PBS ETF ANALYSIS

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PBS ETF FUNDAMENTALS
PBS ETF PERFORMANCE

PBS ISSUER

The Invesco Dynamic Media ETF (PBS) is managed by Invesco Capital Management LLC and seeks to provide investment results that correspond to the performance of the Dynamic Media Intellidex Index. This ETF was established to offer investors exposure to U.S. media companies primarily engaged in the development, production, sale, and distribution of goods or services within the media industry. As of June 30, 2022, the Dynamic Media Intellidex Index comprised 30 constituents with market capitalizations ranging from $508.6 million to $1.3 trillion. PBS employs a full replication methodology to track the index, meaning it generally invests in all index securities in proportion to their weightings. Please note that PBS may concentrate its investments in the media industry, and its portfolio holdings and concentration may change over time due to market dynamics.

PBS DIVIDEND

The PBS Dividend ETF focuses on generating dividend income by investing in securities from U.S. media companies. These companies are primarily involved in the production, distribution, and sale of goods and services within the media industry. Dividend distributions from this ETF typically follow the performance and dividend policies of the underlying index, comprised of 30 constituents as of June 30, 2022, with varying market capitalizations. The fund employs a full replication approach, aiming to mirror the underlying index by investing in the constituent securities in proportion to their weightings. While PBS Dividend may concentrate its investments in the media industry due to the index's composition, it is not restricted from diversifying its holdings. Investors seeking exposure to dividend-paying stocks within the media sector may find this ETF appealing for potential income generation and capital appreciation.

PBS TRACKING

The PBS Tracking ETF primarily focuses on mirroring the performance of the Underlying Index, which consists of common stocks from U.S. media companies primarily involved in the production, distribution, and sale of media-related goods and services. These companies encompass a wide spectrum of the media industry, including television and radio stations, broadcast and cable networks, motion picture companies, music producers, print publishers, and providers of internet-delivered content, along with satellite and traditional cable services. As of June 30, 2022, the Underlying Index consisted of 30 constituents, with market capitalizations ranging from $508.6 million to $1.3 trillion. The fund employs a full replication methodology to closely follow the weightings of the securities in the Underlying Index. Please note that the fund is non-diversified and may concentrate its investments in industries represented in the Underlying Index. The composition of the fund's portfolio holdings may change over time.

PBS CORRELATION

The correlation aspect of the PBS ETF, which tracks the performance of U.S. media companies, is essential for investors looking to gauge its behavior in relation to the media industry. Given its focus on media stocks, PBS typically exhibits a strong correlation with the media sector, making it a valuable tool for investors interested in this specific industry. Understanding PBS's correlation with other media-related assets and sectors can help investors make informed decisions and gain insights into the media industry's overall trends.

PBS SECTOR

The Public Broadcasting Service (PBS) Sector ETF primarily focuses on investments in the media industry, specifically targeting companies engaged in the development, production, sale, and distribution of goods or services used in the media sector. These companies encompass a wide range of media-related businesses, including television and radio stations, broadcast and cable networks, motion picture companies, music producers, print publishers, and providers of content delivered via the internet. As of June 30, 2022, the ETF's underlying index consisted of 30 constituents with varying market capitalizations, reflecting the diverse nature of the media industry. By investing in PBS, investors gain exposure to this industry's growth potential while recognizing its concentration in media-related companies, which may lead to a unique risk profile compared to more diversified ETFs.

PBS EXPOSURE

The exposure of the PBS ETF, which is the Invesco Dynamic Media ETF, is primarily centered around the U.S. media industry. This ETF invests in common stocks of companies engaged in the development, production, sale, and distribution of goods and services related to the media sector. These companies can include television and radio stations, broadcast and cable networks, motion picture companies, music producers, print publishers, and providers of internet-based content. As of June 30, 2022, the ETF's underlying index consisted of 30 constituents with varying market capitalizations, and it aims to replicate the index by investing in these securities in proportion to their weightings. For more in-depth analysis and data on PBS and other U.S. ETFs, ETF Insider's web app offers valuable insights, including exposure visualization, overlap, correlations, and other pertinent information.

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FREQUENTLY ASKED QUESTIONS

Can you explain the correlation of PBS with the U.S. equity market?
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How does PBS track its underlying index?
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