---
ticker: "PCY"
name: "Invesco Emerging Markets Sovereign Debt ETF"
url: "https://etf.net/etf/PCY"
grade: "B"
score: 58
graded_at: "2026-10-12"
category: "Emerging Markets Bonds (US Dollar)"
category_rank: "10 of 17"
methodology: "https://etf.net/methodology"
---

# PCY: Invesco Emerging Markets Sovereign Debt ETF

Grade **B**, Score 58 of 100. Rank 10 of 17 in Emerging Markets Bonds (US Dollar).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 28 | 11 of 17 |
| Mission | 93 | 9 of 15 |
| Risk | 26 | 16 of 16 |
| Tradability | 80 | 4 of 17 |
| Holdings | 64 | 8 of 17 |
| Durability | 82 | 4 of 17 |

## Top holdings

The fund holds 105 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | USD Pending Dividends | 1.57% |
| 2 | — | Republic of Poland Government International Bond 4.88% 02/12/2030 | 1.51% |
| 3 | — | Pakistan Government International Bond 7.38% 04/08/2031 | 1.48% |
| 4 | — | Pakistan Government International Bond 8.88% 04/08/2051 | 1.41% |
| 5 | — | Angolan Government International Bond 9.38% 05/08/2048 | 1.03% |
| 6 | — | Jordan Government International Bond 5.85% 07/07/2030 | 1.02% |
| 7 | — | Angolan Government International Bond 9.13% 11/26/2049 | 1.01% |
| 8 | — | El Salvador Government International Bond 7.63% 02/01/2041 | 1.01% |
| 9 | — | Trinidad & Tobago Government International Bond 6.50% 01/28/2036 | 1.01% |
| 10 | — | Trinidad & Tobago Government International Bond 6.40% 06/26/2034 | 1.00% |
| 11 | — | Republic of Uzbekistan International Bond 3.90% 10/19/2031 | 1.00% |
| 12 | — | Mongolia Government International Bond 5.95% 03/09/2032 | 1.00% |
| 13 | — | Mongolia Government International Bond 4.45% 07/07/2031 | 1.00% |
| 14 | — | Nigeria Government International Bond 7.63% 11/28/2047 | 0.99% |
| 15 | — | Nigeria Government International Bond 9.25% 01/21/2049 | 0.99% |
| 16 | — | Brazilian Government International Bond 4.75% 01/14/2050 | 0.99% |
| 17 | — | El Salvador Government International Bond 9.50% 07/15/2052 | 0.99% |
| 18 | — | Jordan Government International Bond 5.75% 11/12/2032 | 0.99% |
| 19 | — | Mongolia Government International Bond 6.63% 02/25/2030 | 0.99% |
| 20 | — | Panama Government International Bond 6.40% 02/14/2035 | 0.99% |
| 21 | — | El Salvador Government International Bond 7.12% 01/20/2050 | 0.99% |
| 22 | — | Panama Government International Bond 6.88% 01/31/2036 | 0.99% |
| 23 | — | Angolan Government International Bond 9.88% 03/31/2037 | 0.98% |
| 24 | — | Brazilian Government International Bond 7.25% 01/12/2056 | 0.98% |
| 25 | — | Serbia International Bond 5.50% 05/06/2036 | 0.98% |
| 26 | — | Colombia Government International Bond 8.38% 11/07/2054 | 0.98% |
| 27 | — | Guatemala Government Bond 6.55% 02/06/2037 | 0.98% |
| 28 | — | Republic of Uzbekistan International Bond 6.90% 02/28/2032 | 0.97% |
| 29 | — | Guatemala Government Bond 6.88% 08/15/2055 | 0.97% |
| 30 | — | Republic of Uzbekistan International Bond 6.95% 05/25/2032 | 0.97% |

Source: etf.net, https://etf.net/etf/PCY. Please cite the page URL.