PBJ

Invesco Food & Beverage ETF

The Invesco Dynamic Food & Beverage Portfolio tracks a multifactor, tiered equal-weighted index of US food industry stocks.


Rules-Based, Concentrated

MANAGEMENT MATRIX

FTXG

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorInvesco PowerShares
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJun 23, 2005
Assets (mns)$133
Expense ratio57 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
DOORDASH, INC. CLASS A 5.5 %
KROGER CO 5.4 %
CONSTELLATION BRANDS INC-A 5.0 %
MONSTER BEVERAGE CORPORATION 5.0 %
SYSCO CORP 4.8 %
PEPSICO INC 4.7 %
KRAFT HEINZ COMPANY 4.6 %
MONDELEZ INTERNATIONAL INC-A 4.6 %
SPROUTS FARMERS MARKET INC 3.0 %
WK KELLOGG CO 2.8 %
Constituent Breakdown
Number of holdings27
Herfindahl-Hirschman Index 418
Wgt avg mkt cap (mns)$44,068
Large cap (>$10bn)55.0%
Mid cap ($2-10bn)25.9%
Small cap (<$2bn)19.1%
Developed mkts.97.1%
Emerging mkts.2.9%
Country Exposure
UNITED STATES 82.4 %
IRELAND 2.7 %
BRITAIN 2.7 %
LUXEMBOURG 2.7 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 4.3% 3.7% 9.0% 8.6% 7.0% 7.8%
Market Correlations
versus...BetaR-squared
S&P 5000.6055%
MSCI EAFE0.6254%
MSCI Emg Mkts0.3720%
Liquidity Measures
Avg. volume (000)15
Turnover0.6%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$5,013
Technical Indicators
Recent close$48.78
30d moving avg.$43.90
Annualized volatility14.5%
Relative strength (RSI)70
Short interest (ETF)0.5%
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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Risk and Returns: PBJ vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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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 --%
0.6 17.4 2.0 1.7% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

PBJ

5.4%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.4%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. PBJ's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places PBJ in the 47th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
PBJ
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.