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| IGPT Grade (NAV) | D | B | A | A | C | C |
| +/- Category (NAV) | -6.7% | 4.6% | 37.5% | 10.1% | 1.5% | 0.6% |
| IGPT Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.5% | 0.3% |
IGPT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IGPT Return (NAV) | 45.4% | 31.9% | 16.7% | 27.8% | -27.7% | -11.6% | 54.1% | 35.0% | 16.6% | 34.5% | 11.6% |
| IGPT Return (Price) | 45.8% | 31.6% | 17.1% | 27.3% | -27.7% | -11.7% | 54.3% | 35.1% | 16.4% | 34.6% | 11.6% |
| NAV +/- Price Ret | 0.010% | -0.010% | 0.025% | -0.017% | 0.001% | 0.004% | 0.004% | 0.2% | -1.5% | 0.4% | 0.2% |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| IGPT Grade (NAV) | A | B | C | D | A | F | B | C | A | C | D |
| +/- Category | 24.0% | 8.6% | -3.2% | -16.0% | 8.1% | -28.4% | 0.8% | -2.8% | 19.8% | 0.8% | -3.4% |
| Risk Measures | |
| Beta: | 2.16 |
| R-Squared: | 65% |
| Standard Deviation: | 33.9% |
| Category Risk Index: | 1.28 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.76 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 1,118 Mil |
| Share Class Assets: | $ 1,118 Mil |
| Turnover: | 18.0% |
| Expense Ratio: | 0.56% |
| Index Fund: | Yes |
| Index Tracked: | NASDAQ Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 19.2 years | |||
| Average Tenure: 10.8 years | |||
| Managers (Year): Hubbard Peter (2007), Jeanette Michael (2008), Doshi Pratik (2020), Syed Faiz (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 117 |
| % in Top 10 Holdings: | 59.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 15.5% |
Portfolio Allocation |
|
| Domestic Stock: | 84.5% |
| Foreign Stock: | 15.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | June 23, 2005 |
Expenses and Fees
| Expense Ratio (%): | 0.56% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.54% |
