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Is Invesco Pharmaceuticals ETF (PJP) a Strong ETF Right Now?Zacks Investment Research · Sep 28, 2026The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of common stocks of 30 U.S. pharmaceutical companies. These companies are engaged principally in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types.