Invesco Variable Rate Preferred Shares UCITS ETF
Invesco Variable Rate Preferred Shares UCITS ETF (LSE: VPAC) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $58.69 (about ₹5,638 a unit) as of 29 Sep 2026, 12:15 PM ET. It has an expense ratio of 0.5%. Indian residents can buy VPAC through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$58.69
Today's high
$58.69
52 week low
$57.77
52 week high
$59.81
VPAC opened at $58.69, closed previously at $58.68, and has traded between $57.77 and $59.81 over the past 52 weeks.
About
The Invesco Variable Rate Preferred Shares UCITS ETF Acc aims to mirror the net total return performance of its benchmark, the ICE Diversified Variable Rates Preferred & Hybrid Securities Index (referred to as the "Reference Index"), after accounting for all applicable fees. This Reference Index is constructed from US-dollar-denominated preferred securities and certain "hybrid securities" that function similarly to preferred stock. All included securities feature variable or floating interest rates and are issued within the US domestic market. The index constituents are weighted based on their market capitalization. To maintain diversification, no single issuer can account for more than 10% of the index, and the collective weight of issuers individually exceeding 4.5% is capped at 40%. The Fund endeavors to achieve its goal by physically replicating the Reference Index; it acquires and holds, as completely and practically as possible, all the securities found in the index at their respective weightings. Both the Reference Index and, by extension, the Fund are subject to monthly rebalancing and reconstitution. This ETF employs a passive management approach. Therefore, an investment in this fund signifies the purchase of units in a passively managed, index-tracking vehicle, rather than direct ownership of the underlying assets held within the fund.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$24.7M
Holdings
—
NAV
$58.82
Avg. volume
—
1-year price change
+1.33%
5-year price change
+16.21%
Price change excludes dividends.
Top 10 holdings
These 10 are 10.7% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy VPAC from India
Indian residents can buy VPAC 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 VPAC and buy
Find the fund by its ticker, VPAC, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in VPAC from India
Trading and taxes when buying VPAC from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- 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.
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the VPAC price today?
Invesco Variable Rate Preferred Shares UCITS ETF (VPAC) last traded at $58.69 on the London Stock Exchange ETF segment, as of 29 Sep 2026, 12:15 PM ET. That is ₹5,638 a unit at the 29 Sep 2026 USD/INR rate.
When does VPAC trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is VPAC, and what does it cost to hold?
Invesco Variable Rate Preferred Shares UCITS ETF manages about $24.7M. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2018.
Is VPAC a UCITS ETF?
Yes. Invesco Variable Rate Preferred Shares UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in US dollars.
What are VPAC's largest holdings?
The top three are Cash and/or Derivatives (2.1%), Bank of America Corp VAR 01/08/75 (1.1%) and JPMorgan Chase & Co VAR 01/04/75 (1.1%). VPAC's 10 largest positions make up 10.7% of the fund.
Is VPAC subject to US estate tax?
No. Because VPAC is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are gains on VPAC taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
How has VPAC performed?
VPAC's price is up 1.3% over the past year and up 16.2% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is VPAC different from a US-listed ETF?
VPAC is domiciled in Ireland rather than the US, which keeps it outside US estate tax. Capital gains on both are taxed the same way in India.