Key stats
About Invesco Variable Rate Preferred ETF
Home page
Inception date
May 1, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46138G8704
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.11%
Mutual fund1.27%
Structured0.61%
Cash0.01%
Stock breakdown by region
North America94.98%
Europe5.02%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
VRP last dividends amounted to 0.11 USD. The month before, the issuer paid 0.11 USD in dividends, which shows a 1.08% decrease.
VRP assets under management is 2.24 B USD. It's risen 3.02% over the last month.
VRP fund flows account for 441.39 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, VRP pays dividends to its holders with the dividend yield of 5.64%. The last dividend (Aug 22, 2025) amounted to 0.11 USD. The dividends are paid monthly.
VRP shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on May 1, 2014, and its management style is Passive.
VRP expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
VRP follows the ICE BofA Variable Rate Preferred & Hybrid Securities. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
VRP invests in bonds.
VRP price has risen by 1.32% over the last month, and its yearly performance shows a 1.22% increase. See more dynamics on VRP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.49% over the last month, showed a 3.48% increase in three-month performance and has increased by 7.89% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.49% over the last month, showed a 3.48% increase in three-month performance and has increased by 7.89% in a year.
VRP trades at a premium (0.29%) meaning the ETF is trading at a higher price than the calculated NAV.