VRIG

Invesco Variable Rate Investment Grade ETF

$25.13

+0.00%

Market closed. Last update: 12:32 PM ET

📎 Investment Objective

The Invesco Variable Rate Investment Grade ETF (VRIG) seeks to provide current income while maintaining low interest rate risk by investing in a portfolio of investment-grade floating-rate notes and other variable-rate debt securities.

Overview

ETF tracking Invesco Variable Rate Investment Grade ETF

Category Corporate Bonds

Issuer Invesco

Inception Date 2016-09-22

Market Cap $1.3B

Average Volume N/A

Dividend Yield 4.31%

52-Week Range $24.89 - $25.20

VWAP $25.13

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

VRIG invests primarily in investment-grade floating-rate notes and other variable-rate debt securities. The fund aims to maintain a low duration profile to minimize interest rate sensitivity, while generating current income from the floating-rate coupons.

✨ Key Features

Invests in investment-grade floating-rate and variable-rate debt securities
Targets low interest rate risk through short duration portfolio
Seeks to provide current income from floating-rate coupons
Expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The fund is exposed to the risk of default or downgrade of the underlying debt securities
Liquidity risk: The fund may experience difficulty selling certain securities, particularly in stressed market conditions
Interest rate risk: While the fund aims to have low duration, it is still subject to some interest rate risk
Concentration risk: The fund may have significant exposure to certain sectors or issuers

👤 Best For

VRIG may be suitable for investors seeking current income and low interest rate risk, such as those looking to diversify a fixed-income portfolio or seeking a low-duration option. However, the fund is still subject to credit and other risks, so it may not be appropriate for all investors.