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Invesco Floating Rate Municipal Income (PVI) ETF Holdings & Analysis
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What PVI does
The Invesco Floating Rate Municipal Income ETF (PVI) aims to replicate the performance of the ICE US Municipal AMT-Free VRDO Constrained Index. This Fund typically allocates a minimum of 80% of its total assets to U.S. dollar-denominated, tax-exempt variable rate demand obligations (VRDOs). The benchmark Index itself monitors tax-free VRDOs publicly issued by U.S. states, territories, and their various political subdivisions, all of which feature interest rates that are adjusted daily, weekly, or monthly. Rather than acquiring every constituent security of the Index, the Fund utilizes a "sampling" strategy to fulfill its investment objective. Both the Fund and its tracking Index undergo rebalancing at the conclusion of the final calendar day of each month. It's noteworthy that, effective after the close of markets on August 25, 2023, the Fund's name was updated from Invesco VRDO Tax-Free ETF to Invesco Floating Rate Municipal Income ETF, without any other modifications to the Fund's structure or operations. For more comprehensive details, please refer to the prospectus.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| New York City Municipal Water Finance Authority 2.15% 06/15/2046 | 4.43% | |
| New York City Housing Development Corp 2.25% 10/15/2041 | 3.87% | |
| State of Texas 2.42% 06/01/2046 | 2.93% | |
| Connecticut Housing Finance Authority 2.30% 11/15/2050 | 2.26% | |
| New York City Transitional Finance Authority Future Tax Secured Revenue 1.30% 11/01/2036 | 2.26% | |
| Florida Keys Aqueduct Authority 2.25% 09/01/2035 | 2.26% | |
| Illinois Finance Authority 2.40% 11/01/2038 | 2.16% | |
| Metropolitan Transportation Authority 2.30% 11/01/2032 | 1.93% | |
| City of West Palm Beach FL Utility System Revenue 2.50% 10/01/2038 | 1.61% | |
| City of Houston TX Combined Utility System Revenue 2.29% 05/15/2034 | 1.61% |
Sector allocation
| Cash & Others | 100.00% |
Geographic allocation
| Other | 100.00% |
PortView Portfolio Insights
PortView analyzes how PVI fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does PVI track?
- PVI is the Invesco Floating Rate Municipal Income ETF, a Other ETF.
- What is the expense ratio of PVI?
- Expense ratio data for PVI is shown on the page when available from our data provider.
- What are the largest holdings in PVI?
- Top holdings include New York City Municipal Water Finance Authority 2.15% 06/15/2046, New York City Housing Development Corp 2.25% 10/15/2041, State of Texas 2.42% 06/01/2046, Connecticut Housing Finance Authority 2.30% 11/15/2050, New York City Transitional Finance Authority Future Tax Secured Revenue 1.30% 11/01/2036.
- How can PortView analyze PVI overlap with other ETFs?
- PortView computes the holdings overlap between PVI and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.