All you need to get started with ETF selection and analysis. Create your account now →
Help us improve your experience. Please confirm your investor type:
Compare ETFs Easily
The Ultimate ETF Comparison Tool - Try Now!
Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.
PICB ETF · Invesco International Corporate Bond ETF
The PICB Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: S&P International Corporate Bond Index. The PICB ETF provides physical exposure, so by buying it you actually own parts of all the 572 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofIntl IG Bonds1M perf.-1.27%
Last price
$23.08
1M perf.
-4.59%
1M flows
+€34M
AuM
€298M
E/R
0.5%
Rating
ESG Consensus®
PICB
$23.08
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
Create a free account to view the flows graph
PICB
$23.13
-2.26%
Intl IG Bonds
+0.05%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -4.59%  | -2.26% | +7.52%  | +17.58% | -10.28% | -4.54% | -2.58% | -2.58% | |
| 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
3/13/2026
$23.13
1D NAV change
-0.96%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
572
Inception date
6/3/2010
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
Create a free account to view dividend distribution
Classification
Product type
Benchmark
S&P International Corporate Bond Index
Asset class
Factors
N/A
Investment strategy
The Invesco International Corporate Bond ETF (Fund) is based on the S&P International Corporate Bond Index® (Index). The Fund will normally invest at least 80% of its total assets in investment-grade corporate bonds that comprise the Index. The Index measures the performance of investment-grade corporate bonds issued in the following currencies of Group of Ten (G10) countries, excluding the US dollar (USD): Australian dollar (AUD), British pound (GBP), Canadian dollar (CAD), euro (EUR), Japanese yen (JPY), Swiss franc (SFR), New Zealand dollar (NZD), Norwegian krone (NOK) and Swedish krona (SEK). The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced monthly and reconstituted annually in September.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
Upload your own internal metrics
Custom data feature
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseAdvertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -2.26% | +7.52% | +17.58% | -10.28% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
France
22.95%
Canada
19.13%
United Kingdom
14.70%
Germany
10.17%
Italy
4.49%
Spain
4.19%
Netherlands
4.15%
Australia
3.66%
Unavailable
3.34%
Other
13.22%
Sectors
Banks
35.69%
Power
8.55%
Communication services
7.27%
Oil and gas extraction and refining
3.67%
Motor vehicle production
3.44%
Pharmaceutical preparation and biotechnology
2.83%
Sovereign
2.76%
Transportation support activities
2.56%
Unavailable
7.33%
Other
25.90%
Diversification
Total weight of top 15 holdings out of 572
Top 15 holdings
Data as of January 31, 2026
NTT Finance Corporation, 0.38% 20sep2030, JPY
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
Enel, 5.75% 14sep2040, GBP (43)
Royal Bank of Canada, 4.632% 1may2028, CAD
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
Bank of Montreal, 4.709% 7dec2027, CAD
Bank of Montreal, 4.309% 1jun2027, CAD
Bank of Montreal, 3.19% 1mar2028, CAD
Create a free account to view top holdings
CIBC, 4.95% 29jun2027, CAD
Bank of Nova Scotia, 4.68% 1feb2029, CAD
RWE AG, 6.125% 6jul2039, GBP
Bank of Montreal, 5.039% 29may2028, CAD
TransCanada PipeLines, 3.8% 5apr2027, CAD
Bank of Montreal, 4.537% 18dec2028, CAD
Royal Bank of Canada, 4.642% 17jan2028, CAD
Create a free account to view top holdings
Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about PICB 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.
PICB’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
69.69% of holdings have positive scoring
30.31% of holdings have negative scoring
7.15%
40.53%
22.01%
13.06%
12.15%
5.10%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
S&P International Corporate Bond Net Total Return Index - USD
Index ticker
SPBDICBN Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Invesco
Invesco ID Card
Number of funds
631
Total AuM
€846.61B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3562%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €334.28B |
RSP | Invesco S&P 500® Equal Weight ETF | €73.51B |
QQQM | Invesco NASDAQ 100 ETF | €60.56B |
SPXS | Invesco S&P 500 UCITS ETF | €30.51B |
SGLD | Invesco Physical Gold USD ETC | €28.5B |
Frequently asked questions about PICB
What does Invesco International Corporate Bond ETF, PICB, invest in?
PICB is a Passive ETF. This ETF provides exposure to Global Investment Grade Corporate Bonds.
Which benchmark or index does PICB replicate?
PICB tracks the S&P International Corporate Bond Net Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of PICB?
PICB carries a total expense ratio (TER) of 0.5%, indicating the annual cost for holding the fund.
When was PICB launched?
PICB was introduced to the market on June 3, 2010. It trades on United States
Who is the ETF issuer of PICB?
Invesco International Corporate Bond ETF, PICB, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of PICB?
PICB oversees €298M in assets as of March 13, 2026.
How has PICB performed lately?
Based on data from March 13, 2026, PICB returned -4.59% over the past month, -2.26% over the last three months and -2.58% year-to-date.
What are the latest inflows or outflows for PICB?
As of March 13, 2026, PICB recorded net flows of +€34M over the last month and +€73M year-to-date.
Does PICB distribute dividends?
PICB follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 3.34%.
What are the main country or region exposures of PICB?
As of January 31, 2026, PICB has significant geographic allocations in France, Canada and United Kingdom.
In which sector or theme does PICB invest in?
As of January 31, 2026, PICB focuses largely on Banks, Power and Communication services.
How many securities does PICB hold and how diversified is it?
As of January 31, 2026, PICB holds 572 positions in its portfolio, with 8.07% of assets concentrated in its top 15 holdings.
What are the main positions in PICB?
As of January 31, 2026, PICB top three holdings include NTT Finance Corporation, 0.38% 20sep2030, JPY, Toronto-Dominion Bank, 4.21% 1jun2027, CAD and Enel, 5.75% 14sep2040, GBP (43).
What is the base currency of PICB?
The base currency of PICB is USD.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
