PBP Invesco S&P 500 BuyWrite ETF
PBP Fund Description
PBP tracks an index that uses a covered-call strategy to provide long exposure to the S&P 500 and selling call options thereon.
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. The fund writes the near-term options generally each month, and each option’s exercise price is at or above the current price level of the S&P 500. 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. As a total return version, the underlying index reinvests all dividends paid on the S&P 500 components and the premiums from writing the option. The fund’s exposure looks pretty market-like, 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. The index is rebalanced and reconstituted quarterly.
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 Tradability
PBP Sector/Industry Breakdown
PBP
PBP Top 10 Holdings[View All]
PBP Countries
PBP
PBP Regions
PBP
PBP Economic Development
PBP
PBP Performance Statistics
PBP Benchmark Comparison Summary
PBP
PBP Benchmark Comparison Market Cap Size
PBP
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use
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.