Invesco Floating Rate Municipal Income ETF (PVI): ETF
ETF traded on ARCX under symbol PVI. Quoted in usd.
Invesco Floating Rate Municipal Income ETF
The Invesco Floating Rate Municipal Income ETF (PVI) aims to replicate the performance of the ICE US Municipal AMT-Free VRDO Constrained Index. This Fund typically allocates a minimum of 80% of its total assets to U.S. dollar-denominated, tax-exempt variable rate demand obligations (VRDOs). The benchmark Index itself monitors tax-free VRDOs publicly issued by U.S. states, territories, and their various political subdivisions, all of which feature interest rates that are adjusted daily, weekly, or monthly. Rather than acquiring every constituent security of the Index, the Fund utilizes a "sampling" strategy to fulfill its investment objective. Both the Fund and its tracking Index undergo rebalancing at the conclusion of the final calendar day of each month. It's noteworthy that, effective after the close of markets on August 25, 2023, the Fund's name was updated from Invesco VRDO Tax-Free ETF to Invesco Floating Rate Municipal Income ETF, without any other modifications to the Fund's structure or operations. For more comprehensive details, please refer to the prospectus.
Largest holdings
- New York City Municipal Water Finance Authority 2.25% 06/15/20463.82%
- New York City Housing Development Corp 2.30% 10/15/20413.33%
- State of Texas 2.30% 06/01/20461.97%
- Florida Keys Aqueduct Authority 2.25% 09/01/20351.94%
- New York City Transitional Finance Authority Future Tax Secured Revenue 2.20% 11/01/20361.94%
- Illinois Finance Authority 2.20% 11/01/20381.86%
- City of New York NY 2.20% 06/01/20441.81%
- Metropolitan Transportation Authority 2.25% 11/01/20321.67%
- Connecticut Housing Finance Authority 2.28% 11/15/20481.39%
- City of Houston TX Combined Utility System Revenue 2.28% 05/15/20341.39%
30d
15.17K
60d
11.33K
90d
9.29K