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ETFs

Invesco Floating Rate Municipal Income ETF

PVI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 15 2007
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$215,231
AUM
$39,694,704
Associated Index
ICE US Municipal AMT-Free VRDO Constrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Wyoming Community Development Authority
5.72%
n/a
Louisiana Offshore Terminal Authority
5.05%
n/a
City of Houston TX Combined Utility System Revenue
5.05%
n/a
Raleigh-Durham Arpt 12 % Remarketable Bonds 2008-01.05.36 Refunding Series 2008C Variable Rate
5.05%
n/a
Chelan County Public Utility District No 1
5.05%
n/a
Pasadena Independent School District
4.54%
n/a
San Mateo Joint Powers Financing Authority
4.54%
n/a
Emmaus Gen Bonds 1996-01.12.28 Floating Rate
4.04%
n/a
Met Transn Auth (9 % Max) Remarketable 2002-1.11.26 Ref Transn SubSeries 2002G-1g Var Rt
4.04%
n/a
Cash/Receivables/Payables
3.85%
Invest with PVI

What is PVI?

The Invesco VRDO Tax-Free ETF (Fund) is based on the ICE US Municipal AMT-Free VRDO Constrained Index (Index). The Fund generally will invest at least 80% of its total assets in U.S. dollar tax-exempt variable rate demand obligations (VRDOs). The Index tracks the performance of U.S. dollar tax-exempt VRDOs that are publicly issued by U.S. states and territories, and their political subdivisions, and that have interest rates that reset daily, weekly or monthly. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced on the last calendar day of the month. Effective at the close of markets on March 24, 2021, the Fund s name, underlying index, index provider, objective and strategy changed. The Fund s name changed from the Invesco VRDO Tax-Free Weekly ETF to the Invesco VRDO Tax-Free ETF, its Underlying Index changed from the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index to the ICE US Municipal AMT-Free VRDO Constrained Index, the index provider changed from Bloomberg to ICE Data Indices.

ETFs related toPVI

ETFs correlated to PVI include AUGW, XAUG, LGRO

PVI
Invesco Capital Management LLC - Invesco Floating Rate Municipal Income ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
CVRD
Madison ETFs Trust - Madison Covered Call ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PVI is a US Bonds ETF. The Invesco VRDO Tax-Free ETF (Fund) is based on the ICE US Municipal AMT-Free VRDO Constrained Index (Index). The Fund generally will invest at least 80% of its total assets in U.S. dollar tax-exempt variable rate demand obligations (VRDOs). The Index tracks the performance of U.S. dollar tax-exempt VRDOs that are publicly issued by U.S. states and territories, and their political subdivisions, and that have interest rates that reset daily, weekly or monthly. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced on the last calendar day of the month. Effective at the close of markets on March 24, 2021, the Fund s name, underlying index, index provider, objective and strategy changed. The Fund s name changed from the Invesco VRDO Tax-Free Weekly ETF to the Invesco VRDO Tax-Free ETF, its Underlying Index changed from the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index to the ICE US Municipal AMT-Free VRDO Constrained Index, the index provider changed from Bloomberg to ICE Data Indices.

PVI tracks the ICE US Municipal AMT-Free VRDO Constrained Index.

No, PVI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PVI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PVI is 0.0022%. This is the percent change in the value of PVI over the most recent 1-month period. The 3-month return on PVI is 0.0086%. This is the percent change in the value of PVI over the most recent 3-month period.

The standard deviation of PVI for the past year is 0.0132%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PVI include SUB, HYD, and CMF.

ETFs correlated to PVI include AUGW, XAUG, and LGRO.

ETFs that are inversely correlated to PVI include UVXY, VIXM, and VIXY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.