PBJ
Invesco Food & Beverage ETF
The Invesco Dynamic Food & Beverage Portfolio tracks a multifactor, tiered equal-weighted index of US food industry stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
98.8 M
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $99 |
| Expense ratio | 57 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KROGER CO | 5.2 % |
| KEURIG DR PEPPER INC. | 5.1 % |
| GENERAL MILLS INC | 5.1 % |
| MAPLEBEAR INC | 5.1 % |
| CONSTELLATION BRANDS INC-A | 5.0 % |
| KRAFT HEINZ COMPANY | 5.0 % |
| COCA-COLA CO/THE | 4.9 % |
| DOORDASH, INC. CLASS A | 4.9 % |
| CORTEVA INC | 4.7 % |
| VITAL FARMS INC | 3.2 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 385 |
| Wgt avg mkt cap (mns) | $31,274 |
| Large cap (>$10bn) | 63.4% |
| Mid cap ($2-10bn) | 9.5% |
| Small cap (<$2bn) | 23.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.3 % |
 |
IRELAND | 2.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.9% | 12.7% | 2.7% | 7.3% | 9.2% | 6.2% | 7.9% | Volatility | 11.0% | 11.4% | 11.6% | 13.8% | 17.2% | 15.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 53% |
| MSCI EAFE | 0.58 | 49% |
| MSCI Emg Mkts | 0.36 | 18% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $3,280 |
Technical Indicators
| Recent close | $47.02 |
| 30d moving avg. | $48.43 |
| Annualized volatility | 14.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 5.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PBJ |
Expenses vs. PBJ |
ALTAR Score™ vs. PBJ |
|---|---|---|---|---|
| FTXG | First Trust Nasdaq Food & Beverage ETF | 46.1% | +3 bp | +0.6% |
| FXG | First Trust Consumer Staples AlphaDEX Fund | 36.4% | +6 bp | +1.1% |
| RSPS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 30.4% | -17 bp | +2.0% |
| PSL | Invesco Dorsey Wright Consumer Staples Momentum ETF | 27.3% | +3 bp | -1.4% |
| IYK | iShares U.S. Consumer Staples ETF | 21.0% | -17 bp | +0.5% |
| XLP | Consumer Staples Select Sector SPDR Fund | 20.2% | -48 bp | +0.1% |
| FSTA | FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF | 18.7% | -49 bp | -0.4% |
| VDC | Vanguard Consumer Staples ETF | 17.5% | -47 bp | -0.5% |
| MOO | VanEck Agribusiness ETF | 13.3% | -4 bp | +3.7% |
| PEJ | Invesco Leisure and Entertainment ETF | 12.9% | +1 bp | -5.4% |
Risk and Returns: PBJ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PBJ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
PBJ
6.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. PBJ's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places PBJ in the 63rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PBJSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PBJ (57 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PBJ | 57.0 | 14.2 | 71.2 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .