How much has PBP paid over the last year?

Over the year to Oct 28, 2026, PBP paid 11.7% of its starting price in cash distributions, while the price rose 3.3%.

Over the year to Oct 28, 2026, with every distribution reinvested, PBP returned +16.0% against +13.6% for S&P 500 (SPY), so a holder was ahead of it by 2.4 points.

How often does PBP pay, and how much?

PBP pays monthly. The latest distribution annualizes to 8.5% at its price on Oct 28, 2026, which is not a promise; the next one can differ.

Is the PBP distribution return of capital?

Invesco estimates 95% of the distribution paid Oct 23, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

When does PBP next pay a distribution?

PBP pays monthly. The last distribution went ex on Oct 19, 2026 at $0.1657 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Nov 16, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.

The prospectus expense ratio is 0.29% a year.

How much of PBP’s distribution is return of capital?

Invesco’s Rule 19a-1 notice estimates 94.7% of the distribution paid Oct 23, 2026 was return of capital. Across its notices for distributions paid Nov 28, 2025 to Oct 23, 2026, the estimate is 76.9%. The annual report for the fiscal year to Apr 30, 2026 puts it at 0.0% of distributions. Estimates come before the fund year closes and often change.

PBP Invesco S&P 500 BuyWrite ETF

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$23.35

+0.3% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, PBP paid 11.7% in cash and returned 16.0% in total, against 13.6% for SPY.

Why did PBP return +163.4% against SPY’s +626.7%?Is PBP’s payout of 8.5% a year sustainable?What do PBP’s net flows of +$1.2m over the last 5 trading days mean?

Covered call on SPY, paying monthlyInvesco ↗Expense ratio 0.29%Fund assets $393m on Oct 27, 2026First traded Dec 20, 2007Benchmark S&P 500 (SPY)Fund page at the issuer ↗SEC filings ↗Every Invesco fund ETFIQ covers Dividend history

Promise check: DeliveredOver the year to Oct 28, 2026, PBP paid 11.7% in cash and returned 16.0% in total, covering 136.8% of its payout.

Compare with…Trading costs Put to the committee askIQ about PBP Add to portfolio Overlap Flows Alerts

PBP risk and return scorecard

vs SPY · Dec 2007 to Oct 2026 · 982 weekly returns · dividend-adjusted

18.8 years

PBP +163.4%, SPY +626.7%, Dec 2007 to Oct 2026, distributions reinvested.

Return

MeasurePBPSPYEdge

Total return+163.4%+626.7%SPY

Annualized+5.3%+11.1%SPY

Price return−9.5%+415.9%SPY

Risk

MeasurePBPSPYEdge

Volatility13.0%18.2%PBP

Max drawdown−41.0%−52.1%PBP

Upside capture43.1%100.0%SPY

Downside capture66.8%100.0%PBP

Risk-adjusted

MeasurePBPSPYEdge

Sharpe ratio0.350.59SPY

Sortino ratio0.450.83SPY

Alpha vs SPY

MeasurePBPSPYEdge

Alpha, a year−2.2%Not significant

Alpha t-stat−1.56

Beta to SPY0.631.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 27, 2026

Latest day

Last 5 trading days

+$1.2m

12 months to Jul 31, 2026

+$56.3m

In on 4 days, out on 0. 51 days missing.

askIQ: what do these flows mean? ↗

What you earned

PBP +0.9%, SPY +0.9%: total return over one month to Oct 28, 2026.

PBP

+0.9%

SPY

+0.9%

Paid 0.7% in cash. Price +0.2%.

PBP +5.2%, SPY +6.1%: total return over three months to Oct 28, 2026.

PBP

+5.2%

SPY

+6.1%

Paid 2.5% in cash. Price +2.6%.

PBP +9.3%, SPY +9.1%: total return over six months to Oct 28, 2026.

PBP

+9.3%

SPY

+9.1%

Paid 5.3% in cash. Price +3.8%.

PBP +11.7%, SPY +14.1%: total return over the year to Oct 28, 2026.

PBP

+11.7%

SPY

+14.1%

Paid 8.8% in cash. Price +2.3%.

PBP +16.0%, SPY +13.6%: total return over one year to Oct 28, 2026.

