Invesco Preferred Shares UCITS ETF (PRAC.L)

The Invesco Preferred Shares UCITS ETF Acc aims to mirror the net total return of the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, after accounting for its charges. This benchmark is composed of US-dollar-denominated, fixed-rate preferred securities originating from the United States domestic market. Index constituents are weighted based on their market capitalization, with a limit of 10% for any single issuer, and a further constraint ensures that issuers individually exceeding a 5% weighting do not collectively comprise more than 40% of the index. Eligible securities must hold an average credit rating of at least B3 from Moody's, S&P, and Fitch, and be issued in countries with an investment-grade risk assessment. The fund executes its strategy through…