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Invesco Variable Rate Preferred ETF

$23.78Last updated
-$0.04 (0.17%)Past day
Timezone

Invesco Variable Rate Preferred ETF (AMEX: VRP) is an exchange-traded fund listed on NYSE Arca, trading at $23.78 (about ₹2,281 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.5% and holds 365 securities. Indian residents can buy VRP through Paasa under the RBI's Liberalised Remittance Scheme.

Quote

Open:$23.88
Previous close:$23.82
Volume:662.98K

Today's low

$23.74

Today's high

$23.96

52 week low

$23.71

52 week high

$24.85

VRP opened at $23.88, closed previously at $23.82, and has traded between $23.71 and $24.85 over the past 52 weeks.

About

The Invesco Variable Rate Preferred ETF (the Fund) aims to mirror the performance of the ICE Variable Rate Preferred & Hybrid Securities Index. At least 90% of the Fund's assets are strategically allocated to U.S. dollar-denominated, floating and variable rate preferred stocks, as well as specific hybrid debt instruments. These securities, issued by U.S. corporations, encompass both investment-grade and below-investment-grade credit quality. The Index itself is designed to track similar U.S. dollar preferred stocks and hybrid securities, as deemed comparable by the Index Provider, issued in the U.S. market. Instead of replicating the entire Index, the Fund employs a "sampling" approach to fulfill its investment objective. Both the Fund and the underlying Index undergo monthly rebalancing. As of August 31, 2025, Morningstar Inc. awarded the Fund an exceptional 5-star overall rating (among 66 funds), a distinction it also held for its 3-year (out of 66 funds), 5-year (out of 58 funds), and 10-year (out of 38 funds) performance periods. These ratings are determined by a risk-adjusted return methodology, which prioritizes consistent performance and places greater emphasis on mitigating downside volatility. For comparative purposes, open-end mutual funds and exchange-traded funds are grouped together, with a minimum three-year operational history required for rating eligibility. The overall rating is a weighted average of the applicable three-, five-, and ten-year metrics, factoring in fees and expenses but excluding sales charges. Morningstar's system allocates 5 stars to the top 10% of funds in a category, 4 stars to the next 22.5%, 3 stars to the subsequent 35%, 2 stars to the following 22.5%, and 1 star to the bottom 10%. Ratings are subject to monthly adjustments. It is important to note that if historical fee waivers or expense reimbursements had not occurred, the Morningstar rating might have been lower, and ratings for other share classes could differ due to distinct performance characteristics. Morningstar's content is proprietary and strictly prohibited from being copied or distributed; its accuracy, completeness, or timeliness is not guaranteed, nor is Morningstar liable for any damages arising from its use. Investors should be aware that past performance is not a guarantee of future outcomes.

Issuer
Invesco
Exchange listed on
AMEX
Asset class
Fixed Income
Base currency
USD
Domicile
United States
Dividends
Distributing
Launched
2014
ISIN
US46138G8704

Key statistics

Expense ratio

0.5%

Assets (AUM)

$3.0B

Holdings

365

NAV

$23.81

Avg. volume

—

1-year price change

-3.72%

5-year price change

-9.55%

Price change excludes dividends.

Top 10 holdings

1. Invesco Government & Agency Portfolio
1.5%
2. USD Pending Dividends
1.1%
3. Bank of America Corp 6.63% 12/31/2099
1.0%
4. JPMorgan Chase & Co 6.50% 12/31/2079
1.0%
5. JPMorgan Chase & Co 6.10% 12/31/2099
1.0%
6. Citigroup Inc 6.88% 12/31/2079
0.9%
7. JPMorgan Chase & Co 6.88% 12/31/2099
0.9%
8. Citigroup Inc 6.63% 12/31/2079
0.9%
9. Bank of America Corp 6.25% 12/31/2099
0.9%
10. BP Capital Markets PLC 4.88% 12/31/2049
0.8%

VRP holds 365 securities in total. These 10 are 10.0% of the fund.

Where the money is invested

Sectors

Financial Services
9.0%
Real Estate
2.3%
Consumer Defensive
0.3%
Utilities
0.3%
Energy
0.1%
Industrials
0.1%

Countries

United States
84.2%
Canada
9.5%
United Kingdom
3.0%
Other
2.1%
Ireland
0.4%
Netherlands
0.3%

Similar funds

This is not an investment recommendation

How to buy VRP from India

Indian residents can buy VRP 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.

  1. 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.

  2. 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.

  3. Search VRP and buy

    Find the fund by its ticker, VRP, 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 VRP from India

Trading and taxes when buying VRP 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 VRP price today?

Invesco Variable Rate Preferred ETF (VRP) last traded at $23.78 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹2,281 a unit at the 25 Sep 2026 USD/INR rate.

When does VRP 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 VRP, and what does it cost to hold?

Invesco Variable Rate Preferred ETF manages about $3.0B. Its expense ratio is 0.5% a year, deducted inside the fund. It launched in 2014.

What are VRP's largest holdings?

The top three are Invesco Government & Agency Portfolio (1.5%), USD Pending Dividends (1.1%) and Bank of America Corp 6.63% 12/31/2099 (1.0%). VRP's 10 largest positions make up 10.0% of the fund.

Does VRP pay dividends?

Yes. VRP 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 VRP 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 VRP?

Yes. You can buy VRP by amount rather than by whole unit, and there is no minimum trade size.

How has VRP performed?

VRP's price is down 3.7% over the past year and down 9.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.