VRP Invesco Variable Rate Preferred ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 24.13 | Day Range | 24.12 – 24.14 |
| 52-Week Range | 23.71 – 24.93 | Volume | 392.15K |
| Avg Volume | 729.58K | AUM | $3.02B (Aug 27, 2026) |
| Expense Ratio | 0.50% | Yield (TTM) | 6.11% |
| NAV | 24.17 | Premium/Discount | -0.12% indicative |
| Inception | May 01, 2014 | Holdings | 362 |
| Issuer | Invesco | Exchange | AMEX |
| Category | Bonds | Index Tracked | Not stated in source data |
| CUSIP | 46138G870 | ISIN | US46138G8704 |
| Management | Not stated in source data | ||
About this ETF
The Invesco Variable Rate Preferred ETF (the Fund) aims to mirror the performance of the ICE Variable Rate Preferred & Hybrid Securities Index. At least 90% of the Fund's assets are strategically allocated to U.S. dollar-denominated, floating and variable rate preferred stocks, as well as specific hybrid debt instruments. These securities, issued by U.S. corporations, encompass both investment-grade and below-investment-grade credit quality. The Index itself is designed to track similar U.S. dollar preferred stocks and hybrid securities, as deemed comparable by the Index Provider, issued in the U.S. market. Instead of replicating the entire Index, the Fund employs a "sampling" approach to fulfill its investment objective. Both the Fund and the underlying Index undergo monthly rebalancing. As of August 31, 2025, Morningstar Inc. awarded the Fund an exceptional 5-star overall rating (among 66 funds), a distinction it also held for its 3-year (out of 66 funds), 5-year (out of 58 funds), and 10-year (out of 38 funds) performance periods. These ratings are determined by a risk-adjusted return methodology, which prioritizes consistent performance and places greater emphasis on mitigating downside volatility. For comparative purposes, open-end mutual funds and exchange-traded funds are grouped together, with a minimum three-year operational history required for rating eligibility. The overall rating is a weighted average of the applicable three-, five-, and ten-year metrics, factoring in fees and expenses but excluding sales charges. Morningstar's system allocates 5 stars to the top 10% of funds in a category, 4 stars to the next 22.5%, 3 stars to the subsequent 35%, 2 stars to the following 22.5%, and 1 star to the bottom 10%. Ratings are subject to monthly adjustments. It is important to note that if historical fee waivers or expense reimbursements had not occurred, the Morningstar rating might have been lower, and ratings for other share classes could differ due to distinct performance characteristics. Morningstar's content is proprietary and strictly prohibited from being copied or distributed; its accuracy, completeness, or timeliness is not guaranteed, nor is Morningstar liable for any damages arising from its use. Investors should be aware that past performance is not a guarantee of future outcomes.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.17% | -0.82% | -1.67% | -0.82% | -1.79% | +2.45% | -1.74% | -0.60% | -0.27% |
| Total return | -0.17% | -0.08% | +0.21% | +1.94% | +3.92% | +8.69% | +4.04% | +4.77% | +5.04% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.50% | Annual cost of a $10,000 investment | $50.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 25, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 365 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | USD Pending Dividends | — | 1.23% | 0 | $37.2M |