PBP

+16.0%

SPY

+13.6%

Paid 11.7% in cash. Price +3.3%.

PBP +54.5%, SPY +95.0%: total return over three years to Oct 28, 2026.

PBP

+54.5%

SPY

+95.0%

Paid 34.4% in cash. Price +12.6%.

PBP +45.8%, SPY +79.8%: total return over five years to Oct 28, 2026.

PBP

+45.8%

SPY

+79.8%

Paid 37.8% in cash. Price −2.4%.

PBP +106.3%, SPY +325.8%: total return over ten years to Oct 28, 2026.

PBP

+106.3%

SPY

+325.8%

Paid 65.3% in cash. Price +11.0%.

PBP +172.6%, SPY +644.9%: total return since launch to Oct 28, 2026.

PBP

+172.6%

SPY

+644.9%

Paid 92.4% in cash. Price −6.3%.

askIQ: why did PBP return +16.0% against SPY’s +13.6%? ↗

What it paid

13 distributions · latest Oct 19, 2026

11.7%

Cash paid, 1 year, on its starting price

to Oct 28, 2026

Report

+16.0%

Total return, 1 year

to Oct 28, 2026

Report

+2.4 pts

Against SPY

to Oct 28, 2026

Report

94.7%

Return of capital, latest payout (Invesco estimate)

Report

$0.1657

Last payment (paid monthly), ex-date Oct 19, 2026

Report

Pays monthly.

askIQ: is PBP’s payout of 8.5% a year sustainable? ↗

More on PBP

Every number below is on this page. Open what you need.

Price and total return, 1 year

$23.35+0.3%1 day, priceClose, Oct 28, 2026

0%5%10%15%Total return +16.0%Price +3.3%

Oct 28, 2025Oct 28, 2026

Price +3.3%Total return +16.0%

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

PBP returns by window: total return, cash paid and price change
Window	Total return	Cash paid	Price	SPY	Ahead or behind
1M Sep 28 – Oct 28, 2026	+0.9%	0.7%	+0.2%	+0.9%	0.0 pts
3M Jul 29 – Oct 28, 2026	+5.2%	2.5%	+2.6%	+6.1%	−0.9 pts
6M Apr 29 – Oct 28, 2026	+9.3%	5.3%	+3.8%	+9.1%	+0.2 pts
YTD Dec 31, 2025 – Oct 28, 2026	+11.7%	8.8%	+2.3%	+14.1%	−2.4 pts
1Y Oct 28, 2025 – Oct 28, 2026	+16.0%	11.7%	+3.3%	+13.6%	+2.4 pts
3Y Oct 27, 2023 – Oct 28, 2026	+54.5%	34.4%	+12.6%	+95.0%	−40.5 pts
5Y Oct 29, 2021 – Oct 28, 2026	+45.8%	37.8%	−2.4%	+79.8%	−34.0 pts
10Y Oct 28, 2016 – Oct 28, 2026	+106.3%	65.3%	+11.0%	+325.8%	−219.5 pts
Since launch Dec 20, 2007 – Oct 28, 2026	+172.6%	92.4%	−6.3%	+644.9%	−472.3 pts
Since launch, annualised Dec 20, 2007 – Oct 28, 2026	+5.5%	–	–	–	–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from

PBP

+0.9%

SPY

+0.9%

About even with SPY PBP over 1 month: paid 0.7%, price +0.2%, total +0.9%, SPY +0.9%, 0.0 pts. Data to Oct 28, 2026. SPY +0.9% PBP +0.9% 0.7% of it arrived as cash about even with SPY Total return, distributions reinvested About even with SPY PBP over 1 month: paid 0.7%, price +0.2%, total +0.9%, SPY +0.9%, 0.0 pts. Data to Oct 28, 2026. SPY +0.9% PBP +0.9% 0.7% cash about even with SPY Over the 1 month to Oct 28, 2026, PBP returned +0.9% with distributions reinvested and S&P 500 (SPY) returned +0.9%, so a holder came out level with it. The lighter segment is the 0.7% that arrived as cash rather than as price.

