At a glance
PSCT charges 0.29% a year, above the 0.09% average of the 3 funds most like it (the most expensive of 4). It has $484.0M in assets, the 4th largest of that group. Over the past year it returned +38.5% with distributions reinvested (S&P 500: +11.5%), the best of those 4 funds; over three years it returned +27.2% a year. At its worst it fell 37.5% in the 2020 crash (S&P 500: 33.7%) and 29.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 36 months after the lows. Its ten largest positions make up 29.0% of the fund, out of 71 in all.
The short version
Invesco S&P SmallCap Information Technology ETF (PSCT) is an index fund that tracks the S&P SmallCap 600 Capped Information Technology Index. That index holds the technology companies within the S&P SmallCap 600, and the fund owned 71 of them as of August 31, 2026. It gives targeted exposure to small US tech firms, which broad small-cap funds hold only in part. That focus costs more: 0.29% a year, against 0.03% to 0.18% for the broad S&P 600 funds with the most similar holdings.
Price history
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PSCT +38.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| PSCT official prospectus, to Dec 31, 2024 | — | -1.06% | — | +8.31% | +11.20% | — |
| PSCT price data to Oct 27, 2026 | +41.9% | +38.5% | +27.2% | +11.5% | +14.8% | +14.7% |
- Over the year to Oct 27, 2026, PSCT returned +38.5%, 1st of 4 among similar funds.
- Its 5-year annualized return was +11.5% and its 10-year +14.8%.
- In the 2020 COVID crash it fell 37.5% and regained its old high 7.6 months after the low.
- Its worst full calendar year was 2022 (-22.5%); its best was 2013 (+45.4%).
- The deepest fall in its price history was 40.4% (Jan 17, 2020 to Mar 18, 2020), recovered by Nov 9, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +41.9% | — |
| 2025 | +18.6% | — |
| 2024 | -1.1% | -1.06% |
| 2023 | +20.8% | +20.71% |
| 2022 | -22.5% | -22.57% |
| 2021 | +26.3% | +26.51% |
| 2020 | +27.8% | +27.45% |
| 2019 | +39.4% | +39.18% |
| 2018 | -9.3% | -9.13% |
| 2017 | +9.9% | +10.12% |
| 2016 | +33.5% | +33.47% |
| 2015 | +4.3% | +4.34% |
| 2014 | +12.9% | — |
| 2013 | +45.4% | — |
| 2012 | +10.5% | — |
| 2011 | -4.6% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 35.8% over that stretch · deepest drop along the way 37.5%, back to its old high 7.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 29.7% over that stretch · deepest drop along the way 29.9%, back to its old high 35.7 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.0040 | |
| 2025 | $0.0150 | +150.0% |
| 2024 | $0.0060 | -40.0% |
| 2023 | $0.0100 | +203.0% |
| 2021 | $0.0033 | -90.1% |
| 2020 | $0.0333 | -54.6% |
| 2019 | $0.0733 | -31.3% |
| 2018 | $0.1067 | +128.5% |
| 2017 | $0.0467 | -17.6% |
| 2016 | $0.0567 | +112.4% |
| 2015 | $0.0267 | +14.6% |
| 2014 | $0.0233 | -22.3% |
| 2013 | $0.0300 | -69.0% |
| 2012 | $0.0967 | +1343.3% |
| 2011 | $0.0067 |
What's inside
As of Aug 31, 2026, the fund held 71 securities; the ten largest made up 29.04% of assets. It also reported 32.38% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Viasat, Inc. | 4.10% | |
| FormFactor, Inc. | 3.52% | |
| Qorvo, Inc. | 3.45% | |
| Ralliant Corp. | 3.10% | |
| Plexus Corp. | 2.87% | |
| EPAM Systems, Inc. | 2.76% | |
| ACI Worldwide, Inc. | 2.43% | |
| RingCentral, Inc. | 2.31% | |
| MaxLinear, Inc. | 2.26% | |
| Box, Inc. | 2.22% | |
| Enphase Energy, Inc. | 2.15% | |
| Insight Enterprises, Inc. | 2.13% | |
| Impinj, Inc. | 2.12% | |
| Itron, Inc. | 1.93% | |
| Vishay Intertechnology, Inc. | 1.90% |
By country
United States 98.86%Cayman Islands 0.84%Bermuda 0.27%By asset type
Stocks 99.97%What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $7.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +8.57%, -13.82%, -3.18%.
How it works
S&P Dow Jones Indices builds the index. It starts with the S&P SmallCap 600, which covers about 600 small US companies. It then keeps only the companies classed as information technology under GICS (the Global Industry Classification Standard, a common system for sorting companies by business). That means software developers, makers of communication and electronic equipment, and semiconductor companies. As of October 31, 2025, the index held 71 stocks, ranging in market value from $649.8 million to $29.2 billion.
