ATLASInvesco S&P 500 BuyWrite ETF (PBP): outlook, holdings and fees
Invesco S&P 500 BuyWrite ETF (PBP) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.27% and the yield is 6.52%. The ten largest holdings are 40% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PBP
| Last price | $23.03 (-1.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 59% |
| Likely 1-month range (50%) | $22.79 – $23.53 |
| Normal 1-day range (±1σ) | ±0.5% |
| Distribution yield | 6.52% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PBP fund facts
| Issuer | Invesco |
|---|---|
| Theme | Option income |
| Assets under management | $393M |
| Expense ratio | 0.27% |
| Number of holdings | 50 |
| Portfolio turnover | 0% |
| Inception | Dec 20, 2007 |
| Exchange | CBOE |
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index and will write (sell) call options thereon. The underlying index is a total return benchmark index that is designed to track the performance of a hypothetical buy-write strategy on the S&P 500® Index.
PBP top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 8.62% |
| Apple Inc. AAPL | Technology | 7.17% |
| Microsoft Corporation MSFT | Technology | 5.80% |
| Amazon.com Inc AMZN | Consumer Cyclical | 3.94% |
| Alphabet Inc Class A GOOGL | Communication Services | 3.29% |
| Broadcom Inc AVGO | Technology | 2.57% |
| Alphabet Inc Class C GOOG | Communication Services | 2.56% |
| Meta Platforms Inc. META | Communication Services | 2.52% |
| Micron Technology Inc MU | Technology | 1.84% |
| Tesla Inc TSLA | Consumer Cyclical | 1.57% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PBP sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.6% |
| Financial Services | 11.9% |
| Communication Services | 10.0% |
| Healthcare | 9.3% |
| Consumer Cyclicals | 8.5% |
| Industrials | 7.7% |
| Consumer Defensive | 4.6% |
| Energy | 3.4% |
| Utilities | 1.9% |
| Real Estate | 1.7% |
| Basic Materials | 1.5% |
By region: North America 99.6%, Europe Developed 0.3%.
PBP returns and risk
| Year to date | +11.6% |
|---|---|
| 1 year | +18.5% |
| 3 years (annualised) | +14.7% |
| 5 years (annualised) | +8.8% |
| 10 years (annualised) | +7.6% |
| Volatility (3 years) | 6.2% |
| Sharpe ratio (3 years) | 1.50 |
Past returns do not guarantee future results.
PBP: frequently asked questions
What does PBP invest in?
Invesco S&P 500 BuyWrite ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (8.6%), Apple Inc. (7.2%), Microsoft Corporation (5.8%), Amazon.com Inc (3.9%), Alphabet Inc Class A (3.3%).
What is the PBP expense ratio?
0.27% a year: about $27.00 for every $10,000 invested.
What is the PBP dividend yield?
6.52%. ATLAS does not hold the exact distribution dates for ETFs.
Will PBP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 59%, with a likely range (50%) of $22.79 to $23.53 from $23.03 today. It is a probability, not a prediction.
How has PBP performed?
Year to date +11.6%, one year +18.5%, three years +14.7% a year, five years +8.8% a year. Past returns do not guarantee future results.
Similar ETFs: Option income
Educational information, not investment advice. Disclaimer