Invesco Preferred Shares UCITS ETF A

ISIN IE00BG482169

 | 

Ticker PRAC

TER
0.50% p.a.
Distribution policy
Accumulating
Replication
Full replication
Fund size
53 m
Holdings
250
 

Overview

Description

The Invesco Preferred Shares UCITS ETF A seeks to track the BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities index. The BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities index tracks fixed rate preferred securities. The index contains only securities, which have been issued in the USA and are denominated in US-Dollar. Issuers may come from other countries, but then these countries must hold a rating within the Investment Grade range. Issuers only need a rating of BB- or higher to be eligible for the index.
 
The ETF's TER (total expense ratio) amounts to 0.50% p.a.. The Invesco Preferred Shares UCITS ETF A is the cheapest ETF that tracks the BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities index. The ETF replicates the performance of the underlying index by full replication (buying all the index constituents). The dividends in the ETF are accumulated and reinvested in the ETF.
 
The Invesco Preferred Shares UCITS ETF A is a small ETF with 53m GBP assets under management. The ETF was launched on 7 December 2018 and is domiciled in Ireland.
Show more Show less

Chart

Basics

Data

Fund size
GBP 53 m
Total expense ratio
0.50% p.a.
Replication Physical (Full replication)
Legal structure ETF
Strategy risk Long-only
Fund currency USD
Currency risk Currency unhedged
Volatility 1 year (in GBP)
11.92%
Inception/ Listing Date 7 December 2018
Distribution policy Accumulating
Distribution frequency -
Fund domicile Ireland
Fund Provider Invesco
Germany No tax rebate
Switzerland ESTV Reporting
Austria Tax Reporting Fund
UK UK Reporting
Indextype Total return index
Swap counterparty -
Collateral manager
Securities lending Yes
Securities lending counterparty

Similar ETFs

This section provides you with information on other ETFs with a similar investment focus to the Invesco Preferred Shares UCITS ETF A.
Similar ETFs via ETF search
How do you like our new ETF profile? Here you'll find our Questionnaire.

Holdings

Below you find information about the composition of the Invesco Preferred Shares UCITS ETF A.

Top 10 Holdings

Weight of top 10 holdings
out of 250
14.40%
JPMorgan Chase & Co.
1.77%
JPMorgan Chase & Co.
1.60%
Wells Fargo & Co.
1.58%
JPMorgan Chase & Co.
1.51%
JPMorgan Chase & Co.
1.51%
AT&T, Inc.
1.43%
Bank of America Corp.
1.31%
Bank of America Corp.
1.27%
AT&T, Inc.
1.22%
JPMorgan Chase & Co.
1.20%

Countries

United States
82.91%
Bermuda
4.99%
Other
12.10%

Sectors

Financials
56.38%
Real Estate
6.57%
Telecommunication
3.57%
Industrials
1.42%
Other
32.06%
Show more
As of 31/01/2024

Performance

Returns overview

YTD +5.95%
1 month +1.72%
3 months +5.17%
6 months +7.88%
1 year +9.33%
3 years +1.24%
5 years +10.33%
Since inception (MAX) +14.84%
2023 +2.72%
2022 -12.07%
2021 +3.92%
2020 +2.81%

Monthly returns in a heat map

Risk

Risk metrics in this section:
 
  • Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
  • Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
  • Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
ETF returns include dividend payments (if applicable).
Show more Show less

Risk overview

Volatility 1 year 11.92%
Volatility 3 years 14.03%
Volatility 5 years 16.65%
Return per risk 1 year 0.78
Return per risk 3 years 0.03
Return per risk 5 years 0.12
Maximum drawdown 1 year -8.65%
Maximum drawdown 3 years -21.46%
Maximum drawdown 5 years -26.83%
Maximum drawdown since inception -26.83%

Rolling 1 year volatility

Stock exchange

Listings

Listing Trade Currency Ticker Bloomberg /
iNAV Bloomberg Code
Reuters RIC /
iNAV Reuters
Market Maker
London Stock Exchange USD PRAC PRAC LN
PRACIN
PRAC.L
EQGEINAV.DE
Goldenberg Hehmeyer LLP
SIX Swiss Exchange USD PRAC PRAC SW
PRACIN
PRAC.S
EQGEINAV.DE
Goldenberg Hehmeyer LLP

Further information

Further ETFs on the BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities index

Fund name Fund Size in m € (AuM) TER
in % p.a.
Distribution policy Replication method
Invesco Preferred Shares UCITS ETF 75 0.50% p.a. Distributing Full replication

Frequently asked questions

What is the name of PRAC?

The name of PRAC is Invesco Preferred Shares UCITS ETF A.

What is the ticker of Invesco Preferred Shares UCITS ETF A?

The primary ticker of Invesco Preferred Shares UCITS ETF A is PRAC.

What is the ISIN of Invesco Preferred Shares UCITS ETF A?

The ISIN of Invesco Preferred Shares UCITS ETF A is IE00BG482169.

What are the costs of Invesco Preferred Shares UCITS ETF A?

The total expense ratio (TER) of Invesco Preferred Shares UCITS ETF A amounts to 0.50% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.

Is Invesco Preferred Shares UCITS ETF A paying dividends?

Invesco Preferred Shares UCITS ETF A is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.

What's the fund size of Invesco Preferred Shares UCITS ETF A?

The fund size of Invesco Preferred Shares UCITS ETF A is 53m GBP. See the following article for more information about the size of ETFs.

Track your ETF strategies online

— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH.

Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.