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About Invesco Emerging Markets Sovereign Debt ETF
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Inception date
Oct 11, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46138E7849
PCY targets a USD-denominated emerging market sovereign debt with at least 3 years to maturity. Its underlying index imposes additional liquidity and relative value screens, setting it apart from other USD-denominated funds. It selects one to three securities from each eligible emerging market, maintaining geographic diversity but favoring those with longer maturities, effectively bearing additional interest rate risk for higher yield. Weights of all countries with two or more bonds included in the index have an equal weight, countries with one bond are allocated half this weight. In sum, PCY delivers alternative exposure USD-denominated with relative value screens in a broad package. The Fund and the index are rebalanced and reconstituted quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.70%
Mutual fund0.29%
Cash0.01%
Stock breakdown by region
Latin America28.13%
Middle East22.02%
Asia18.65%
Africa12.53%
Europe12.42%
North America6.26%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PCY top holdings are Government of Pakistan 7.375% 08-APR-2031 and Government of Pakistan 8.875% 08-APR-2051, occupying 1.61% and 1.60% of the portfolio correspondingly.
PCY last dividends amounted to 0.10 USD. The month before, the issuer paid 0.11 USD in dividends, which shows a 5.59% decrease.
PCY assets under management is 1.26 B USD. It's risen 4.35% over the last month.
PCY fund flows account for −212.42 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PCY pays dividends to its holders with the dividend yield of 6.05%. The last dividend (Sep 26, 2025) amounted to 0.10 USD. The dividends are paid monthly.
PCY shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Oct 11, 2007, and its management style is Passive.
PCY expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
PCY follows the DBIQ Emerging Markets Liquid Balanced Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PCY invests in bonds.
PCY price has risen by 3.27% over the last month, and its yearly performance shows a 0.09% increase. See more dynamics on PCY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.47% over the last month, showed a 7.60% increase in three-month performance and has increased by 6.86% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.47% over the last month, showed a 7.60% increase in three-month performance and has increased by 6.86% in a year.
PCY trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.