PICB

Invesco International Corporate Bond ETF

$23.50

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Invesco International Corporate Bond ETF (PICB) seeks to track the performance of the S&P International Corporate Bond Index, which measures the performance of investment-grade corporate bonds issued in non-U.S. developed markets.

Overview

ETF tracking Invesco International Corporate Bond ETF

Category International

Issuer Invesco

Inception Date 2010-06-03

Market Cap $195.1M

Average Volume N/A

Dividend Yield 2.58%

52-Week Range $21.07 - $24.24

VWAP $23.52

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests primarily in investment-grade corporate bonds from issuers located in developed international markets. The fund uses a sampling approach to track the index, holding a subset of the index's securities that collectively have an investment profile similar to the index.

✨ Key Features

Provides exposure to investment-grade corporate bonds issued outside the U.S. in developed international markets
Tracks the S&P International Corporate Bond Index, which covers a broad range of non-U.S. corporate debt
Low expense ratio of 0.00%
Suitable for investors seeking international fixed income diversification

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the creditworthiness of the underlying bond issuers
Currency risk: Returns may be affected by changes in the exchange rates between the U.S. dollar and foreign currencies
Liquidity risk: The bonds held by the fund may have limited trading volume, making them difficult to sell

👤 Best For

PICB may be suitable for investors seeking exposure to international corporate bonds as part of a diversified fixed income portfolio. It can provide diversification benefits and potential yield enhancement compared to a U.S.-only bond allocation. However, investors should be comfortable with the additional risks associated with international fixed income investments.