Invesco Food & Beverage ETF

Shareclass

Invesco Food & Beverage ETF (PBJ)

Type

Exchange-traded fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 1.5%. Assigned a grade of F.
How we track deforestation-risk investments

35.1%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

35%

of assets flagged

This fund contains

$45.28 MILLION invested

in holdings flagged for deforestation risk

Invesco has big investments in companies like Sysco, Tyson, Hormel and Noble Group that grow, trade or use palm oil, cattle, rubber and soy in their products but have failed to eliminate deforestation from their operations. This means Invesco has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. In order to do that, Invesco needs to a No Deforestation Policy. Tell Invesco to adopt a No Deforestation Policy!

Sign the petition

Commodity producers

3 holdings

8.05% of assets

$10.38 MILLION invested

Banks and lenders

0 holdings

0% of assets

$0 invested

Major consumer brands

8 holdings

32% of assets

$41.84 MILLION invested

Commodity producers

3 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

3 HOLDINGS

% of portfolio
$ invested
1. Bunge Global SA
2.72%2.72% of portfolio
$3.51M$3.51M invested
2. Adecoagro SA
2.67%2.67% of portfolio
$3.45M$3.45M invested
3. Tyson Foods Inc Class A
2.65%2.65% of portfolio
$3.42M$3.42M invested

Banks and lenders

0 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

Major consumer brands

8 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

8 HOLDINGS

% of portfolio
$ invested
1. The Kroger Co
5.01%5.01% of portfolio
$6.46M$6.46M invested
2. Sysco Corp
4.96%4.96% of portfolio
$6.4M$6.4M invested
3. Mondelez International Inc Class A
4.84%4.84% of portfolio
$6.24M$6.24M invested
4. The Kraft Heinz Co
4.8%4.8% of portfolio
$6.19M$6.19M invested
5. PepsiCo Inc
4.75%4.75% of portfolio
$6.13M$6.13M invested

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DATA AS OF 29 Feb 2024

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

Invesco Food & Beverage ETF PBJ

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on PBJ at Morningstar.com

Current fund

PBJ

Invesco Food & Beverage ETF

Family

Invesco

Category

Consumer Defensive

Find another fund

vs.

Benchmark

ACWI

iShares MSCI ACWI ETF

Family

iShares from BlackRock

Category

Global Large-Stock Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/24

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-1.46% less in annualized returns

More invested in commodity producers

7.37% more invested

Less invested in banks and lenders

3.28% less invested

More invested in major consumer brands

22% more invested

Current fund

PBJ

Invesco Food & Beverage ETF

Family

Invesco

Category

Consumer Defensive

Find another fund

vs.

Benchmark

ACWI

iShares MSCI ACWI ETF

Family

iShares from BlackRock

Category

Global Large-Stock Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/24

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-1.46% less in annualized returns

More invested in commodity producers

7.37% more invested

Less invested in banks and lenders

3.28% less invested

More invested in major consumer brands

22% more invested

Current fund

PBJ

Invesco Food & Beverage ETF

Family

Invesco

Category

Consumer Defensive

Find another fund

vs.

Benchmark

ACWI

iShares MSCI ACWI ETF

Family

iShares from BlackRock

Category

Global Large-Stock Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/24

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-1.46% less in annualized returns

More invested in commodity producers

7.37% more invested

Less invested in banks and lenders

3.28% less invested

More invested in major consumer brands

22% more invested

Month-end trailing returns

Performance as of date: 3/31/24

Morningstar suggested benchmark: MSCI ACWI NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
PBJ - Invesco Food & Beverage ETF

6.99%

8.53%

9.51%

7.36%

8.05%

Benchmark

23%

6.96%

11%

8.82%

0.67%

Fund compared to benchmark

-16.14%

1.58%

-1.44%

-1.46%

7.37% higher

Find more financial data on PBJ at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

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Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

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