Fund Description
The Invesco Preferred ETF is based on The ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody s, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moody s, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.
Fund Profile
Fund Name Invesco Preferred ETF
Fund Exchange Ticker PGX
Fund Sponsor Invesco
Fund ISIN US46138E5116
Net Expense Ratio 0.50 %
Fund Inception Date 31 January 2008
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Other Asset Types - Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name ICE BofAML Core Plus Fixed Rate Preferred Securities Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 27 November 2023
Asset Under Management 4408.65 Million (USD)
1 Month Total Return 5.96 %
Year To Date Return -1.34 %
1 Year Total Return -6.29 %
3 Year Annualized Total Return -7.48 %
NAV 11.0065
Share Outstanding 400,550,000
Top 10 Holdings (29 November 2023)
Constituent Name Constituent Ticker Constituent Type Weighting
JPMorgan Chase & Co JPM 6 PERP EE PREF 0.0182738909
JPMorgan Chase & Co JPM 5.75 PERP DD PREF 0.0164511045
Wells Fargo & Co WFC 4.75 PERP Z PREF 0.0154143381
JPMorgan Chase & Co JPM 4.625 PERP LL PREF 0.0148855858
JPMorgan Chase & Co JPM 4.2 PERP MM PREF 0.0148741573
AT&T Inc T 4.75 PERP C PREF 0.0131709969
Bank of America Corp BAC 5.375 PERP KK PREF 0.0130690016
Bank of America Corp BAC 6 PERP GG PREF 0.0129943377
AT&T Inc T 5.35 11/01/66 PREF 0.0119291423
JPMorgan Chase & Co JPM 4.55 PERP JJ PREF 0.0119190547