PBP

Invesco S&P 500 BuyWrite ETF
C

70
*Unless otherwise stated, data provided by FactSet.

PBP 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 5.35 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 50th percentile within its peer group and in the 60th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PBP 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.

PBP Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PBP 1.35% 1.76% 11.18% -1.22% 6.95% 4.85% 3.96%
PBP (NAV) 1.30% 1.93% 11.08% -1.09% 7.12% 4.95% 6.69%
CBOE S&P 500 BuyWrite Index 1.31% 2.04% 11.41% -0.76% 7.76% 5.66% 6.69%
MSCI USA Large Cap Index 2.95% 4.57% 21.29% 6.37% 14.74% 10.95% 13.46%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PBP Summary Data

Invesco
12/20/07
Open-Ended Fund
0.49%
$315.66M
$1.51M
0.37%

PBP Portfolio Data

$244.82B
22.07
3.34
2.51%
09/23/19
507

PBP Index Data

Fixed
Fixed
MSCI USA Large Cap Index

PBP Portfolio Management

0.49%
-0.44%
-0.22%
-1.11%

PBP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PBP Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

PBP Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

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

69,653
$1.51M
48,181
$1.05M
0.37%
$0.08
-0.01%
0.88% / -0.82%
None
100.00%
50,000
0.96
0.18%
0.00%
0
$21.85
5

PBP Sector/Industry Breakdown


PBP
Segment Benchmark
27.00%
29.02%
16.01%
14.77%
13.64%
14.03%
13.27%
13.15%
10.27%
9.15%
7.30%
7.74%
4.83%
5.11%
3.33%
2.64%
2.22%
2.10%
2.10%
2.30%

PBP Countries


PBP
Segment Benchmark
100.00%
100.00%

PBP Regions


PBP
Segment Benchmark
100.00%
100.00%

PBP Economic Development


PBP
Segment Benchmark
100.00%
100.00%

PBP Performance Statistics

0.90
0.71
0.68
0.84
0.45%
MSCI USA Large Cap Index

PBP MSCI ESG Ratings

BBB
5.35 / 10
59.77
50.12
12.07%
5.55%
186.00

PBP Benchmark Comparison Holdings

507
298
285
88.67%

PBP Benchmark Comparison Summary


PBP
Segment Benchmark
507
298
$244.82B
$268.77B
22.07
21.93
3.34
3.46
1.90%
1.91%
Low
Low

PBP Benchmark Comparison Market Cap Size


PBP
Segment Benchmark
95.45%
99.74%
4.46%
0.26%
0.10%
0.00%
0.00%
0.00%