VRP

Invesco Variable Rate Preferred ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 06/23/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VRP -1.30% -7.32% -12.22% -11.44% 0.81% 1.50% --
VRP (NAV) -1.56% -7.33% -12.17% -11.42% 0.73% 1.53% --
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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%
$1.82B
$12.81M
0.06%

VRP Portfolio Data

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N/A
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VRP Index Data

ICE Variable Rate Preferred & Hybrid Securities Index
Market Value
Market Value
N/A

VRP Portfolio Management

0.50%
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VRP Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

VRP Fund Structure

Open-Ended Fund
No
Yes
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N/A
N/A
Low
Daily

VRP Factset Analytics Block Liquidity

As of 06/24/22
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

556,269
$12.81M
536,431
$12.24M
0.06%
$0.02
0.11%
0.52% / -1.30%
None
13.00%
100,000
5.36
0.02%
1,730.40%
3
$22.18
2

VRP Sector/Industry Breakdown


VRP
Segment Benchmark
79.13%
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6.74%
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6.41%
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2.26%
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1.75%
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0.92%
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0.68%
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0.59%
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0.51%
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0.43%
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VRP Top 10 Holdings[View All]

2.26%
1.34%
1.27%
1.15%
1.13%
1.10%
1.08%
1.04%
1.02%
0.92%
12.32%

VRP Performance Statistics

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VRP Holdings Statistics

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VRP Avg Life Maturity Distribution

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VRP OAS Breakdown

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