Invesco Emerging Markets Sovereign Debt ETF
$20.52−0.28 (−1.32%)
- Expense ratio
- 0.50%
- Fund size
- $1.3B
- 1Y return
- +2.8%
- Yield · Last 12 months
- 6.08%
- Holdings
- 102
- Volume · 30D
- 0.3M sh
- NAV per share
- $20.78
- 52W range
The ETF.net PCY Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 70Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 82Category rank
Our read on PCY
BEmerging market government bonds, all issued in dollars, drawn from 20-plus countries under a "balanced" index that aims to weight them equally rather than hand the biggest slice to the biggest borrower. Trading since 2007, pays monthly.
The fund seeks to track the DBIQ Emerging Market USD Liquid Balanced Index, which represents liquid U.S.-dollar-denominated government bonds from emerging markets. It normally invests at least 80% of assets in index securities.
Why people hold it
- The index spreads across more than 20 emerging market countries and aims to weight holdings equally, so the heaviest borrowers do not automatically get the heaviest weight.invesco.combloomberg.com
- Countries are reselected annually and the portfolio is rebalanced quarterly, which keeps the mix from drifting toward whichever government issued the most paper.invesco.com
- Dollar-denominated bonds only, so local currency moves are not the driver. About 100 holdings, distributions monthly.
- A multi-billion-dollar fund that has been running since 2007 and tracks its index closely.
Worth knowing
- Costs 0.50% a year, above cohort peers JPMB and EMBD at 0.39%.
- Emerging market sovereign debt is a volatile corner of the bond market: credit downgrades, default scares and rate moves all land in the price.
- Equal weighting cuts both ways. A smaller, shakier issuer can sit alongside the sturdiest ones at a similar size.bloomberg.com
PCY Holdings
- Bonds
- 102
- 12%
- USD Pending Dividends
Geography
- Angola3.14%
- El Salvador3.07%
- Nigeria3.06%
- Trinidad and Tobago3.01%
- Mongolia2.97%
- Jordan2.96%
- Guatemala2.95%
- Brazil2.95%
- 75.86%
Developed 0% · Emerging 100%
PCY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PCY |
|---|---|
| Year to date | +0.4% |
| 1 month | −0.3% |
| 3 months | −2.4% |
| 1 year | +2.8% |
| 3 years | +10.4% |
| 5 years | +0.9% |
| 10 years | +1.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PCY |
|---|---|---|
| 2026 YTD | +0.4% | |
| 2025 | +16.3% | |
| 2024 | +2.5% | |
| 2023 | +18.5% | |
| 2022 | −24.4% | |
| 2021 | −4.3% | |
| 2020 | +2.3% |
PCY in the news
ETF.net Research hasn’t filed on PCY yet — coverage lands here as it’s written.
PCY Dividends
- 6.08%
- $1.26
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.11 |
| Aug 24, 2026 | Aug 28, 2026 | $0.10 |
| Jul 20, 2026 | Jul 24, 2026 | $0.10 |
| Jun 22, 2026 | Jun 26, 2026 | $0.10 |
| May 18, 2026 | May 22, 2026 | $0.11 |
| Apr 20, 2026 | Apr 24, 2026 | $0.10 |
| Mar 23, 2026 | Mar 27, 2026 | $0.10 |
| Feb 23, 2026 | Feb 27, 2026 | $0.10 |
| Jan 20, 2026 | Jan 23, 2026 | $0.11 |
| Dec 22, 2025 | Dec 26, 2025 | $0.11 |
| Nov 24, 2025 | Nov 28, 2025 | $0.11 |
| Oct 20, 2025 | Oct 24, 2025 | $0.10 |
PCY Risk
- 10.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −36.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.59
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PCY Cost
- The middle half of Emerging Markets Bonds (US Dollar) funds
- Median 0.40%
10 of the 17 Emerging Markets Bonds (US Dollar) funds charge less.