Invesco Preferred ETF

PGX

市值 US$36.2億

I am increasing exposure to preferred securities, as recent rate spikes create a compelling risk/reward setup. The Invesco Preferred ETF now offers close to an historically attractive 7% yield, and its spread to high-yield bonds is at the upper end of its range, signaling relative value. Technical indicators, such as extreme RSI readings in both interest rates and PGX, suggest a contrarian opportunity for income-focused investors.

Preferred stock ETFs sit in an awkward corner of the income market: too rate-sensitive to feel like true fixed income, too subordinated to trade like common equity.

These funds offer better transparency and tax efficiency than other income options.

VANCOUVER, British Columbia, June 18, 2026 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) announces that the Company has entered into a definitive purchase agreement (the “Purchase Agreement”) with Kenorland Exploration Ltd. (“Kenorland” or the “Purchaser”), pursuant to which the Company has agreed to sell to Kenorland its 100% interest in the Golden Sidewalk and Skinner properties (the “Properties”) located approximately 60 km east of Red Lake, Ontario (the “Transaction”).

PGX has an asymmetric return profile. Moves to the upside are capped, whereas it participates fully in selloffs. While the preferred shares that PGX owns are structurally senior to common equity, debt instruments that rank above it which have defaulted have a median recovery rate of 9%. In times of market stress, PGX has sold off as much if not more than the S&P 500.

The Income Quintet - BDCs, Midstream Energy, REITs, Preferred Stocks, and Covered Call ETFs - offers a balanced approach to maximizing yield and income safety. I prioritize quality over raw yield, focusing on internally managed BDCs, disciplined midstream operators, select REITs, and actively managed preferred ETFs for sustainable income. BDCs with internal management, like MAIN, command significant NAV premiums, reflecting superior alignment and lower capital costs compared to externally managed peers.

Creating passive income streams can take many forms. Investors can choose from a plethora of stocks, bonds, alternative assets (such as real estate) and other less-traditional options (including crypto, etc.

PGX offers diversified exposure to preferred securities, with 80% in fixed-rate instruments and a moderate risk profile focused on the financial sector. The fund's average credit rating is BBB, and it delivers a 10-year NAV return of 2.99% with a 0.5% management fee. Invesco Preferred ETF's holdings are sensitive to interest rate changes, as rising rates typically pressure fixed-rate preferred prices downward.

Exchange-traded funds (ETFs) are must-haves if you're currently in retirement and you're looking for income.

PGX invests primarily in fixed-rate preferred securities and bonds, offering diversified exposure with an average credit rating of BBB and a 0.5% management fee. A significant portion of the portfolio trades below par, providing decent current yields. The fund's 10-year NAV return is modest at 2.77%, but current yields and discounted prices suggest improved future returns for income-focused investors.