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Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Preferred ETF

PGX | ETF

$12.15

$4.51 B

6.32%

$0.77

0.50%

Vitals

YTD Return

9.8%

1 yr return

16.3%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

1.2%

Net Assets

$4.51 B

Holdings in Top 10

14.1%

52 WEEK LOW AND HIGH

$12.0
$10.75
$12.52

Expenses

OPERATING FEES

Expense Ratio 0.50%

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

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Preferred ETF

PGX | ETF

$12.15

$4.51 B

6.32%

$0.77

0.50%

PGX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.89%
DIVIDENDS
  • Dividend Yield 6.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Preferred ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Jan 31, 2008
  • Shares Outstanding
    447450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • 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 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. As of October 31, 2023, 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 October 31, 2023, the Underlying Index was comprised of 260constituents.
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, 2023, 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.
Read More

PGX - Performance

Return Ranking - Trailing

Period PGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% 4.8% 17.7% 42.31%
1 Yr 16.3% 10.0% 28.4% 51.28%
3 Yr -1.8%* -7.6% 5.9% 80.56%
5 Yr 1.2%* -5.1% 11.5% 77.94%
10 Yr 3.7%* 0.8% 5.0% 56.25%

* Annualized

Return Ranking - Calendar

Period PGX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -3.6% 14.2% 17.95%
2022 -25.5% -29.4% -9.6% 90.28%
2021 -1.7% -3.4% 17.2% 76.39%
2020 1.7% -24.8% 9.0% 20.29%
2019 11.4% 6.4% 19.1% 53.85%

Total Return Ranking - Trailing

Period PGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% 4.8% 17.7% 42.31%
1 Yr 16.3% 10.0% 28.4% 51.28%
3 Yr -1.8%* -7.6% 5.9% 80.56%
5 Yr 1.2%* -5.1% 11.5% 77.94%
10 Yr 3.7%* 0.8% 5.0% 56.25%

* Annualized

Total Return Ranking - Calendar

Period PGX Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% -1.9% 26.5% 16.67%
2022 -21.2% -26.0% -5.8% 83.33%
2021 3.2% -2.5% 27.4% 50.00%
2020 7.1% -19.2% 12.3% 13.04%
2019 17.6% 10.0% 32.0% 50.77%

PGX - Holdings

Concentration Analysis

PGX Category Low Category High PGX % Rank
Net Assets 4.51 B 24.1 M 14.5 B 28.21%
Number of Holdings 267 49 439 24.36%
Net Assets in Top 10 617 M 8.45 M 1.89 B 28.21%
Weighting of Top 10 14.10% 11.3% 48.1% 91.03%

Top 10 Holdings

  1. JPMorgan Chase Co., Series EE, Pfd. 1.71%
  2. JPMorgan Chase Co., Series DD, Pfd. 1.55%
  3. Wells Fargo Co., Series Z, Pfd. 1.53%
  4. JPMorgan Chase Co., Series LL, Pfd. 1.50%
  5. JPMorgan Chase Co., Series MM, Pfd. 1.50%
  6. ATT Inc., Series C, Pfd. 1.33%
  7. Bank of America Corp., Series KK, Pfd. 1.29%
  8. Bank of America Corp., Series GG, Pfd. 1.25%
  9. Invesco Private Prime Fund 1.25%
  10. JPMorgan Chase Co., Series JJ, Pfd. 1.19%

Asset Allocation

Weighting Return Low Return High PGX % Rank
Preferred Stocks 		99.38% 0.00% 125.69% 7.69%
Cash 		1.74% -0.02% 11.04% 53.85%
Stocks 		0.00% 0.00% 29.42% 76.92%
Other 		0.00% -4.41% 10.15% 56.41%
Convertible Bonds 		0.00% 0.00% 31.65% 92.00%
Bonds 		0.00% 0.00% 97.75% 89.74%

PGX - Expenses

Operational Fees

PGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.05% 4.46% 85.71%
Management Fee 0.50% 0.00% 1.00% 20.51%
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 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% 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 6.32% 0.00% 9.59% 23.08%

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% 24.32%

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 7.8 11.42

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