Price change +0.2%Cash paid +0.7%, reinvested0.0 pts vs SPY

PBP

+5.2%

SPY

+6.1%

0.9 pts behind SPY PBP over 3 months: paid 2.5%, price +2.6%, total +5.2%, SPY +6.1%, −0.9 pts. Data to Oct 28, 2026. SPY +6.1% PBP +5.2% 2.5% of it arrived as cash 0.9 pts behind SPY Total return, distributions reinvested 0.9 pts behind SPY PBP over 3 months: paid 2.5%, price +2.6%, total +5.2%, SPY +6.1%, −0.9 pts. Data to Oct 28, 2026. SPY +6.1% PBP +5.2% 0.9 pts behind SPY Over the 3 months to Oct 28, 2026, PBP returned +5.2% with distributions reinvested and S&P 500 (SPY) returned +6.1%, so a holder came out behind it by 0.9 points. The lighter segment is the 2.5% that arrived as cash rather than as price.

Price change +2.6%Cash paid +2.5%, reinvested−0.9 pts vs SPY

PBP

+9.3%

SPY

+9.1%

About even with SPY PBP over 6 months: paid 5.3%, price +3.8%, total +9.3%, SPY +9.1%, +0.2 pts. Data to Oct 28, 2026. SPY +9.1% PBP +9.3% 5.3% of it arrived as cash about even with SPY Total return, distributions reinvested About even with SPY PBP over 6 months: paid 5.3%, price +3.8%, total +9.3%, SPY +9.1%, +0.2 pts. Data to Oct 28, 2026. SPY +9.1% PBP +9.3% 5.3% cash about even with SPY Over the 6 months to Oct 28, 2026, PBP returned +9.3% with distributions reinvested and S&P 500 (SPY) returned +9.1%, so a holder came out ahead of it by 0.2 points. The lighter segment is the 5.3% that arrived as cash rather than as price.

Price change +3.8%Cash paid +5.3%, reinvested+0.2 pts vs SPY

PBP

+16.0%

SPY

+13.6%

2.4 pts ahead of SPY PBP over 1 year: paid 11.7%, price +3.3%, total +16.0%, SPY +13.6%, +2.4 pts. Data to Oct 28, 2026. SPY +13.6% PBP +16.0% 11.7% of it arrived as cash 2.4 pts ahead of SPY Total return, distributions reinvested 2.4 pts ahead of SPY PBP over 1 year: paid 11.7%, price +3.3%, total +16.0%, SPY +13.6%, +2.4 pts. Data to Oct 28, 2026. SPY +13.6% PBP +16.0% 11.7% as cash 2.4 pts ahead of SPY Over the 1 year to Oct 28, 2026, PBP returned +16.0% with distributions reinvested and S&P 500 (SPY) returned +13.6%, so a holder came out ahead of it by 2.4 points. The lighter segment is the 11.7% that arrived as cash rather than as price.

Price change +3.3%Cash paid +11.7%, reinvested+2.4 pts vs SPY

PBP

+54.5%

SPY

+95.0%

40.5 pts behind SPY PBP over 3 years: paid 34.4%, price +12.6%, total +54.5%, SPY +95.0%, −40.5 pts. Data to Oct 28, 2026. SPY +95.0% PBP +54.5% 34.4% of it arrived as cash 40.5 pts behind SPY Total return, distributions reinvested 40.5 pts behind SPY PBP over 3 years: paid 34.4%, price +12.6%, total +54.5%, SPY +95.0%, −40.5 pts. Data to Oct 28, 2026. SPY +95.0% PBP +54.5% 40.5 pts behind SPY Over the 3 years to Oct 28, 2026, PBP returned +54.5% with distributions reinvested and S&P 500 (SPY) returned +95.0%, so a holder came out behind it by 40.5 points. The lighter segment is the 34.4% that arrived as cash rather than as price.

Price change +12.6%Cash paid +34.4%, reinvested−40.5 pts vs SPY

PBP

+172.6%

SPY

+644.9%

472.3 pts behind SPY PBP since launch: paid 92.4%, price −6.3%, total +172.6%, SPY +644.9%, −472.3 pts. Data to Oct 28, 2026. SPY +644.9% PBP +172.6% 92.4% cash 472.3 pts behind SPY Total return, distributions reinvested 472.3 pts behind SPY PBP since launch: paid 92.4%, price −6.3%, total +172.6%, SPY +644.9%, −472.3 pts. Data to Oct 28, 2026. SPY +644.9% PBP +172.6% 472.3 pts behind SPY From launch to Oct 28, 2026, PBP returned +172.6% with distributions reinvested and S&P 500 (SPY) returned +644.9%, so a holder came out behind it by 472.3 points. The lighter segment is the 92.4% that arrived as cash rather than as price.

