# Invesco Preferred Shares UCITS ETF (PRAC) **Source:** https://fundology.uk/fund/prac · ISIN IE00BG482169 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, PRAC (Invesco Preferred Shares UCITS ETF, ISIN IE00BG482169) closed at $43.71 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 30/09/2026 its total return was −11.7%, or −31.0% after UK CPIH inflation. ## Summary Invesco Preferred Shares UCITS ETF 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: **$43.71** (30/09/2026). ## 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 | £38.6m | | Launched | 2018 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -7.54% | -10.44% | income reinvested | | 3 years | -0.75% | -10.44% | income reinvested | | 5 years | -11.67% | -30.95% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco Preferred Shares UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −12.0%, 2023 +3.5%, 2024 +5.2%, 2025 −4.2%; 2026 to 30/09/2026 −4.6%. Returns of Invesco Preferred Shares UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −8.6%; to 30/09/2025: −1.0%; to 30/09/2024: +9.7%; to 30/09/2023: −12.5%; to 30/09/2022: +2.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -12.0% | -19.5% | Price | | 2023 | +3.5% | -0.6% | Price | | 2024 | +5.2% | +1.6% | Price | | 2025 | -4.2% | -7.5% | Price | | 2026 to 30/09/2026 | -4.6% | -7.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 9.95% | -9.39% | | 3 years | 10.00% | -13.70% | | 5 years | 11.66% | -18.01% | ## Largest fall Volatility of Invesco Preferred Shares UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 10.0% over 1 year, 10.0% over 3 years, 11.7% over 5 years. Largest fall in the price of Invesco Preferred Shares UCITS ETF since October 2021, in pounds: −18.0% from 05/08/2022 to 20/10/2023. The lowest 12-month return of Invesco Preferred Shares UCITS ETF 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 30/09/2026 the price of Invesco Preferred Shares UCITS ETF was 13.5% below its highest weekly close since October 2021 (05/08/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Preferred Shares UCITS ETF 0.50% a year, as of 01/10/2026: 50 of the 383 other corporate and other bond funds charge more, 16 the same and 317 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Preferred Shares UCITS ETF | 0.50% | -7.3% | -0.8% | -10.8% | | Invesco Preferred Shares UCITS ETF (this fund) | 0.50% | -7.5% | -0.7% | -11.7% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | JPMORGAN CHASE & CO USD 25.0000 PFD | 7.63% | | Morgan Stanley | 6.89% | | Bank of America | 6.14% | | WELLS FARGO & COMPANY USD 25.0000 PFD | 4.30% | | Public Storage | 3.18% | | AT&T INC USD 25.0000 PFD | 3.10% | | Capital One Financial | 2.60% | | Athene Holding Ltd USD 25.0000 Pfd | 2.51% | | Southern Co USD 25.0000 Pfd | 2.07% | | NextEra Energy | 1.91% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by Invesco, as of 30/09/2026. | Sector | Weight | |---|---| | financial Institutions | 77.7% | | utility | 12.4% | | industrial | 9.4% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | United States | 95.6% | | Bermuda | 2.0% | | Canada | 1.7% | | Puerto Rico | 0.1% | ### By type of asset Added up from the holdings Invesco publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Equity | 99.5% | | Cash and money market | 0.5% | All 139 holdings: https://fundology.uk/fund/prac/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.