PBEInvesco Dynamic Biotechnology & Genome ETF
PBE Fund Description
PBE tracks a tiered equal-weighted index of companies principally engaged in biotechnology and genetic engineering.
PBE Factset Analytics Insight
PBE is not a pure-play biotech fund, it goes beyond the scope of pure biotech firms and includes companies that benefit significantly from advances in biotech and genetic engineering. This causes PBE to differ from other biotech ETFs, therefore, it is important to note the fund’s portfolio before investing. Moreover, far from a plain-vanilla approach, PBE's underlying index uses a multifactor system (price momentum, earnings momentum, quality: ROE, asset turnover, FCF margin), management action, and value) to select 30 US stocks and weights them in tiers. The tiered weighting scheme creates a small-cap tilt. Top-ranked larger stocks receive 40% of index weight while the top-ranked smaller stocks are given 60%. The approach produces a unique portfolio of biotech and peripheral-industry companies. The fund is rebalanced and reconstituted quarterly starting each February.
PBE MSCI ESG Analytics Insight
Invesco Dynamic Biotechnology & Genome ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.66 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Invesco Dynamic Biotechnology & Genome ETF ranks in the 37th percentile within its peer group and in the 80th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PBE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
PBE Summary Data
PBE Portfolio Data
PBE Index Data
PBE Portfolio Management
PBE Tax Exposures
PBE Fund Structure
PBE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PBE. PBE is rated a 4 out of 5.
PBE Sector/Industry Breakdown
PBE Economic Development
PBE Performance Statistics
PBE MSCI ESG Ratings
PBE Benchmark Comparison Summary
PBE Benchmark Comparison Market Cap Size