Invesco Floating Rate Municipal Income ETF
Invesco Floating Rate Municipal ETF (AMEX: PVI) is an exchange-traded fund listed on NYSE Arca, trading at $24.85 (about ₹2,387 a unit) as of 29 Sep 2026, 2:06 PM ET. It has an expense ratio of 0.25% and holds 151 securities. Indian residents can buy PVI through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$24.85
Today's high
$24.86
52 week low
$24.65
52 week high
$24.97
PVI opened at $24.85, closed previously at $24.87, and has traded between $24.65 and $24.97 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
0.25%
Assets (AUM)
$31.0M
Holdings
151
NAV
$24.82
Avg. volume
—
1-year price change
+0.04%
5-year price change
-0.12%
Price change excludes dividends.
Top 10 holdings
PVI holds 151 securities in total. These 10 are 25.3% of the fund.
Where the money is invested
Countries
How to buy PVI from India
Indian residents can buy PVI units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PVI and buy
Find the fund by its ticker, PVI, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PVI from India
Trading and taxes when buying PVI from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PVI price today?
Invesco Floating Rate Municipal ETF (PVI) last traded at $24.85 on NYSE Arca, as of 29 Sep 2026, 2:06 PM ET. That is ₹2,387 a unit at the 28 Sep 2026 USD/INR rate.
When does PVI trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PVI, and what does it cost to hold?
Invesco Floating Rate Municipal ETF manages about $31.0M. Its expense ratio is 0.25% a year, deducted inside the fund. It launched in 2007.
What are PVI's largest holdings?
The top three are New York City Municipal Water Finance Authority 3.45% 06/15/2046 (4.4%), New York City Housing Development Corp 3.30% 10/15/2041 (3.9%) and State of Texas 3.40% 06/01/2046 (2.9%). PVI's 10 largest positions make up 25.3% of the fund.
Does PVI pay dividends?
Yes. PVI is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on PVI taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of PVI?
Yes. You can buy PVI by amount rather than by whole unit, and there is no minimum trade size.
How has PVI performed?
PVI's price is up 0.0% over the past year and down 0.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.