Price change −6.3%Cash paid +92.4%, reinvested−472.3 pts vs SPY

0.0%

74.7

IQ Income ScoreETFIQ Distribution Coverage Score42nd of 164 · Oct 28, 2026

0.3 · lowest of 164 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

PBP paid 11.7% in cash over the year and returned 16.0% in total, more than it paid out.

total return as a share of the cash paid136.8% · 75th pct

All 164 ranked by this score →

Money in and out

Daily data · as of Oct 27, 2026

PBP: in the 17 trading days to Oct 27, 2026, net $5.9m came in, from 14 counts.

0.0% of $392m on Oct 26, 2026
Oct 27, 2026

+$1.2m

0.3% of $391m on Oct 20, 2026
Oct 21, 2026 to Oct 27, 2026

12 months

+$56.3m

19.7% of $286m on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings

3 years

+$247m

248.2% of $99.5m on Jul 31, 2023
Aug 1, 2023 to Jul 31, 2026
monthly, from SEC filings

5 years

+$182m

106.9% of $170m on Jul 31, 2021
Aug 1, 2021 to Jul 31, 2026
monthly, from SEC filings

Aug 2019 to Jul 2026

+$36.9m

Aug 1, 2019 to Jul 31, 2026
monthly, from SEC filings

Net flow each trading day

3M1Y400 days

PBP, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 4 days and went out on 0 days, of the 14 days with daily data; the other 51 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 4 days, out on 0. 51 days missing.

PBP, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 4 days and went out on 0 days, of the 14 days with daily data; the other 237 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 4 days, out on 0. 237 days missing.

PBP, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 4 days and went out on 0 days, of the 14 days with daily data; the other 386 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 4 days, out on 0. 386 days missing.

Money in, netMoney out, netMonthly basis

PBP is one of 2 US-listed ETFs tracking the Cboe S&P 500 BuyWrite. The money in and out of all 2, side by side.

Daily data starts Oct 6, 2026.

How this is computed

Computed by ETFIQ from Invesco’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for PBP, back to Aug 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare PBP with other funds in the flows tool

Every trading day, last 3 months14 days

Oct 27, 2026 $0

Oct 26, 2026 $0

Oct 23, 2026 $0

Oct 22, 2026 +$1.2m

Oct 21, 2026 $0

Oct 20, 2026 $0

Oct 19, 2026 +$2.3m covers 3 trading days

Oct 14, 2026 $0

Oct 13, 2026 +$1.2m

Oct 12, 2026 $0

Oct 9, 2026 $0

Oct 8, 2026 $0

Oct 7, 2026 +$1.2m

Oct 6, 2026 $0 covers 2 trading days

Most recent first.

Week by week, last year4 weeks

Oct 27, 2026 $0 2 days

Oct 23, 2026 +$3.5m

Oct 14, 2026 +$1.2m 3 days

Oct 9, 2026 +$1.2m 4 days

Net flow into PBP each week, Oct 6, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outSep 2023 to Oct 2026

in, up to +$150m

out, down to −$9.2mSep 2023Jul 2026

PBP, money in and money out each month from Sep 2023 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from PBP’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 36 months listed, money came in on net in 24 and went out in 10.

Every bar is from PBP’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 24 and went out in 10.

