Key stats
About Invesco S&P 500 BuyWrite ETF
Home page
Inception date
Dec 20, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PBP writes covered calls on its portfolio of S&P 500 securities, an options strategy which increases the yield substantially but also limits potential upside. The fund writes the near-term options generally each month, and each options exercise price is at or above the current price level of the S&P 500. By writing options on the securities held in the portfolio, PBP adds income from call premiums at the expense of upside, so returns have differed greatly from those of our benchmark. As a total return version, the underlying index reinvests all dividends paid on the S&P 500 components and the premiums from writing the option. The funds exposure looks pretty market-like, with a very slight midcap tilt and minute sector bets versus our large-cap benchmark. While PBP tends to perform well in bear markets, its inability to capture upside has spelled bad news during the recovery from 2008. The index is rebalanced and reconstituted quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks105.78%
Electronic Technology23.39%
Technology Services21.62%
Finance15.04%
Retail Trade7.88%
Health Technology7.36%
Consumer Non-Durables3.69%
Producer Manufacturing3.37%
Consumer Services2.98%
Utilities2.50%
Energy Minerals2.34%
Consumer Durables2.22%
Transportation1.53%
Process Industries1.45%
Industrial Services0.96%
Communications0.89%
Health Services0.89%
Commercial Services0.74%
Distribution Services0.66%
Non-Energy Minerals0.46%
Miscellaneous0.03%
Bonds, Cash & Other−5.78%
Cash−5.78%
Stock breakdown by region
North America97.53%
Europe2.47%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PBP invests in stocks. The fund's major sectors are Electronic Technology, with 24.74% stocks, and Technology Services, with 22.87% of the basket. The assets are mostly located in the North America region.
PBP top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 8.34% and 7.52% of the portfolio correspondingly.
PBP last dividends amounted to 0.22 USD. The month before, the issuer paid 0.21 USD in dividends, which shows a 2.91% increase.
PBP assets under management is 280.84 M USD. It's risen 99.19% over the last month.
PBP fund flows account for 191.79 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PBP pays dividends to its holders with the dividend yield of 10.90%. The last dividend (Jun 27, 2025) amounted to 0.22 USD. The dividends are paid monthly.
PBP shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 20, 2007, and its management style is Passive.
PBP expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
PBP follows the Cboe S&P 500 BuyWrite Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PBP invests in stocks.
PBP price has risen by 0.00% over the last month, and its yearly performance shows a −2.38% decrease. See more dynamics on PBP price chart.
NAV returns, another gauge of an ETF dynamics, showed a 6.42% increase in three-month performance and has increased by 8.48% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 6.42% increase in three-month performance and has increased by 8.48% in a year.
PBP trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.