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Invesco PureBeta US Aggregate Bond ETF
ETF
PBND
Payout Change
Pending
Price as of:
$21.77
-0.01
-0.05%
primary theme
N/A
PBND (ETF)
Invesco PureBeta US Aggregate Bond ETF
Payout Change
Pending
Price as of:
$21.77
-0.01
-0.05%
primary theme
N/A
PBND (ETF)
Invesco PureBeta US Aggregate Bond ETF
Payout Change
Pending
Price as of:
$21.77
-0.01
-0.05%
primary theme
N/A
Name
As of 06/23/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-0.2%
1 yr return
-2.3%
3 Yr Avg Return
-4.7%
5 Yr Avg Return
0.3%
Net Assets
$21.8 M
Holdings in Top 10
19.9%
52 WEEK LOW AND HIGH
$21.8
$21.04
$23.39
Expenses
OPERATING FEES
Expense Ratio 0.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 06/23/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PBND - Profile
Distributions
- YTD Total Return -8.8%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.70%
- Dividend Yield 9.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco PureBeta US Aggregate Bond ETF
-
Fund Family NameInvesco
-
Inception DateSep 27, 2017
-
Shares Outstanding2300001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGary Jones
Fund Description
The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the domestic investment grade bond market, represented by U.S. dollar-denominated, investment grade debt securities that are publicly offered for sale in the United States. Constituent securities may include U.S. Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities. Transactions in U.S. government agency mortgage-backed securities may occur through standardized agreements for forward or future delivery in which the actual mortgage pools to be delivered are not specified until shortly prior to settlement (to be announced (“TBA”) transactions). The Fund may engage in such TBA transactions. Pending settlement of TBA transactions, the Fund will invest its assets in high-quality, liquid, short-term instruments, including affiliated money market funds. The Fund also may acquire interests in mortgage pools through means other than such standardized agreements for forward or future delivery.
To qualify for inclusion in the Underlying Index, securities must have: (i) at least one year to final maturity; (ii) at least 18 months to final maturity when issued; (iii) a fixed coupon schedule; and (iv) with the exception of U.S. Treasuries, an investment grade rating (based on an average of ratings by Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings, a division of S&P Global Inc. (“S&P”), and Fitch Ratings, Inc. (“Fitch”)). Original issue zero coupon bonds, Rule 144A securities, corporate pay-in-kind securities and “hybrid” securities (including those that may convert into preferred shares) are eligible for inclusion in the Underlying Index. [However, as of the date of this Prospectus, hybrid securities represent less than 1% of the Underlying Index]. Underlying Index constituents are market capitalization-weighted, based on their current amount outstanding times the market price, plus accrued interest.
As of October 31, 2022, the Underlying Index was comprised of 18,469constituents.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
For the avoidance of doubt, “PureBeta” refers to the market-capitalization weighted methodology of the Underlying Index. It does not refer in any way to the purity or absence of errors or flaws of the market-capitalization weighted methodology of the Underlying Index or of the Fund in seeking to track the investment results of the Underlying Index.
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
PBND - Performance
Return Ranking - Trailing
| Period | PBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -0.2% | -4.3% | 4.3% | 84.31% |
| 1 Yr | -2.3% | -16.8% | 158.0% | 4.78% |
| 3 Yr | -4.7%* | -12.8% | 47.2% | 9.76% |
| 5 Yr | 0.3%* | -10.1% | 55.6% | 6.50% |
| 10 Yr | 0.0%* | -7.5% | 12.6% | 5.79% |
* Annualized
