VRP
·NYSE
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Key Stats
Assets Under Management
2.34BUSD
Fund Flows (1Y)
469.29MUSD
Dividend Yield
5.74%
Discount/Premium to NAV
0.08%
Shares Outstanding
95.70M
Expense Ratio
0.50%
About Invesco Variable Rate Preferred ETF
Issuer
Invesco Capital Management LLC
Brand
Invesco
Inception Date
May 1, 2014
Structure
Open-Ended Fund
Index Tracked
ICE Variable Rate Preferred & Hybrid Securities Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
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.
Classification
Asset Class
Fixed Income
Category
Corporate, Preferred
Focus
Broad Credit
Niche
Floating Rate
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Value
Selection Criteria
Market value
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.22% | -1.75% | +0.84% | -0.18% | +9.36% | -5.90% |
NAV Total Return | +0.25% | +0.85% | +6.65% | +6.69% | +30.15% | +25.30% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Utilities
100.00%
Utilities
100.00%
Asset
No data is currently available
Region
100%
Category
Ratio
North America
100.00%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
Wells Fargo & Co
1.32%
Bank of America Corp
1.18%
JPMorgan Chase & Co
1.18%
Citigroup Inc
1.04%
CpN
Citigroup Capital XIII Pref
1.02%
JPMorgan Chase & Co-1
0.99%
Bank of America Corp-1
0.96%
BP Capital Markets PLC
0.96%
CVS Health Corp
0.90%
Goldman Sachs Group Inc/The
0.90%
Top 10 Weight 10.45%
333 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-11-24 | 2025-11-24 | 2025-11-28 | 0.200 |
| 2025-10-20 | 2025-10-20 | 2025-10-24 | 0.193 |
| 2025-09-22 | 2025-09-22 | 2025-09-26 | 0.114 |
| 2025-08-18 | 2025-08-18 | 2025-08-22 | 0.110 |
| 2025-07-21 | 2025-07-21 | 2025-07-25 | 0.111 |
| 2025-06-23 | 2025-06-23 | 2025-06-27 | 0.109 |
| 2025-05-19 | 2025-05-19 | 2025-05-23 | 0.105 |
Show more
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
