VRP ETF Report: Ratings, Analysis, Quotes, Holdings

Popular VRP Comparisons: VRP vs AGG, VRP vs BND, VRP vs LQD, VRP vs VCIT, VRP vs VCSH

Related ETF Channels: U.S., Floating Rate, Fixed Income, Bond, North America, Vanilla

Find more ETFs with our ETF Screener and Database

*Unless otherwise stated, data provided by FactSet.

VRP 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 MSCI ESG Analytics Insight

Invesco Variable Rate Preferred ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.72 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco Variable Rate Preferred ETF ranks in the 28th percentile within its peer group and in the 6th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

VRP Charts And Performance

Price Chart ($)

Total Return Chart (%)

1 Month
3 Months
YTD
1 Year
3 Years
5 Years
Max

1 Month
3 Months
YTD
1 Year
3 Years
5 Years
Max

Compare

Reset

Select ETFs to compare their performance:

PERFORMANCE [as of 09/30/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

VRP -1.60% 5.83% -1.55% 1.29% 3.01% 5.33% --

VRP (NAV) -1.11% 5.68% -1.33% 1.50% 3.02% 5.42% --

Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index -- -- -- -- -- -- --

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VRP Summary Data

Invesco

05/01/14

Open-Ended Fund

0.50%

$1.44B

$5.96M

0.12%

N/A

Fund Home Page

VRP Portfolio Data

N/A

251

VRP Index Data

Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index

Market Value

Committee

N/A

VRP Portfolio Management

0.50%

Max. Downside Tracking Difference (12 Mo) --

VRP Tax Exposures

20.00% / 39.60%

Ordinary income

VRP Fund Structure

Open-Ended Fund

Yes

100% / 0%

N/A

Low

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

VRP Factset Analytics Block Liquidity

As of 10/01/20

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

241,288

$5.96M

205,949

$5.04M

0.12%

$0.03

-0.12%

1.24% / -25.20%

None

0.00%

100,000

2.06

0.00%

11,019.32%

$24.60

VRP Top 10 Holdings[View All]

EQUITY OTHER 3.33%

General Electric Co Non-Cum Perp Pfd Shs Series D 2.21%

CORPORATE BOND 2.17%

JPMorgan Chase & Co Depositary Shs Repr 1/10 Fix/Fltg Non-Cum Red Perp Pfd Shs Ser -HH- 1.45%

JPMorgan Chase & Co Depositary Shs Repr 1/10th Non Cum Pfd Shs Series I 1.37%

BP Capital Markets Plc 4.875% PERP 1.32%

GMAC Capital Trust I Trust Pfd Secs 2011-15.2.40 Gtd Series 2 Fltg Rt 1.31%

BP Capital Markets Plc 4.375% PERP 1.28%

Wachovia Capital Trust III Income Tr Secs 2006-Without fixed maturity Fltg Rt 1.24%

Bank of America Corp Depositary Shs Repr 1/25th Non-Cum Perp Red Pfd Registered Shs Series -FF- 1.22%

Total Top 10 Weighting 16.9%

VRP Performance Statistics

VRP MSCI ESG Ratings

4.72 / 10

5.80

28.16

4.68%

0.37%

171.53

VRP Holdings Statistics

Effective Duration --

Credit Spread Duration --

Concentration --

Number of Holdings 251

Option Adjusted Spread --

VRP Avg Life Maturity Distribution

0 - 1 years --

1 - 2 years --

2 - 3 years --

3 - 5 years --

5 - 7 years --

7 - 10 years --

10 - 15 years --

15 - 20 years --

> 20 years --

VRP OAS Breakdown

0 - 100 bps --

100 - 200 bps --

200 - 300 bps --

300 - 400 bps --

400 - 500 bps --

500 - 600 bps --

600 - 700 bps --

700 - 800 bps --

800 - 900 bps --

900 - 1000 bps --

> 1000 bps --

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

MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

VRP