Key stats
About Invesco Floating Rate Municipal Income ETF
Home page
Inception date
Nov 15, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PVI is a passively managed ETF that tracks an index that invests in variable rate demand obligations (VRDOs) issued by US municipalities that are exempt from federal taxes. Securities should be denominated in USD and have at least one day remaining term to final maturity. Although VRDOs are typically issued with long-dated maturities, such notes can pay short-term interest to investors. The fund selects investment-grade VRDOs with interest rates that reset daily, weekly, or monthly. The funds holdings are weighted by market value and rebalanced monthly. Prior to March 24, 2021, the fund was called Invesco VRDO Tax-Free Weekly ETF that tracked the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index. Prior to August 28, 2023, the ETF's name was Invesco VRDO Tax-Free ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.68%
Cash0.32%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PVI last dividends amounted to 0.05 USD. The month before, the issuer paid 0.06 USD in dividends, which shows a 36.57% decrease.
PVI assets under management is 31.02 M USD. It's risen 4.15% over the last month.
PVI fund flows account for −7.44 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PVI pays dividends to its holders with the dividend yield of 2.44%. The last dividend (Jun 27, 2025) amounted to 0.05 USD. The dividends are paid monthly.
PVI shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Nov 15, 2007, and its management style is Passive.
PVI expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
PVI follows the ICE U.S. Municipal AMT-Free VRDO Constrained Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PVI invests in bonds.
PVI price has fallen by −0.22% over the last month, and its yearly performance shows a −0.02% decrease. See more dynamics on PVI price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.44% increase in three-month performance and has increased by 2.33% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.44% increase in three-month performance and has increased by 2.33% in a year.
PVI trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.