Invesco Emerging Markets Sovereign Debt ETF
Invesco Emerging Markets Sovereign Debt ETF (AMEX: PCY) is an exchange-traded fund listed on NYSE Arca, trading at $19.88 (about ₹1,910 a unit) as of 30 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5% and holds 102 securities. Indian residents can buy PCY through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$19.88
Today's high
$20.11
52 week low
$19.88
52 week high
$22.18
PCY opened at $20.06, closed previously at $20.05, and has traded between $19.88 and $22.18 over the past 52 weeks.
About
Invesco Exchange-Traded Fund Trust II - Invesco Emerging Markets Sovereign Debt ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund invests in the fixed income markets of global emerging region. It invests in US dollar denominated government bonds with a remaining maturity of at least three years. The fund seeks to track the performance of the DBIQ Emerging Market USD Liquid Balanced Index, by using representative sampling technique. Invesco Exchange-Traded Fund Trust II - Invesco Emerging Markets Sovereign Debt ETF was formed on October 11, 2007 and is domiciled in the United States.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$1.2B
Holdings
102
NAV
$20.10
Avg. volume
—
1-year price change
-7.79%
5-year price change
-25.46%
Price change excludes dividends.
Top 10 holdings
PCY holds 102 securities in total. These 10 are 12.3% of the fund.
Where the money is invested
Countries
How to buy PCY from India
Indian residents can buy PCY units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PCY and buy
Find the fund by its ticker, PCY, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PCY from India
Trading and taxes when buying PCY from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PCY price today?
Invesco Emerging Markets Sovereign Debt ETF (PCY) last traded at $19.88 on NYSE Arca, as of 30 Sep 2026, 4:00 PM ET. That is ₹1,910 a unit at the 29 Sep 2026 USD/INR rate.
When does PCY trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PCY, and what does it cost to hold?
Invesco Emerging Markets Sovereign Debt ETF manages about $1.2B. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2007.
What are PCY's largest holdings?
The top three are USD Pending Dividends (1.7%), Republic of Poland Government International Bond 4.88% 02/12/2030 (1.5%) and Pakistan Government International Bond 7.38% 04/08/2031 (1.5%). PCY's 10 largest positions make up 12.3% of the fund.
Does PCY pay dividends?
Yes. PCY is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on PCY taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of PCY?
Yes. You can buy PCY by amount rather than by whole unit, and there is no minimum trade size.
How has PCY performed?
PCY's price is down 7.8% over the past year and down 25.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.