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Invesco International Corporate Bond ETF PICB

Morningstar Medalist Rating
Medalist Rating as of | See Invesco Investment Hub

Morningstar’s Analysis PICB

Will PICB outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PICB’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PICB management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PICB’s parent organization’s priorities and whether they’re in line with investors’ interests.

A decline in its Process Pillar rating is the primary driver of Invesco International Corporate Bond ETF's downgrade to a Morningstar Medalist Rating of Neutral from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PICB

More PICB Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Currency Contract - Usd

1.77 2.2 Mil
Derivative

Euro

1.28 1.6 Mil
Derivative

The Toronto-Dominion Bank 2.667%

0.72 883,886
Corporate

Royal Bank of Canada 3.369%

0.58 713,404
Corporate

Royal Bank of Canada 4.632%

0.57 690,243
Corporate

Bank of Montreal 4.309%

0.53 647,007
Corporate

NTT Finance Corp 0.18%

0.53 646,141
Corporate

The Toronto-Dominion Bank 4.21%

0.53 645,793
Corporate

Electricite de France SA 6.125%

0.52 637,174
Corporate

NTT Finance Corp 0.38%

0.52 628,626
Corporate