Invesco Variable Rate Preferred Shares UCITS ETF Acc
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 shares, 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.
Security Information
| General information | |
|---|---|
| Base currency | USD |
| Dividend treatment | Quarterly |
| Minimum investment | 1 share |
| Launch date | 10 Dec 2018 |
| Shares outstanding | 32,923 |
| Exchanges |
London Stock Exchange SIX Swiss Exchange |
| Further information | |
|---|---|
| ISA | Eligible |
| UCITS | Eligible |
| UK reporting status | Yes |
| Passported to | Austria, Denmark, Finland, France, Germany, Ireland, Italy (institutional only), Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland (institutional only), United Kingdom |
| Structure | |
|---|---|
| Legal form | UCITS Open ended fund |
| Replication method | Physical |
| Domicile | Ireland |
| Financial year end | 07 December |
| Tax information for German investors | |
|---|---|
| Equity ratio | 10.9388 |
| Key service providers | |
|---|---|
| Issuer | Invesco Markets II Plc |
| Manager | Invesco Investment Management Ltd |
| Investment manager | Invesco Capital Management LLC |
| Fund administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
| Depositary | BNY Mellon Trust Company (Ireland) Limited |
| Trustee | BNY Mellon Trust Company (Ireland) Limited |
| Auditor | PricewaterhouseCoopers |
| Promoter | Invesco Investment Management Limited |
| Recent distributions | |
|---|---|
| Announcement date | |
| Ex-date | N/A |
| Record date | N/A |
| Payment date | N/A |
| Distribution per shares | N/A |
| Download all distributions | |
Key information
| Bloomberg ticker | VPAC LN |
| ISIN | IE00BHJYDT11 |
| Benchmark BBG ticker | PFLOT2 |
| Management fee | 0.50% |
| NAV (27 Feb 2020) | $46.39 |
| AUM | $11,342,354 |
| Base currency | USD |
Key documents
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.
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 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 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.