Invesco Variable Rate Preferred ETF (VRP)
- Expense ratio0.48%
- Net assets$2.98B
- Dividend yield6.12%
- 1-year return+1.34%
- Holdings105
VRP ETF price chart
VRP quote & trading statistics
VRP performance
Annual returns & drawdowns →- YTD+0.88%
- 1 year+1.34%
- 3 years+8.91%/yr
- 5 years+3.71%/yr
- 10 years+4.72%/yr
- 1Y volatility
- 3.29%
- 3Y volatility
- 4.00%
- 3Y Sharpe ratio
- 0.88
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
VRP top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | AGPXX | Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional | 1.15% |
| 2 | C.PN | Citigroup Capital XIII TR PFD SECS | 0.79% |
| 3 | US060505FL38 | BAC 5.875 | 0.78% |
| 4 | US808513BJ38 | SCHW 4 | 0.71% |
| 5 | US06055HAB96 | BAC 6.125 | 0.69% |
| 6 | US89832QAD16 | TFC 4.8 | 0.61% |
| 7 | US95002YAA10 | WELLS FARGO 23/UND. FLR | 0.60% |
| 8 | US060505GB47 | BAC 4.375 | 0.59% |
| 9 | US38141GA385 | GOLDM.S.GRP 23/UND. FLR | 0.55% |
| 10 | US172967PE54 | CITIGROUP 23/UND.FLR | 0.54% |
The top 10 holdings make up 7.0% of the fund (105 holdings in total). As of October 25, 2026.
VRP bond portfolio
Rate scenarios & peers →- Yield to maturity
- 7.27%
- Effective duration
- 3.19 yrs
- Average coupon
- 6.46%
A one-percentage-point rise in interest rates would lower the price by about 3.2%.
About Invesco Variable Rate Preferred ETF
The fund will invest at least 90% of its total assets in the components of the index, as well as ADRs that represent securities in the index. The index provider compiles and calculates the index, a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities. It is non-diversified.
VRP ETF FAQ
What is the VRP expense ratio?
Invesco Variable Rate Preferred ETF has a net expense ratio of 0.48%, or $48.00 a year for every $10,000 invested.
How much money is in VRP?
Invesco Variable Rate Preferred ETF has about $2.98B in net assets.
What are the top holdings of VRP?
The largest positions in VRP are Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional (1.15%), Citigroup Capital XIII TR PFD SECS (0.79%), BAC 5.875 (0.78%). The fund holds 105 securities in total.
How has VRP performed?
VRP returned +1.34% over the past year and +3.71% a year over the past five years, including reinvested distributions.
Does VRP pay dividends?
VRP has a dividend yield of 6.12% and pays distributions monthly.
When was VRP launched?
Invesco Variable Rate Preferred ETF began trading on May 1, 2014.