# Invesco Preferred Shares UCITS ETF Acc (PRAC)

**Page:** https://fundology.uk/fund/prac · ISIN IE00BG482169

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, PRAC (Invesco Preferred Shares UCITS ETF Acc, ISIN IE00BG482169) closed at $42.05 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its total return was −14.6%, or −33.4% after UK CPIH inflation.

## Summary

Invesco Preferred Shares UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, launched in 2018. It tracks the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **$42.05** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | PRAC |
| ISIN | IE00BG482169 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Invesco |
| Tracks | ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index |
| Income | Accumulating |
| Ongoing charge | 0.50% a year (£50 per £10,000) |
| Fund size | £47.5m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/12/2018 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -10.57% | -13.74% | income reinvested |
| 3 years | -4.80% | -13.99% | income reinvested |
| 5 years | -14.62% | -33.36% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco Preferred Shares UCITS ETF Acc in pounds (price, with income reinvested in the fund): 2022 −12.0%, 2023 +3.5%, 2024 +9.4%, 2025 −6.8%; 2026 to 13/11/2026 −8.9%. Returns of Invesco Preferred Shares UCITS ETF Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −8.2%; to 30/09/2025: −1.4%; to 30/09/2024: +9.7%; to 30/09/2023: −12.5%; to 30/09/2022: +1.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -12.0% | -19.5% | Price |
| 2023 | +3.5% | -0.6% | Price |
| 2024 | +9.4% | +5.6% | Price |
| 2025 | -6.8% | -10.0% | Price |
| 2026 to 13/11/2026 | -8.9% | -11.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 9.92% | -12.44% |
| 3 years | 9.60% | -15.52% |
| 5 years | 11.60% | -18.01% |

## Largest fall

Volatility of Invesco Preferred Shares UCITS ETF Acc in pounds, annualised from weekly returns to 13/11/2026: 9.9% over 1 year, 9.6% over 3 years, 11.6% over 5 years. Largest fall in the price of Invesco Preferred Shares UCITS ETF Acc since November 2021, in pounds: −18.0% from 05/08/2022 to 20/10/2023. The lowest 12-month return of Invesco Preferred Shares UCITS ETF Acc in pounds (price, with income reinvested in the fund) since January 2021 was −15.6% (12 months to 18/08/2023); the highest was +19.6% (12 months to 18/10/2024). On 13/11/2026 the price of Invesco Preferred Shares UCITS ETF Acc was 16.5% below its highest weekly close since November 2021 (05/08/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco Preferred Shares UCITS ETF Acc 0.50% a year. Compared on 14/11/2026, 51 of the 427 other corporate and other bond funds charge more, 16 the same and 360 less (share classes counted once).

## Funds tracking the same index

2 funds track ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.50% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco Preferred Shares UCITS ETF | 0.50% | -10.9% | -2.9% | -14.8% |
| Invesco Preferred Shares UCITS ETF Acc (this fund) | 0.50% | -10.6% | -4.8% | -14.6% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.50%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 12/11/2026, PRAC holds 142 positions, according to its published holdings. The largest is JP Morgan Chase at 7.65% of the fund; the ten largest make up 39.8%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 7.65% |
| 2 | Morgan Stanley | [MS](https://fundology.uk/stock/MS) | 6.65% |
| 3 | Bank of America | [BAC](https://fundology.uk/stock/BAC) | 6.09% |
| 4 | Wells Fargo | [WFC](https://fundology.uk/stock/WFC) | 4.29% |
| 5 | Public Storage | [PSA](https://fundology.uk/stock/PSA) | 3.23% |
| 6 | AT&T | [T](https://fundology.uk/stock/T) | 2.91% |
| 7 | Capital One Financial | [COF](https://fundology.uk/stock/COF) | 2.57% |
| 8 | Athene Holding Ltd USD 25.0000 Pfd | — | 2.45% |
| 9 | Southern | [SO](https://fundology.uk/stock/SO) | 2.07% |
| 10 | Nextera Energy Capital USD 25.0000 Pfd | — | 1.92% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 12/11/2026.

| Sector | Weight |
|---|---|
| financial Institutions | 77.9% |
| utility | 12.4% |
| industrial | 9.0% |

### By country

As published for the fund, as of 12/11/2026.

| Country | Weight |
|---|---|
| United States | 95.7% |
| Bermuda | 1.9% |
| Canada | 1.7% |
| Puerto Rico | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 12/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.4% |
| Cash and money market | 0.6% |

All 142 holdings: https://fundology.uk/fund/prac/holdings

## Questions people ask

**What is the ongoing charge of PRAC?**

The ongoing charge of PRAC is 0.50% a year — about £50 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Preferred Shares UCITS ETF Acc 0.50% a year. Compared on 14/11/2026, 51 of the 427 other corporate and other bond funds charge more, 16 the same and 360 less (share classes counted once).

**What does PRAC track?**

PRAC tracks the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index.

**Is PRAC accumulating or distributing?**

PRAC is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of PRAC?**

The ISIN of PRAC is IE00BG482169. An ISIN identifies one exact share class of a fund; PRAC is its ticker on the London Stock Exchange.

**What does PRAC hold?**

As of 12/11/2026, PRAC holds 142 positions, according to its published holdings. The largest is JP Morgan Chase at 7.65% of the fund; the ten largest make up 39.8%. Its ten largest holdings are JP Morgan Chase (7.65%), Morgan Stanley (6.65%), Bank of America (6.09%), Wells Fargo (4.29%), Public Storage (3.23%), AT&T (2.91%), Capital One Financial (2.57%), Athene Holding Ltd USD 25.0000 Pfd (2.45%), Southern (2.07%) and Nextera Energy Capital USD 25.0000 Pfd (1.92%).

**What were PRAC’s returns in each of the last five years?**

Calendar-year returns of PRAC in pounds (price, with income reinvested in the fund): 2022 −12.0%, 2023 +3.5%, 2024 +9.4%, 2025 −6.8%; 2026 to 13/11/2026 −8.9%. Past performance is not a guide to future returns.

**How has PRAC done after inflation?**

Over the five years to 13/11/2026 PRAC’s total return was −14.6%, or −33.4% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.