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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco S&P 500 BuyWrite ETF

PBP | ETF

$23.04

$89.7 M

11.06%

$2.54

0.29%

Vitals

YTD Return

16.1%

1 yr return

20.6%

3 Yr Avg Return

5.0%

5 Yr Avg Return

6.1%

Net Assets

$89.7 M

Holdings in Top 10

34.8%

52 WEEK LOW AND HIGH

$22.9
$21.12
$23.29

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco S&P 500 BuyWrite ETF

PBP | ETF

$23.04

$89.7 M

11.06%

$2.54

0.29%

PBP - Profile

Distributions

  • YTD Total Return 16.1%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.19%
DIVIDENDS
  • Dividend Yield 11.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco S&P 500 BuyWrite ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Dec 20, 2007
  • Shares Outstanding
    6250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index and will write (sell) call options thereon.
Strictly in accordance with its guidelines and mandated procedures, the Chicago Board Options Exchange, Incorporated (the “CBOE” or the “Index Provider”) compiles, calculates and maintains the Underlying Index, which is a total return benchmark index that is designed to track the performance of a hypothetical “buy-write” strategy on the S&P 500® Index. The Underlying Index is based on (1) buying an S&P 500 stock index portfolio, and (2) “writing” (or selling) the near-term S&P 500® Index “covered” call option, generally on the third Friday of each month. A “buy-write,” also called a covered call, generally is considered an investment strategy in which an investor buys a stock or basket of stocks, and sells call options that correspond to the stock or basket of stocks. In return for a premium, the Fund gives the right to the purchaser of the option written by the Fund to receive a cash payment equal to the difference between the value of the S&P 500® Index and the exercise price, if the value on the expiration date is above the exercise price. In addition, covered call options partially hedge against a decline in the price of the securities on which they are written to the extent of the premium the Fund receives. The Fund will write options that are traded on national securities exchanges.
As of June 30, 2024, the Underlying Index was comprised of 503 constituents with market capitalizations ranging from $5.4 billion to $3.3trillion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
The Fund intends to be “diversified,” as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), to the extent that the Underlying Index is diversified. The Fund may become “non-diversified” as defined in the 1940 Act solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act and may invest a greater portion of its assets in securities of a small group of issuers or in any one individual issuer than can a diversified fund. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status solely due to a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. In seeking to track the Underlying Index, the Fund was managed as diversified as of April 30, 2024.
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of April 30, 2024, the Fund had significant exposure to the information technology sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Read More

PBP - Performance

Return Ranking - Trailing

Period PBP Return Category Return Low Category Return High Rank in Category (%)
YTD 16.1% -2.8% 240.8% 43.48%
1 Yr 20.6% -4.3% 140.6% 43.91%
3 Yr 5.0%* -8.3% 18.3% 82.69%
5 Yr 6.1%* -5.0% 17.3% 64.41%
10 Yr 6.1%* -4.6% 13.2% 60.78%

* Annualized

Return Ranking - Calendar

Period PBP Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -34.1% 904.0% 81.08%
2022 -13.0% -28.6% 438.4% 64.16%
2021 12.8% -93.5% 8.2% 41.38%
2020 -4.9% -38.9% 19.8% 75.97%
2019 9.1% -10.9% 12.8% 37.86%

Total Return Ranking - Trailing

Period PBP Return Category Return Low Category Return High Rank in Category (%)
YTD 16.1% -2.7% 244.0% 35.97%
1 Yr 20.6% -4.3% 140.6% 41.30%
3 Yr 5.0%* -8.3% 18.3% 80.77%
5 Yr 6.1%* -5.4% 17.3% 62.71%
10 Yr 6.1%* -4.6% 13.2% 60.78%

* Annualized

Total Return Ranking - Calendar

Period PBP Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% -34.1% 904.0% 81.08%
2022 -11.8% -5.9% 438.4% 64.74%
2021 20.0% -81.2% 8.2% 55.17%
2020 -3.3% -29.0% 19.8% 86.82%
2019 15.2% -10.9% 12.8% 55.34%

