PGX 📈 Invesco Preferred - Overview

The Invesco Preferred ETF, listed on NYSE ARCA under the ticker PGX, is designed to track the performance of the fixed rate U.S. dollar-denominated preferred securities market. To achieve this, the fund invests at least 80% of its total assets in the components of the underlying index, which is a market capitalization-weighted index. This means that the securities within the index are weighted based on their market capitalization, providing a more accurate representation of the market's performance. The index is maintained by ICE Data Indices, LLC, which selects securities strictly in accordance with its guidelines and mandated procedures.

The Invesco Preferred ETF is a type of exchange-traded fund (ETF) that falls under the preferred stock category. As such, it provides investors with exposure to a diversified portfolio of preferred securities, which are a type of hybrid security that combines elements of both debt and equity. The fund is domiciled in the United States and has an International Securities Identification Number (ISIN) of US46138E5116. For more information about the fund, including its investment objectives, strategies, and risks, investors can visit the website of Invesco, the fund's issuer, at http://www.invesco.com/us.

By investing in the Invesco Preferred ETF, investors can gain access to a broad range of fixed rate U.S. dollar-denominated preferred securities, which can provide a regular income stream and potentially lower volatility compared to common stocks. The fund's market capitalization-weighted index is designed to measure the performance of the preferred securities market, providing investors with a benchmark for their investments. With its diversified portfolio and transparent investment process, the Invesco Preferred ETF can be a useful tool for investors seeking to add preferred securities to their investment portfolios.