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 MSCI ESG Analytics Insight

Invesco Variable Rate Preferred ETF has an MSCI ESG Fund Rating of AA based on a score of 7.14 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 84th percentile within its peer group and in the 91st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
VRP Charts And Performance
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VRP Summary Data
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 MSCI ESG Ratings
