VRP
Invesco Variable Rate Preferred ETFVRP Fund Description
VRP tracks a market-cap-weighted index of variable- and floating-rate preferred stocks selected by a proprietary process.
VRP Factset Analytics Insight
VRP holds a portfolio of 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 fix 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 nice addition to an income portfolio to position for rising rates. VRP is currently heavily dominated by preferred stocks issued by financial institutions rated between BBB and BB range. VRP has sufficient liquidity for most retail traders, with strong daily volume and small spreads. Due to its unique basket, however, underlying liquidity is poor. VRP charges an average fee compared to similar funds that hold preferred-stocks and, with its large asset base, it's not going anywhere.
VRP CHARTS AND PERFORMANCE
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
VRP Top 10 Holdings [View All]
VRP Portfolio Data
VRP Index Data
VRP Portfolio Management
VRP Tax Exposures
VRP Fund Structure
VRP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of VRP. VRP is rated a 2 out of 5.
VRP Tradability
VRP Top 10 Holdings[View All]
VRP Performance Statistics
VRP HOLDINGS STATISTICS
VRP
VRP MATURITY DISTRIBUTION
VRP
VRP CREDIT BREAKDOWN
VRP
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use