Invesco International Corporate Bond ETF(AMEX:PICB)

PICB is an option for investors strictly interested in investment-grade corporate debt from ex-US developed markets. The fund specifically targets corporate bonds from the Group of 10 (G10) countries, denominated in local currencies. Each bond must have a maturity of one year or greater. Since the fund is weighted by market value, investors will have exposure to currency risks associated with G10 members such as the euro, British pound, Canadian dollar, etc. Exposure to a single currency is capped at 50%. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced monthly and reconstituted annually.