# Invesco Preferred ETF (PGX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pgx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Thematic · Inception: 2008-01-31 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. A... ## Key Facts | Metric | Value | |---|---| | Price | $9.92 | | Expense Ratio | 0.50% | | Assets Under Management | $3.55B | | NAV | $9.89 | | Holdings Count | 270 | | Distribution Yield (TTM) | 6.90% | | Annual Distribution (TTM) | $0.68 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.85 – $11.64 | | Beta | 1.21 | ## Latest Distribution - Amount: $0.0610 /share - Ex-date: 2026-10-19 - Pay date: 2026-10-23 ## Frequently Asked Questions ### 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 $3.55B 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. ### Does PGX pay a dividend? Invesco Preferred ETF (PGX) currently distributes little or no income. Trailing-twelve-month yield is 6.90%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PGX pay dividends? Invesco Preferred ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PGX's dividend yield? PGX's trailing-twelve-month yield is 6.90%, calculated from the sum of dividends over the past year divided by the current price. ### When is PGX's next ex-dividend date? The most recently announced ex-dividend date for PGX was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PGX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PGX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PGX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PGX cost more than a fund like VOO? PGX's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PGX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PGX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PGX (0.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pgx - Distribution history: https://www.dividenddata.com/funds/pgx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pgx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pgx/expenses - Peer comparison: https://www.dividenddata.com/funds/pgx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.