Invesco Preferred ETF

Frequently Asked Questions About PGX

What does PGX invest in?

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.

What is the expense ratio of PGX?

Invesco Preferred ETF (PGX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PGX?

Invesco Preferred ETF (PGX) manages $3.84B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PGX actively managed or an index fund?

PGX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PGX launched?

Invesco Preferred ETF (PGX) launched in January 2008 and is managed by Invesco.

How has PGX performed?

PGX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.