About Invesco Exchange-Traded Fund Trust II - Invesco Emerging Markets Sovereign Debt ETF (PCY)

The Invesco Exchange-Traded Fund Trust II - Invesco Emerging Markets Sovereign Debt ETF (PCY) is an exchange-traded fund that seeks to track the performance of the DB Emerging Market USD Liquid Balanced Index. The fund invests primarily in US dollar-denominated sovereign debt from emerging market countries. It provides investors with exposure to a diversified basket of emerging market debt securities, offering potential for income and capital appreciation. PCY aims to replicate the price and yield performance of the index by investing in a portfolio of bonds that closely matches the characteristics of the index. The fund is passively managed and seeks to provide investors with returns that closely correspond to the index.

With a focus on emerging market sovereign debt, PCY offers investors an opportunity to access higher yields than those available in developed markets. Emerging market debt can provide attractive investment opportunities due to the potential for higher interest rates and economic growth in these countries. However, investing in emerging markets also carries higher risks, including political instability, currency fluctuations, and default risk. PCY provides investors with a convenient and cost-effective way to gain exposure to this asset class without having to invest directly in individual bonds. The fund has a diverse portfolio of bonds from various emerging market countries, which helps to spread the risk across different issuers and currencies.