MonthInOutNet

Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 27, 14 of 16 trading days+$5.9m$0+$5.9m

Jul 2026 SEC Form N-PORT+$9.2m$0+$9.2m

Jun 2026 SEC Form N-PORT$0$0$0

May 2026 SEC Form N-PORT+$3.4m$0+$3.4m

Apr 2026 SEC Form N-PORT+$10.0m$0+$10.0m

Mar 2026 SEC Form N-PORT+$2.2m$0+$2.2m

Feb 2026 SEC Form N-PORT+$6.8m−$9.2m−$2.3m

Jan 2026 SEC Form N-PORT+$8.0m−$8.0m−$23k

Dec 2025 SEC Form N-PORT+$18.3m$0+$18.3m

Nov 2025 SEC Form N-PORT+$4.5m$0+$4.5m

Oct 2025 SEC Form N-PORT+$3.4m−$1.1m+$2.3m

Sep 2025 SEC Form N-PORT+$4.4m$0+$4.4m

Aug 2025 SEC Form N-PORT+$4.4m$0+$4.4m

Jul 2025 SEC Form N-PORT+$143m−$4.4m+$139m

Jun 2025 SEC Form N-PORT+$5.4m−$3.3m+$2.2m

May 2025 SEC Form N-PORT+$8.6m$0+$8.6m

Apr 2025 SEC Form N-PORT+$10.8m−$5.3m+$5.4m

Mar 2025 SEC Form N-PORT+$9.0m−$3.3m+$5.7m

Feb 2025 SEC Form N-PORT+$11.9m−$1.2m+$10.7m

Jan 2025 SEC Form N-PORT+$20.2m$0+$20.2m

Dec 2024 SEC Form N-PORT+$3.5m$0+$3.5m

Nov 2024 SEC Form N-PORT+$5.8m$0+$5.8m

Oct 2024 SEC Form N-PORT+$1.1m−$1.1m−$3k

Sep 2024 SEC Form N-PORT$0−$2.3m−$2.3m

Aug 2024 SEC Form N-PORT$0−$1.1m−$1.1m

Jul 2024 SEC Form N-PORT$0−$1.1m−$1.1m

Jun 2024 SEC Form N-PORT$0−$5.6m−$5.6m

May 2024 SEC Form N-PORT$0$0$0

Apr 2024 SEC Form N-PORT+$7.8m$0+$7.8m

Mar 2024 SEC Form N-PORT+$1.1m$0+$1.1m

Feb 2024 SEC Form N-PORT$0−$5.5m−$5.5m

Jan 2024 SEC Form N-PORT+$1.1m$0+$1.1m

Dec 2023 SEC Form N-PORT+$7k−$4.3m−$4.3m

Nov 2023 SEC Form N-PORT$0−$1.1m−$1.1m

Oct 2023 SEC Form N-PORT+$5.4m−$3.1m+$2.3m

Sep 2023 SEC Form N-PORT+$3.2m$0+$3.2m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.

PBP key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$23.53 on Oct 15, 2026

52-week low, daily closes to Oct 28, 2026 (ETFIQ)$21.55 on Mar 30, 2026

Close on Oct 28, 2026, within that range (ETFIQ)$23.35, 91% of the way from the low to the high

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

PBP return of capital and tax

Return of capital, latest notice (Invesco estimate, Oct 23, 2026)94.7%

Return of capital, distributions paid Nov 28, 2025 to Oct 23, 2026 (Invesco estimates)76.9%

Notices behind that number8 of 12 distributions

Return of capital, fiscal year to Apr 30, 2026 (annual report, filed Jul 6, 2026)0.0%

Options it writes (holdings as of Jul 31, 2026)Options on the S&P 500 index, which are Section 1256 contracts

Estimates are Invesco’s Rule 19a-1 notices, made before the fund year closes. The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Oct 27, 2026

Trading · PBPas of Oct 27, 2026

Not scored2 of 6 measured · Oct 27, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Cost for your order · one way, half its 30-day median spread

$1,000$0.650.065%

$10,000$6.500.065%

Premium or discount to NAV, Oct 27 close+0.02%

−0.3%95% of days within ±0.23% · the 1% band is off this scale+0.3%

One dealer

How to tradeLimit: midpoint + 2¢ to buy, midpoint − 2¢ to sell.At the Oct 27 close of $23.27, that’s $23.29 to buy and $23.25 to sell.

Full trading page: components, premium history, dealers →

$0.17

$0.39

$0.17

Distributions per share for PBP 13 distributions for PBP, $0.1657 to $0.3941 a share and $0.2053 in the middle, Oct 20, 2025 to Oct 19, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn. $0.2053 the middle one Oct 20, 2025 Oct 19, 2026 $0.3941 a share at the highest

Oct 2025Monthly, per shareOct 2026

13 distributions for PBP, $0.1657 to $0.3941 a share and $0.2053 in the middle, Oct 20, 2025 to Oct 19, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.

