London Stock Exchange ETF segment · UCITS ETF
Invest in PRAC ETF from India
Indian and foreign residents can buy Invesco Preferred Shares UCITS ETF (PRAC) units directly through Paasa.
By Paasa · Updated
PRAC at a glance
- Price
- $43.78-$0.04 (0.08%)
- Expense ratio
- 0.5%
- Day range
- $43.78 – $43.91
- Assets
- $178.2M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2018
- Dividends
- —
- 1 month
- -4.40%
- 6 months
- -4.90%
- YTD
- -6.14%
- 1 year
- -8.57%
- 5 years
- -13.45%
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%
- Industrials1.0%
Countries
- United States94.9%
- Bermuda3.0%
- Canada1.1%
- Netherlands0.7%
- Other0.3%
- 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 |
| PDSEXETRAInvesco Preferred Shares UCITS ETF EUR Hedged Dist | 0.55% | 156.3M |
Assets are shown in each fund's own reporting currency.
How to invest in PRAC 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.
Step 3
Search PRAC and buy
Find the fund by its ticker, PRAC, on the London Stock Exchange ETF segment, and place your order.
Why invest in PRAC from India
What PRAC holds
The Invesco Preferred Shares UCITS ETF Acc aims to mirror the net total return of the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, after accounting for its charges. This benchmark is composed of US-dollar-denominated, fixed-rate preferred securities originating from the United States domestic market.
Outside US estate tax
PRAC is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
PRAC is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
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 PRAC's UCITS structure matters for Indian investors
PRAC 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 PRAC from India?
Yes. Indian residents can buy Invesco Preferred Shares UCITS ETF (PRAC) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. 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 PRAC 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%. The fund is domiciled in Ireland.
What is the expense ratio of PRAC?
Invesco Preferred Shares UCITS ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $178.2M.
Is PRAC 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.
What tax do I pay in India when I sell PRAC?
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 USD/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.