Key stats
About Invesco Food & Beverage ETF
Expense ratio
0.57%
Home page
Inception date
Jun 23, 2005
ISIN
US46137V7534
PBJ offers a concentrated exposure to 30 US stocks in the food & beverage segment using quant screens based on five factors: price momentum, earnings momentum, quality, management action, and value. The resulting portfolio provides significant industry tilts and a far lower average market cap compared to its benchmark. PBJ defines the segment broadly to include food retailers and restaurants, while severely underweighting beverage stocks, and ignoring tobacco and pet supplies stores entirely. Historically, around half of PBJ's portfolio is in its top ten holdings. The index tier weighting reduces concentrations in mega-caps and evenly weights the group of companies across size. The fund and the index are rebalanced and reconstituted quarterly in February, May, August and November. Prior to August 28, 2023, the fund traded under the name Invesco Dynamic Food & Beverage ETF.
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Process Industries
Transportation
Retail Trade
Stock breakdown by region