Latest

$0.1657

Ex Oct 19, 2026 · paid about 2 days later

Annualized

8.5%

At its price on Oct 28, 2026

Trailing 12 months

11.3%

12 payments, ex Nov 24, 2025 to Oct 19, 2026: $2.6362

Return of capital

94.7%

Latest payout (Invesco estimate)

Next, projected

PBP pays monthly. The last distribution was $0.1657 a share, which went ex on Oct 19, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Nov 16, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 16, 2026 · pay Nov 18, 2026$0.1657 ETFIQ projection

Expected distributions for PBP. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →

Every distribution ETFIQ holds for PBP (13, most recent first)

Oct 19, 2026$0.1657

Sep 21, 2026$0.1886

Aug 24, 2026$0.221

Jul 20, 2026$0.1873

Jun 22, 2026$0.2283

May 18, 2026$0.2053

Apr 20, 2026$0.2144

Mar 23, 2026$0.193

Feb 23, 2026$0.2036

Jan 20, 2026$0.2127

Dec 22, 2025$0.3941

Nov 24, 2025$0.2222

Oct 20, 2025$0.1746

Cash distributions per share for PBP. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid

−271.3% to 2,166.7% across 164

That is the share of the 164 income ETFs not writing on a single company sitting at or below PBP.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: 136.8% · 75th pct, −271.3% to 2,166.7% across 164.

Covered the mostOne bar per fund · PBP in whiteCovered the least

All income ETFs ranked by this score →

PBP top ten by weight, 38.6% of the fund, of its 506 equity positions, from the holdings published by its issuer for Oct 27, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the issuer’s own daily file.

NVIDIA Corp NVDA 8.04%

Apple Inc AAPL 7.72%

Microsoft Corp MSFT 6.01%

Amazon.com Inc AMZN 3.79%

Alphabet Inc GOOGL 2.87%

Broadcom Inc AVGO 2.48%

Alphabet Inc GOOG 2.30%

Meta Platforms Inc META 2.08%

Tesla Inc TSLA 1.75%

Micron Technology Inc MU 1.60%

Holdings, the issuer’s own daily file ↗See all 506 holdings →Check overlap with another fund →

Source: Invesco’s daily holdings file. Updated each trading day. Last checked Oct 28, 2026.

Also against YYY, ULTY, OVL, PAPI, XQQI, IVVW, TSPY, EGGY, XSPI, WDTE, KYLD, SPIN, OARK, LJAN, DYLG, KIQQ, FGSI, JEPQ, QQQI, DIVO, RDVI, XYLD, FTHI, BALI, ISPY, OMAH, FTQI, QDTE, SDVD, FEPI, DUBS, IQQQ, XDTE, YMAG, DJIA, QQQY, XPAY, QYLG, JOYT, OVLH, GPIQ, GPIX, ROCY, ROCQ, SIXH, KHPI, TCAL, CAIQ, TDAQ, YLDE, SEPI, MAGY, DOGG, XYLG, XRMI, QLDY, XIJN, OEI, ACKY, SDTY, QDTY, XISE, BIGY, APRJ, XIMR, APRH, DRKY, QUSA, XIDE, SPUT, JULH, OCTH, OCTJ, YQQQ, QRMI, JANJ, JULJ, JANH, LOCT, LAPR, FDND, LJUL, RNTY, SCEP, VAIE, ACSP, GRNI, QVOL, BALQ, ACQQ, YSPC, HEMI, CVRD, SIOO, SCLZ, XSHP, PCOV, DDDD, JUDO, NLSI, XVSP, TPRY, TPAY, CDPI, RECI, VOOY, ODTE.

About PBP

Strategycovered call

BenchmarkS&P 500 (SPY)

How the benchmark is set (ETFIQ)Its prospectus says its options are written on the S&P 500 (prospectus, Form 485BPOS, accession 0001104659-25-084008, filed 2025-08-27); SPY tracks that index. PBP names the CBOE S&P 500 BuyWrite Index SM (prospectus, Form 485BPOS, accession 0001104659-25-084008, filed 2025-08-27); no ETF this site covers tracks it and its levels are licensed, so the reference here stands in for it.

