What is PBP?

PBP tracks an index that uses a covered-call strategy to provide long exposure to the S&P 500 and selling call options thereon.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PBP 2.79% 6.26% 2.39% -6.59% 1.18% 2.51% 5.11%
PBP (NAV) 3.86% 7.19% 3.11% -6.08% 1.44% 2.64% 5.18%
CBOE S&P 500 BuyWrite Index 3.91% 7.29% 3.15% -5.68% -- 3.20% 5.86%
MSCI USA Large Cap Index 3.98% 7.96% 3.56% -11.35% 7.53% 9.14% 12.56%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Invesco
12/20/07
0.49%
$107.45M
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

-$0.00B 5 Days
-$0.01B 30 Days
-$0.01B 90 Days

PBP Portfolio Data

$472.20B
19.77
4.01
1.29%
N/A
504

PBP Index Data

Fixed
Fixed
MSCI USA Large Cap Index

PBP Portfolio Management

0.49%
-0.33%
-0.26%
-0.55%

PBP Tax Exposures

20.00% / 39.60%
2.02%
Qualified dividends
No

PBP Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

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

72,121
$1.46M
40,291
$809.40K
0.43%
$0.09
-0.09%
0.44% / -0.63%
None
100.00%
50,000
0.81
0.17%
0.00%
0
$20.77
5

PBP Sector/Industry Breakdown

PBP Segment
Benchmark
15.78% --
15.53% --
13.90% --
11.20% --
7.27% --
5.69% --
4.45% --
3.73% --
3.60% --
3.42% --

PBP Performance Statistics

0.79
0.58
0.51
0.76
0.93%
MSCI USA Large Cap Index

PBP Countries

PBP Segment
Benchmark
99.95% 99.88%
-- 0.12%

PBP Regions

PBP Segment
Benchmark
99.95% 100.00%

PBP Economic Development

PBP Segment
Benchmark
99.95% 100.00%
0.00% 0.00%

PBP Benchmark Comparison Holdings

504
296
266
88.00%

PBP Benchmark Comparison Summary

PBP Segment
Benchmark
504 296
$472.20B $523.16B
19.77 20.54
4.01 4.31
1.56% 1.53%
Low Low

PBP Benchmark Comparison Market Cap Size

PBP Segment
Benchmark
98.17% 99.85%
1.92% 0.15%
0.00% 0.00%
0.00% 0.00%