The Invesco Dynamic Food & Beverage ETF (PBJ) was launched on 06/23/2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Staples - Food & Beverage segment of the equity market.Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Staples - Food & Beverage is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 12, placing it in bottom 25%.Index DetailsThe fund is sponsored by Invesco. It has amassed assets over $315.23 million, making it one of the average sized ETFs attempting to match the performance of the Consumer Staples - Food & Beverage segment of the equity market. PBJ seeks to match the performance of the Dynamic Food & Beverage Intellidex Index before fees and expenses.The Dynamic Food & Beverage Intellidex Index is comprised of stocks of 30 U.S. food and beverage companies.These are companies that are principally engaged in the manufacture, sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.63%, making it one of the more expensive products in the space.It has a 12-month trailing dividend yield of 0.83%.Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Consumer Staples sector--about 97.40% of the portfolio.Looking at individual holdings, Sysco Corp (SYY) accounts for about 5.56% of total assets, followed by Hershey Co/the (HSY) and General Mills Inc (GIS).The top 10 holdings account for about 46.20% of total assets under management.Performance and RiskSo far this year, PBJ return is roughly 3.97%, and was up about 10.99% in the last one year (as of 08/15/2022). During this past 52-week period, the fund has traded between $41.18 and $49.16.The ETF has a beta of 0.60 and standard deviation of 19.55% for the trailing three-year period, making it a medium risk choice in the space. With about 31 holdings, it has more concentrated exposure than peers.AlternativesInvesco Dynamic Food & Beverage ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, PBJ is a reasonable option for those seeking exposure to the Consumer Staples ETFs area of the market. Investors might also want to consider some other ETF options in the space.VanEck Future of Food ETF (YUMY) tracks ---------------------------------------- and the First Trust NASDAQ Food & Beverage ETF (FTXG) tracks Nasdaq US Smart Food & Beverage Index. VanEck Future of Food ETF has $3.08 million in assets, First Trust NASDAQ Food & Beverage ETF has $865.50 million. YUMY has an expense ratio of 0.69% and FTXG charges 0.60%.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Dynamic Food & Beverage ETF (PBJ): ETF Research Reports Hershey Company The (HSY): Free Stock Analysis Report General Mills, Inc. (GIS): Free Stock Analysis Report Sysco Corporation (SYY): Free Stock Analysis Report First Trust NASDAQ Food & Beverage ETF (FTXG): ETF Research Reports VanEck Future of Food ETF (YUMY): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research