Ticker: PGX

Invesco Preferred ETF

Invests in fixed rate US dollar-denominated preferred securities issued in the US domestic market.

Product details

Why invest in PGX?

The Invesco Preferred ETF is designed for investors seeking a mix of income and capital appreciation by investing in preferred securities.

FAQ

Get timely answers to important questions regarding this product.

Yes, PGX makes monthly dividend distributions.

Most preferred securities dividends are considered qualified dividends, so they are taxed at a lower rate than ordinary income.

A preferred ETF is an exchange-traded fund that invests in preferred securities issued by financial services companies, utilities, and other sectors.

PGX is designed to track the ICE BofAML Core Plus Fixed Rate Securities Index. Securities in the index 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). 

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Footnotes

  • The Invesco Preferred ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the ICE BofA Core Plus Fixed Rate Preferred Securities Index (the “Underlying Index”).