VRPInvesco Variable Rate Preferred ETF
VRP Fund Description
VRP tracks a market-value-weighted index of variable- and floating-rate preferred stocks.
VRP Factset Analytics Insight
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.
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 Sector/Industry Breakdown