PGX: Invesco Preferred ETF - MutualFunds.com
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Invesco Preferred ETF

PGX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 7.0%
  • 5 Yr Annualized Return 5.6%
  • Net Assets $7.07 B
  • Holdings in Top 10 12.8%

52 WEEK LOW AND HIGH

$15.24
$14.12
$15.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Preferred Stock

Compare PGX to Popular Preferred Stock Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$39.02

+0.10%

$19.08 B

4.55%

$1.77

1.25%

0.46%

$14.46

+0.07%

$11.77 B

4.98%

$0.72

0.35%

0.85%

$10.54

+0.10%

$8.16 B

4.28%

$0.45

0.67%

0.81%

$15.25

+0.07%

$7.07 B

4.89%

$0.75

0.00%

0.50%

$20.55

+0.10%

$6.65 B

4.65%

$0.95

1.78%

0.85%

PGX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.20%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Preferred ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Jan 31, 2008
  • Shares Outstanding
    469050000
  • 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 index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC selects securities for the 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.


PGX - Performance

Return Ranking - Trailing

Period PGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.4% 17.3% 94.87%
1 Yr 10.4% 7.9% 54.8% 88.46%
3 Yr 7.0%* 1.4% 11.1% 58.11%
5 Yr 5.6%* 2.2% 9.9% 74.24%
10 Yr 6.5%* 5.3% 10.7% 57.14%

* Annualized

Return Ranking - Calendar

Period PGX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -79.5% 4.8% 18.18%
2019 11.4% 2.3% 20.1% 58.11%
2018 -9.4% -19.0% -5.7% 11.94%
2017 4.4% -5.0% 18.5% 73.77%
2016 -4.8% -6.1% 1.7% 98.31%

Total Return Ranking - Trailing

Period PGX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.4% 17.3% 96.15%
1 Yr 10.4% 6.5% 54.8% 83.33%
3 Yr 7.0%* 0.4% 11.1% 52.70%
5 Yr 5.6%* 1.9% 9.9% 68.18%
10 Yr 6.5%* 5.3% 10.7% 54.76%

* Annualized

Total Return Ranking - Calendar

Period PGX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -24.8% 4.8% 19.48%
2019 11.4% 2.3% 20.1% 59.46%
2018 -9.4% -19.0% -1.8% 31.34%
2017 4.4% -5.0% 18.5% 86.89%
2016 -4.8% -6.1% 7.5% 98.31%

PGX - Holdings

Concentration Analysis

PGX Category Low Category High PGX % Rank
Net Assets 7.07 B 12.5 M 19.1 B 20.99%
Number of Holdings 312 48 521 13.58%
Net Assets in Top 10 907 M 2.49 M 2.64 B 22.22%
Weighting of Top 10 12.80% 12.8% 48.5% 100.00%

Top 10 Holdings

  1. Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % Non-Cum Perp Pfd Shs Series 1.62%
  2. Wells Fargo & Company 0% 1.40%
  3. Wells Fargo & Co Deposit Shs Repr 1/1000th 5.85 % Non-Cum Perp Pfd Shs -A- 1.36%
  4. JPMorgan Chase & Co. 0% 1.32%
  5. JPMorgan Chase & Co Pfd 1.28%
  6. Bank of America Corp Pfd 1.24%
  7. AT&T Inc 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C 1.16%
  8. JPMorgan Chase & Co 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE 1.15%
  9. Bank of America Corp Pfd 1.14%
  10. Capital One Financial Corp Series I 1.12%

Asset Allocation

Weighting Return Low Return High PGX % Rank
Preferred Stocks
100.43% 2.85% 117.24% 2.47%
Other
0.45% 0.00% 16.70% 27.16%
Stocks
0.00% 0.00% 54.46% 64.20%
Convertible Bonds
0.00% 0.00% 36.78% 85.19%
Bonds
0.00% 0.00% 84.32% 86.42%
Cash
-0.88% -28.99% 5.89% 92.59%

PGX - Expenses

Operational Fees

PGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.15% 4.20% 88.46%
Management Fee 0.50% 0.00% 1.21% 18.52%
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% 5.00% 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 18.00% 6.30% 166.00% 8.97%

PGX - Distributions

Dividend Yield Analysis

PGX Category Low Category High PGX % Rank
Dividend Yield 1.25% 0.00% 2.26% 11.11%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PGX Category Low Category High PGX % Rank
Net Income Ratio 5.20% 2.65% 7.54% 31.65%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PGX - Fund Manager Analysis

Managers

Peter Hubbard


Start Date

Tenure

Tenure Rank

Jan 31, 2008

13.34

13.3%

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

9.34

9.3%

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

7.26

7.3%

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

1.45

1.5%

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

0.07

0.1%

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
0.07 29.32 7.47 10.42