Invesco Variable Rate Investment Grade ETF
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.9%
1 yr return
8.0%
3 Yr Avg Return
3.6%
5 Yr Avg Return
3.1%
Net Assets
$865 M
Holdings in Top 10
31.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VRIG - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 3.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.77%
- Dividend Yield 6.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco Variable Rate Investment Grade ETF
-
Fund Family NameINVESCOETF
-
Inception DateSep 22, 2016
-
Shares Outstanding27600001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Norris
Fund Description
VRIG - Performance
Return Ranking - Trailing
Period | VRIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -0.5% | 2.9% | 5.53% |
1 Yr | 8.0% | 0.0% | 14.5% | 5.09% |
3 Yr | 3.6%* | -1.8% | 5.7% | 2.91% |
5 Yr | 3.1%* | -0.8% | 4.3% | 3.74% |
10 Yr | N/A* | -4.5% | 27.5% | 32.52% |
* Annualized
Return Ranking - Calendar
Period | VRIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.1% | -2.3% | 4.3% | 52.53% |
2022 | -1.4% | -6.5% | 0.5% | 34.76% |
2021 | 0.3% | -2.1% | 0.3% | 0.49% |
2020 | 0.1% | -3.1% | 1.8% | 57.95% |
2019 | 1.3% | -1.2% | 6.1% | 7.61% |
Total Return Ranking - Trailing
Period | VRIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -0.5% | 2.9% | 5.53% |
1 Yr | 8.0% | 0.0% | 14.5% | 5.09% |
3 Yr | 3.6%* | -1.8% | 5.7% | 2.91% |
5 Yr | 3.1%* | -0.8% | 4.3% | 3.74% |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VRIG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | 0.8% | 12.1% | 8.29% |
2022 | 1.0% | -5.1% | 2.5% | 13.33% |
2021 | 1.1% | -2.1% | 14.5% | 8.82% |
2020 | 1.8% | -1.0% | 3.6% | 42.56% |
2019 | 4.6% | 0.3% | 9.6% | 4.35% |
VRIG - Holdings
Concentration Analysis
VRIG | Category Low | Category High | VRIG % Rank | |
---|---|---|---|---|
Net Assets | 865 M | 25.4 K | 22.5 B | 48.87% |
Number of Holdings | 251 | 2 | 1304 | 50.68% |
Net Assets in Top 10 | 240 M | 32.5 K | 18.4 B | 45.70% |
Weighting of Top 10 | 31.79% | 6.0% | 168.1% | 26.24% |
Top 10 Holdings
- U.S. Treasury Floating Rate Notes 24.38%
- Invesco Private Prime Fund 1.74%
- GA Global Funding Trust 0.77%
- Charles Schwab Corp. (The) 0.76%
- CenterPoint Energy, Inc. 0.75%
- Freddie Mac, Series 2021-DNA6, Class M2 0.73%
- Invesco Private Government Fund 0.68%
- BPCE S.A. 0.66%
- Athene Global Funding 0.66%
- Fannie Mae Connecticut Avenue Securities, Series 2023-R01, Class 1M1 0.65%
Asset Allocation
Weighting | Return Low | Return High | VRIG % Rank | |
---|---|---|---|---|
Bonds | 93.05% | 0.00% | 122.45% | 25.34% |
Other | 6.47% | -29.59% | 99.92% | 56.11% |
Convertible Bonds | 5.70% | 0.00% | 15.25% | 24.55% |
Cash | 2.89% | 0.00% | 109.89% | 66.06% |
Stocks | 0.00% | 0.00% | 97.29% | 85.97% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 83.26% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VRIG % Rank | |
---|---|---|---|---|
Corporate | 45.21% | 0.00% | 99.91% | 38.64% |
Securitized | 32.49% | 0.00% | 100.00% | 40.91% |
Government | 18.30% | 0.00% | 100.00% | 18.18% |
Cash & Equivalents | 2.89% | 0.00% | 109.89% | 62.44% |
Municipal | 0.06% | 0.00% | 70.39% | 36.36% |
Derivative | 0.00% | -29.59% | 30.99% | 61.09% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VRIG % Rank | |
---|---|---|---|---|
US | 93.05% | 0.00% | 122.45% | 24.89% |
Non US | 0.00% | 0.00% | 22.24% | 87.33% |
VRIG - Expenses
Operational Fees
VRIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.02% | 28.11% | 79.91% |
Management Fee | 0.30% | 0.00% | 1.19% | 70.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
VRIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
VRIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
VRIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 369.54% | 73.95% |
VRIG - Distributions
Dividend Yield Analysis
VRIG | Category Low | Category High | VRIG % Rank | |
---|---|---|---|---|
Dividend Yield | 6.19% | 0.00% | 7.89% | 2.71% |
Dividend Distribution Analysis
VRIG | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
VRIG | Category Low | Category High | VRIG % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.77% | -1.30% | 14.86% | 24.41% |
Capital Gain Distribution Analysis
VRIG | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 22, 2024 | $0.130 | OrdinaryDividend |
Feb 23, 2024 | $0.129 | OrdinaryDividend |
Jan 26, 2024 | $0.131 | OrdinaryDividend |
Dec 22, 2023 | $0.152 | OrdinaryDividend |
Nov 24, 2023 | $0.127 | OrdinaryDividend |
Oct 27, 2023 | $0.131 | OrdinaryDividend |
Sep 22, 2023 | $0.133 | OrdinaryDividend |
Aug 25, 2023 | $0.130 | OrdinaryDividend |
Jul 28, 2023 | $0.128 | OrdinaryDividend |
Jun 23, 2023 | $0.123 | OrdinaryDividend |
May 26, 2023 | $0.122 | OrdinaryDividend |
Apr 28, 2023 | $0.120 | OrdinaryDividend |
Mar 24, 2023 | $0.112 | OrdinaryDividend |
Feb 24, 2023 | $0.110 | OrdinaryDividend |
Jan 27, 2023 | $0.102 | OrdinaryDividend |
Dec 23, 2022 | $0.123 | OrdinaryDividend |
Nov 25, 2022 | $0.091 | OrdinaryDividend |
Oct 28, 2022 | $0.091 | OrdinaryDividend |
Sep 23, 2022 | $0.071 | OrdinaryDividend |
Aug 26, 2022 | $0.056 | OrdinaryDividend |
Jul 22, 2022 | $0.042 | OrdinaryDividend |
Jun 30, 2022 | $0.031 | OrdinaryDividend |
May 31, 2022 | $0.024 | OrdinaryDividend |
Apr 29, 2022 | $0.020 | OrdinaryDividend |
Mar 31, 2022 | $0.014 | OrdinaryDividend |
Feb 28, 2022 | $0.013 | OrdinaryDividend |
Jan 31, 2022 | $0.014 | OrdinaryDividend |
Dec 31, 2021 | $0.014 | OrdinaryDividend |
Nov 30, 2021 | $0.015 | OrdinaryDividend |
Oct 29, 2021 | $0.015 | OrdinaryDividend |
Sep 30, 2021 | $0.015 | OrdinaryDividend |
Aug 31, 2021 | $0.014 | OrdinaryDividend |
Jul 30, 2021 | $0.015 | OrdinaryDividend |
Jun 30, 2021 | $0.016 | OrdinaryDividend |
May 28, 2021 | $0.018 | OrdinaryDividend |
Apr 30, 2021 | $0.017 | OrdinaryDividend |
Mar 31, 2021 | $0.017 | OrdinaryDividend |
Feb 26, 2021 | $0.019 | OrdinaryDividend |
Jan 29, 2021 | $0.019 | OrdinaryDividend |
Dec 31, 2020 | $0.018 | OrdinaryDividend |
Nov 30, 2020 | $0.019 | OrdinaryDividend |
Oct 30, 2020 | $0.014 | OrdinaryDividend |
Sep 30, 2020 | $0.016 | OrdinaryDividend |
Aug 31, 2020 | $0.018 | OrdinaryDividend |
Jul 31, 2020 | $0.024 | OrdinaryDividend |
Jun 30, 2020 | $0.028 | OrdinaryDividend |
May 29, 2020 | $0.040 | OrdinaryDividend |
Apr 30, 2020 | $0.052 | OrdinaryDividend |
Mar 31, 2020 | $0.053 | OrdinaryDividend |
Feb 28, 2020 | $0.053 | OrdinaryDividend |
Jan 31, 2020 | $0.054 | OrdinaryDividend |
Dec 31, 2019 | $0.064 | OrdinaryDividend |
Nov 29, 2019 | $0.055 | OrdinaryDividend |
Oct 31, 2019 | $0.059 | OrdinaryDividend |
Sep 30, 2019 | $0.063 | OrdinaryDividend |
Aug 30, 2019 | $0.064 | OrdinaryDividend |
Jul 31, 2019 | $0.064 | OrdinaryDividend |
Jun 28, 2019 | $0.067 | OrdinaryDividend |
May 31, 2019 | $0.070 | OrdinaryDividend |
Apr 30, 2019 | $0.069 | OrdinaryDividend |
Mar 29, 2019 | $0.069 | OrdinaryDividend |
Feb 28, 2019 | $0.069 | OrdinaryDividend |
Jan 31, 2019 | $0.069 | OrdinaryDividend |
Dec 31, 2018 | $0.070 | OrdinaryDividend |
Nov 30, 2018 | $0.065 | OrdinaryDividend |
Oct 31, 2018 | $0.064 | OrdinaryDividend |
Sep 28, 2018 | $0.062 | OrdinaryDividend |
Aug 31, 2018 | $0.062 | OrdinaryDividend |
Jul 31, 2018 | $0.062 | OrdinaryDividend |
Jun 29, 2018 | $0.060 | OrdinaryDividend |
May 31, 2018 | $0.058 | OrdinaryDividend |
Apr 30, 2018 | $0.056 | OrdinaryDividend |
