VRP

Invesco Variable Rate Preferred ETF
C

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*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 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
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COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 05/16/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VRP 0.79% 3.97% 11.25% 5.00% 5.74% 4.92% --
VRP (NAV) 0.44% 3.62% 9.97% 4.95% 5.71% 4.91% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VRP Top 10 Holdings [View All]

VRP Summary Data

Invesco
05/01/14
Open-Ended Fund
0.50%
$1.49B
$6.40M
0.07%

VRP Portfolio Data

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05/20/19
175

VRP Index Data

Market Value
Committee
N/A

VRP Portfolio Management

0.50%
-0.25%
0.14%
-1.16%

VRP Tax Exposures

20.00% / 39.60%
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Ordinary income
No

VRP Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

VRP Factset Analytics Block Liquidity

As of 05/17/19
5
4
3
2
1

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

259,560
$6.40M
175,882
$4.32M
0.07%
$0.02
-0.17%
0.38% / -2.08%
None
22.00%
100,000
1.76
0.02%
7,234.32%
75
$24.87
2

VRP Top 10 Holdings[View All]

3.07%
2.50%
1.96%
1.64%
1.45%
1.44%
1.43%
1.41%
1.31%
1.25%
17.46%

VRP Performance Statistics

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VRP HOLDINGS STATISTICS


VRP
Segment Benchmark
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175
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N/A

VRP MATURITY DISTRIBUTION


VRP
Segment Benchmark
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VRP CREDIT BREAKDOWN


VRP
Segment Benchmark
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