IInvesco Variable Rate Preferred ETF

Invesco Variable Rate Preferred ETF (VRP) is a passively managed exchange-traded fund that seeks to track the investment results of the ICE Variable Rate Preferred & Hybrid Securities Index. That index is a market-capitalization-weighted benchmark designed to capture the performance of floating- and variable-rate, investment-grade and below-investment-grade U.S. dollar-denominated preferred stock, as well as certain hybrid securities. The fund invests at least 90% of its total assets in index components. VRP lists on NYSE Arca, holds approximately 334 securities, and carries net assets of roughly $2.86 billion.

1 Exchange-Traded Security