Core Insights - The Invesco Leisure and Entertainment ETF (PEJ) is a passively managed fund launched on June 23, 2005, aimed at providing broad exposure to the Consumer Discretionary - Leisure and Entertainment segment of the equity market [1] - The fund has accumulated over $350.98 million in assets, making it one of the larger ETFs in its category [3] - PEJ seeks to match the performance of the Dynamic Leisure & Entertainment Intellidex Index, which evaluates U.S. leisure and entertainment companies based on various investment criteria [4] Fund Details - The ETF has an annual operating expense ratio of 0.57%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.1% [5] - The fund's portfolio is heavily allocated to the Consumer Discretionary sector, comprising about 57.2% of total assets, with Telecom and Industrials following [6] - The top three holdings include Royal Caribbean Cruises Ltd (6.06%), Doordash Inc, and Sysco Corp, with the top 10 holdings accounting for approximately 46.3% of total assets [7] Performance Metrics - As of August 14, 2025, the ETF has gained about 12.57% year-to-date and 34.79% over the past year, with a trading range between $42.84 and $59.35 in the last 52 weeks [8] - The ETF has a beta of 1.24 and a standard deviation of 21.44% over the trailing three-year period, indicating a higher risk profile compared to peers [8] Alternatives - The Invesco Leisure and Entertainment ETF has a Zacks ETF Rank of 4 (Sell), suggesting it may not be the best option for investors seeking exposure to the Consumer Discretionary ETFs segment [10] - Alternatives include the Global X Video Games & Esports ETF (HERO) with $163.01 million in assets and an expense ratio of 0.5%, and the VanEck Video Gaming and eSports ETF (ESPO) with $421.96 million in assets and an expense ratio of 0.56% [11]

Core Insights - The Invesco Leisure and Entertainment ETF (PEJ) offers broad exposure to the Consumer Discretionary sector and has amassed over $340.2 million in assets, making it one of the larger ETFs in this category [5][10] - PEJ seeks to match the performance of the Dynamic Leisure & Entertainment Intellidex Index, which evaluates U.S. leisure and entertainment companies based on various investment criteria [6][10] - The ETF has a year-to-date performance increase of approximately 8.89% and a 12-month increase of about 34.11% [10] Fund Management and Strategy - Managed by Invesco, PEJ employs a smart beta strategy that focuses on non-cap weighted stock selection to potentially outperform traditional market cap weighted indexes [3][5] - The fund's expense ratio is 0.57%, which is competitive within its peer group, and it has a trailing dividend yield of 0.10% [7] Sector Exposure and Holdings - The fund has a significant allocation of 57.9% to the Consumer Discretionary sector, with Telecom and Industrials also being prominent sectors [8] - Royal Caribbean Cruises Ltd (RCL) is the largest holding at approximately 6.06% of total assets, with the top 10 holdings comprising about 46.3% of total assets under management [9] Performance Metrics - PEJ has a beta of 1.24 and a standard deviation of 21.48% over the trailing three-year period, indicating a higher risk profile compared to its peers [10] - The ETF has traded between $42.70 and $59.35 in the past 52 weeks, reflecting its price volatility [10] Alternatives and Market Position - PEJ may not be the best option for investors looking to outperform the Consumer Discretionary ETFs segment, with alternatives such as the Global X Video Games & Esports ETF (HERO) and VanEck Video Gaming and eSports ETF (ESPO) available [11][12] - Traditional market cap weighted ETFs are suggested for investors seeking lower-cost and lower-risk options [13]