PCYInvesco Emerging Markets Sovereign Debt ETF
PCY Fund Description
PCY tracks a tier-weighted index of US-dollar-denominated sovereign debt in emerging markets with at least 3 years to maturity.
PCY Factset Analytics Insight
PCY targets a USD-denominated emerging market sovereign debt with at least 3 years to maturity. Its underlying index imposes additional liquidity and relative value screens, setting it apart from other USD-denominated funds. It selects one to three securities from each eligible emerging market, maintaining geographic diversity but favoring those with longer maturities, effectively bearing additional interest rate risk for higher yield. Weights of all countries with two or more bonds included in the index have an equal weight, countries with one bond are allocated half this weight. In sum, PCY delivers alternative exposure USD-denominated with relative value screens in a broad package. The Fund and the index are rebalanced and reconstituted quarterly.
PCY MSCI ESG Analytics Insight
Invesco Emerging Markets Sovereign Debt ETF has an MSCI ESG Fund Rating of BB based on a score of 2.97 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco Emerging Markets Sovereign Debt ETF ranks in the 6th percentile within its peer group and in the 36th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PCY Summary Data
PCY Portfolio Data
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PCY Portfolio Management
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PCY Fund Structure
PCY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PCY. PCY is rated a N/A out of 5.