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Trending ETFs

Name

As of 02/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.80

$41 M

2.83%

$0.70

0.25%

Vitals

YTD Return

0.5%

1 yr return

2.9%

3 Yr Avg Return

1.3%

5 Yr Avg Return

1.0%

Net Assets

$41 M

Holdings in Top 10

44.7%

52 WEEK LOW AND HIGH

$24.8
$24.74
$25.01

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 02/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.80

$41 M

2.83%

$0.70

0.25%

PVI - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.19%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Floating Rate Municipal Income ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Nov 15, 2007
  • Shares Outstanding
    2550000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (the “Index Provider”) compiles and calculates the Underlying Index, which is designed to track the performance of U.S. dollar denominated tax-exempt variable rate demand obligations (“VRDOs”) that are publicly issued by U.S. states and territories, and their political subdivisions, and that have interest rates that reset daily, weekly or monthly. Securities eligible for the Underlying Index must have at least one day remaining term to final maturity, at least $10 million amount outstanding, an investment grade rating (based on an average of ratings from Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”)). Securities whose interest is subject to the U.S. alternative minimum tax (“AMT”) are excluded from the Underlying Index.
As of October 31, 2023, the Underlying Index was comprised 974constituents with market capitalizations ranging from approximately $10 million to $300 million.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
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PVI - Performance

Return Ranking - Trailing

Period PVI Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.2% 8.0% 4.05%
1 Yr 2.9% -0.8% 37.6% 93.42%
3 Yr 1.3%* -10.3% 2.7% 1.91%
5 Yr 1.0%* -4.9% 1103.5% 58.69%
10 Yr 0.7%* -0.2% 248.2% 96.40%

* Annualized

Return Ranking - Calendar

Period PVI Return Category Return Low Category Return High Rank in Category (%)
2023 -0.6% -1.4% 41.0% 99.87%
2022 0.3% -40.2% 0.3% 0.07%
2021 -0.1% -5.6% 6.9% 30.92%
2020 -0.2% -2.6% 310.0% 96.63%
2019 0.0% 0.0% 26.0% 99.65%

Total Return Ranking - Trailing

Period PVI Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.2% 8.0% 4.05%
1 Yr 2.9% -0.8% 37.6% 93.42%
3 Yr 1.3%* -10.3% 2.7% 1.91%
5 Yr 1.0%* -4.9% 1103.5% 58.69%
10 Yr 0.7%* -0.2% 248.2% 96.40%

* Annualized

Total Return Ranking - Calendar

Period PVI Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -1.3% 41.0% 98.13%
2022 0.9% -40.2% 1.1% 0.52%
2021 -0.1% -4.8% 23761504.0% 88.95%
2020 0.2% -1.5% 17057.9% 99.06%
2019 1.1% 0.2% 3514.6% 99.38%

PVI - Holdings

Concentration Analysis

PVI Category Low Category High PVI % Rank
Net Assets 41 M 3.48 M 68.1 B 95.00%
Number of Holdings 29 2 12848 99.36%
Net Assets in Top 10 17.2 M -317 M 3.4 B 88.91%
Weighting of Top 10 44.75% 1.9% 100.4% 3.53%

Top 10 Holdings

  1. Chelan County Public Utility District No. 1, Series 2008 B, Ref. VRD RB 5.20%
  2. State of California, Series 2003, GO Bonds 5.20%
  3. Louisiana (State of) Offshore Terminal Authority Deepwater Port (Loop LLC), Series 2013 B, Ref. VRD RB 5.20%
  4. Raleigh Durham (Cities of), NC Airport Authority, Series 2008 C, Ref. VRD RB 5.20%
  5. San Mateo (City of), CA Joint Powers Financing Authority (Public Safety), Series 2007 A, VRD RB 4.68%
  6. Emmaus (Borough of), PA General Authority, Series 1996, VRD RB 4.16%
  7. Rochester (City of), MN (Mayo Clinic), Series 2008 B, VRD RB 3.90%
  8. Bay Area Toll Authority (San Francisco Bay Area), Series 2019 B, Ref. VRD RB 3.90%
  9. West Palm Beach (City of), FL, Series 2008 C, VRD RB 3.90%
  10. Texas (State of), Series 2015 B, VRD GO Bonds 3.41%

Asset Allocation

Weighting Return Low Return High PVI % Rank
Bonds
89.99% 0.00% 150.86% 95.90%
Cash
10.01% -50.86% 50.09% 1.92%
Stocks
0.00% 0.00% 99.88% 44.97%
Preferred Stocks
0.00% 0.00% 0.52% 37.69%
Other
0.00% -8.54% 33.35% 44.10%
Convertible Bonds
0.00% 0.00% 0.93% 37.64%

Bond Sector Breakdown

Weighting Return Low Return High PVI % Rank
Municipal
97.53% 44.39% 100.00% 61.07%
Derivative
0.00% -8.54% 24.50% 40.77%
Cash & Equivalents
0.00% 0.00% 48.02% 70.83%
Securitized
0.00% 0.00% 5.93% 37.58%
Corporate
0.00% 0.00% 9.41% 47.68%
Government
0.00% 0.00% 52.02% 42.34%

Bond Geographic Breakdown

Weighting Return Low Return High PVI % Rank
US
89.99% 0.00% 142.23% 94.36%
Non US
0.00% 0.00% 23.89% 43.33%

PVI - Expenses

Operational Fees

PVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.03% 20.65% 96.14%
Management Fee 0.25% 0.00% 1.20% 9.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PVI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 283.00% 0.14%

PVI - Distributions

Dividend Yield Analysis

PVI Category Low Category High PVI % Rank
Dividend Yield 2.83% 0.00% 4.63% 0.45%

Dividend Distribution Analysis

PVI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PVI Category Low Category High PVI % Rank
Net Income Ratio -0.19% -0.53% 5.33% 99.81%

Capital Gain Distribution Analysis

PVI Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PVI - Fund Manager Analysis

Managers

Peter Hubbard


Start Date

Tenure

Tenure Rank

Nov 15, 2007

14.55

14.6%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Philip Fang


Start Date

Tenure

Tenure Rank

Nov 15, 2007

14.55

14.6%

Philip Fang is Portfolio Manager of Invesco Capital Management LLC, has been responsible for certain Funds in the Trust since July 2010 and has been associated with Invesco Capital Management since 2007.

Gary Jones


Start Date

Tenure

Tenure Rank

Jan 31, 2012

10.34

10.3%

Gary Jones is a Portfolio Manager of Invesco PowerShares Capital Management LLC and has been one of the Portfolio Managers primarily responsible for the day-to-day management of the Funds since January 2012. Mr. Jones has been a Portfolio Manager of the Adviser since December 2010. Previously, he was a Portfolio Manager of Van Kampen Investments from 2007 to 2009.

Jeremy Neisewander


Start Date

Tenure

Tenure Rank

Dec 20, 2019

2.45

2.5%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58