PVIInvesco Floating Rate Municipal Income ETF

Get income18y track recordRanked #758 of 1,622 in this goal

Seeks to track the investment results of the ICE US Municipal AMT-Free VRDO Constrained Index.

By Invesco · Launched 2007

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$30M

#4,066 of 5,562 · small

Dividend YieldGoal

2.15%

Track Record

18 years

#549 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,228+2.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE US Municipal AMT-Free VRDO Constrained Index

What it actually holds

By weight

Concentration

Top 10 holdings = 33.9% of fund✓ well diversified

New York (City of), NY Municipal Water Finance Authority

4.4%

New York (State of) Dormitory Authority (Rockefeller University)

3.9%

Orlando (City of), FL Utilities Commission

3.9%

New York City Housing Development Corp.

3.9%

Texas (State of)

3.6%

New York (City of), NY

3.2%

Florida Keys Aqueduct Authority

3.2%

District of Columbia (Tranche 3)

3.0%

Emmaus (Borough of), PA General Authority

2.6%

New York (City of), NY Transitional Finance Authority

2.3%

Asset allocation

Bonds

99.7%

Cash

0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-1.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.40Below average

Sortino (3Y)

-0.56Moderate downside risk

Bond profile

Duration

2.0 years

Avg maturity

10.0 years

Credit ratings

AAA

2.0%

60.7%

37.4%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the investment results of the ICE US Municipal AMT-Free VRDO Constrained Index.
Strategy: Invests primarily in components of the ICE US Municipal AMT-Free VRDO Constrained Index, which tracks U.S. dollar denominated tax-exempt variable rate demand obligations (VRDOs) with interest rates that reset daily, weekly, or monthly. Excludes securities subject to U.S. AMT.
Inception date: November 15, 2007
Fund family: Invesco