ATLASInvesco Variable Rate Preferred ETF (VRP): outlook, holdings and fees
Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.48% and the yield is 6.12%. The ten largest holdings are 6% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on VRP
| Last price | $23.59 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 69% |
| Likely 1-month range (50%) | $23.54 – $23.91 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 6.12% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
VRP fund facts
| Issuer | Invesco |
|---|---|
| Theme | Other strategies |
| Assets under management | $3.0B |
| Expense ratio | 0.48% |
| Number of holdings | 13 |
| Portfolio turnover | 0% |
| Inception | May 1, 2014 |
| Exchange | NYSE |
The fund will invest at least 90% of its total assets in the components of the index, as well as ADRs that represent securities in the index. The index provider compiles and calculates the index, a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities. It is non-diversified.
VRP top holdings
| Holding | Sector | Weight |
|---|---|---|
| Citigroup Capital XIII TR PFD SECS C-PN | Other | 0.86% |
| BAC 5.875 US060505FL38 | – | 0.80% |
| SCHW 4 US808513BJ38 | – | 0.68% |
| BAC 6.125 US06055HAB96 | – | 0.70% |
| WELLS FARGO 23/UND. FLR US95002YAA10 | – | 0.60% |
| TFC 4.8 US89832QAD16 | – | 0.60% |
| BAC 4.375 US060505GB47 | – | 0.55% |
| GOLDM.S.GRP 23/UND. FLR US38141GA385 | – | 0.52% |
| CITIGROUP 23/UND.FLR US172967PE54 | – | 0.53% |
| JPM 4 US48128BAH42 | – | 0.50% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
VRP returns and risk
| Year to date | +1.1% |
|---|---|
| 1 year | +1.7% |
| 3 years (annualised) | +8.9% |
| 5 years (annualised) | +4.1% |
| 10 years (annualised) | +4.9% |
| Volatility (3 years) | 4.0% |
| Sharpe ratio (3 years) | 0.88 |
Past returns do not guarantee future results.
VRP: frequently asked questions
What does VRP invest in?
Invesco Variable Rate Preferred ETF invests in a portfolio of securities. Its largest holdings are Citigroup Capital XIII TR PFD SECS (0.9%), BAC 5.875 (0.8%), SCHW 4 (0.7%), BAC 6.125 (0.7%), WELLS FARGO 23/UND. FLR (0.6%).
What is the VRP expense ratio?
0.48% a year: about $48.00 for every $10,000 invested.
What is the VRP dividend yield?
6.12%. ATLAS does not hold the exact distribution dates for ETFs.
Will VRP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 69%, with a likely range (50%) of $23.54 to $23.91 from $23.59 today. It is a probability, not a prediction.
How has VRP performed?
Year to date +1.1%, one year +1.7%, three years +8.9% a year, five years +4.1% a year. Past returns do not guarantee future results.
Similar ETFs: Other strategies
- iShares Russell 1000 ETF (IWB)
- Vanguard Extended Market ETF (VXF)
- State Street SPDR S&P MidCap 400 ETF Trust (MDY)
- iShares S&P 100 ETF (OEF)
- iShares Russell 3000 ETF (IWV)
- Vanguard Mortgage-Backed Securities ETF (VMBS)
- State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM)
- iShares Preferred and Income Securities ETF (PFF)
Educational information, not investment advice. Disclaimer