PVIInvesco Floating Rate Municipal Income ETF
Tracks the ICE US Municipal AMT-Free VRDO Constrained Index.
By Invesco · Launched 2007
Annual Cost
0.25%
#1,139 of 5,854 · low cost
Fund Size
$34M
#4,042 of 5,854 · small
Dividend YieldGoal
2.13%
Track Record
18 years
#539 of 5,854 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,207+2.1%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
ICE US Municipal AMT-Free VRDO Constrained Index
What it actually holds
By weightConcentration
Top 10 holdings = 33.6% of fund✓ well diversified
New York (City of), NY Municipal Water Finance Authority
4.4%
Orlando (City of), FL Utilities Commission
3.9%
New York City Housing Development Corp.
3.9%
New York (State of) Dormitory Authority (Rockefeller University)
3.9%
Texas (State of)
3.3%
Florida Keys Aqueduct Authority
3.2%
New York (City of), NY
3.2%
District of Columbia (Tranche 3)
3.0%
Emmaus (Borough of), PA General Authority
2.6%
Connecticut (State of) Housing Finance Authority
2.3%
Asset allocation
Bonds
100.0%
Cash
0.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.7%Low
Year-on-year price swings
Max drawdown
-1.2%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.43Below average
Sortino (3Y)
-0.60Moderate downside risk
Bond profile
Duration
2.8 years
Avg maturity
10.0 years
Credit ratings
AAA
3.9%
AA
69.4%
A
26.8%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the ICE US Municipal AMT-Free VRDO Constrained Index.
- Strategy
- Invests at least 80% of total assets in tax-exempt variable rate demand obligations (VRDOs) publicly issued by U.S. states and territories. Uses a sampling methodology to replicate the Underlying Index's performance, which includes securities with interest rates that reset daily, weekly, or monthly.
- Inception date
- November 15, 2007
- Fund family
- Invesco
Similar funds
Same asset class, closest by strategy & exposureWhat's next?
You've looked at PVI. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-03