ETF overview
The Invesco Preferred ETF (PGX) aims to replicate the performance of the ICE BofAML Core Plus Fixed Rate Preferred Securities Index. To achieve this, the Fund typically allocates a minimum of 80% of its total assets to fixed-rate, US dollar-denominated preferred securities that are components of this underlying index. The Index itself comprises fixed-rate, US dollar-denominated preferred securities issued within the domestic U.S. market. These securities must satisfy specific criteria: they require an average credit rating of at least B3 from leading agencies like Moody's, S&P, and Fitch. Additionally, they must originate from countries with an investment-grade risk profile, assessed by the average foreign currency long-term sovereign debt ratings provided by the same three agencies. Rather than fully replicating the entire index, the Fund employs a "sampling" methodology to pursue its investment objective efficiently. Both the Fund and its benchmark index undergo monthly rebalancing and reconstitution.
Fund facts
- Expense ratio
- 0.50%
- Fund assets
- 3.56B USD (all share classes)
- Issuer
- Invesco
- Inception date
- Jan 31, 2008
- Number of holdings
- 270
Breakdown
Holdings (270)
| Name | Ticker | Weight |
|---|---|---|
| JPMorgan Chase & Co 6.00% 12/31/2079 | JPM-PC | 1.75% |
| JPMorgan Chase & Co 5.75% 12/31/2079 | JPM-PD | 1.52% |
| Wells Fargo & Co 4.75% 12/31/2079 | WFC-PZ | 1.42% |
| JPMorgan Chase & Co 4.20% 12/31/2079 | JPM-PM | 1.32% |
| JPMorgan Chase & Co 4.63% 12/31/2079 | JPM-PL | 1.32% |
| Bank of America Corp 6.00% 12/31/2079 | BAC-PB | 1.24% |
| AT&T Inc 4.75% 12/31/2079 | T-PC | 1.15% |
| Bank of America Corp 5.38% 12/30/2049 | BAC-PM | 1.12% |
| JPMorgan Chase & Co 4.55% 12/31/2079 | JPM-PK | 1.05% |
| Capital One Financial Corp 5.00% 12/31/2079 | COF-PI | 1.04% |
| and 257 more | ||
Similar ETFs
- Invesco Preferred Shares UCITS ETF (Dist)PRFD.L · Overlap 91% · Expense ratio 0.50%
- State Street SPDR ICE Preferred Securities ETFPSK · Overlap 62% · Expense ratio 0.45%
- Invesco Financial Preferred ETFPGF · Overlap 51% · Expense ratio 0.56%
- iShares Preferred and Income Securities ETFPFF · Overlap 45% · Expense ratio 0.45%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.50%
- Fund assets
- 3.56B USD (all share classes)
- Issuer
- Invesco
- Inception date
- Jan 31, 2008
- Number of holdings
- 270
| Name | Ticker | Weight |
|---|---|---|
| JPMorgan Chase & Co 6.00% 12/31/2079 | JPM-PC | 1.75% |
| JPMorgan Chase & Co 5.75% 12/31/2079 | JPM-PD | 1.52% |
| Wells Fargo & Co 4.75% 12/31/2079 | WFC-PZ | 1.42% |
| JPMorgan Chase & Co 4.20% 12/31/2079 | JPM-PM | 1.32% |
| JPMorgan Chase & Co 4.63% 12/31/2079 | JPM-PL | 1.32% |
| Bank of America Corp 6.00% 12/31/2079 | BAC-PB | 1.24% |
| AT&T Inc 4.75% 12/31/2079 | T-PC | 1.15% |
| Bank of America Corp 5.38% 12/30/2049 | BAC-PM | 1.12% |
| JPMorgan Chase & Co 4.55% 12/31/2079 | JPM-PK | 1.05% |
| Capital One Financial Corp 5.00% 12/31/2079 | COF-PI | 1.04% |
| and 257 more | ||
The Invesco Preferred ETF (PGX) aims to replicate the performance of the ICE BofAML Core Plus Fixed Rate Preferred Securities Index. To achieve this, the Fund typically allocates a minimum of 80% of its total assets to fixed-rate, US dollar-denominated preferred securities that are components of this underlying index. The Index itself comprises fixed-rate, US dollar-denominated preferred securities issued within the domestic U.S. market. These securities must satisfy specific criteria: they require an average credit rating of at least B3 from leading agencies like Moody's, S&P, and Fitch. Additionally, they must originate from countries with an investment-grade risk profile, assessed by the average foreign currency long-term sovereign debt ratings provided by the same three agencies. Rather than fully replicating the entire index, the Fund employs a "sampling" methodology to pursue its investment objective efficiently. Both the Fund and its benchmark index undergo monthly rebalancing and reconstitution.
- Invesco Preferred Shares UCITS ETF (Dist)PRFD.L · Overlap 91% · Expense ratio 0.50%
- State Street SPDR ICE Preferred Securities ETFPSK · Overlap 62% · Expense ratio 0.45%
- Invesco Financial Preferred ETFPGF · Overlap 51% · Expense ratio 0.56%
- iShares Preferred and Income Securities ETFPFF · Overlap 45% · Expense ratio 0.45%
Overlap is the share of assets the two funds hold in common.
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