XETRA · UCITS ETF
Invest in PDSE ETF from India
Indian and foreign residents can buy Invesco Preferred Shares UCITS ETF (PDSE) units directly through Paasa.
By Paasa · Updated
PDSE at a glance
- Price
- €11.50-€0.02 (0.20%)
- Expense ratio
- 0.55%
- Day range
- €11.47 – €11.48
- Assets
- €156.3M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -6.14%
- 6 months
- -8.75%
- YTD
- -11.42%
- 1 year
- -15.34%
- 5 years
- -40.33%
Price change, excluding dividends.
Top 10 holdings
- 1JPMORGAN CHASE & CO USD 25.0000 PFD1.7%
- 2JPMORGAN CHASE & CO USD 25.0000 PFD1.5%
- 3WELLS FARGO & COMPANY USD 25.0000 PFD1.4%
- 4JPMORGAN CHASE & CO USD 25.0000 PFD1.3%
- 5JPMORGAN CHASE & CO USD 25.0000 PFD1.3%
- 6BANK OF AMERICA CORP USD 25.0000 PFD1.3%
- 7AT&T INC USD 25.0000 PFD1.2%
- 8BANK OF AMERICA CORP USD 25.0000 PFD1.1%
- 9JPMORGAN CHASE & CO USD 25.0000 PFD1.0%
- 10AT&T INC USD 25.0000 PFD1.0%
These 10 are 13.0% of the fund.
Where the money is invested
Sectors
- Financial Services69.0%
- Utilities9.3%
- Real Estate5.8%
- Communication Services5.7%
- Consumer Cyclical2.2%
- Industrials1.1%
Countries
- United States94.8%
- Bermuda3.0%
- Canada1.1%
- Netherlands0.7%
- Other0.4%
- Puerto Rico0.1%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| PGXAMEXInvesco Preferred ETF | 0.5% | 3.7B |
| PRFDLSEInvesco Preferred Shares UCITS ETF | 0.5% | 178.2M |
| PRACLSEInvesco Preferred Shares UCITS ETF | 0.5% | 178.2M |
Assets are shown in each fund's own reporting currency.
How to invest in PDSE from India
Step 1
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.
Step 2
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, and Interactive Brokers converts the dollars to EUR when you buy.
Step 3
Search PDSE and buy
Find the fund by its ticker, PDSE, on XETRA, and place your order.
Why invest in PDSE from India
What PDSE holds
The Invesco Preferred Shares UCITS ETF EUR Hdg Dist seeks to deliver the net total return performance of the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index (the “Reference Index”), after deducting all applicable charges.
Outside US estate tax
PDSE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why PDSE's UCITS structure matters for Indian investors
PDSE is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy PDSE from India?
Yes. Indian residents can buy Invesco Preferred Shares UCITS ETF (PDSE) through Paasa. It is listed on XETRA and trades in EUR. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does PDSE invest in?
Its largest holdings are JPMORGAN CHASE & CO USD 25.0000 PFD (1.7%), JPMORGAN CHASE & CO USD 25.0000 PFD (1.5%) and WELLS FARGO & COMPANY USD 25.0000 PFD (1.4%). Financial Services is its largest sector at 69.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of PDSE?
Invesco Preferred Shares UCITS ETF has an expense ratio of 0.55% a year, taken from the fund's assets rather than billed to you. The fund manages about €156.3M.
Is PDSE a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco Preferred Shares UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are PDSE dividends taxed in India?
Invesco Preferred Shares UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell PDSE?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the EUR/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.