Invesco Preferred ETF
Invesco Exchange-Traded Fund Trust II · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Invesco Preferred ETF is a U.S. equity index ETF that tracks the ICE BofA Core Plus Fixed Rate Preferred Securities Index.
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
Fund profile
As filed in the prospectus · 2025 Q4
The Invesco Preferred ETF (the Fund) seeks to track the investment results (before fees and expenses) of the ICE BofA Core Plus Fixed Rate Preferred Securities Index (the Underlying Index).
The fund tracks the ICE BofA Core Plus Fixed Rate Preferred Securities Index, a market-capitalization-weighted index of fixed-rate U.S. dollar-denominated preferred securities that meet minimum credit quality (B3 average rating) and liquidity thresholds ($100 million outstanding). The fund uses sampling methodology rather than holding all index constituents, which may cause its returns to diverge from the index. The fund concentrates its holdings in any industry only to the extent the index itself does, with significant current exposure to financials.
| Share class | Expense ratio |
|---|---|
| PGX | 0.50% |
Portfolio turnover 8.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.78% |
| Cash & short-term | 1.23% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 62.8% |
| Utilities | 10.3% |
| Other | 8.3% |
| Communication Services | 6.3% |
| 7 smaller | 12.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
New: NextEra Energy Capital Holdings, Inc., First Horizon Corp., Pinnacle Financial Partners, Inc.
Exited: Flagstar Bank, N.A, Kemper Corp.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | JPMorgan Chase & Co. | 1.77% | $25.26 | $67.59M | 2.7M |
| — | JPMorgan Chase & Co. | 1.54% | $24.02 | $58.91M | 2.5M |
| — | Wells Fargo & Co. | 1.42% | $18.62 | $54.21M | 2.9M |
| — | JPMorgan Chase & Co. | 1.31% | $18.76 | $50.22M | 2.7M |
| — | JPMorgan Chase & Co. | 1.31% | $17.30 | $50.04M | 2.9M |
| — | Bank of America Corp. | 1.27% | $24.94 | $48.68M | 2.0M |
| — | AT&T Inc. | 1.22% | $18.46 | $46.75M | 2.5M |
| — | Bank of America Corp. | 1.14% | $21.80 | $43.62M | 2.0M |
| — | AT&T Inc. | 1.05% | $21.02 | $40.25M | 1.9M |
| — | JPMorgan Chase & Co. | 1.05% | $18.45 | $40.05M | 2.2M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 13.10% of net assets, top 25 26.92%, across 127 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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