Invesco Financial Preferred ETF
$12.97−0.12 (−0.92%)
- Expense ratio
- 0.56%
- Fund size
- $633M
- 1Y return
- −6.0%
- Yield · Last 12 months
- 6.67%
- Holdings
- 101
- Volume · 30D
- 0.2M sh
- NAV per share
- $13.14
- 52W range
The ETF.net PGF Grade
Score 55 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 38Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 77Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 23Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 72Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on PGF
BFiled under financials, but this isn't a bank-stock fund. PGF buys the fixed-rate preferred shares that banks and insurers issue and pays the income out monthly. It launched in 2006, making it one of the original preferred-stock ETFs.
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
- Narrow mandate, plainly written: at least 90% of assets in fixed-rate US-dollar preferred securities issued by financial institutions, tracking an ICE index of financial preferreds.
- Spread across roughly 100 preferred issues rather than a few big bank names, so no single security dominates the payout stream.
- Distributions land monthly, useful for anyone treating preferred income as a recurring cash-flow line instead of a quarterly lump.
- Live since 2006, so it has traded through the 2008 crisis and the 2023 regional-bank scare. Its behavior when bank balance sheets wobble is on the record.
Worth knowing
- 0.55% a year is real money next to plain financials index trackers such as VFH and XLF, which charge a fraction of that, and it sits above the category norm.
- Fixed-rate by design. Coupons don't reset, so prices move with interest rates much like long-dated bonds rather than with bank earnings.
- One sector, one rung of the capital stack: stress at US banks and insurers hits credit quality and price at the same time, with no other industries to lean on.
PGF Holdings
- Stocks
- 101
- 21%
- JPM-PC
Sectors
- Financials100.0%
Geography
- United States96.17%
- Bermuda3.83%
PGF 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 | PGF |
|---|---|
| Year to date | −2.9% |
| 1 month | −1.4% |
| 3 months | −2.6% |
| 1 year | −6.0% |
| 3 years | +3.7% |
| 5 years | −1.6% |
| 10 years | +1.8% |
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 | −2.9% | |
| 2025 | +3.4% | |
| 2024 | +6.0% | |
| 2023 | +7.7% | |
| 2022 | −19.2% | |
| 2021 | +2.7% | |
| 2020 | +7.3% |
PGF in the news
ETF.net Research hasn’t filed on PGF yet — coverage lands here as it’s written.
PGF Dividends
- 6.67%
- $0.87
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.07 |
| Aug 24, 2026 | Aug 28, 2026 | $0.07 |
| Jul 20, 2026 | Jul 24, 2026 | $0.08 |
| Jun 22, 2026 | Jun 26, 2026 | $0.07 |
| May 18, 2026 | May 22, 2026 | $0.06 |
| Apr 20, 2026 | Apr 24, 2026 | $0.07 |
| Mar 23, 2026 | Mar 27, 2026 | $0.06 |
| Feb 23, 2026 | Feb 27, 2026 | $0.06 |
| Jan 20, 2026 | Jan 23, 2026 | $0.08 |
| Dec 22, 2025 | Dec 26, 2025 | $0.07 |
| Nov 24, 2025 | Nov 28, 2025 | $0.07 |
| Oct 20, 2025 | Oct 24, 2025 | $0.09 |
PGF Risk
- 9.4%
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.
- 0.02
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.
PGF Cost
- The middle half of Preferred Securities funds
- Median 0.50%
19 of the 31 Preferred Securities funds charge less.