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ETFs

Invesco Preferred ETF

PGX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 31 2008
Expense Ratio
0.50%
Type
Preferred
Fund Owner
Invesco
Volume (1m avg. daily)
$49,621,522
AUM
$4,761,041,785
Associated Index
ICE BofAML Core Plus Fixed Rate Preferred Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

JPM/PR/C
JPMorgan Chase & Co. - 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE
1.86%
JPM/PR/D
JPMorgan Chase & Co. - 5.75% PRF PERPETUAL USD 25 - Dep 1/400th Ser DD
1.67%
JPM/PR/M
JPMorgan Chase & Co. - 4.20% PRF PERPETUAL USD 25 - Ser MM 1/400th
1.57%
JPM/PR/L
JPMorgan Chase & Co. - 4.625% PRF PERPETUAL USD 25 - Ser LL 1/400th Int
1.55%
WFC/PR/Z
Wells Fargo & Co. - 4.75% PRF PERPETUAL USD 25 - Dp 1/1000 Sr Z Cl A
1.55%
T/PR/C
AT&T, Inc. - 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C
1.44%
BAC/PR/M
Bank Of America Corp. - 5.375% PRF PERPETUAL USD 25 - Dp Sh1/1000th int KK
1.37%
BAC/PR/B
Bank Of America Corp. - 6% PRF PERPETUAL USD 25 - Ser GG 1/1000th int
1.29%
JPM/PR/K
JPMorgan Chase & Co. - 4.55% PRF PERPETUAL USD 25 - Ser JJ 1/400 int
1.24%
TBB
AT&T, Inc. - 5.35% NT REDEEM 01/11/2066 USD 25
1.22%
Invest with PGX

What is PGX?

The Invesco Preferred ETF is based on The ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody s, S&P and 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). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

ETFs related toPGX

ETFs correlated to PGX include PSK, PFF, PFFD

PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFFV
Global X Funds - Global X Variable Rate Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
YYY
Amplify ETF Trust - Amplify High Income ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PGX is a Preferred ETF. The Invesco Preferred ETF is based on The ICE BofAML Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody s, S&P and 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). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

PGX tracks the ICE BofAML Core Plus Fixed Rate Preferred Securities Index.

PGX dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, PGX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PGX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PGX is 0.0493%. This is the percent change in the value of PGX over the most recent 1-month period. The 3-month return on PGX is -0.0112%. This is the percent change in the value of PGX over the most recent 3-month period.

The standard deviation of PGX for the past year is 0.1674%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PGX include MLPA, PSP, and AMLP.

ETFs correlated to PGX include PSK, PFF, and PFFD.

ETFs that are inversely correlated to PGX include XBIL, SJB, and VIXM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.