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About Invesco Variable Rate Investment Grade ETF
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Inception date
Sep 22, 2016
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
VRIG has an active strategy, which is aimed at generating high current income. VRIG's manager uses proprietary models to tactically and strategically allocate across a wide array of USD-denominated investment-grade variable-rate instruments, such as agency- and non-agency-backed securities, agency credit risk transfers and debt securities, and floating-rate Treasury securities, etc. Variable-rate securities are less sensitive to changes in interest rates due to their periodic coupon adjustment feature. Despite the investment-grade claim in its name, the fund can hold up to 20% in non-investment-grade variable-rate securities and fixed-rate securities of all credit ratings.
Classification
What's in the fund
Exposure type
Corporate
Securitized
Government
Bonds, Cash & Other100.00%
Corporate39.37%
Securitized29.43%
Government27.08%
Miscellaneous3.93%
Mutual fund0.19%
Cash0.00%
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