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Invesco S&P 500 BuyWrite ETF
ETF
PBP
Payout Change
Pending
Price as of:
$22.6129
+0.1
+0.46%
primary theme
N/A
PBP (ETF)
Invesco S&P 500 BuyWrite ETF
Payout Change
Pending
Price as of:
$22.6129
+0.1
+0.46%
primary theme
N/A
PBP (ETF)
Invesco S&P 500 BuyWrite ETF
Payout Change
Pending
Price as of:
$22.6129
+0.1
+0.46%
primary theme
N/A
Name
As of 11/01/2024Price
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
Vitals
YTD Return
12.9%
1 yr return
16.6%
3 Yr Avg Return
4.2%
5 Yr Avg Return
5.6%
Net Assets
$89.7 M
Holdings in Top 10
34.8%
52 WEEK LOW AND HIGH
$22.5
$21.12
$23.08
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 11/01/2024Price
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
PBP - Profile
Distributions
- YTD Total Return 12.9%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.19%
- Dividend Yield 10.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco S&P 500 BuyWrite ETF
-
Fund Family NameINVESCOETF
-
Inception DateDec 20, 2007
-
Shares Outstanding6250000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter 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.
PBP - Performance
Return Ranking - Trailing
| Period | PBP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.9% | -2.8% | 240.8% | 43.48% |
| 1 Yr | 16.6% | -4.3% | 140.6% | 43.91% |
| 3 Yr | 4.2%* | -8.3% | 18.3% | 82.69% |
| 5 Yr | 5.6%* | -5.0% | 17.3% | 64.41% |
| 10 Yr | 5.8%* | -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 | 12.9% | -2.7% | 244.0% | 35.97% |
| 1 Yr | 16.6% | -4.3% | 140.6% | 41.30% |
| 3 Yr | 4.2%* | -8.3% | 18.3% | 80.77% |
| 5 Yr | 5.6%* | -5.4% | 17.3% | 62.71% |
| 10 Yr | 5.8%* | -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
- Apple Inc. 6.99%
- Microsoft Corp. 6.79%
- NVIDIA Corp. 6.28%
- Amazon.com, Inc. 3.74%
- Meta Platforms, Inc., Class A 2.27%
- Alphabet Inc., Class A 2.20%
- Alphabet Inc., Class C 1.85%
- Berkshire Hathaway Inc., Class B 1.73%
- Broadcom Inc. 1.53%
- 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 | 10.05% | 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
| Date | Amount | Type |
|---|---|---|
| Oct 21, 2024 | $0.189 | OrdinaryDividend |
| Sep 23, 2024 | $0.227 | OrdinaryDividend |
| Aug 19, 2024 | $0.174 | OrdinaryDividend |
| Jul 22, 2024 | $0.163 | OrdinaryDividend |
| Jun 24, 2024 | $0.164 | OrdinaryDividend |
| Apr 22, 2024 | $0.172 | OrdinaryDividend |
| Mar 18, 2024 | $0.175 | OrdinaryDividend |
| Feb 20, 2024 | $0.174 | OrdinaryDividend |
| Jan 22, 2024 | $0.154 | OrdinaryDividend |
| Dec 18, 2023 | $0.157 | OrdinaryDividend |
| Nov 20, 2023 | $0.210 | OrdinaryDividend |
| Oct 23, 2023 | $0.168 | OrdinaryDividend |
| Sep 18, 2023 | $0.060 | OrdinaryDividend |
| Jun 20, 2023 | $0.061 | OrdinaryDividend |
| Mar 20, 2023 | $0.070 | OrdinaryDividend |
| Dec 19, 2022 | $0.065 | OrdinaryDividend |
| Sep 19, 2022 | $0.068 | OrdinaryDividend |
| Jun 21, 2022 | $0.066 | OrdinaryDividend |
| Mar 21, 2022 | $0.070 | OrdinaryDividend |
| Dec 20, 2021 | $0.039 | OrdinaryDividend |
| Dec 20, 2021 | $1.241 | CapitalGainShortTerm |
| Sep 20, 2021 | $0.061 | OrdinaryDividend |
| Jun 21, 2021 | $0.067 | OrdinaryDividend |