Mar 29, 2018 | $0.053 | OrdinaryDividend |
Feb 28, 2018 | $0.050 | OrdinaryDividend |
Jan 31, 2018 | $0.049 | OrdinaryDividend |
Dec 29, 2017 | $0.055 | OrdinaryDividend |
Nov 30, 2017 | $0.048 | OrdinaryDividend |
Oct 31, 2017 | $0.046 | OrdinaryDividend |
Sep 29, 2017 | $0.047 | OrdinaryDividend |
Aug 31, 2017 | $0.047 | OrdinaryDividend |
Jul 31, 2017 | $0.046 | OrdinaryDividend |
Jun 30, 2017 | $0.047 | OrdinaryDividend |
May 31, 2017 | $0.051 | OrdinaryDividend |
Apr 28, 2017 | $0.052 | OrdinaryDividend |
Mar 31, 2017 | $0.049 | OrdinaryDividend |
Feb 28, 2017 | $0.048 | OrdinaryDividend |
Jan 31, 2017 | $0.048 | OrdinaryDividend |
Dec 30, 2016 | $0.052 | OrdinaryDividend |
Nov 30, 2016 | $0.042 | OrdinaryDividend |
Oct 31, 2016 | $0.055 | OrdinaryDividend |
VRIG - Fund Manager Analysis
Managers
Brian Norris
Start Date
Tenure
Tenure Rank
Sep 20, 2016
5.7
5.7%
Brian Norris is a Senior Portfolio Manager on the Structured Securities team. He is responsible for providing advice and trading for the mortgage-related products and working collectively with the Structured Securities team to implement strategies throughout the fixed income platform. Additionally, Mr. Norris is a mortgage-backed securities trader and director for Invesco Mortgage Capital, Inc., a mortgage REIT sub-advised by Invesco Fixed Income. Mr. Norris has been in the industry since 1999. He began his investment career with Todd Investment Advisors in Louisville, Kentucky, as a securities trader. Mr. Norris joined Invesco in 2001 and served for five years as an account manager. In that role, he was responsible for communicating the fixed income investment process and strategy to both clients and consultants. Mr. Norris became a portfolio manager in 2006 and was named senior portfolio manager in 2014. Mr. Norris earned a BS degree in business administration with a concentration in finance from the University of Louisville. He holds the Chartered Financial Analyst designation.
Peter Hubbard
Start Date
Tenure
Tenure Rank
Sep 20, 2016
5.7
5.7%
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.
Ken Purnell
Start Date
Tenure
Tenure Rank
Sep 20, 2016
5.7
5.7%
Ken Purnell is Head of Asset-Backed Portfolio Management for Invesco Fixed Income's Structured Securities department. In addition to leading this team, he is a Senior Portfolio Manager for stable value and other structured fixed income-oriented funds, and a Trader for asset-backed securities. Mr. Purnell entered the financial industry in 1985 and joined Invesco in 2011. Before being promoted to his current role in November 2015, he was a portfolio manager and a senior portfolio manager for asset-backed securities. Prior to joining Invesco, he was an ABS asset specialist at Aegon USA Investment Management. Before moving to the buy side in 2007 with Aegon, Mr. Purnell managed institutional account relationships in IG corporate and structured fixed Income trading with JP Morgan, BNP Paribas and Deutsche Bank Securities. Mr. Purnell earned his BBA from the University of Kentucky in 1984 and his MBA from Fordham University in 1990. He is a Chartered Financial Analyst (CFA).
Philip Armstrong
Start Date
Tenure
Tenure Rank
Sep 20, 2016
5.7
5.7%
Philip Armstrong, Portfolio Manager of Invesco Advisers, Inc., has been associated with the firm and/or its affiliates since 2015. Prior to 2015, Mr. Armstrong was an associate at BlackRock from 2010 to 2015.
Mario Clemente
Start Date
Tenure
Tenure Rank
Feb 24, 2017
5.27
5.3%
Mario Clemente is a Portfolio Manager. He has been associated with the Invesco Advisers, Inc. and/or its affiliates since 2014.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 0.13 |