The fund uses "full replication." It generally owns every stock in the index, in the same proportions as the index, and puts at least 90% of its assets in index securities. It does not try to beat the index. It won't sell a lagging stock unless the index drops it. Portfolio turnover was 30%, according to the prospectus filed December 18, 2025.
As of August 31, 2026, the largest holdings were Viasat (4.1%), FormFactor (3.5%), Qorvo (3.5%), Ralliant (3.1%) and Plexus (2.9%). The top ten made up about 29% of the fund. The fund held no derivatives and uses no leverage or options. Shares trade on an exchange throughout the day, so their market price can sit slightly above or below the fund's net asset value (the per-share value of its holdings).
What it really costs
- PSCT charges 0.29% a year, versus an average of 0.09% for the similar funds below (4th of 4, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $30 in the first year and $368 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| PSCT | $30 | $93 | $163 | $368 |
In a retirement portfolio
PSCT is a single-sector fund of small companies that swings roughly twice as much as the broad market, so it fits as a small add-on rather than a foundation.
PSCT could add small-company tech growth, but the ride has been rough. Its one-year beta (a measure of how much it moves relative to the market) was 2.03 as of October 27, 2026. In the 2020 COVID crash it fell 37.5% and took about 7.6 months to recover. In the 2022 bear market it fell 29.9% and did not regain its high until September 18, 2025, nearly three years later. Its worst calendar year was 2022, at -22.5%. The fund launched in 2010, so it has no 2008 record. A retiree who had to sell shares in a slump like these would have locked in losses. Income is minimal: the yield rounded to 0% as of October 27, 2026, and the fund pays once a year. It costs 0.29% a year. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors with a broad core fund who want a small, deliberate tilt toward about 71 small US technology companies such as Viasat and FormFactor.
- Long-term holders who can ride out drops like the 37.5% fall in early 2020 and the nearly three-year recovery after 2022.
- People who want a plain index fund that fully replicates an S&P Dow Jones index, with no leverage, options or derivatives.
Look elsewhere if
- Retirees seeking income: the yield rounded to 0% as of October 27, 2026, with distributions paid only once a year.
- Cost-focused investors: 0.29% a year compares with 0.03% for SPSM and 0.06% for IJR, which cover small caps across all sectors.
- Anyone seeking broad diversification: one sector, top ten holdings near 29%, and one-year volatility of 33.6% as of October 27, 2026.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Does PSCT pay a dividend?
Barely. Over the 12 months to October 27, 2026, PSCT paid about $0.004 per share, a yield that rounds to 0%. Distributions come once a year. Many small technology companies pay little or no dividend and reinvest their earnings instead, so a fund that holds only these stocks produces almost no income. Investors who need regular cash from their portfolio would have to sell shares to get it.
What's the difference between PSCT and IJR?
IJR, the iShares Core S&P Small-Cap ETF, holds the whole S&P SmallCap 600 across every sector. PSCT holds only its technology slice. Only about 14% of their holdings overlap, so IJR is a broader fund rather than a close substitute. IJR costs 0.06% a year against PSCT's 0.29%. It is also far larger: $111.3 billion as of June 30, 2026, against PSCT's $484 million as of August 31, 2026. Over one year, PSCT returned 38.5% as of October 27, 2026, while IJR returned 20.8% as of October 30, 2026.
What are PSCT's top holdings?
As of August 31, 2026, the five largest holdings were Viasat (4.1%), FormFactor (3.5%), Qorvo (3.5%), Ralliant (3.1%) and Plexus (2.9%). Next came EPAM Systems, ACI Worldwide, RingCentral, MaxLinear and Box. The top ten made up about 29% of the fund, spread across 71 companies. The mix covers semiconductors, electronics manufacturing, software and IT services. Holdings change as the index adds and removes stocks.
Is PSCT good for retirement?
PSCT fits a small, higher-risk slice of a retirement portfolio better than its core. It holds one sector of small companies, and its one-year beta was 2.03 as of October 27, 2026. It fell 37.5% in the 2020 crash and needed nearly three years to recover from its 2022 drop. Its yield rounded to 0%, so it offers no real income. Investors who can wait out long slumps may treat it as a growth tilt alongside broader funds.
How has PSCT performed over the long term?
PSCT has delivered strong long-term returns with big swings. Its prospectus reports average annual returns of 11.2% over 10 years and 8.31% over 5 years as of December 31, 2024, with -1.06% for 2024 alone. Based on price history as of October 27, 2026, it returned 14.8% a year over 10 years and 11.5% a year over 5 years. Calendar years have ranged from 39.18% in 2019 to -22.57% in 2022.