Product Details
The Invesco VRDO Tax-Free Weekly ETF (Fund) is based on the Bloomberg US Municipal AMT-Free Weekly VRDO Index (Index). The Fund generally will invest at least 80% of its total assets in variable rate demand obligation (VRDO) bonds that are exempt from federal income tax with interest rates that reset weekly, which comprise the Underlying Index. The Index is comprised of municipal securities issued in the primary market as VRDOs. VRDOs are floating-rate bonds that provide investors with tax-exempt income. VRDOs are generally purchased at par. When they are put back to an investment dealer, the investor generally receives par plus accrued interest. 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 and reconstituted monthly.
Effective at the close of markets on March 24, 2021, the Fund’s name, underlying index, index provider, objective and strategy will change. The Fund’s name will change from the Invesco VRDO Tax-Free Weekly ETF to the Invesco VRDO Tax-Free ETF, its Underlying Index will change from the Bloomberg U.S. Municipal AMT-Free Weekly VRDO Index to the ICE US Municipal AMT-Free VRDO Constrained Index, the index provider will change from Bloomberg to ICE Data Indices, LLC, its objective will change to track the investment results of the new index, and its strategy will change to generally invest 80% of its total assets in components of the new Underlying Index. See the Prospectus for more information.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Bloomberg US Municipal AMT-Free Weekly VRDO Index | 0.51 | 0.51 | 1.06 | 0.88 | 0.50 | N/A |
| Bloomberg Barclays Municipal 1 Year Index | 1.76 | 1.76 | 1.99 | 1.43 | 1.16 | 1.64 |
| Fund History (%) | ||||||
| Fund NAV | 0.32 | 0.32 | 0.86 | 0.67 | 0.37 | 0.69 |
| After Tax Held | 0.17 | 0.17 | 0.50 | 0.44 | 0.26 | 0.60 |
| After Tax Sold | 0.19 | 0.19 | 0.50 | 0.44 | 0.27 | 0.61 |
| Fund Market Price | 0.16 | 0.16 | 0.84 | 0.65 | 0.36 | 0.68 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Bloomberg US Municipal AMT-Free Weekly VRDO Index | 0.51 | 0.51 | 1.06 | 0.88 | 0.50 | N/A |
| Bloomberg Barclays Municipal 1 Year Index | 1.76 | 1.76 | 1.99 | 1.43 | 1.16 | 1.64 |
| Fund History (%) | ||||||
| Fund NAV | 0.32 | 0.32 | 0.86 | 0.67 | 0.37 | 0.69 |
| After Tax Held | 0.17 | 0.17 | 0.50 | 0.44 | 0.26 | 0.60 |
| After Tax Sold | 0.19 | 0.19 | 0.50 | 0.44 | 0.27 | 0.61 |
| Fund Market Price | 0.16 | 0.16 | 0.84 | 0.65 | 0.36 | 0.68 |
Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.
Growth of $10,000
Data beginning 10 years prior to the ending date of 09/30/2020. Fund performance shown at NAV.
Bloomberg US Municipal AMT-Free Weekly VRDO Index* performance prior to 8/5/2010 reflects that of the original Underlying Index Thomson Municipal Market Data VRDO Index. From 8/5/2010, forward, the Index performance reflects that of the Underlying Index Bloomberg US Municipal AMT-Free Weekly VRDO Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
Quality Allocations† as of 01/20/2021
| S&P | Moody's |
|---|---|
| AAA : 5% | Aaa : 10% |
| AA : 56% | Aa : 64% |
| A : 9% | A : 3% |
| Not Rated : 30% | Not Rated : 23% |
Cash is excluded from the credit rating quality allocations table.
Maturity
| Years | % of Fund |
|---|---|
| 0 - 1 years | 1.54 |
| 1 - 5 years | 6.76 |
| 5 - 10 years | 20.10 |
| 10 - 15 years | 12.96 |
| 15 - 20 years | 36.76 |
| 20 - 25 years | 15.74 |
| 25 years and over | 6.15 |
as of 01/20/2021 Top Fixed-Income Holdings | View All
| Holding Name | Coupon Rate | Maturity Date | Next Call Date | S&P / Moody's Rating† | Weight |
|---|---|---|---|---|---|
| Build NYC Resource Corp | 0.06% | 04/01/2045 | 02/01/2021 | AA-/NR | 5.28% |
| City of Indianapolis IN | 0.02% | 05/15/2038 | 02/15/2021 | AA+/NR | 5.07% |
| Health & Educational Facilities Authority of the State of Mi | 0.05% | 05/15/2038 | 01/20/2021 | AA/Aa2 | 5.07% |
| Massachusetts Health & Educational Facilities Authority | 0.03% | 07/01/2027 | 02/01/2021 | AA-/Aa3 | 5.07% |
| Triborough Bridge & Tunnel Authority | 0.05% | 11/01/2041 | 01/20/2021 | AA+/Aa1 | 5.07% |
| University of Massachusetts Building Authority | 0.04% | 05/01/2038 | 01/20/2021 | AA-/NR | 4.86% |
| City of Colorado Springs CO Utilities System Revenue | 0.06% | 11/01/2036 | 01/20/2021 | AA+/Aa2 | 4.65% |
| Washington Suburban Sanitary Commission | 0.04% | 06/01/2023 | 01/20/2021 | NR/Aaa | 4.65% |
| General Authority of Southcentral Pennsylvania | 0.09% | 06/01/2037 | 01/20/2021 | NR/Aa3 | 4.22% |
| Louisiana Offshore Terminal Authority | 0.05% | 09/01/2033 | 02/01/2021 | NR/Aa1 | 4.22% |
Holdings are subject to change and are not buy/sell recommendations.