| 2 | Invesco Government & Agency Portfolio | AGPXX | 1.22% | 36.92M | $36.9M |
| 3 | Bank of America Corp 6.63% 12/31/2099 | — | 1.05% | 30.91M | $31.7M |
| 4 | JPMorgan Chase & Co 6.50% 12/31/2079 | — | 1.04% | 30.98M | $31.5M |
| 5 | JPMorgan Chase & Co 6.10% 12/31/2099 | — | 1.03% | 31.30M | $31.1M |
| 6 | Citigroup Inc 6.88% 12/31/2079 | — | 0.93% | 27.81M | $28.2M |
| 7 | JPMorgan Chase & Co 6.88% 12/31/2099 | — | 0.89% | 26.00M | $26.9M |
| 8 | Bank of America Corp 6.25% 12/31/2099 | — | 0.86% | 26.07M | $26.1M |
| 9 | Citigroup Inc 6.63% 12/31/2079 | — | 0.86% | 25.78M | $26.1M |
| 10 | Goldman Sachs Group Inc/The 6.50% 12/31/2079 | — | 0.86% | 26.05M | $25.9M |
| 11 | BP Capital Markets PLC 4.88% 12/31/2049 | — | 0.83% | 25.77M | $25.2M |
| 12 | Citigroup Capital XIII 10.47% 10/30/2040 | C-PN | 0.81% | 924.89K | $24.4M |
| 13 | Goldman Sachs Group Inc/The 7.50% 12/31/2079 | — | 0.80% | 23.43M | $24.3M |
| 14 | CVS Health Corp 7.00% 03/10/2055 | — | 0.80% | 23.42M | $24.1M |
| 15 | Bank of America Corp 5.88% 12/31/2079 | — | 0.79% | 23.74M | $23.9M |
| 16 | Wells Fargo & Co 6.13% 12/31/2079 | — | 0.76% | 23.17M | $23.0M |
| 17 | Charles Schwab Corp/The 4.00% 12/31/2079 | — | 0.72% | 23.32M | $21.7M |
| 18 | Vodafone Group PLC 7.00% 04/04/2079 | — | 0.71% | 20.95M | $21.6M |
| 19 | Wells Fargo & Co 6.85% 12/31/2079 | — | 0.70% | 20.60M | $21.2M |
| 20 | Citigroup Inc 6.95% 12/31/2079 | — | 0.69% | 20.74M | $21.0M |
| 21 | Bank of America Corp 6.13% 12/31/2079 | — | 0.69% | 20.62M | $20.7M |
| 22 | Goldman Sachs Group Inc/The 6.13% 12/31/2079 | — | 0.68% | 20.60M | $20.4M |
| 23 | Verizon Communications Inc 6.05% 05/14/2058 | — | 0.66% | 20.60M | $20.1M |
| 24 | Goldman Sachs Group Inc/The 6.85% 12/31/2079 | — | 0.66% | 19.57M | $20.0M |
| 25 | Verizon Communications Inc 6.20% 05/14/2056 | — | 0.66% | 20.60M | $19.9M |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 6.11% | Paid (last 12 months) | $1.4732 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 24, 2026 | Last payment | $0.0895 (Aug 28, 2026) |
| Growth 1Y | +4.97% | Growth 3Y / 5Y (ann.) | +3.68% / +5.83% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Aug 24, 2026 | Aug 24, 2026 | Aug 28, 2026 | $0.0895 |
| Jul 20, 2026 | Jul 20, 2026 | Jul 24, 2026 | $0.0899 |
| Jun 22, 2026 | Jun 22, 2026 | Jun 26, 2026 | $0.0900 |
| May 18, 2026 | May 18, 2026 | May 22, 2026 | $0.0900 |
| Apr 20, 2026 | Apr 20, 2026 | Apr 24, 2026 | $0.0913 |
| Mar 23, 2026 | Mar 23, 2026 | Mar 27, 2026 | $0.1018 |
| Feb 23, 2026 | Feb 23, 2026 | Feb 27, 2026 | $0.1019 |
| Jan 20, 2026 | Jan 20, 2026 | Jan 23, 2026 | $0.1019 |
| Dec 22, 2025 | Dec 22, 2025 | Dec 26, 2025 | $0.2103 |
| Nov 24, 2025 | Nov 24, 2025 | Nov 28, 2025 | $0.2003 |
| Oct 20, 2025 | Oct 20, 2025 | Oct 24, 2025 | $0.1925 |
| Sep 22, 2025 | Sep 22, 2025 | Sep 26, 2025 | $0.1137 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.94% / 4.32% | Sharpe 1Y / 3Y | 0.088 / 1.19 |
| Max drawdown 1Y / 3Y | -2.91% / -4.27% | Sortino 1Y | 0.126 |
| Beta vs S&P 500 (3Y) | 0.159 | Correlation vs S&P 500 (1Y) | 0.574 |
| Downside deviation 1Y | 2.06% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 392.15K | Average volume | 729.58K |
| AUM | $3.02B | Premium/Discount | -0.12% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$9.3M | -0.31% | $3.02B → $3.01B |
| 1 Week | -$6.6M | -0.22% | $3.02B → $3.01B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for VRP
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.