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PCY ETF · Invesco Emerging Markets Sovereign Debt ETF
The PCY Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: DBIQ Emerging Markets USD Liquid Balanced Index. The PCY ETF provides physical exposure, so by buying it you actually own parts of all the 100 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofEM Government Bonds1M perf.+2.81%
Last price
$21.50
1M perf.
+4.40%
1M flows
-€44M
AuM
€1.17B
E/R
0.5%
Rating
ESG Consensus®
PCY
$21.50
Performance & flows
Segment for quartile rank
January 27, 2026 → April 27, 2026
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PCY
$21.58
+1.14%
EM Government Bonds
+0.19%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +4.40%  | +1.14% | +15.75% | +37.55% | +7.72%  | +3.95% | +3.95% | +1.13%  | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/27/2026
$21.58
1D NAV change
-0.05%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
100
Inception date
10/11/2007
Jurisdiction
United States
Distribution
Netherlands (Qualified Investor)
Finland (Qualified Investor)
United Kingdom (Qualified Investor)
Sweden (Qualified Investor)
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
DBIQ Emerging Markets USD Liquid Balanced Index
Asset class
Factors
N/A
Investment strategy
The Invesco Emerging Markets Sovereign Debt ETF is based on the DBIQ Emerging Market USD Liquid Balanced Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets US dollar-denominated government bonds issued by more than 20 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology. The Fund and the Index are rebalanced and reconstituted quarterly.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.14% | +15.75% | +37.55% | +7.72% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
3.96%
Angola
3.02%
Mongolia
2.97%
China
2.95%
Uzbekistan
2.94%
Panama
2.94%
Nigeria
2.93%
Serbia
2.93%
Unavailable
5.92%
Other
69.44%
Sectors
Sovereign
87.31%
Municipal
2.82%
Unavailable
9.87%
Diversification
Total weight of top 15 holdings out of 100
Top 15 holdings
Data as of March 31, 2026
Poland, 4.875% 12feb2030, USD
Mongolia, 4.45% 7jul2031, USD
XS3190721525
XS3190721871
Mongolia, 6.625% 25feb2030, USD
Pakistan, 7.375% 8apr2031, USD
Pakistan, 8.875% 8apr2051, USD
Angola, 8.75% 14apr2032, USD
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Trinidad and Tobago, 5.95% 14jan2031, USD
Angola, 9.125% 26nov2049, USD (2)
Trinidad and Tobago, 6.4% 26jun2034, USD
USP93960AL92
Jordan, 5.85% 7jul2030, USD
XS3093658014
XS3218674136
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of February 27, 2026
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about PCY ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
PCY’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
37.59% of holdings have positive scoring
62.40% of holdings have negative scoring
6.48%
24.80%
6.31%
9.09%
39.88%
13.43%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of March 31, 2026
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PCY
N/A
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Invesco
Invesco ID Card
Number of funds
633
Total AuM
€910.42B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €369.96B |
RSP | Invesco S&P 500® Equal Weight ETF | €74.24B |
QQQM | Invesco NASDAQ 100 ETF | €70.04B |
SPXS | Invesco S&P 500 UCITS ETF | €32.18B |
SGLD | Invesco Physical Gold USD ETC | €25.71B |
Frequently asked questions about PCY
What does Invesco Emerging Markets Sovereign Debt ETF, PCY, invest in?
PCY is a Passive ETF. This ETF provides exposure to Emerging markets Mixed Ratings Government Bonds.
Which benchmark or index does PCY replicate?
PCY tracks the DBIQ Emerging Markets USD Liquid Balanced Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of PCY?
PCY carries a total expense ratio (TER) of 0.5%, indicating the annual cost for holding the fund.
When was PCY launched?
PCY was introduced to the market on October 11, 2007. It trades on Netherlands (Qualified Investor), among other exchanges
Who is the ETF issuer of PCY?
Invesco Emerging Markets Sovereign Debt ETF, PCY, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of PCY?
PCY oversees €1.17B in assets as of April 27, 2026.
How has PCY performed lately?
Based on data from April 27, 2026, PCY returned 4.40% over the past month, 1.14% over the last three months and 1.13% year-to-date.
What are the latest inflows or outflows for PCY?
As of April 27, 2026, PCY recorded net flows of -€44M over the last month and +€59M year-to-date.
Does PCY distribute dividends?
PCY follows a distributing dividend policy, meaning it pays out income to investors. As of April 27, 2026, its 12-month trailing yield was 5.85%.
What are the main country or region exposures of PCY?
As of March 31, 2026, PCY has significant geographic allocations in USA, Angola and Mongolia.
In which sector or theme does PCY invest in?
As of March 31, 2026, PCY focuses largely on Sovereign and Municipal.
How many securities does PCY hold and how diversified is it?
As of March 31, 2026, PCY holds 100 positions in its portfolio, with 18.31% of assets concentrated in its top 15 holdings.
What are the main positions in PCY?
As of March 31, 2026, PCY top three holdings include Poland, 4.875% 12feb2030, USD, Mongolia, 4.45% 7jul2031, USD and XS3190721525.
What is the base currency of PCY?
The base currency of PCY is USD.
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