Invesco Variable Rate Preferred ETFInvesco Variable Rate Preferred ETFInvesco Variable Rate Preferred ETF

Invesco Variable Rate Preferred ETF

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Key stats

Assets under management (AUM)
‪1.75 B‬USD
Fund flows (1Y)
‪132.19 M‬USD
Dividend yield (indicated)
6.12%
Discount/Premium to NAV
−0.02%

About Invesco Variable Rate Preferred ETF

Issuer
Invesco Ltd.
Brand
Invesco
Expense ratio
0.50%
Home page
Inception date
May 1, 2014
Index tracked
ICE BofA Variable Rate Preferred & Hybrid Securities
Management style
Passive
VRP holds a portfolio of USD denominated floating- and variable-rate preferred stocks or hybrid securities with similar characteristics. Floating-rate preferreds link dividends to a reference benchmark rate plus a fixed spread. Variable rate preferreds have a fixed dividend initially for a period of time, but later will turn into a floating-rate structure. VRP is the first of its kind: an ETF that combines exposure to both types. The self-adjusting nature of the dividends mitigates duration risk, so VRP can be a viable addition to an income portfolio to position for rising rates. VRP may invest in investment grade and non-investment grade securities. Rebalancing is done monthly. Prior to June 30, 2021, the fund tracked the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index.

Classification

Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Floating rate
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Corporate
Stocks64.22%
Finance58.88%
Utilities2.03%
Industrial Services1.07%
Communications0.95%
Commercial Services0.42%
Transportation0.28%
Distribution Services0.25%
Government0.19%
Electronic Technology0.15%
Bonds, Cash & Other35.78%
Corporate34.58%
Structured0.69%
Mutual fund0.50%
Cash0.01%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy