PVI
Invesco VRDO Tax-Free Weekly ETFPVI Fund Description
PVI tracks a market-weighted index of variable rate demand obligations (VRDOs).
PVI Factset Analytics Insight
PVI is the larger, more liquid of the two VRDO funds in the segment. The fund holds a basket of just 30 floating rate municipal bonds whose interest rates are reset on a weekly basis. Although the bonds are typically issued with long-dated maturities of 20-30 years, the bonds can be redeemed on a weekly basis, giving them an effective duration and maturity of just one week. The fund’s underlying index is slightly different than our benchmark, reaching down the credit spectrum to hold bonds rated AA. This extra credit risk is compensated for with additional yield. PVI charges 5 bps more than its lone competitor, but the extra liquidity it offers and consistent tracking performance are enough to lower PVI’s total all-in cost. On March 24, 2021, this fund is expected to change its underlying index to ICE US Municipal AMT-Free VRDO Constrained Index, under a new fund name: Invesco VRDO Tax-Free ETF.
PVI Charts And Performance
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PVI Summary Data
PVI Portfolio Data
PVI Index Data
PVI Portfolio Management
PVI Tax Exposures
PVI Fund Structure
PVI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PVI. PVI is rated a N/A out of 5.
PVI Tradability
PVI Sector/Industry Breakdown
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PVI Top 10 Holdings[View All]
PVI Top 5 Countries
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PVI Top 5 Currencies
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PVI Performance Statistics
PVI Holdings Statistics
PVI Avg Life Maturity Distribution
PVI OAS Breakdown
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