---
ticker: "PICB"
name: "Invesco International Corporate Bond ETF"
url: "https://etf.net/etf/PICB"
grade: "D"
score: 33
graded_at: "2026-10-12"
category: "Investment Grade Corporate"
category_rank: "46 of 49"
methodology: "https://etf.net/methodology"
---

# PICB: Invesco International Corporate Bond ETF

Grade **D**, Score 33 of 100. Rank 46 of 49 in Investment Grade Corporate.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 9 | 42 of 49 |
| Mission | 46 | 42 of 45 |
| Risk | 28 | 48 of 49 |
| Tradability | 32 | 37 of 49 |
| Holdings | 70 | 16 of 49 |
| Durability | 67 | 18 of 49 |

## Top holdings

The fund holds 525 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | USD Pending Dividends | 1.63% |
| 2 | — | NTT Finance Corp 0.38% 09/20/2030 | 0.85% |
| 3 | — | Toronto-Dominion Bank/The 4.68% 01/08/2029 | 0.69% |
| 4 | — | Royal Bank of Canada 4.63% 05/01/2028 | 0.68% |
| 5 | — | ENEL Finance International NV 5.75% 09/14/2040 | 0.65% |
| 6 | — | Bank of Montreal 4.54% 12/18/2028 | 0.55% |
| 7 | — | Norway Government Bond 2.00% 04/26/2028 | 0.55% |
| 8 | — | Bank of Montreal 5.04% 05/29/2028 | 0.55% |
| 9 | — | Bank of Nova Scotia/The 4.68% 02/01/2029 | 0.55% |
| 10 | — | NTT Finance Corp 0.28% 12/20/2027 | 0.55% |
| 11 | — | Bank of Montreal 4.42% 07/17/2029 | 0.54% |
| 12 | — | E.ON International Finance BV 6.38% 06/07/2032 | 0.51% |
| 13 | — | Sweden Government Bond 0.75% 11/12/2029 | 0.49% |
| 14 | — | Cooperatieve Rabobank UA 4.63% 05/23/2029 | 0.49% |
| 15 | — | National Bank of Canada 5.22% 06/14/2028 | 0.49% |
| 16 | — | E.ON International Finance BV 6.13% 07/06/2039 | 0.48% |
| 17 | — | THFC Funding No 3 PLC 5.20% 10/11/2043 | 0.46% |
| 18 | — | Heathrow Funding Ltd 6.45% 12/10/2031 | 0.46% |
| 19 | — | Sweden Government Bond 0.75% 05/12/2028 | 0.46% |
| 20 | — | Lloyds Bank PLC 6.50% 09/17/2040 | 0.45% |
| 21 | — | Rogers Communications Inc 6.75% 11/09/2039 | 0.44% |
| 22 | — | E.ON International Finance BV 5.88% 10/30/2037 | 0.42% |
| 23 | — | BNP Paribas SA 5.75% 06/13/2032 | 0.42% |
| 24 | — | Engie SA 5.00% 10/01/2060 | 0.42% |
| 25 | — | Toronto-Dominion Bank/The 5.49% 09/08/2028 | 0.41% |
| 26 | — | National Bank of Canada 5.02% 02/01/2029 | 0.41% |
| 27 | — | BNP Paribas SA 1.25% 07/13/2031 | 0.41% |
| 28 | — | Credit Agricole SA/London 1.75% 03/05/2029 | 0.41% |
| 29 | — | Intesa Sanpaolo SpA 6.63% 05/31/2033 | 0.40% |
| 30 | — | Federation des Caisses Desjardins du Quebec 3.71% 07/16/2031 | 0.39% |

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