Product description

The investment objective of the Invesco Preferred Shares UCITS ETF Dist is to deliver the performance of the BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities Net Total Return Index, minus expenses, in US dollar terms.  The portfolio is rebalanced monthly, in-line with the index.

The BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities Net Total Return index  tracks the performance of fixed rate US dollar denominated preferred securities issued in the US domestic market.  Index constituents are capitalisation-weighted subject to a 10% issuer cap (Additionally, no more than 40% of the index can be comprised of issuers that individually account for more than 5% of the 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 and the Index are rebalanced and reconstituted on a monthly basis.

Please note that, prior to 25 May 2018, the name of this product was PowerShares Preferred Shares UCITS ETF. This change has no bearing on the investment objective or any other aspect of the product.

Trading information

London Stock Exchange
Trading currency USD
Bloomberg ticker PRFD LN
Bloomberg iNAV PRFDIN
Reuters ticker PRFD.L
Reuters iNAV 0K5RINAV.DE
WKN A2DVWJ
Valor 37811616
Sedol BZ5ZRG9
Today (20 Nov 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
Borsa Italiana
Trading currency EUR
Settlement period T+2
Exchange ticker PRFD
Bloomberg ticker PRFD IM
Bloomberg iNAV PRFDINE
Reuters ticker PRFD.MI
Reuters iNAV 0K5QINAV.DE
WKN A2DVWJ
Valor 37811616
Today (20 Nov 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
SIX Swiss Exchange
Trading currency USD
Settlement period T+2
Exchange ticker PRFD
Bloomberg ticker PRFD SW
Bloomberg iNAV PRFDIN
Reuters ticker PRFD.S
Reuters iNAV 0K5RINAV.DE
WKN A2DVWJ
Valor 37811616
Today (20 Nov 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...
London Stock Exchange
Trading currency GBP
Settlement period T+2
Exchange ticker PRFP
Bloomberg ticker PRFP LN
Bloomberg iNAV PRFPIN
Reuters ticker PRFP.L
Reuters iNAV 0DJ9INAV.DE
WKN A2DVWJ
Valor 37811616
Sedol BD2Z2S5
Today (20 Nov 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...

Key information

Bloomberg ticker PRFD LN
ISIN IE00BDVJF675
Benchmark BBG ticker PCDP
Management fee 0.50%
NAV (16 Nov 2018) $18.69
AUM $168,889,059
Base currency USD

Key fund 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 UK Services Limited 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.