PBP - Holdings

Concentration Analysis

PBP Category Low Category High PBP % Rank
Net Assets 89.7 M 25 17.4 B 32.58%
Number of Holdings 504 2 508 0.76%
Net Assets in Top 10 32.2 M -6.66 M 5.12 B 61.07%
Weighting of Top 10 34.78% 11.3% 100.0% 78.00%

Top 10 Holdings

  1. Apple Inc. 6.99%
  2. Microsoft Corp. 6.79%
  3. NVIDIA Corp. 6.28%
  4. Amazon.com, Inc. 3.74%
  5. Meta Platforms, Inc., Class A 2.27%
  6. Alphabet Inc., Class A 2.20%
  7. Alphabet Inc., Class C 1.85%
  8. Berkshire Hathaway Inc., Class B 1.73%
  9. Broadcom Inc. 1.53%
  10. Tesla, Inc. 1.41%

Asset Allocation

Weighting Return Low Return High PBP % Rank
Stocks 		101.22% -3.92% 100.76% 11.07%
Cash 		0.03% -0.76% 100.29% 91.98%
Preferred Stocks 		0.00% 0.00% 3.08% 32.82%
Convertible Bonds 		0.00% 0.00% 20.91% 35.50%
Bonds 		0.00% 0.00% 97.96% 38.55%
Other 		-1.25% 0.00% 45.92% 46.18%

Stock Sector Breakdown

Weighting Return Low Return High PBP % Rank
Technology 		24.45% 0.00% 44.43% 38.24%
Healthcare 		14.47% 0.00% 25.91% 58.82%
Financial Services 		13.41% 0.00% 29.60% 52.52%
Consumer Cyclical 		10.75% 0.00% 19.02% 41.60%
Communication Services 		8.81% 0.00% 21.22% 51.68%
Industrials 		8.19% 1.41% 43.91% 39.92%
Consumer Defense 		6.90% 0.00% 22.87% 53.36%
Energy 		4.80% 0.00% 69.54% 52.10%
Utilities 		2.98% 0.00% 13.35% 44.54%
Real Estate 		2.77% 0.00% 9.74% 42.86%
Basic Materials 		2.47% 0.00% 60.58% 43.70%

Stock Geographic Breakdown

Weighting Return Low Return High PBP % Rank
US 		101.22% -3.89% 100.00% 13.74%
Non US 		0.00% -2.17% 99.33% 40.84%

PBP - Expenses

Operational Fees

PBP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.20% 6.78% 97.53%
Management Fee 0.29% 0.20% 1.75% 8.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

PBP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PBP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PBP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 456.80% 47.77%

PBP - Distributions

Dividend Yield Analysis

PBP Category Low Category High PBP % Rank
Dividend Yield 11.06% 0.00% 3.76% 4.46%

Dividend Distribution Analysis

PBP Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

PBP Category Low Category High PBP % Rank
Net Income Ratio 1.19% -2.54% 14.24% 16.80%

Capital Gain Distribution Analysis

PBP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PBP - Fund Manager Analysis

Managers

Peter Hubbard

Start Date

Tenure

Tenure Rank

Dec 20, 2007

14.45

14.5%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Theodore Samulowitz

Start Date

Tenure

Tenure Rank

Aug 30, 2013

8.76

8.8%

Theodore Samulowitz is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC. He has been a Portfolio Manager of Invesco PowerShares Capital Mgmt LLC since May 2012. Prior to that, he was the Managing Partner of Endurance Capital Markets LLC from 2010 to May 2012 and a Portfolio Manager of CMT Asset Management from 2006 to 2010.

Michael Jeanette

Start Date

Tenure

Tenure Rank

Oct 02, 2013

8.67

8.7%

Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.

Tony Seisser

Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.76

7.8%

Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.

David Hemming

Start Date

Tenure

Tenure Rank

Sep 21, 2016

5.69

5.7%

David Hemming, Senior Portfolio Manager of the Invesco Capital Management LLC, Commodities and Alternatives.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67

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