PBP Invesco S&P 500 BuyWrite ETF

*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 09/30/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PBP -6.94% -7.94% -17.40% -12.24% -0.11% 1.35% 4.04%
PBP (NAV) -6.54% -7.62% -17.28% -11.54% -0.07% 1.40% 4.07%
CBOE S&P 500 BuyWrite Index -6.57% -7.59% -17.01% -11.21% 0.48% 1.94% 4.76%
MSCI USA Large Cap Index -9.18% -4.85% -24.75% -16.89% 8.36% 9.47% 11.80%
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%
$95.86M
$934.96K
0.56%

PBP Portfolio Data

$531.08B
18.83
3.88
7.83%
N/A
504

PBP Index Data

CBOE S&P 500 BuyWrite Index
Fixed
Fixed
MSCI USA Large Cap Index

PBP Portfolio Management

0.49%
-0.44%
-0.32%
-0.55%

PBP Tax Exposures

20.00% / 39.60%
3.46%
Qualified dividends
No

PBP Fund Structure

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

PBP Factset Analytics Block Liquidity

As of 10/03/22
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

46,639
$934.96K
26,899
$558.14K
0.56%
$0.11
-0.03%
1.31% / -0.70%
None
100.00%
50,000
0.54
0.17%
0.00%
13
$18.94
5

PBP Sector/Industry Breakdown


PBP
Segment Benchmark
16.59%
--
14.88%
--
13.31%
--
11.35%
--
8.12%
--
5.61%
--
3.95%
--
3.72%
--
3.40%
--
3.08%
--

PBP Countries


PBP
Segment Benchmark
100.00%
99.88%
--
0.12%

PBP Regions


PBP
Segment Benchmark
100.00%
100.00%

PBP Economic Development


PBP
Segment Benchmark
100.00%
100.00%
0.00%
0.00%

PBP Performance Statistics

0.83
0.62
0.58
0.78
0.73%
MSCI USA Large Cap Index

PBP Benchmark Comparison Holdings

504
297
267
88.34%

PBP Benchmark Comparison Summary


PBP
Segment Benchmark
504
297
$531.08B
$587.10B
18.83
19.57
3.88
4.18
1.58%
1.55%
Low
Medium

PBP Benchmark Comparison Market Cap Size


PBP
Segment Benchmark
98.07%
99.92%
1.96%
0.08%
0.00%
0.00%
0.00%
0.00%