Invesco Preferred Shares UCITS ETF Acc

Investment Risks

For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified. The value of equities and equity-related securities can be affected by a number of factors including the activities and results of the issuer and general and regional economic and market conditions. This may result in fluctuations in the value of the Fund.

Product description

The Invesco Preferred Shares UCITS ETF Acc 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. 

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.

This ETF is passively managed.

Security Information

General information
Base currency USD
Dividend treatment Continuously reinvested
Minimum investment 1 share
Launch date 7 Dec 2018
Shares outstanding 1,482,235
Exchanges London Stock Exchange
SIX Swiss Exchange
Further information
ISA Eligible
SIPP Yes
UCITS Compliant
UK reporting status Yes
Countries of distribution Austria, Denmark, Finland, France, Germany, Hong Kong S.A.R. (Institutional), Ireland, Israel (Institutional), Italy (Institutional), Luxembourg, Mexico (Institutional), Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom
Structure
Legal form UCITS
Open ended fund
Replication method Physical
Domicile Ireland
Financial year end 31 December
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

Key information

Bloomberg ticker PRAC LN
ISIN IE00BG482169
Benchmark BBG ticker PCDP
Management fee 0.50%
NAV (27 Mar 2024) $45.64
AUM $173,290,526
Base currency USD
Replication method Physical
Securities lending Yes
Summary Risk Indicator (SRI) 4
Umbrella AUM (27 Mar 2024) $14,540,786,410

ESG Profile

(Fund 27 Mar 2024)

ESG Rating (AAA-CCC) BBB
Quality Score (0-10) 5.68
Carbon Intensity 205.06

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).

Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs.

The investment concerns the acquisition of units in a fund and not in a given underlying asset.

"BofA Merrill Lynch" and "The BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities Net Total Return Index" are reprinted with permission. ©Copyright 2017 Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofAML”). All rights reserved. "BofA Merrill Lynch" and "The BofA Merrill Lynch The BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities Net Total Return Index" (“Index”) are service marks of BofAML and/or its affiliates and have been licensed for use for certain purposes by Invesco (“Adviser”) on behalf of the Invesco Preferred Shares UCITS ETF (“Fund”) that is based on the Index, and is not issued, sponsored, endorsed or promoted by BofAML and/or its affiliates nor is BofAML and/or its affiliates an adviser to the Fund. BofAML and its affiliates make no representation, express or implied, regarding the advisability of investing in the Fund or the Index and do not guarantee the quality, accuracy or completeness of the Index, index values or any index related data included herein, provided herewith or derived therefrom and assume no liability in connection with their use. As the index provider, BofAML is licensing certain trademarks, the Index and trade names which are composed by BofAML.

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.

 

The risk / reward profile classifies the fund by an indicator representing the levels from the lowest (1) to the highest (7). For more information see the KID/KIID.