Invesco Preferred Shares UCITS ETF EUR Hdg Dist

Product description

The Invesco Preferred Shares UCITS ETF EUR Hdg Dist aims to provide the net total return performance of the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index (the “Reference Index”), less the impact of fees. To minimise exposure to fluctuations in the exchange rate between USD and EUR, the EUR Hedged share class enters into foreign exchange transactions. The fund distributes dividends on a quarterly basis.

The Reference Index tracks the performance of fixed-rate US-dollar-denominated preferred securities issued in the US domestic market.  Constituents are capitalisation-weighted subject to a 10% issuer cap and with no more than 40% of the Reference Index comprised of issuers that individually account for more than 5% of the Reference Index. Securities must be rated at least B3 based on an average of three leading ratings agencies (Moody’s, S&P and Fitch) and must have an investment-grade country risk profile.

The fund aims to achieve its objective by buying and holding, as far as possible and practical, all the securities in the Reference Index in their respective weightings. The Reference Index and, in turn, the fund is rebalanced and reconstituted on a monthly basis.

Security Information

General information
Base currency EUR
Dividend treatment Quarterly
Minimum investment 1 share
Launch date 13 Apr 2018
Shares outstanding 1,290,318
Exchanges Deutsche Börse (Xetra)
SIX Swiss Exchange
Borsa Italiana
Further information
ISA Eligible
SIPP Eligible
UCITS Compliant
UK reporting status Yes
Passported to Austria, Finland, France, Germany, Ireland, Israel (Institutional), Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom
Structure
Legal form UCITS
Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 31 December
Tax information for German investors
Equity ratio 20.7792
Key service providers
Issuer Invesco Markets II plc
Manager Invesco Investment Management Limited
Investment manager Invesco Capital Management LLC
Fund administrator BNY Mellon Fund Services (Ireland) DAC
Depositary The Bank of New York Mellon SA/NV
Auditor PricewaterhouseCoopers
Promoter Invesco Investment Management Limited
Yield information
Dividend frequency Quarterly
Use of income Distributed
Fiscal year end 31 December
Currency EUR
Recent distributions
Announcement date 10 Jun 2021
Ex-date 17 Jun 2021
Record date 18 Jun 2021
Payment date 21 Jun 2021
Distribution per shares 0.2313
Currency EUR
Download all distributions

Key information

Bloomberg ticker PDSE GY
ISIN IE00BDT8V027
Benchmark BBG ticker PCDP
Management fee 0.55%
NAV (4 Aug 2021) €19.62
AUM €204,901,044
Base currency EUR
Securities lending Yes
Umbrella AUM (3 Aug 2021) €5,635,021,357

ESG Profile

(Fund 30 Jul 2021)

ESG Rating (AAA-CCC) A
Quality Score (0-10) 6.12
Carbon Intensity 327.29

Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).

Key risks

Capital is not guaranteed: The value of investments, and income from them, can go down as well as up and you may not get back the full amount you invested.

Index tracking: The Fund will not replicate the performance of its Reference Index perfectly, this is because the Fund will incur drags on performance such as expenses and transactions costs, which the Reference Index is not subject to. If the Fund is unable to hold the securities in the exact proportion required this will affect its ability to track the Reference Index.

Liquidity on secondary market risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. On-exchange liquidity may be limited due to Reference Index suspension, a decision by one of the relevant stock exchanges, a breach by the market maker or respective stock exchange requirements and guidelines.

Value of securities: The value of securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.