ETF overview
The Invesco S&P 500 BuyWrite ETF, or "the Fund," aligns its investment strategy with the CBOE S&P 500 BuyWrite Index, referred to as "the Index." At least 90% of the Fund's assets are typically committed to the securities making up this Index, against which it then sells call options. The Index serves as a benchmark measuring total returns, specifically engineered to simulate a "buy-write" investment strategy on the S&P 500 Index. This involves calculating the complete return from an S&P 500 covered call methodology. Such a methodology entails maintaining a substantial investment (a long position) tracking the S&P 500 Index, while concurrently generating income by selling a series of covered call options. These options are structured so their exercise price is always equivalent to or greater than the prevailing market price of the S&P 500 Index. All dividends received from the underlying S&P 500 component stocks, along with the cash value of premiums collected from selling options, are consistently reinvested. Both the Fund and its guiding Index undergo adjustments, including rebalancing and reconstitution, on a monthly schedule.
Fund facts
- Expense ratio
- 0.29%
- Fund assets
- 391M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 20, 2007
- Number of holdings
- 506
Breakdown
Holdings (506)
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 8.00% |
| Apple Inc | AAPL | 7.59% |
| Microsoft Corp | MSFT | 6.09% |
| Amazon.com Inc | AMZN | 3.80% |
| Alphabet Inc | GOOGL | 3.12% |
| Alphabet Inc | GOOG | 2.49% |
| Broadcom Inc | AVGO | 2.49% |
| Meta Platforms Inc | META | 2.47% |
| Micron Technology Inc | MU | 1.60% |
| Tesla Inc | TSLA | 1.55% |
| and 493 more | ||
Similar ETFs
- iShares S&P 500 BuyWrite ETFIVVW · Overlap 100% · Expense ratio 0.25%
- Global X - S&P 500 Covered Call ETFXYLD · Overlap 100% · Expense ratio 0.60%
- Global X - S&P 500 Risk Managed Income ETFXRMI · Overlap 100% · Expense ratio 0.60%
- Pacer Trendpilot US Large Cap ETFPTLC · Overlap 99% · Expense ratio 0.60%
- Global X S&P 500 Covered Call & Growth ETFXYLG · Overlap 99% · Expense ratio 0.35%
- Innovator U.S. Equity 10 Buffer ETF - QuarterlyZALT · Overlap 99% · Expense ratio 0.69%
- Innovator U.S. Equity Buffer ETF - OctoberBOCT · Overlap 98% · Expense ratio 0.79%
- Innovator U.S. Equity Power Buffer ETF - OctoberPOCT · Overlap 98% · Expense ratio 0.79%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.29%
- Fund assets
- 391M USD (all share classes)
- Issuer
- Invesco
- Inception date
- Dec 20, 2007
- Number of holdings
- 506
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 8.00% |
| Apple Inc | AAPL | 7.59% |
| Microsoft Corp | MSFT | 6.09% |
| Amazon.com Inc | AMZN | 3.80% |
| Alphabet Inc | GOOGL | 3.12% |
| Alphabet Inc | GOOG | 2.49% |
| Broadcom Inc | AVGO | 2.49% |
| Meta Platforms Inc | META | 2.47% |
| Micron Technology Inc | MU | 1.60% |
| Tesla Inc | TSLA | 1.55% |
| and 493 more | ||
The Invesco S&P 500 BuyWrite ETF, or "the Fund," aligns its investment strategy with the CBOE S&P 500 BuyWrite Index, referred to as "the Index." At least 90% of the Fund's assets are typically committed to the securities making up this Index, against which it then sells call options. The Index serves as a benchmark measuring total returns, specifically engineered to simulate a "buy-write" investment strategy on the S&P 500 Index. This involves calculating the complete return from an S&P 500 covered call methodology. Such a methodology entails maintaining a substantial investment (a long position) tracking the S&P 500 Index, while concurrently generating income by selling a series of covered call options. These options are structured so their exercise price is always equivalent to or greater than the prevailing market price of the S&P 500 Index. All dividends received from the underlying S&P 500 component stocks, along with the cash value of premiums collected from selling options, are consistently reinvested. Both the Fund and its guiding Index undergo adjustments, including rebalancing and reconstitution, on a monthly schedule.
- iShares S&P 500 BuyWrite ETFIVVW · Overlap 100% · Expense ratio 0.25%
- Global X - S&P 500 Covered Call ETFXYLD · Overlap 100% · Expense ratio 0.60%
- Global X - S&P 500 Risk Managed Income ETFXRMI · Overlap 100% · Expense ratio 0.60%
- Pacer Trendpilot US Large Cap ETFPTLC · Overlap 99% · Expense ratio 0.60%
- Global X S&P 500 Covered Call & Growth ETFXYLG · Overlap 99% · Expense ratio 0.35%
- Innovator U.S. Equity 10 Buffer ETF - QuarterlyZALT · Overlap 99% · Expense ratio 0.69%
- Innovator U.S. Equity Buffer ETF - OctoberBOCT · Overlap 98% · Expense ratio 0.79%
- Innovator U.S. Equity Power Buffer ETF - OctoberPOCT · Overlap 98% · Expense ratio 0.79%
Overlap is the share of assets the two funds hold in common.
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