Fund Description
The Invesco Variable Rate Preferred ETF (Fund) is based on the ICE Variable Rate Preferred & Hybrid Securities Index (Index). The Fund will generally invest at least 90% of its total assets in fixed rate preferred securities in the U.S. market by financial companies. The Index is designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar preferred stock, as well as certain types of hybrid securities that determined by the Index Provider, comparable to preferred stocks, that are issued by corporations in the U.S. market. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. Effective the close of markets on June 30, 2021, the Funds underlying index, index provider, objective and strategy changed. The underlying index changed from the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index to the ICE Variable Rate Preferred & Hybrid Securities Index; the index provider changed from Wells Fargo Securities, LLC to ICE Data Indices, LLC.
Fund Profile
Fund Name Invesco Variable Rate Preferred ETF
Fund Exchange Ticker VRP
Fund Sponsor Invesco
Fund ISIN US46138G8704
Net Expense Ratio 0.50 %
Fund Inception Date 1 May 2014
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Other Asset Types - Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name ICE Variable Rate Preferred & Hybrid Securities Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 27 November 2023
Asset Under Management 1427.24 Million (USD)
1 Month Total Return 3.08 %
Year To Date Return 0.04 %
1 Year Total Return 1.68 %
3 Year Annualized Total Return -1.27 %
NAV 22.4409
Share Outstanding 63,600,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting