PBP
Invesco S&P 500 BuyWrite ETFPBP Fund Description
PBP 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
Invesco S&P 500 BuyWrite ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.54 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 S&P 500 BuyWrite ETF ranks in the 54th percentile within its peer group and in the 65th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PBP CHARTS AND PERFORMANCE
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PBP Top 10 Countries
PBP Top 10 Sectors
PBP Top 10 Holdings [View All]
PBP Portfolio 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 Tradability
PBP Sector/Industry Breakdown
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PBP TOP 10 HOLDINGS[View All]
PBP Countries
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PBP Regions
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PBP Economic Development
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PBP Performance Statistics
PBP MSCI ESG Ratings
PBP BENCHMARK COMPARISON SUMMARY
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PBP BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.