PBJInvesco Dynamic Food & Beverage ETF
PBJ Fund Description
PBJ tracks a multi-factor, tiered equal-weighted index of US food industry stocks.
PBJ Factset Analytics Insight
PBJ offers a concentrated exposure to 30 US stocks in the food & beverage segment using quant screens based on five factors: price momentum, earnings momentum, quality, management action, and value. The resulting portfolio provides significant industry tilts and a far lower average market cap compared to its benchmark. PBJ defines the segment broadly to include food retailers and restaurants, while severely underweighting beverage stocks, and ignoring tobacco and pet supplies stores entirely. Historically, around half of PBJ's portfolio is in its top ten holdings. The index’s tier weighting reduces concentrations in mega-caps and evenly weights the group of companies across size. The fund and the index are rebalanced and reconstituted quarterly in February, May, August and November.
PBJ MSCI ESG Analytics Insight
Invesco Dynamic Food & Beverage ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.09 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 Food & Beverage ETF ranks in the 29th percentile within its peer group and in the 33th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PBJ 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.
PBJ Portfolio Data
PBJ Index Data
PBJ Portfolio Management
PBJ Tax Exposures
PBJ Fund Structure
PBJ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PBJ. PBJ is rated a 4 out of 5.
PBJ Sector/Industry Breakdown
PBJ Top 10 Holdings[View All]
PBJ Economic Development
PBJ Performance Statistics
PBJ MSCI ESG Ratings
PBJ Benchmark Comparison Summary
PBJ Benchmark Comparison Market Cap Size