Return Ranking - Calendar
| Period | PBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.9% | -34.7% | 131.9% | 6.36% |
| 2022 | -1.0% | -6.0% | 15.7% | 9.30% |
| 2021 | 2.3% | -9.6% | 118.7% | 14.56% |
| 2020 | 2.2% | -0.4% | 5.8% | 2.75% |
| 2019 | 0.0% | -2.2% | 3.3% | 1.54% |
Total Return Ranking - Trailing
| Period | PBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -8.8% | -15.5% | 4.3% | 97.51% |
| 1 Yr | -8.0% | -16.8% | 158.0% | 91.39% |
| 3 Yr | -0.1%* | -12.8% | 47.2% | 5.12% |
| 5 Yr | N/A* | -10.1% | 55.6% | 9.15% |
| 10 Yr | N/A* | -7.5% | 13.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PBND Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.9% | -34.7% | 131.9% | 6.36% |
| 2022 | -1.0% | -6.0% | 15.7% | 9.40% |
| 2021 | 2.3% | -9.6% | 118.7% | 14.56% |
| 2020 | 2.2% | -0.4% | 5.8% | 2.75% |
| 2019 | 0.0% | -2.2% | 3.3% | 7.21% |
PBND - Holdings
Concentration Analysis
| PBND | Category Low | Category High | PBND % Rank | |
|---|---|---|---|---|
| Net Assets | 21.8 M | 2.88 M | 287 B | 98.08% |
| Number of Holdings | 688 | 1 | 17234 | 50.63% |
| Net Assets in Top 10 | 11.4 M | -106 M | 27.6 B | 93.15% |
| Weighting of Top 10 | 19.92% | 3.7% | 123.9% | 64.98% |
Top 10 Holdings
- Invesco Government Agency Portfolio, Institutional Class 1.89%
- Federal National Mortgage Association 1.31%
- Government National Mortgage Association 0.90%
- Government National Mortgage Association 0.86%
- Federal National Mortgage Association 0.83%
- Federal Home Loan Mortgage Corp. 0.75%
- Federal National Mortgage Association 0.73%
- Federal National Mortgage Association 0.73%
- United States Treasury Note/Bond 0.71%
- Federal National Mortgage Association 0.69%
Asset Allocation
| Weighting | Return Low | Return High | PBND % Rank | |
|---|---|---|---|---|
| Bonds | 84.78% | 3.97% | 268.18% | 93.76% |
| Cash | 13.93% | -181.13% | 95.99% | 6.85% |
| Convertible Bonds | 1.29% | 0.00% | 7.93% | 56.32% |
| Stocks | 0.00% | -0.55% | 24.74% | 51.97% |
| Preferred Stocks | 0.00% | 0.00% | 77.13% | 56.12% |
| Other | 0.00% | -13.23% | 4.55% | 36.45% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PBND % Rank | |
|---|---|---|---|---|
| Government | 46.04% | 0.00% | 86.23% | 5.30% |
| Corporate | 21.87% | 0.00% | 100.00% | 81.39% |
| Securitized | 17.93% | 0.00% | 98.40% | 85.82% |
| Cash & Equivalents | 13.93% | 0.00% | 95.99% | 8.49% |
| Municipal | 0.24% | 0.00% | 100.00% | 59.50% |
| Derivative | 0.00% | 0.00% | 25.16% | 52.75% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PBND % Rank | |
|---|---|---|---|---|
| US | 78.09% | 3.63% | 210.09% | 82.45% |
| Non US | 6.69% | -6.54% | 58.09% | 66.92% |
PBND - Expenses
Operational Fees
| PBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.05% | 0.01% | 20.64% | 98.27% |
| Management Fee | 0.05% | 0.00% | 1.76% | 3.39% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| PBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PBND Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 493.39% | 6.39% |
PBND - Distributions
Dividend Yield Analysis
| PBND | Category Low | Category High | PBND % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.76% | 0.00% | 10.36% | 4.41% |
Dividend Distribution Analysis
| PBND | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| PBND | Category Low | Category High | PBND % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.70% | -1.28% | 8.97% | 50.51% |
Capital Gain Distribution Analysis
| PBND | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 30, 2023 | $0.177 | OrdinaryDividend |
| May 26, 2023 | $0.078 | OrdinaryDividend |
| Apr 28, 2023 | $0.076 | OrdinaryDividend |
| Mar 24, 2023 | $0.063 | OrdinaryDividend |
| Feb 24, 2023 | $0.060 | OrdinaryDividend |
| Jan 27, 2023 | $0.061 | OrdinaryDividend |
| Dec 23, 2022 | $0.089 | OrdinaryDividend |
| Nov 25, 2022 | $0.047 | OrdinaryDividend |
| Oct 28, 2022 | $0.046 | OrdinaryDividend |
