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ETFs

Invesco Financial Preferred ETF

PGF
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 01 2006
Expense Ratio
0.55%
Type
Preferred
Fund Owner
Invesco
Volume (1m avg. daily)
$2,614,519
AUM
$997,341,882
Associated Index
ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGPXX
Invesco Government & Agency Portfolio
3.50%
JPM/PR/C
JPMorgan Chase & Co. - 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE
2.85%
JPM/PR/D
JPMorgan Chase & Co. - 5.75% PRF PERPETUAL USD 25 - Dep 1/400th Ser DD
2.55%
C/PR/K
Citigroup Inc - FXDFR PRF PERPETUAL USD 25 - Ser K
2.54%
WFC/PR/Z
Wells Fargo & Co. - 4.75% PRF PERPETUAL USD 25 - Dp 1/1000 Sr Z Cl A
2.44%
JPM/PR/M
JPMorgan Chase & Co. - 4.20% PRF PERPETUAL USD 25 - Ser MM 1/400th
2.31%
JPM/PR/L
JPMorgan Chase & Co. - 4.625% PRF PERPETUAL USD 25 - Ser LL 1/400th Int
2.25%
BAC/PR/B
Bank Of America Corp. - 6% PRF PERPETUAL USD 25 - Ser GG 1/1000th int
2.05%
BAC/PR/M
Bank Of America Corp. - 5.375% PRF PERPETUAL USD 25 - Dp Sh1/1000th int KK
1.85%
JPM/PR/K
JPMorgan Chase & Co. - 4.55% PRF PERPETUAL USD 25 - Ser JJ 1/400 int
1.80%
Invest with PGF

What is PGF?

The Invesco Financial Preferred ETF (Fund) is based on the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index (Index). The Fund generally will invest at least 90% of its total assets in fixed rate U.S. dollar preferred securities issued in the U.S. domestic market by financial companies. The Index is designed to track the performance of exchange-listed fixed rate U.S. dollar preferred securities, and securities that the Index Provider believes are functionally equivalent to preferred securities issued by US financial companies, such as banking, brokerage, finance, investment and insurance . The Fund and the Index are rebalanced monthly. Effective the close of markets on June 30, 2021, the Funds underlying index, index provider, objective and strategy changed. The underlying index changed from the Wells Fargo Hybrid and Preferred Securities Financial Index to the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index; the index provider changed from Wells Fargo Securities, LLC to ICE Data Indices.

ETFs related toPGF

ETFs correlated to PGF include PSK, PGX, PFF

PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PGF is a Preferred ETF. The Invesco Financial Preferred ETF (Fund) is based on the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index (Index). The Fund generally will invest at least 90% of its total assets in fixed rate U.S. dollar preferred securities issued in the U.S. domestic market by financial companies. The Index is designed to track the performance of exchange-listed fixed rate U.S. dollar preferred securities, and securities that the Index Provider believes are functionally equivalent to preferred securities issued by US financial companies, such as banking, brokerage, finance, investment and insurance . The Fund and the Index are rebalanced monthly. Effective the close of markets on June 30, 2021, the Funds underlying index, index provider, objective and strategy changed. The underlying index changed from the Wells Fargo Hybrid and Preferred Securities Financial Index to the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index; the index provider changed from Wells Fargo Securities, LLC to ICE Data Indices.

PGF tracks the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index.

PGF dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, PGF is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PGF is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PGF is 0.0128%. This is the percent change in the value of PGF over the most recent 1-month period. The 3-month return on PGF is -0.0009%. This is the percent change in the value of PGF over the most recent 3-month period.

The standard deviation of PGF for the past year is 0.1627%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PGF include QAI, PCEF, and MLPA.

ETFs correlated to PGF include PSK, PGX, and PFF.

ETFs that are inversely correlated to PGF include FAZ, XBIL, and BNKD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.