Invesco Preferred ETF
$10.28−0.07 (−0.72%)
- Expense ratio
- 0.50%
- Fund size
- $3.7B
- 1Y return
- −6.3%
- Yield · Last 12 months
- 6.67%
- Holdings
- 271
- Volume · 30D
- 3.6M sh
- NAV per share
- $10.39
- 52W range
The ETF.net PGX Grade
Score 64 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.BScore 55Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 79Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 21Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 86Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 90Category rank
Our read on PGX
BA 2008-vintage preferred fund that has traded through every rate cycle since. Roughly 300 fixed-rate preferred securities, distributions paid monthly, and enough daily volume to get in and out without drama.
The fund seeks a combination of income and capital appreciation through investment in preferred securities.
Why people hold it
- Live since January 2008, so its record spans the credit crisis, the zero-rate decade, and the rate spike that followed.
- Spreads the bet across about 300 preferred issues, so a single skipped coupon or downgraded issuer is a thin slice of the pot.
- Distributions arrive monthly rather than quarterly, which lines up with how most bills show up.
- A multi-billion-dollar fund that trades actively, which generally keeps bid-ask spreads manageable for ordinary-size orders.
Worth knowing
- The 0.50% annual fee sits above the typical index-tracking ETF, and you pay it in flat markets as well as good ones.
- The index is fixed-rate by design, so prices here respond to interest rate moves, not just to issuer credit quality.
- The stated mandate puts income first and capital appreciation second, a different job than a stock fund does.
PGX Holdings
- Stocks
- 271
- 13%
- JPM-PC
Sectors
- Financials74.0%
- Utilities10.2%
- Real Estate6.7%
- Communication6.0%
- Consumer Discr.2.1%
- Industrials0.5%
- Energy0.3%
- Materials0.1%
Geography
- United States95.43%
- Bermuda2.65%
- Canada1.10%
- Netherlands0.71%
- Puerto Rico0.11%
PGX 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 | PGX |
|---|---|
| Year to date | −3.5% |
| 1 month | −1.3% |
| 3 months | −3.0% |
| 1 year | −6.3% |
| 3 years | +4.0% |
| 5 years | −1.7% |
| 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 | PGX |
|---|---|---|
| 2026 YTD | −3.5% | |
| 2025 | +3.5% | |
| 2024 | +6.5% | |
| 2023 | +9.5% | |
| 2022 | −21.2% | |
| 2021 | +3.2% | |
| 2020 | +7.1% |
PGX in the news
ETF.net Research hasn’t filed on PGX yet — coverage lands here as it’s written.
PGX Dividends
- 6.67%
- $0.69
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.06 |
| Aug 24, 2026 | Aug 28, 2026 | $0.06 |
| Jul 20, 2026 | Jul 24, 2026 | $0.06 |
| Jun 22, 2026 | Jun 26, 2026 | $0.05 |
| May 18, 2026 | May 22, 2026 | $0.05 |
| Apr 20, 2026 | Apr 24, 2026 | $0.06 |
| Mar 23, 2026 | Mar 27, 2026 | $0.06 |
| Feb 23, 2026 | Feb 27, 2026 | $0.05 |
| Jan 20, 2026 | Jan 23, 2026 | $0.06 |
| Dec 22, 2025 | Dec 26, 2025 | $0.05 |
| Nov 24, 2025 | Nov 28, 2025 | $0.06 |
| Oct 20, 2025 | Oct 24, 2025 | $0.07 |
PGX Risk
- 9.8%
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.
- 0.01
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.
- −24.6%
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.
- 1.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PGX Cost
- The middle half of Preferred Securities funds
- Median 0.50%
14 of the 31 Preferred Securities funds charge less.