# Invesco Variable Rate Investment Grade ETF (VRIG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vrig for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2016-09-22 The Invesco Variable Rate Investment Grade ETF (VRIG) is an actively managed exchange-traded fund (ETF) primarily designed to generate current income and maintain a low portfolio duration, with capital appreciation serving as a secondary objective. Typically, under normal market conditions, the Fund allocates at least 80% of its net assets, including any borrowed capital, to U.S.-issued, U.S. dollar-denominated, variable rate instruments of investment-grade quality. The sub-adviser, Invesco Advisers, Inc., targets a diverse range of holdings, including floating rate U.S. Treasuries, governm... ## Key Facts | Metric | Value | |---|---| | Price | $25.00 | | Expense Ratio | 0.30% | | Assets Under Management | $1.94B | | NAV | $24.99 | | Holdings Count | 360 | | Distribution Yield (TTM) | 4.52% | | Annual Distribution (TTM) | $1.13 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.98 – $25.18 | | Beta | 0.02 | ## Latest Distribution - Amount: $0.0938 /share - Ex-date: 2026-10-19 - Pay date: 2026-10-23 ## Frequently Asked Questions ### What does VRIG invest in? The Invesco Variable Rate Investment Grade ETF (VRIG) is an actively managed exchange-traded fund (ETF) primarily designed to generate current income and maintain a low portfolio duration, with capital appreciation serving as a secondary objective. Typically, under normal market conditions, the Fund allocates at least 80% of its net assets, including any borrowed capital, to U.S.-issued, U.S. dollar-denominated, variable rate instruments of investment-grade quality. The sub-adviser, Invesco Advisers, Inc., targets a diverse range of holdings, including floating rate U.S. Treasuries, government-sponsored agency mortgage-backed securities, U.S. Agency debt, structured securities, and floating rate investment-grade corporate instruments. Additionally, the Fund retains the flexibility to invest in other security types detailed in its prospectus, allowing for up to a 20% allocation to non-investment grade securities. As of August 31, 2025, Morningstar Inc. awarded the Fund an overall 5-star rating among 211 eligible funds. It also received 5 stars for the 3-year period (out of 211 funds) and the 5-year period (out of 183 funds), with no 10-year rating available. Morningstar ratings are determined by a risk-adjusted return methodology that weighs monthly performance variations, emphasizing downside risk and valuing consistent results. For comparison purposes, open-end mutual funds and ETFs are grouped together. A minimum three-year performance history is required for a rating. The overall rating represents a weighted average of the available 3-, 5-, and 10-year metrics, inclusive of fees and expenses but exclusive of sales charges. This information is proprietary to Morningstar Inc. and/or its content providers, ©2025, with all rights reserved. It should not be copied or distributed, and its accuracy, completeness, or timeliness is not guaranteed. Neither Morningstar nor its content providers bear responsibility for any damages or losses resulting from its use. Investors should note that past performance offers no assurance of future outcomes. Morningstar's star distribution awards five stars to the top 10% of funds in a category, four stars to the next 22.5%, three stars to the subsequent 35%, two stars to the following 22.5%, and one star to the lowest 10%. These ratings are subject to monthly adjustments. Furthermore, if fees had not been waived or expenses reimbursed, either currently or historically, the Morningstar rating would have been lower. Ratings for alternative share classes may also differ based on varying performance characteristics. ### What is the expense ratio of VRIG? Invesco Variable Rate Investment Grade ETF (VRIG) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VRIG's dividend yield? VRIG's trailing-twelve-month yield is 4.52%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VRIG? Effective duration measures VRIG's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VRIG's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VRIG? VRIG's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of VRIG? Yield to maturity (YTM) is the total return you'd earn from VRIG if every bond in the portfolio is held to maturity at the current price. VRIG's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does VRIG pay a dividend? Yes, Invesco Variable Rate Investment Grade ETF (VRIG) distributes dividends to shareholders. The trailing-twelve-month yield is 4.52%. Full dividend history is on this page. ### How often does VRIG pay dividends? Invesco Variable Rate Investment Grade ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VRIG's next ex-dividend date? The most recently announced ex-dividend date for VRIG was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VRIG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.30% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VRIG charge its expense ratio? The expense ratio is deducted in tiny daily slices from VRIG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VRIG cost more than a fund like VOO? VRIG is actively managed (current expense ratio 0.30%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VRIG's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VRIG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as VRIG (0.30%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vrig - Distribution history: https://www.dividenddata.com/funds/vrig/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vrig/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vrig/expenses - Peer comparison: https://www.dividenddata.com/funds/vrig/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.