Invesco Variable Rate Preferred Shares UCITS ETF
Invesco Variable Rate Preferred Shares UCITS ETF (LSE: VRPS) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $38.97 (about ₹3,738 a unit) as of 24 Sep 2026, 3:00 AM ET. It has an expense ratio of 0.5%. Indian residents can buy VRPS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$38.97
Today's high
$39.15
52 week low
$38.97
52 week high
$41.92
VRPS opened at $39.15, closed previously at $39.14, and has traded between $38.97 and $41.92 over the past 52 weeks.
About
The Invesco Variable Rate Preferred Shares UCITS ETF Dist strives to replicate the net total return performance of the ICE Diversified Variable Rates Preferred & Hybrid Securities Index, after deducting all fees. Dividends are distributed to investors on a quarterly schedule. The underlying benchmark tracks US-dollar-denominated preferred securities and certain hybrid instruments functionally equivalent to preferred stock, all of which feature variable or floating rates and are issued within the US domestic market. Index constituents are weighted by market capitalization, subject to a 10% individual issuer cap, and with a further restriction that issuers individually exceeding 4.5% of the index cannot collectively constitute more than 40% of its total value. The fund's strategy involves, as far as feasible, physically acquiring and retaining all the index securities in their designated proportions to meet its investment goal. Both the Reference Index and the fund's portfolio undergo rebalancing and reconstitution on a monthly basis. This is a passively managed, index-tracking ETF; an investment represents the acquisition of fund units rather than direct ownership of the underlying assets it holds.
Key statistics
Expense ratio
0.5%
Assets (AUM)
$24.7M
Holdings
—
NAV
$38.91
Avg. volume
—
1-year price change
-3.07%
5-year price change
-8.55%
Price change excludes dividends.
Top 10 holdings
These 10 are 10.6% of the fund.
Where the money is invested
Sectors
Countries
Similar funds
This is not an investment recommendation
How to buy VRPS from India
Indian residents can buy VRPS 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 VRPS and buy
Find the fund by its ticker, VRPS, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in VRPS from India
Trading and taxes when buying VRPS 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.
- 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
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the VRPS price today?
Invesco Variable Rate Preferred Shares UCITS ETF (VRPS) last traded at $38.97 on the London Stock Exchange ETF segment, as of 24 Sep 2026, 3:00 AM ET. That is ₹3,738 a unit at the 25 Sep 2026 USD/INR rate.
When does VRPS 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 VRPS, 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 VRPS 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 VRPS'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%). VRPS's 10 largest positions make up 10.6% of the fund.
Is VRPS subject to US estate tax?
No. Because VRPS 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.
Is VRPS accumulating or distributing?
Distributing. It pays dividends out to you in cash, taxed at your slab rate in India.
How are gains on VRPS 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 VRPS performed?
VRPS' price is down 3.1% over the past year and down 8.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is VRPS different from a US-listed ETF?
VRPS 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.