PBPInvesco S&P 500 BuyWrite ETF
PBP Fund Description
The Invesco S&P 500 BuyWrite Portfolio tracks an index of covered calls on the S&P 500.
PBP Factset Analytics Insight
PBP writes covered calls on its portfolio of S&P 500 securities, an options strategy which increases the yield substantially but also limits potential upside. By writing options on the securities held in the portfolio, PBP adds income from call premiums at the expense of upside, so returns have differed greatly from those of our benchmark. Its exposure looks pretty marketlike, with a very slight midcap tilt and minute sector bets versus our large-cap benchmark. While PBP tends to perform well in bear markets, its inability to capture upside has spelled bad news during the recovery from 2008. While far from the most liquid option in the space, the fund sees reasonable volume, albeit at significant spreads. Institutions will have an easier time thanks to the highly liquid large-cap basket. PBP charges a stiff fee for the large-cap space, but justifies it somewhat with tight tracking.
PBP MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 20, 2018 the Invesco S&P 500 BuyWrite ETF MSCI ESG Fund Quality Score is 5.28 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PBP ranks in the 76th percentile within its peer group and in the 44th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
PBP CHARTS AND PERFORMANCE
PBP Top 10 Countries
PBP Top 10 Sectors
PBP Top 10 Holdings [View All]
PBP Summary Data
PBP Portfolio Data
PBP Index Data
PBP Portfolio Management
PBP Tax Exposures
PBP Fund Structure
PBP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PBP. PBP is rated a 5 out of 5.
PBP Sector/Industry Breakdown
PBP TOP 10 HOLDINGS[View All]
PBP Economic Development
PBP Performance Statistics
PBP MSCI ESG Ratings
PBP BENCHMARK COMPARISON SUMMARY
PBP BENCHMARK COMPARISON MARKET CAP SIZE