PBW ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

With an expense ratio of 0.64%, PBW provides exposure to a concentrated portfolio of 63 stocks, differentiating itself through its focus on the clean energy sector and quarterly rebalancing. Past performance does not guarantee future results.

Invesco WilderHill Clean Energy ETF (PBW) ETF — Price, Holdings & Analysis

The Invesco WilderHill Clean Energy ETF (PBW) is an equity ETF with $0.50 billion in assets under management. It seeks to track the WilderHill Clean Energy Index, investing in companies involved in cleaner energy and conservation. With an expense ratio of 0.64%, PBW provides exposure to a concentrated portfolio of 63 stocks, differentiating itself through its focus on the clean energy sector and quarterly rebalancing. Past performance does not guarantee future results.

ETF Overview

The Invesco WilderHill Clean Energy ETF (Fund) is based on the WilderHill Clean Energy Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of stocks of companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation. The Fund and the Index are rebalanced and reconstituted quarterly.

PBW, the Invesco WilderHill Clean Energy ETF, aims to capture the performance of companies at the forefront of the clean energy and conservation industries. The fund tracks the WilderHill Clean Energy Index, investing at least 90% of its total assets in the index's constituent stocks. This ETF offers investors targeted exposure to businesses involved in the advancement of cleaner energy, ranging from renewable energy sources to energy efficiency technologies. PBW's holdings include companies like Bloom Energy Corp Class A (2.71%), Darling Ingredients Inc (2.54%), and Powell Industries Inc (2.50%). The fund's sector allocation is heavily weighted towards Industrials (34.6%), followed by Basic Materials (17.8%) and Consumer Cyclical (13.9%). PBW is rebalanced and reconstituted quarterly, potentially leading to higher turnover as it adjusts to the evolving clean energy landscape. Past performance does not guarantee future results.

Risk Metrics

PBW's risk profile is influenced by its concentrated portfolio of 63 holdings, which can amplify the impact of individual stock performance on the overall fund. The fund's sector allocation also introduces risk, with significant exposure to Industrials (34.6%) and Basic Materials (17.8%); downturns in these sectors could negatively affect PBW's returns. With a beta of 2.01 (3Y), PBW exhibits significantly higher volatility compared to the broader market. The expense ratio of 0.64% also creates a drag on performance, reducing net returns to investors. These factors when evaluating PBW's suitability for their portfolios may be worth researching. Past performance does not guarantee future results.

Expense Ratio

0.64%

What does PBW hold?

Holding	Weight
Bloom Energy Corp Class A (BE)	2.71%
Darling Ingredients Inc (DAR)	2.54%
Powell Industries Inc (POWL)	2.50%
Advanced Energy Industries Inc (AEIS)	2.48%
Cadeler AS ADR (CDLR)	2.34%
Lithium Argentina AG (LAR.TO)	2.34%
ESCO Technologies Inc (ESE)	2.22%
Bel Fuse Inc Class B (BELFB)	2.12%
Quanta Services Inc (PWR)	2.10%
Enphase Energy Inc (ENPH)	2.03%

How Is the Fund Allocated?

Sector	Weight
Industrials	34.6%
Basic Materials	17.8%
Consumer Cyclical	13.9%
Technology	12.6%
Energy	11.1%
Utilities	7.4%
Consumer Defensive	2.5%
Financial Services	0.1%

Country	Weight
United States	76.3%
China	6.6%
Canada	5.3%
Denmark	2.3%
Switzerland	2.0%
Brazil	2.0%
Israel	1.8%
United Kingdom	1.7%
Chile	1.7%
Other	0.1%

Dividend Yield

1.48%

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Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio

Risk Metrics

Beta: 2.01

Questions & Answers

What is PBW and what does it track?

The Invesco WilderHill Clean Energy ETF (PBW) is designed to track the performance of the WilderHill Clean Energy Index.

This index comprises stocks of companies publicly traded in the United States that are engaged in the business of advancing cleaner energy and conservation.

What is the expense ratio for PBW?

PBW has an expense ratio of 0.64%. This means that for every $10,000 invested in the fund, $64 is used to cover the fund's operating expenses annually.

While this expense ratio may seem small, it's important to consider it as a factor that can impact overall returns over time. The expense ratio is higher than the category average, which may influence investor decisions when comparing PBW to other ETFs.

What are the top holdings in PBW?

The top holdings in PBW include Bloom Energy Corp Class A (2.71%), Darling Ingredients Inc (2.54%), and Powell Industries Inc (2.50%). These companies represent a significant portion of the fund's assets and play a key role in its overall performance.

Other notable holdings include Advanced Energy Industries Inc (2.48%) and Cadeler AS ADR (2.34%).

Is PBW a good long-term investment?

Whether PBW is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and belief in the long-term growth potential of the clean energy sector. PBW provides targeted exposure to companies involved in cleaner energy and conservation.

The fund's beta of 2.01 suggests it is more volatile than the overall market.

How does PBW compare to similar ETFs?

PBW differentiates itself through its focus on the WilderHill Clean Energy Index and its quarterly rebalancing schedule. Compared to other clean energy ETFs, PBW may have a different composition of holdings and sector allocations, impacting its performance characteristics.

The fund's expense ratio of 0.64% may be higher than some competing ETFs, which can affect net returns.

Does PBW pay dividends?

Yes, PBW distributes dividends to its shareholders. The fund's current dividend yield is 1.48%. This means that for every $100 invested in PBW, investors can expect to receive $1.48 in dividend payments annually, although this can fluctuate.

Dividend payments are typically made on a quarterly basis, providing investors with a regular income stream. It's important to note that dividend yields can vary over time and are not guaranteed.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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