Invesco Canadian Government Floating Rate Index ETF

TSX TICKER : PFL
 

Fund overview

PFL invests in Canadian government investment-grade floating rate notes in order to replicate the FTSE Canada Government Floating Rate Note Index. The index is comprised of Canadian floating rate notes rated A or higher. The index is divided into three maturity buckets with staggered maturity levels from one to three years.

Fund details

description of elementelement value
Inception date July 2014
CAD Total net assets ($CAD)
As at 2026-06-30
$258.8 million
NAVPS
As at 2026-07-21
$19.4951
Market price
As at 2026-07-21
$19.4900
MER (%)
As at 2025-12-31
0.13
Management fee (%) 0.12
Asset class Canadian Fixed Income
Currency CAD
CUSIP 46140U107
Distribution frequency Monthly
Last distribution $0.0390
Average Duration (ex-CDX) 0.03
Yield to Maturity % 2.53
Average Credit Rating AAA

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • Want current income
  • Prefer an ETF that provides an income stream that is linked to interest rate changes
  • Are looking to gain exposure to a short-term Canadian floating rate note portfolio
  • Own, or plan to own, other types of investments to diversify their holdings
  • Are comfortable with low risk

Performance2 As at 2026-06-30

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
1.20% 0.21% 0.60% 1.20% 2.65% 3.73% 3.13% 2.15% 1.91%
*Since inception date

Distribution history3

Ex-Date Total
2026-06-29 0.0390
2026-05-28 0.0390
2026-04-29 0.0388
2026-03-30 0.0389
2026-02-26 0.0390
Ex-Date Total
2026-01-29 0.0388
2025-12-30 0.0534
2025-11-27 0.0418
2025-10-30 0.0436
2025-09-29 0.0472

RATING SUMMARY (%)

AAA 77.50
AA 22.50
Average Credit Rating AAA

FUND CHARACTERISTICS

Average Coupon % 2.65
Average Duration (ex-CDX) 0.03
Current Yield % 2.64
Years to Maturity 2.46
Yield to Maturity % 2.53
Issuer Federal % 77.50
Issuer Government Related % 22.50
Average price 100.08

Management team

First we'll display the Team Company and then the Team members
CI Global Asset Management ETF

Invesco Canadian Government Floating Rate Index ETF

TSX TICKER : PFL
 
Portfolio allocations4 As at 2026-06-30
Asset allocation (%)
  • Canadian Government Bonds 100.00
Sector allocation (%)
  • Fixed Income 99.99
Geographic allocation(%)
  • Canada 100.00
Top holdings6
Sector (%)
1. Canada Housing Trust No 1 4.78% 15-Mar-2027 Fixed Income 16.72%
2. Canada Housing Trust No 1 4.81% 15-Sep-2026 Fixed Income 16.70%
3. Canada Housing Trust No 1 3.10% 15-Mar-2028 Fixed Income 16.43%
4. Canada Housing Trust No 1 3.07% 15-Sep-2027 Fixed Income 16.42%
5. Ontario Province 3.12% 27-Nov-2028 Fixed Income 11.29%
6. Canada Housing Trust No 1 3.03% 15-Mar-2029 Fixed Income 11.23%
7. Canada Housing Trust No 1 3.02% 15-Sep-2028 Fixed Income 11.21%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.