PVI

Invesco Floating Rate Municipal Income ETF

$24.77

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Invesco Floating Rate Municipal Income ETF (PVI) seeks to provide current income that is exempt from federal income tax.

Overview

ETF tracking Invesco Floating Rate Municipal Income ETF

Category Multi-Asset

Issuer Invesco

Inception Date 2008-11-25

Market Cap $31.0M

Average Volume N/A

Dividend Yield 1.82%

52-Week Range $24.64 - $24.97

VWAP $24.79

Performance

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Investment Summary

📎 Investment Objective

The Invesco Floating Rate Municipal Income ETF (PVI) seeks to provide current income that is exempt from federal income tax.

🎯 Investment Strategy

The fund invests primarily in municipal debt securities with floating or variable interest rates, which can adjust to changes in market interest rates. This helps to reduce interest rate risk compared to fixed-rate municipal bonds. The portfolio is actively managed to maintain a high-quality, short-to-intermediate duration profile.

✨ Key Features

Focuses on municipal bonds with floating or variable interest rates
Aims to provide tax-exempt income with reduced interest rate sensitivity
Actively managed portfolio with a short-to-intermediate duration profile
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The fund is subject to the risk that a municipal issuer may default on its obligations
Liquidity risk: The municipal bond market can experience periods of lower liquidity, which may impact the fund's ability to sell holdings
Interest rate risk: While the floating-rate structure reduces interest rate risk, some residual risk remains
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and reduced interest rate risk, particularly those in higher tax brackets. It may be most appropriate as a component of a diversified fixed-income portfolio.