VRPInvesco Variable Rate Preferred ETF

Get income12y track recordRanked #299 of 1,622 in this goal

Seeks to track the investment results of the ICE Variable Rate Preferred & Hybrid Securities Index.

By Invesco · Launched 2014

Annual Cost

0.50%

#2,576 of 5,562 · average

Fund Size

$2.9B

#595 of 5,562 · large

Dividend YieldGoal

6.31%

Track Record

12 years

#1,181 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,308+3.1%

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 Variable Rate Preferred & Hybrid Securities Index

What it actually holds

By weight

Concentration

Top 10 holdings = 16.5% of fund✓ well diversified

Invesco Private Prime Fund

5.6%

Invesco Private Government Fund

2.2%

Wells Fargo & Co.

1.3%

Bank of America Corp.

1.2%

JPMorgan Chase & Co.

1.2%

Citigroup Inc.

1.1%

Citigroup Capital XIII

1.0%

JPMorgan Chase & Co.

1.0%

Bank of America Corp.

1.0%

BP Capital Markets PLC

1.0%

Asset allocation

Preferred

51.9%

Bonds

43.2%

Convertible

4.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.9%Low

Year-on-year price swings

Max drawdown

-46.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)

1.32Strong risk-adjusted returns

Sortino (3Y)

1.93Good downside protection

Bond profile

Duration

6.3 years

Avg maturity

10.1 years

Credit ratings

0.2%

1.9%

BBB

59.7%

34.0%

0.6%

Other

3.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the investment results of the ICE Variable Rate Preferred & Hybrid Securities Index.
Strategy: Invests primarily in components of the Underlying Index and ADRs representing those securities. The Underlying Index tracks floating and variable rate investment grade and below investment grade preferred stock and certain hybrid securities issued by U.S. corporations.
Inception date: May 1, 2014
Fund family: Invesco