Paysmonthly

Net assets (issuer page, as of Oct 27, 2026)$393mReport

Latest payout, annualized (ETFIQ)8.5%

Expense ratio (485BPOS XBRL, Aug 27, 2026)0.29%Report

Cash paid, last 12 months, over today’s price (ETFIQ)11.3%

First tradedDec 20, 2007

Return of capital, latest distribution (Invesco 19a-1 estimate)94.7%

Paysmonthly

Typical gap between ex-dates28 days

Typical wait from ex-date to payment2 days

Last paid, per share$0.1657 ex Oct 19, 2026

Cash paid in the 12 months to Oct 28, 2026, 12 distributions, ex Nov 24, 2025 to Oct 19, 2026$2.6362

How we measure

Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method

IQ Investment Committee on PBP

12 seats on PBP, as of Oct 28, 2026: 1 Supports, 1 Mixed, 8 Challenges, 2 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityMixed

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceChallenges

In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data

In the tradition ofRay DalioDalio-style All-WeatherNot enough data

In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges

In the tradition ofDavid SwensenSwensen-style DiversificationChallenges

In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges

In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges

Put PBP to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about PBP

How much has PBP paid over the last year?: Over the year to Oct 28, 2026, PBP paid 11.7% of its starting price in cash distributions, while the price rose 3.3%.
Is PBP ahead of SPY?: Over the year to Oct 28, 2026, with every distribution reinvested, PBP returned +16.0% against +13.6% for S&P 500 (SPY), so a holder was ahead of it by 2.4 points.
How often does PBP pay, and how much?: PBP pays monthly. The latest distribution annualizes to 8.5% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
Is the PBP distribution return of capital?: Invesco estimates 95% of the distribution paid Oct 23, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does PBP next pay a distribution?: PBP pays monthly. The last distribution went ex on Oct 19, 2026 at $0.1657 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Nov 16, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does PBP cost?: The prospectus expense ratio is 0.29% a year.
How much of PBP’s distribution is return of capital?: Invesco’s Rule 19a-1 notice estimates 94.7% of the distribution paid Oct 23, 2026 was return of capital. Across its notices for distributions paid Nov 28, 2025 to Oct 23, 2026, the estimate is 76.9%. The annual report for the fiscal year to Apr 30, 2026 puts it at 0.0% of distributions. Estimates come before the fund year closes and often change.

Sources and dates

Prices, PBP and SPYTiingo end-of-day · Oct 28, 2026

Fee, 0.29%Prospectus filing with the expense ratio (SEC) ↗

Net assets, $393mIssuer page · Oct 27, 2026

HoldingsHoldings, the issuer’s own daily file · Oct 27, 2026 ↗

Return of capitalInvesco 19a-1 distribution notice ↗

DistributionsTiingo end-of-day · 13 payments

All fund filingsFund filings on SEC EDGAR ↗

IssuerInvesco page for PBP ↗

Invesco 19a-1 distribution notice ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, PBP, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/pbp

The payout bar for PBP, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return

Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.

Cash paid

Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.

Ahead or behind

Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.

Return of capital

The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.

Covered call

The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.

Autocallable

A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.

Barrier

The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.

Full definitions: income ETFs vocabulary page. →

8th of 50 income ETFs measured against SPY, by return against it→56th of 372 income ETFs by net assets→Invesco ETFs: Every Fund and Its Fee→What option-income ETFs paid and made, August 2026→Every income ETF measured against SPY→The cheapest option-income ETFs→Income ETFs by return of capital→Income ETFs by return of capital, fiscal year→

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PBP: PBP over 1 year: paid 11.7%, price +3.3%, total +16.0%, SPY +13.6%, +2.4 pts. Data to Oct 28, 2026.

<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/pbp"><img src="https://etfiq.com/assistant/api/embed/income/pbp.svg" alt="PBP: PBP over 1 year: paid 11.7%, price +3.3%, total +16.0%, SPY +13.6%, +2.4 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">PBP: PBP over 1 year: paid 11.7%, price +3.3%, total +16.0%, SPY +13.6%, +2.4 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/pbp">ETFIQ</a></figcaption>
</figure>

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