ETF Evaluator:
Invesco Agency MBS ETF ()
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(as of Aug 24)
Best Performing in Government Mortgage-Backed Bond Over the Last Year
| 5.3% | Regan Floating Rate MBS ETF (MBSF) |
| 4.6% | PIMCO Mortgage-Backed Securities Act ETF (PMBS) |
| 4.5% | iShares Mortgage-Backed Secs Act ETF (MBBA) |
| 4.4% | Janus Henderson Mortgage-Backed Sec ETF (JMBS) |
| 4.3% | Vanguard Mortgage-Backed Secs ETF (VMBS) |
Risk
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Risk
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ETF Details
Invesco Agency MBS ETF Overview
Invesco Agency MBS ETF (IMTG) is an actively managed Taxable Bond Government Mortgage-Backed Bond exchange-traded fund (ETF). Invesco launched the ETF in 2026.
The investment seeks a high level of current income, with liquidity and safety of principal.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in agency mortgage-backed securities (“MBS”) of any maturity or type. It is non-diversified.
About Invesco Agency MBS ETF (IMTG)
There are 3 members of the management team with an average tenure of 0.43 years: Clint Dudley (2026), Brian Norris (2026) and David Lyle (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Invesco Agency MBS ETF has 61 securities in its portfolio. The top 10 holdings constitute 39.4% 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 Agency MBS ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Invesco Agency MBS ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 75.1% (75.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Agency MBS ETF has 24.9% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $5 billion average for the Government Mortgage-Backed Bond 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.
IMTG 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 Agency MBS ETF expense ratio is below average compared to funds in the Government Mortgage-Backed Bond category. Invesco Agency MBS ETF has an expense ratio of 0.22%, which is 11% lower 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 Agency MBS ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 210% for the Government Mortgage-Backed Bond category.
Recently, in the month of July 2026, Invesco Agency MBS ETF returned -1.3%, which earned it a grade of B, as the Government Mortgage-Backed Bond category had an average return of -1.3%. 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 Agency MBS ETF has a trailing yield of 0.00%, which is below the 4.68% category average.
The fund normally distributes its income monthly 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.
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IMTG 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 |
|
| IMTG Return (NAV) | -1.3% | -0.8% | na | na | na | na |
| IMTG Return (Price) | 0.4% | 0.8% | na | na | na | na |
| NAV +/- Price Return | -1.735% | -1.662% | na | na | na | na |
| Government Mortgage-Backed Bond Avg | -1.3% | -0.8% | 4.2% | 4.2% | 0.2% | 1.3% |
| IMTG Grade (NAV) | B | B | na | na | na | na |
| +/- Category (NAV) | -0.0% | -0.1% | na | na | na | na |
| IMTG Tax-Cost Ratio | na | na | na | na | na | na |
IMTG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IMTG Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| IMTG Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Government Mortgage-Backed Bond Avg | -0.0% | 8.1% | 1.7% | 5.1% | -11.6% | -1.0% | 4.5% | 6.3% | 0.7% | 2.2% | 1.5% |
| IMTG Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 15 Mil |
| Share Class Assets: | $ 15 Mil |
| Turnover: | na |
| Expense Ratio: | 0.22% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Dudley Clint (2026), Norris Brian (2026), Lyle David (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 39.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 75.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 24.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | February 23, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.22% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.25% |
