Invesco Variable Rate Preferred Shares UCITS ETF

Product description

The investment objective of the Invesco Variable Rate Preferred Shares UCITS ETF is to achieve the performance of the Wells Fargo® Diversified Hybrid and Preferred Securities Floating and Variable Rate Net Total Return Index, minus expenses, in US dollar terms. 

The Index tracks the performance of variable and floating rate US dollar denominated preferred securities, as well as certain types of “hybrid securities” that are functionally equivalent to preferred stock, issued in the US domestic market. Index constituents are market capitalisation-weighted, and subject to a 10% issuer cap. Additionally, no more than 40% of the index can be comprised of issuers that individually account for more than 5% of the Index.  

Trading information

London Stock Exchange
Trading currency USD
Bloomberg ticker VRPS LN
Bloomberg iNAV VRPSIN
Reuters ticker VRPS.L
Reuters iNAV 0EXXINAV.DE
WKN A2JRFU
Valor 42906569
Sedol BG1TRN9
Today (12 Dec 2018)
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Borsa Italiana
Trading currency EUR
Settlement period T+2
Exchange ticker VRPS
Bloomberg ticker VRPS IM
Bloomberg iNAV VRPSINE
Reuters ticker VRPS.MI
Reuters iNAV 0EXWINAV.DE
WKN A2JRFU
Valor 42906569
Today (12 Dec 2018)
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iNAV Loading...
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SIX Swiss Exchange
Trading currency USD
Settlement period T+2
Exchange ticker VRPS
Bloomberg ticker VRPS SW
Bloomberg iNAV VRPSIN
Reuters ticker VRPS.S
Reuters iNAV 0EXXINAV.DE
WKN A2JRFU
Valor 42906569
Today (12 Dec 2018)
Bid price Loading...
Offer price Loading...
iNAV Loading...
Last update Loading...

Key information

Bloomberg ticker VRPS LN
ISIN IE00BG21M733
Benchmark BBG ticker PFLOT2
Management fee 0.50%
NAV (11 Dec 2018) $37.99
AUM $60,834,063
Base currency USD

Key fund risks

Capital is not guaranteed: The value of investments, and income from them, can go down as well as up and you may not get back the full amount you invested.

Sector concentration risk: In tracking the Index, the Fund may be concentrated from time to time in a small number of sectors. Investors should be prepared to accept a higher degree of risk than for a fund that is more widely diversified across different sectors.

Index tracking: The Fund will not replicate the performance of its Reference Index perfectly, this is because the Fund will incur drags on performance such as expenses and transactions costs, which the Reference Index is not subject to. If the Fund is unable to hold the securities in the exact proportion required this will affect its ability to track the Reference Index.

Liquidity on secondary market risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily. On-exchange liquidity may be limited due to Reference Index suspension, a decision by one of the relevant stock exchanges, a breach by the market maker or respective stock exchange requirements and guidelines.

Value of securities: The value of securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

Credit risk: Debt securities are exposed to credit risk which is the ability of the borrower to repay the interest and capital on the redemption date.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco UK Services Limited accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.