PVI

Fund Description
The Invesco VRDO Tax-Free ETF (Fund) is based on the ICE US Municipal AMT-Free VRDO Constrained Index (Index). The Fund generally will invest at least 80% of its total assets in U.S. dollar tax-exempt variable rate demand obligations (VRDOs). The Index tracks the performance of U.S. dollar tax-exempt VRDOs that are publicly issued by U.S. states and territories, and their political subdivisions, and that have interest rates that reset daily, weekly or monthly. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced on the last calendar day of the month. Effective at the close of markets on March 24, 2021, the Fund s name, underlying index, index provider, objective and strategy changed. The Fund s name changed from the Invesco VRDO Tax-Free Weekly ETF to the Invesco VRDO Tax-Free ETF, its Underlying Index changed from the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index to the ICE US Municipal AMT-Free VRDO Constrained Index, the index provider changed from Bloomberg to ICE Data Indices.
Fund Profile
Fund Name Invesco VRDO Tax-Free ETF
Fund Exchange Ticker PVI
Fund Sponsor Invesco
Fund ISIN US46138G8621
Net Expense Ratio 0.25 %
Fund Inception Date 15 November 2007
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name ICE US Municipal AMT-Free VRDO Constrained Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 23 June 2022
Asset Under Management 64.68 Million (USD)
1 Month Total Return 0.06 %
Year To Date Return 0.06 %
1 Year Total Return -0.06 %
3 Year Annualized Total Return 0.27 %
NAV 24.8763
Share Outstanding 2,600,000
Top 10 Holdings (24 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
City of Indianapolis IN BOND 0.0371150318
North Carolina Medical Care Commission BOND 0.0371150318
California Health Facilities Financing Authority BOND 0.0371150318
Illinois Finance Authority BOND 0.0371150318
EMMAUS GEN AUTH-VAR BOND 0.0371150318
Geneva Industrial Development Agency BOND 0.0371150318
Health & Educational Facilities Authority of the State of Mi BOND 0.0355685721
BUILD NYC RESOURCE BOND 0.0355685721
Washington Suburban Sanitary Commission BOND 0.0324756528
Chelan County Public Utility District No 1 BOND 0.0309291932