Invesco Financial Preferred ETF
$12.51+0.01 (+0.08%)
- 0.56%
- $583M
- −7.9%
- 6.94%
- 231K sh
- low $12.45high $14.51
The ETF.net PGF Grade
C
Score 53 out of 100
- 16 of 31
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 18 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.B67 out of 100Rank 10 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D25 out of 100Rank 27 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 7 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 12 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 7 of 31
Our read on PGF
In short
CMost preferred ETFs are accidentally bank-heavy. PGF is deliberately so: since 2006 it has held fixed-rate preferreds from U.S. financial institutions and little else, paying monthly, for 0.56% a year.
Stated mandate
The fund provides financial-focused exposure to preferred securities and generally invests at least 90% of assets in fixed-rate U.S.-dollar preferred securities issued by financial institutions.
Why people hold it
Worth knowing
PGF Holdings
- Stocks
- 101
- 21%
- JPM-PC
Sectors
- Financials100.0%
Geography
- United States96.34%
- Bermuda3.66%
PGF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PGF$9,207
Returns run to the Oct 30, 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 | PGF |
|---|---|
| Year to date | −6.8% |
| 1 month | −1.3% |
| 3 months | −6.4% |
| 1 year | −7.9% |
| 3 years | +4.5% |
| 5 years | −2.3% |
| 10 years | +1.5% |
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 | PGF |
|---|---|---|
| 2026 YTD | −6.8% | |
| 2025 | +3.4% | |
| 2024 | +6.0% | |
| 2023 | +7.7% | |
| 2022 | −19.2% | |
| 2021 | +2.7% | |
| 2020 | +7.3% |
PGF in the news
PGF Dividends
- 6.94%
- $0.87
- $0.08 per share
- Monthly
PGF Risk
- 9.2%
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.
- 0.04
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.
- −23.4%
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.
- 1.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PGF Cost
Overpaying vs PFFD, cheapest in Preferred Securities
$6,329
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PGF 0.56%
$11,088
PFFD 0.23% Cheapest
$4,759
Cost over time
Year by year
| Year | PGF | PFFD | Overpaying |
|---|---|---|---|
| 10 | $1,006 | $419 | $587 |
| 20 | $3,855 | $1,630 | $2,225 |
| 30 | $11,088 | $4,759 | $6,329 |
Other funds in Preferred Securities
- CCSSDCohen & Steers Short Duration Preferred and Income Active ETFExpense ratio 0.49%1 year return
- CNPFINuveen Preferred and IncomeExpense ratio 0.56%1 year return +1.7%
- CFPFDFidelity Preferred Securities & Income ETFExpense ratio 0.59%1 year return −2.3%
- CPRIZZacks Preferred Income ETFExpense ratio 0.45%1 year return
- CCSPFCohen & Steers Preferred and Income Opportunities Active ETFExpense ratio 0.59%1 year return +1.9%
