Invesco VRDO Tax-Free ETF (PVI)
- Expense ratio0.23%
- Net assets$36.0M
- Dividend yield2.22%
- 1-year return+2.28%
- Holdings10
PVI ETF price chart
PVI quote & trading statistics
PVI performance
Annual returns & drawdowns →- YTD+1.50%
- 1 year+2.28%
- 3 years+2.61%/yr
- 5 years+2.12%/yr
- 10 years+1.40%/yr
- 1Y volatility
- 0.17%
- 3Y volatility
- 0.14%
- 3Y Sharpe ratio
- -12.62
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
PVI top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | CALIFORNIA HEALTH FACS FING AUTH REV 2% | 3.53% | |
| 2 | EMMAUS PA GEN AUTH REV 2.43% | 3.53% | |
| 3 | GENEVA N Y INDL DEV AGY CIVIC FAC REV 2.53% | 3.53% | |
| 4 | ILLINOIS FIN AUTH REV 2.55% | 3.53% | |
| 5 | INDIANAPOLIS IND MULTIFAMILY HSG REV 2.45% | 3.53% | |
| 6 | MASSACHUSETTS DEPT TRANSN MET HWY SYS REV 2.5% | 3.53% | |
| 7 | NEW YORK N Y CITY HEALTH & HOSP CORP REV 2.31% | 3.53% | |
| 8 | NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 2.2% | 3.53% | |
| 9 | BUILD NYC RESOURCE CORP N Y REV 2.56% | 3.33% | |
| 10 | MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV 2.5% | 3.33% |
The top 10 holdings make up 34.9% of the fund (10 holdings in total). As of October 25, 2026.
PVI bond portfolio
Rate scenarios & peers →- Yield to maturity
- 2.58%
- Effective duration
- 0.12 yrs
- Average maturity
- 0.1 yrs
- Average coupon
- 1.72%
A one-percentage-point rise in interest rates would lower the price by about 0.1%.
About Invesco VRDO Tax-Free ETF
The fund generally invests at least 80% of its total assets in the components of the underlying index. The underlying index tracks the performance of U.S. dollar denominated tax-exempt variable rate demand obligations 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.
PVI ETF FAQ
What is the PVI expense ratio?
Invesco VRDO Tax-Free ETF has a net expense ratio of 0.23%, or $23.00 a year for every $10,000 invested.
How much money is in PVI?
Invesco VRDO Tax-Free ETF has about $36.0M in net assets.
What are the top holdings of PVI?
The largest positions in PVI are CALIFORNIA HEALTH FACS FING AUTH REV 2% (3.53%), EMMAUS PA GEN AUTH REV 2.43% (3.53%), GENEVA N Y INDL DEV AGY CIVIC FAC REV 2.53% (3.53%). The fund holds 10 securities in total.
How has PVI performed?
PVI returned +2.28% over the past year and +2.12% a year over the past five years, including reinvested distributions.
Does PVI pay dividends?
PVI has a dividend yield of 2.22% and pays distributions monthly.
When was PVI launched?
Invesco VRDO Tax-Free ETF began trading on November 15, 2007.