PBD: INVESCO GLOBAL CLEAN ENERGY ETF
Understanding the Invesco Global Clean Energy ETF (PBD)
The Invesco Global Clean Energy ETF (ticker: PBD) is an exchange-traded fund designed to provide exposure to the clean energy sector. It focuses on companies involved in renewable energy and related technologies.
What this ETF is trying to do
PBD seeks to invest in the global clean energy market. Based on its top holdings, the fund includes companies like Doosan Fuel Cell Ordinary Shares, Lotte Energy Materials Corp, and Bloom Energy Corp Class A. Because the holdings list provided is partial, these represent only some of the 123 total holdings in the fund. Please note that holdings can change over time.
What the numbers show
When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes the impact of distributions).
• Year-to-Date (YTD): The price return is approximately 6.14%, while the total return is approximately 7.09%.
• One-Year: The price return is approximately 6.16%, while the total return is approximately 7.69%.
• Three-Year: The price return is approximately 17.48%, while the total return is approximately 25.99%.
• Five-Year: The five-year total return is approximately -27.54%.
To visualize the price movement, the estimated price from roughly one year ago was $16.08. The current price is $17.07.
Income and distribution explanation
This ETF provides cash distributions to investors. The current distribution yield is approximately 1.50%. This means the fund paid out about $0.26 per share over the last year. The distributions are usually paid quarterly, with 4 payments recorded in the last 12 months.
It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same as your total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Positive Recent Returns: The fund has shown positive price and total returns over the last year and three-year periods.
• Low Price Erosion Risk: Based on the supplied erosion score, there are no signs of significant price deterioration.
Cons
• Long-term Performance: The five-year total return is negative, showing a decline over a longer timeframe.
• Moderate Yield: The distribution yield is relatively low at approximately 1.50%.
Beginner takeaway
PBD offers a way to invest in clean energy companies. While recent one-year and three-year returns have been positive, the five-year total return has been negative. Investors interested in income should note that while the fund pays quarterly distributions, the yield is modest. Always remember that past performance does not guarantee future results.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | DOOSAN FUEL CELL ORDINARY SHARES | n/a | 1.26% |
| 2 | LOTTE ENERGY MATERIALS CORP | n/a | 1.17% |
| 3 | BLOOM ENERGY CORP CLASS A | BE | 1.15% |
| 4 | NIBE INDUSTRIER AB CLASS B | n/a | 1.09% |
| 5 | CS WIND CORP | n/a | 1.08% |
| 6 | SOLAREDGE TECHNOLOGIES INC | SEDG | 1.06% |
| 7 | J&V ENERGY TECHNOLOGY CO LTD | n/a | 1.05% |
| 8 | LS ELECTRIC CO LTD | n/a | 1.04% |
| 9 | VERBUND AG CLASS A | n/a | 1.04% |
| 10 | LS CORP | n/a | 1.03% |