Invesco Preferred Shares UCITS ETF (PRFD.L)

This Invesco ETF, the Preferred Shares UCITS ETF Dist, seeks to replicate the net total return performance of the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index (referred to as the “Reference Index”), after accounting for its fees and expenses. Income from the fund is distributed to shareholders on a quarterly basis. The Reference Index is composed of fixed-rate preferred shares, denominated in US dollars, which originate from the US domestic market. Holdings within the index are weighted by their market capitalization, subject to a maximum allocation of 10% per individual issuer. An additional diversification rule prevents more than 40% of the Reference Index from being made up of issuers that each exceed 5% of the index’s total…