PBJ
Invesco Dynamic Food & Beverage ETF
The Invesco Dynamic Food & Beverage Portfolio tracks a multifactor, tiered equal-weighted index of US food industry stocks.
Fund Basics
| Fund sponsor | Invesco PowerShares |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $368 |
| Expense ratio | 63 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 +
| ARCHER-DANIELS-MIDLAND CO | 5.4 % |
| GENERAL MILLS INC | 5.2 % |
| PEPSICO INC | 5.1 % |
| SYSCO CORP | 5.0 % |
| HERSHEY CO/THE | 5.0 % |
| KRAFT HEINZ COMPANY | 4.9 % |
| COCA-COLA CO/THE | 4.8 % |
| KEURIG DR PEPPER INC. | 4.8 % |
| PERFORMANCE FOOD GROUP COMPANY | 3.1 % |
| US FOODS HOLDING CORP. | 3.1 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 367 |
| Wgt avg mkt cap (mns) | $45,904 |
| Large cap (>$10bn) | 56.3% |
| Mid cap ($2-10bn) | 29.9% |
| Small cap (<$2bn) | 13.8% |
| Developed mkts. | 97.3% |
| Emerging mkts. | 2.8% |
Country Exposure
 |
UNITED STATES | 97.4 % |
 |
URUGUAY | 2.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2022)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.2% | 17.2% | 19.2% | 13.7% | 8.9% | 10.4% | 8.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 64% |
| MSCI EAFE | 0.62 | 62% |
| MSCI Emg Mkts | 0.42 | 32% |
Liquidity Measures
| Avg. volume (000) | 75 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $4,332 |
Technical Indicators
| Recent close | $48.41 |
| 30d moving avg. | $46.38 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 70 |
| Short interest (ETF) | 0.7% |
| 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 |
|---|---|---|---|---|
| PSL | Invesco DWA Consumer Staples Momentum ETF | 46.1% | -3 bp | -0.8% |
| FTXG | First Trust Nasdaq Food & Beverage ETF | 42.8% | -3 bp | +0.5% |
| FXG | First Trust Consumer Staples AlphaDEX Fund | 41.7% | +1 bp | +1.3% |
| RHS | Invesco S&P 500 Equal Weight Consumer Staples ETF | 40.0% | -23 bp | +0.6% |
| IYK | iShares U.S. Consumer Goods ETF | 28.2% | -24 bp | +0.4% |
| VDC | Vanguard Consumer Staples Index Fund | 27.6% | -53 bp | +0.2% |
| FSTA | Fidelity MSCI Consumer Staples Index ETF | 27.3% | -55 bp | +0.2% |
| XLP | Consumer Staples Select Sector SPDR Fund | 27.1% | -53 bp | +0.1% |
| KXI | iShares Global Consumer Staples ETF | 19.0% | -23 bp | -0.1% |
| UTRN | Vesper U.S. Large Cap Short-Term Reversal Strategy ETF | 18.5% | +12 bp | -0.9% |
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
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 11/30/2022
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
PBJ
5.3%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.3% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 876 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.0%. PBJ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places PBJ in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PBJ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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 | 63.0 | 9.2 | 72.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .