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Invesco Variable Rate Investment Grade ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The Invesco Variable Rate Investment Grade Portfolio is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities. |
| Category | Aggregate |
| Fund Sponsor | Invesco |
| Website | www.invesco.com |
| Inception date | Sep 20, 2016 |
| Assets (mns) | $1,072 |
| Currency | USD |
| Expense ratio | 30 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 208 |
| No of distinct issuers | 156 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 100% /0% |
| Non-standard maturity (callable, etc.) | 80% |
| 0.0% 1/31/21 | 5.9 % |
| 0.0% 4/30/21 | 3.2 % |
| 0.0% /00/00 | 2.7 % |
| STRUCTURED AGENCY CRE 3.8% 3/25/29 | 2.1 % |
| STRUCTURED AGENCY CRE 5.3% 4/25/28 | 1.8 % |
| CONNECTICUT AVENUE SE 5.4% 7/25/24 | 1.7 % |
| STRUCTURED AGENCY CRE 4.4% 5/25/25 | 1.6 % |
| STACR 2016-HQA4 3.7% 4/25/29 | 1.6 % |
| STRUCTURED AGENCY CRE 5.3% 7/25/28 | 1.5 % |
| INVITATION HOMES 2017 3.9% 12/17/36 | 1.4 % |
| TOTAL | 23.3 % |
|---|
| GOLDMAN SACHS GROUP, INC. | 2.9% |
| ATHENE GLOBAL FUNDING | 2.0% |
| CITIGROUP INC. | 1.8% |
| ING GROEP NV | 1.5% |
| NEXTERA ENERGY CAPITAL HOLDINGS, I... | 1.3% |
 |
UNITED STATES | 33.3 % |
 |
UNITED KINGDOM | 3.0 % |
 |
NETHERLANDS | 1.5 % |
 |
CANADA | 1.2 % |
 |
SWEDEN | 0.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 5.6% | 7.2% | 3.7% | -- | 3.3% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.05 | 6% |
| S&P500 | 0.02 | 7% |
| MSCI EAFE | 0.03 | 11% |
| MSCI Emg. Mkts. | 0.03 | 10% |
| Recent close | $25.08 |
| 30d moving avg. | $25.02 |
| Annualized volatility | 1.6% |
| Short interest (ETF) | 0.3% |
| Relative strength (RSI) | 78 |
| Avg. volume (thou.) | 301 |
| Avg. daily value traded (mns) | $8 |
| Turnover | 0.7% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| VRIG | 1.7 yrs | Category Avg.* |
4.8 yrs |
| VRIG | 1.7% | Category Avg.* |
4.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.56% | -5.0% | $23.81 |
| +200 bp | 4.56% | -3.4% | $24.23 |
| +150 bp | 4.06% | -2.5% | $24.44 |
| +100 bp | 3.56% | -1.7% | $24.65 |
| +75 bp | 3.31% | -1.3% | $24.76 |
| +50 bp | 3.06% | -0.8% | $24.86 |
| +25 bp | 2.81% | -0.4% | $24.97 |
| 0 bp | 2.56% | 0% | $25.08 |
| -25 bp | 2.31% | 0.4% | $25.18 |
| -50 bp | 2.06% | 0.8% | $25.29 |
| -75 bp | 1.81% | 1.3% | $25.39 |
| -100 bp | 1.56% | 1.7% | $25.50 |
| -150 bp | 1.06% | 2.5% | $25.71 |
| -200 bp | 0.56% | 3.4% | $25.92 |
| -300 bp | -0.44% | 5.1% | $26.34 |
*Fund Category: AGGREGATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
256 | bp |
| Less: Annual "default factor" |
10 | bp |
| Less: Expense ratio | 30 | bp |
| Equals: ALTAR Score | 2.16 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The Invesco Variable Rate Investment Grade ETF is classified as a Aggregate fund. | |