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Trending ETFs

Invesco Preferred ETF

ETF
PGX
Payout Change
Pending
Price as of:
$12.49 -0.11 -0.87%
primary theme
Preferred Stock
PGX (ETF)

Invesco Preferred ETF

Payout Change
Pending
Price as of:
$12.49 -0.11 -0.87%
primary theme
Preferred Stock
PGX (ETF)

Invesco Preferred ETF

Payout Change
Pending
Price as of:
$12.49 -0.11 -0.87%
primary theme
Preferred Stock

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$12.49

$5.8 B

5.79%

$0.73

0.51%

Vitals

YTD Return

12.3%

1 yr return

-5.2%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

2.6%

Net Assets

$5.8 B

Holdings in Top 10

13.4%

52 WEEK LOW AND HIGH

$12.6
$11.03
$13.90

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$12.49

$5.8 B

5.79%

$0.73

0.51%

PGX - Profile

Distributions

  • YTD Total Return 12.3%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.89%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Preferred ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Jan 31, 2008
  • Shares Outstanding
    447450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index.Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (“ICE Data” or the “Index Provider”) selects securities for the Underlying Index, which is a market capitalization-weighted index designed to measure the total return performance of the fixed rate U.S. dollar-denominated preferred securities market. The Underlying Index includes both traditional and other preferred securities. Unlisted preferred securities are excluded from the Underlying Index, but unlisted senior or subordinated debt-like securities are eligible for inclusion. The Underlying Index may include Rule 144A securities. However, as of the date of this Prospectus, Rule 144A securities represent less than 1% of the Underlying Index. Securities are selected for the Underlying Index using a rules-based methodology. Qualifying securities must be rated at least B3 (based on an average of ratings by Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings, a division of S&P Global Inc. (“S&P”) and Fitch Ratings, Inc. (“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).As of August 31, 2021, the Underlying Index was comprised of 305constituents.The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of August 31, 2021, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
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PGX - Performance

Return Ranking - Trailing

Period PGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -8.3% 19.2% 7.06%
1 Yr -5.2% -16.6% 2.9% 19.75%
3 Yr -1.3%* -10.5% 7.4% 18.42%
5 Yr 2.6%* -5.9% 7.3% 13.04%
10 Yr 4.0%* -2.9% 5.8% 9.30%

* Annualized

Return Ranking - Calendar

Period PGX Return Category Return Low Category Return High Rank in Category (%)
2022 -21.2% -26.1% 0.9% 79.75%
2021 1.6% -1.5% 11.1% 26.58%
2020 2.3% -9.1% 13.7% 10.67%
2019 4.1% 1.6% 7.2% 16.90%
2018 -0.8% -3.2% -0.5% 7.25%

Total Return Ranking - Trailing

Period PGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -19.4% 19.2% 7.06%
1 Yr -5.2% -16.6% 16.6% 27.78%
3 Yr -1.3%* -10.5% 9.3% 25.30%
5 Yr 2.6%* -4.7% 7.3% 18.42%
10 Yr 4.0%* -2.5% 5.8% 17.39%

* Annualized

Total Return Ranking - Calendar

Period PGX Return Category Return Low Category Return High Rank in Category (%)
2022 -21.2% -26.1% 0.9% 79.75%
2021 1.6% -1.5% 11.1% 26.58%
2020 2.3% -9.1% 13.7% 10.67%
2019 4.1% 1.7% 7.2% 16.90%
2018 -0.8% -3.2% -0.4% 14.49%

PGX - Holdings

Concentration Analysis

PGX Category Low Category High PGX % Rank
Net Assets 5.8 B 12.9 M 16.4 B 20.69%
Number of Holdings 295 32 500 20.43%
Net Assets in Top 10 771 M 2.06 K 2.37 B 19.35%
Weighting of Top 10 13.43% 12.4% 48.5% 93.55%

Top 10 Holdings

  1. Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % Non-Cum Perp Pfd Shs Series 1.74%
  2. JPMorgan Chase & Co PRF PERPETUAL USD - Ser MM 1/400th 1.40%
  3. Wells Fargo & Co 4.75% PRF PERPETUAL USD 25 Series Z Class A 1.37%
  4. JPMorgan Chase & Co PRF PERPETUAL USD - Ser LL 1/400th Int 1.37%
  5. JPMorgan Chase & Co Pfd 1.35%
  6. Wells Fargo & Co Deposit Shs Repr 1/1000th 5.85 % Non-Cum Perp Pfd Shs -A- 1.29%
  7. JPMorgan Chase & Co 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE 1.27%
  8. Bank of America Corp Pfd 1.23%
  9. Bank of America Corp Pfd 1.21%
  10. AT&T Inc 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C 1.20%

Asset Allocation

Weighting Return Low Return High PGX % Rank
Preferred Stocks
100.12% 2.27% 115.85% 3.23%
Stocks
0.00% -2.67% 34.04% 54.84%
Other
0.00% -0.16% 11.21% 45.16%
Convertible Bonds
0.00% 0.00% 31.65% 89.25%
Bonds
0.00% 0.00% 83.26% 89.25%
Cash
-0.12% -27.79% 5.28% 92.47%

PGX - Expenses

Operational Fees

PGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.22% 2.45% 79.79%
Management Fee 0.50% 0.00% 1.00% 18.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

PGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 12.00% 199.00% 11.25%

PGX - Distributions

Dividend Yield Analysis

PGX Category Low Category High PGX % Rank
Dividend Yield 5.79% 0.00% 9.11% 10.42%

Dividend Distribution Analysis

PGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PGX Category Low Category High PGX % Rank
Net Income Ratio 4.89% 0.88% 7.54% 24.39%

Capital Gain Distribution Analysis

PGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PGX - Fund Manager Analysis

Managers

Peter Hubbard


Start Date

Tenure

Tenure Rank

Jan 31, 2008

14.34

14.3%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Gary Jones


Start Date

Tenure

Tenure Rank

Jan 31, 2012

10.34

10.3%

Gary Jones is a Portfolio Manager of Invesco PowerShares Capital Management LLC and has been one of the Portfolio Managers primarily responsible for the day-to-day management of the Funds since January 2012. Mr. Jones has been a Portfolio Manager of the Adviser since December 2010. Previously, he was a Portfolio Manager of Van Kampen Investments from 2007 to 2009.

Richard Ose


Start Date

Tenure

Tenure Rank

Feb 28, 2014

8.26

8.3%

Richard Ose is a Vice President and Portfolio Manager of the Invesco PowerShares Capital Management LLC and has been employed by the Invesco PowerShares Capital Management LLC since 2011. Mr. Ose has been a Portfolio Manager of the Invesco PowerShares Capital Management LLC since July 2011. Prior to joining the Invesco PowerShares Capital Management LLC, Mr. Ose was an equity and derivatives trader at Claymore Advisors from 2007 to 2011.

Tom Boksa


Start Date

Tenure

Tenure Rank

Dec 20, 2019

2.45

2.5%

Tom Boksa, Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco since 2013.

Greg Meisenger


Start Date

Tenure

Tenure Rank

May 07, 2021

1.07

1.1%

Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.92 11.42