Invesco International Corporate Bond ETF
$22.38−0.27 (−1.19%)
- Expense ratio
- 0.50%
- Fund size
- $349M
- 1Y return
- −2.1%
- Yield · Last 12 months
- 3.52%
- Holdings
- 613
- Volume · 30D
- 0.1M sh
- NAV per share
- $22.73
- 52W range
The ETF.net PICB Grade
Score 34 of 100 sits in the D 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.FScore 9Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 45Category 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.DScore 32Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 67Category rank
Our read on PICB
DThe odd one out in a very US-heavy aisle. PICB tracks an S&P index of investment grade corporate bonds from outside the United States, roughly 600 of them, and has been doing it since 2010. Broad overseas credit in one ticket, at a premium price.
The Fund seeks to track the investment results of the S&P International Corporate Bond Index before fees and expenses.
Why people hold it
- A real niche: the cohort's highest-rated names (VCIT, USIG, SPIB) all hold US corporate paper. PICB's mandate is international corporate credit instead.
- Spread wide by design: about 600 bonds, tracked to an index rather than hand-picked, so no single issuer or manager call runs the show.
- Pays monthly, and has been on the tape since 2010, a long record for a corner of the market with few US-listed options.
Worth knowing
- Costs 0.50% a year against a 0.19% median for investment grade corporate bond ETFs. That gap is the main reason it sits in the lower tier of its peer group.
- Moderately traded rather than one of the category's heavyweights, so the cost of getting in and out is worth checking before you trade.
- An international mandate tracks overseas credit markets, not the domestic ones its peers follow. Different job, different behavior.
PICB Holdings
- Bonds
- 613
- 7%
- USD Pending Dividends
Sectors
- Corporate94.6%
- Government4.0%
- Securitized1.4%
Geography
- France22.60%
- Canada17.30%
- United Kingdom15.46%
- Netherlands13.23%
- Spain4.78%
- Germany4.53%
- Australia4.30%
- Italy3.73%
- 14.06%
Developed 100% · Emerging 0%
PICB 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 | PICB |
|---|---|
| Year to date | −2.8% |
| 1 month | −2.6% |
| 3 months | −1.0% |
| 1 year | −2.1% |
| 3 years | +5.7% |
| 5 years | −2.0% |
| 10 years | +0.4% |
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 | PICB |
|---|---|---|
| 2026 YTD | −2.8% | |
| 2025 | +14.3% | |
| 2024 | −3.5% | |
| 2023 | +11.6% | |
| 2022 | −22.6% | |
| 2021 | −6.9% | |
| 2020 | +12.9% |
PICB in the news
ETF.net Research hasn’t filed on PICB yet — coverage lands here as it’s written.
PICB Dividends
- 3.52%
- $0.80
- $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 | $0.07 |
| Jun 22, 2026 | Jun 26, 2026 | $0.07 |
| May 18, 2026 | May 22, 2026 | $0.07 |
| Apr 20, 2026 | Apr 24, 2026 | $0.06 |
| Mar 23, 2026 | Mar 27, 2026 | $0.06 |
| Feb 23, 2026 | Feb 27, 2026 | $0.06 |
| Jan 20, 2026 | Jan 23, 2026 | $0.06 |
| Dec 22, 2025 | Dec 26, 2025 | $0.08 |
| Nov 24, 2025 | Nov 28, 2025 | $0.07 |
| Oct 20, 2025 | Oct 24, 2025 | $0.07 |
PICB Risk
- 8.9%
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.
- 0.14
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.
- −34.2%
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.
- 1.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PICB Cost
- The middle half of Investment Grade Corporate funds
- Median 0.30%
43 of the 49 Investment Grade Corporate funds charge less.