Invesco Variable Rate Preferred Shares UCITS ETF Acc

Product description

The Invesco Variable Rate Preferred Shares UCITS ETF Acc aims to provide the net total return performance of the ICE Diversified Variable Rates Preferred & Hybrid Securities Index (the “Reference Index”), less the impact of fees. 

The Reference 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. Constituents are market capitalisation-weighted, and subject to a 10% issuer cap and with no more than 40% of the Reference Index comprised of issuers that individually account for more than 4.5% of the Reference Index. 

The fund aims to achieve its objective by buying and holding, as far as possible and practical, all the securities in the Reference Index in their respective weightings. The Reference Index and, in turn, the fund is rebalanced and reconstituted on a monthly basis.

Trading information

London Stock Exchange
Trading currency USD
Settlement period T+2
Exchange ticker VPAC
Bloomberg ticker VPAC LN
Bloomberg iNAV VPACIN
Reuters ticker VPAC.L
Reuters iNAV EQGGINAV.DE
WKN A2N9VL
Valor 45137153
Sedol BGKF2J9
Today (29 Sep 2021)
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SIX Swiss Exchange
Trading currency USD
Settlement period T+2
Exchange ticker VPAC
Bloomberg ticker VPAC SW
Bloomberg iNAV VPACIN
Reuters ticker VPAC.S
Reuters iNAV EQGGINAV.DE
WKN A2N9VL
Valor 45137153
Today (29 Sep 2021)
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Offer price Loading...
iNAV Loading...
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Portfolio information (20 Sep 2021)
Effective maturity 31.35
Effective duration 3.16
Average quality BBB

Key information

Bloomberg ticker VPAC LN
ISIN IE00BHJYDT11
Benchmark BBG ticker PDAR4MID
Management fee 0.50%
NAV (28 Sep 2021) $50.39
AUM $18,410,078
Base currency USD
Securities lending Yes
Umbrella AUM (27 Sep 2021) $6,758,360,972

ESG Profile

(Fund 27 Sep 2021)

ESG Rating (AAA-CCC) AA
Quality Score (0-10) 8.11
Carbon Intensity 228.53

Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).

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.