| Sep 23, 2022 | $0.045 | OrdinaryDividend |
| Aug 31, 2022 | $0.044 | OrdinaryDividend |
| Jul 22, 2022 | $0.043 | OrdinaryDividend |
| Jun 30, 2022 | $0.041 | OrdinaryDividend |
| May 31, 2022 | $0.041 | OrdinaryDividend |
| Apr 29, 2022 | $0.040 | OrdinaryDividend |
| Mar 31, 2022 | $0.040 | OrdinaryDividend |
| Feb 28, 2022 | $0.040 | OrdinaryDividend |
| Jan 31, 2022 | $0.040 | OrdinaryDividend |
| Nov 30, 2021 | $0.041 | OrdinaryDividend |
| Oct 29, 2021 | $0.042 | OrdinaryDividend |
| Sep 30, 2021 | $0.042 | OrdinaryDividend |
| Jul 30, 2021 | $0.042 | OrdinaryDividend |
| Jun 30, 2021 | $0.042 | OrdinaryDividend |
| May 28, 2021 | $0.042 | OrdinaryDividend |
| Apr 30, 2021 | $0.043 | OrdinaryDividend |
| Mar 31, 2021 | $0.045 | OrdinaryDividend |
| Feb 26, 2021 | $0.047 | OrdinaryDividend |
| Jan 29, 2021 | $0.049 | OrdinaryDividend |
| Nov 30, 2020 | $0.052 | OrdinaryDividend |
| Oct 30, 2020 | $0.053 | OrdinaryDividend |
| Sep 30, 2020 | $0.053 | OrdinaryDividend |
| Aug 31, 2020 | $0.052 | OrdinaryDividend |
| Jul 31, 2020 | $0.054 | OrdinaryDividend |
| Jun 30, 2020 | $0.055 | OrdinaryDividend |
| May 29, 2020 | $0.058 | OrdinaryDividend |
| Apr 30, 2020 | $0.058 | OrdinaryDividend |
| Mar 31, 2020 | $0.058 | OrdinaryDividend |
| Feb 28, 2020 | $0.059 | OrdinaryDividend |
| Jan 31, 2020 | $0.060 | OrdinaryDividend |
| Dec 31, 2019 | $0.057 | OrdinaryDividend |
| Nov 29, 2019 | $0.058 | OrdinaryDividend |
| Oct 31, 2019 | $0.059 | OrdinaryDividend |
| Sep 30, 2019 | $0.060 | OrdinaryDividend |
| Aug 30, 2019 | $0.058 | OrdinaryDividend |
| Jul 31, 2019 | $0.059 | OrdinaryDividend |
| Jun 28, 2019 | $0.058 | OrdinaryDividend |
| May 31, 2019 | $0.059 | OrdinaryDividend |
| Apr 30, 2019 | $0.058 | OrdinaryDividend |
| Mar 29, 2019 | $0.060 | OrdinaryDividend |
| Feb 28, 2019 | $0.059 | OrdinaryDividend |
| Jan 31, 2019 | $0.058 | OrdinaryDividend |
| Dec 31, 2018 | $0.053 | OrdinaryDividend |
| Nov 30, 2018 | $0.058 | OrdinaryDividend |
| Oct 31, 2018 | $0.059 | OrdinaryDividend |
| Sep 28, 2018 | $0.058 | OrdinaryDividend |
| Aug 31, 2018 | $0.060 | OrdinaryDividend |
| Jul 31, 2018 | $0.058 | OrdinaryDividend |
| Jun 29, 2018 | $0.055 | OrdinaryDividend |
| May 31, 2018 | $0.054 | OrdinaryDividend |
| Apr 30, 2018 | $0.054 | OrdinaryDividend |
| Mar 29, 2018 | $0.054 | OrdinaryDividend |
| Feb 28, 2018 | $0.054 | OrdinaryDividend |
| Jan 31, 2018 | $0.053 | OrdinaryDividend |
| Dec 29, 2017 | $0.047 | OrdinaryDividend |
| Nov 30, 2017 | $0.060 | OrdinaryDividend |
| Oct 31, 2017 | $0.053 | OrdinaryDividend |
PBND - Fund Manager Analysis
Managers
Gary Jones
Start Date
Tenure
Tenure Rank
Sep 27, 2017
4.68
4.7%
Gary Jones is a Portfolio Manager of Invesco PowerShares Capital Management LLC and has been one of the Portfolio Managers primarily responsible for the day-to-day management of the Funds since January 2012. Mr. Jones has been a Portfolio Manager of the Adviser since December 2010. Previously, he was a Portfolio Manager of Van Kampen Investments from 2007 to 2009.
Richard Ose
Start Date
Tenure
Tenure Rank
Sep 27, 2017
4.68
4.7%
Richard Ose is a Vice President and Portfolio Manager of the Invesco PowerShares Capital Management LLC and has been employed by the Invesco PowerShares Capital Management LLC since 2011. Mr. Ose has been a Portfolio Manager of the Invesco PowerShares Capital Management LLC since July 2011. Prior to joining the Invesco PowerShares Capital Management LLC, Mr. Ose was an equity and derivatives trader at Claymore Advisors from 2007 to 2011.
Peter Hubbard
Start Date
Tenure
Tenure Rank
Sep 27, 2017
4.68
4.7%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Tom Boksa
Start Date
Tenure
Tenure Rank
Dec 20, 2019
2.45
2.5%
Tom Boksa, Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco since 2013.
Greg Meisenger
Start Date
Tenure
Tenure Rank
May 31, 2021
1.0
1.0%
Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.43 | 6.83 | 1.16 |
