Invesco Preferred ETF

Frequently Asked Questions About PGX

What are the top holdings of PGX?

Invesco Preferred ETF holds 270 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does PGX have?

PGX holds 270 positions as reported by the fund's most recent disclosure.

What sectors does PGX invest in?

Invesco Preferred ETF (PGX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is PGX most exposed to?

PGX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is PGX a US-only fund?

The country allocation card on this page shows PGX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

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.