| Mar 22, 2021 | $0.029 | OrdinaryDividend |
| Dec 21, 2020 | $0.090 | OrdinaryDividend |
| Sep 21, 2020 | $0.059 | OrdinaryDividend |
| Jun 22, 2020 | $0.058 | OrdinaryDividend |
| Mar 23, 2020 | $0.082 | OrdinaryDividend |
| Dec 23, 2019 | $0.099 | OrdinaryDividend |
| Dec 23, 2019 | $0.755 | CapitalGainShortTerm |
| Dec 23, 2019 | $0.106 | CapitalGainLongTerm |
| Sep 23, 2019 | $0.090 | OrdinaryDividend |
| Jun 24, 2019 | $0.088 | OrdinaryDividend |
| Mar 18, 2019 | $0.057 | OrdinaryDividend |
| Dec 26, 2018 | $0.076 | CapitalGainShortTerm |
| Dec 26, 2018 | $0.155 | CapitalGainLongTerm |
| Dec 24, 2018 | $0.088 | OrdinaryDividend |
| Sep 24, 2018 | $0.082 | OrdinaryDividend |
| Jun 18, 2018 | $0.080 | OrdinaryDividend |
| Mar 19, 2018 | $0.029 | OrdinaryDividend |
| Dec 27, 2017 | $1.142 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.130 | CapitalGainLongTerm |
| Dec 18, 2017 | $0.085 | OrdinaryDividend |
| Sep 18, 2017 | $0.500 | OrdinaryDividend |
| Jun 16, 2017 | $0.473 | OrdinaryDividend |
| Dec 27, 2016 | $0.176 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.144 | OrdinaryDividend |
| Sep 16, 2016 | $0.079 | OrdinaryDividend |
| Jun 17, 2016 | $0.103 | OrdinaryDividend |
| Mar 18, 2016 | $0.043 | OrdinaryDividend |
| Dec 24, 2015 | $0.287 | CapitalGainShortTerm |
| Dec 24, 2015 | $0.051 | CapitalGainLongTerm |
| Dec 18, 2015 | $0.121 | OrdinaryDividend |
| Sep 18, 2015 | $0.072 | OrdinaryDividend |
| Sep 18, 2015 | $0.200 | CapitalGainShortTerm |
| Jun 19, 2015 | $0.103 | OrdinaryDividend |
| Jun 19, 2015 | $0.200 | CapitalGainShortTerm |
| Mar 20, 2015 | $0.033 | OrdinaryDividend |
| Dec 24, 2014 | $0.172 | CapitalGainShortTerm |
| Dec 19, 2014 | $0.089 | OrdinaryDividend |
| Sep 19, 2014 | $0.320 | OrdinaryDividend |
| Jun 20, 2014 | $0.421 | OrdinaryDividend |
| Mar 21, 2014 | $0.025 | OrdinaryDividend |
| Dec 24, 2013 | $0.007 | CapitalGainLongTerm |
| Dec 20, 2013 | $0.692 | OrdinaryDividend |
| Sep 20, 2013 | $0.340 | OrdinaryDividend |
| Jun 21, 2013 | $0.297 | OrdinaryDividend |
| Mar 15, 2013 | $0.039 | OrdinaryDividend |
| Dec 24, 2012 | $0.145 | CapitalGainLongTerm |
| Dec 21, 2012 | $0.402 | OrdinaryDividend |
| Sep 21, 2012 | $0.090 | OrdinaryDividend |
| Jun 15, 2012 | $0.124 | OrdinaryDividend |
| Mar 16, 2012 | $0.099 | OrdinaryDividend |
| Dec 27, 2011 | $0.110 | CapitalGainLongTerm |
| Dec 16, 2011 | $1.836 | OrdinaryDividend |
| Sep 16, 2011 | $0.071 | OrdinaryDividend |
| Jun 17, 2011 | $0.091 | OrdinaryDividend |
| Mar 18, 2011 | $0.027 | OrdinaryDividend |
| Dec 28, 2010 | $1.357 | CapitalGainShortTerm |
| Dec 17, 2010 | $0.116 | OrdinaryDividend |
| Sep 17, 2010 | $0.065 | OrdinaryDividend |
| Jun 18, 2010 | $0.061 | OrdinaryDividend |
| Mar 19, 2010 | $0.053 | OrdinaryDividend |
| Dec 18, 2009 | $0.082 | OrdinaryDividend |
| Sep 18, 2009 | $0.065 | OrdinaryDividend |
| Jun 19, 2009 | $0.090 | OrdinaryDividend |
| Mar 20, 2009 | $0.093 | OrdinaryDividend |
| Dec 19, 2008 | $0.072 | OrdinaryDividend |
| Sep 19, 2008 | $0.058 | OrdinaryDividend |
| Jun 20, 2008 | $0.238 | OrdinaryDividend |
| Mar 25, 2008 | $0.053 | OrdinaryDividend |
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 |
