Symbols

PVI

Invesco Floating Rate Municipal Income ETF·NYSE

--(--)

Key Stats

Assets Under Management

31.02MUSD

Fund Flows (1Y)

3.73MUSD

Dividend Yield

2.23%

Discount/Premium to NAV

-0.15%

Shares Outstanding

1.25M

Expense Ratio

0.25%

About Invesco Floating Rate Municipal Income ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?productId=ETF-PVI

Inception Date

Nov 15, 2007

Structure

Open-Ended Fund

Index Tracked

ICE US Municipal AMT-Free VRDO Constrained 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.

PVI is a passively managed ETF that tracks an index that invests in variable rate demand obligations (VRDOs) issued by US municipalities that are exempt from federal taxes. Securities should be denominated in USD and have at least one day remaining term to final maturity. Although VRDOs are typically issued with long-dated maturities, such notes can pay short-term interest to investors. The fund selects investment-grade VRDOs with interest rates that reset daily, weekly, or monthly. The funds holdings are weighted by market value and rebalanced monthly. Prior to March 24, 2021, the fund was called Invesco VRDO Tax-Free Weekly ETF that tracked the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index. Prior to August 28, 2023, the ETF's name was Invesco VRDO Tax-Free ETF.