Invesco Floating Rate Municipal Income ETF

Frequently Asked Questions About PVI

What are the top holdings of PVI?

Invesco Floating Rate Municipal Income ETF holds 182 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does PVI have?

PVI holds 182 positions as reported by the fund's most recent disclosure.

What sectors does PVI invest in?

Invesco Floating Rate Municipal Income ETF (PVI) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is PVI most exposed to?

PVI's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is PVI a US-only fund?

The country allocation card on this page shows PVI's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does PVI invest in?

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.