Distributions | HideView All | Distribution Information
| Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
|---|---|---|---|---|---|---|---|---|
| 01/19/2021 | 01/20/2021 | 01/29/2021 | 0.00001 | 0.00001 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.00001 | 0.00001 | - | - | - | - |
| 11/23/2020 | 11/24/2020 | 11/30/2020 | 0.00001 | 0.00001 | - | - | - | - |
| 10/19/2020 | 10/20/2020 | 10/30/2020 | 0.00001 | 0.00001 | - | - | - | - |
| 08/24/2020 | 08/25/2020 | 08/31/2020 | 0.00215 | 0.00215 | - | - | - | - |
| 07/20/2020 | 07/21/2020 | 07/31/2020 | 0.00204 | 0.00204 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.00220 | 0.00220 | - | - | - | - |
| 05/18/2020 | 05/19/2020 | 05/29/2020 | 0.00435 | 0.00435 | - | - | - | - |
| 04/20/2020 | 04/21/2020 | 04/30/2020 | 0.02633 | 0.02633 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.01853 | 0.01853 | - | - | - | - |
| 02/24/2020 | 02/25/2020 | 02/28/2020 | 0.01391 | 0.01391 | - | - | - | - |
| 01/21/2020 | 01/22/2020 | 01/31/2020 | 0.02047 | 0.02047 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.01790 | 0.01790 | - | - | - | - |
| 11/18/2019 | 11/19/2019 | 11/29/2019 | 0.01673 | 0.01673 | - | - | - | - |
| 10/21/2019 | 10/22/2019 | 10/31/2019 | 0.02648 | 0.02648 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.02173 | 0.02173 | - | - | - | - |
| 08/19/2019 | 08/20/2019 | 08/30/2019 | 0.00796 | 0.00796 | - | - | - | - |
| 07/22/2019 | 07/23/2019 | 07/31/2019 | 0.03267 | 0.03267 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.01991 | 0.01991 | - | - | - | - |
| 05/20/2019 | 05/21/2019 | 05/31/2019 | 0.03820 | 0.03820 | - | - | - | - |
| 04/22/2019 | 04/23/2019 | 04/30/2019 | 0.02408 | 0.02408 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.02938 | 0.02938 | - | - | - | - |
| 02/19/2019 | 02/20/2019 | 02/28/2019 | 0.02160 | - | - | - | - | - |
| 01/22/2019 | 01/23/2019 | 01/31/2019 | 0.02953 | 0.02953 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.03532 | 0.03532 | - | - | - | - |
| 11/19/2018 | 11/20/2018 | 11/30/2018 | 0.02505 | 0.02505 | - | - | - | - |
| 10/22/2018 | 10/23/2018 | 10/31/2018 | 0.02400 | 0.02400 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.02400 | 0.02400 | - | - | - | - |
| 08/20/2018 | 08/21/2018 | 08/31/2018 | 0.01402 | 0.01402 | - | - | - | - |
| 07/23/2018 | 07/24/2018 | 07/31/2018 | 0.01695 | 0.01695 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.01248 | 0.01248 | - | - | - | - |
| 05/21/2018 | 05/22/2018 | 05/31/2018 | 0.02840 | 0.02840 | - | - | - | - |
| 04/23/2018 | 04/24/2018 | 04/30/2018 | 0.02332 | 0.02332 | - | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.01594 | 0.01594 | - | - | - | - |
| 02/20/2018 | 02/21/2018 | 02/28/2018 | 0.03482 | 0.03482 | - | - | - | - |
| 01/22/2018 | 01/23/2018 | 01/31/2018 | 0.03050 | 0.03050 | - | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.01425 | 0.01425 | - | - | - | - |
| 11/20/2017 | 11/21/2017 | 11/30/2017 | 0.01398 | 0.01398 | - | - | - | - |
| 10/23/2017 | 10/24/2017 | 10/31/2017 | 0.01282 | 0.01282 | - | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.00966 | 0.00966 | - | - | - | - |
| 08/15/2017 | 08/17/2017 | 08/31/2017 | 0.01098 | 0.01098 | - | - | - | - |
| 07/14/2017 | 07/18/2017 | 07/31/2017 | 0.01318 | 0.01318 | - | - | - | - |
| 06/15/2017 | 06/19/2017 | 06/30/2017 | 0.01003 | 0.01003 | - | - | - | - |
| 05/15/2017 | 05/17/2017 | 05/31/2017 | 0.01380 | 0.01380 | - | - | - | - |
| 04/13/2017 | 04/18/2017 | 04/28/2017 | 0.01374 | 0.01374 | - | - | - | - |
| 03/15/2017 | 03/17/2017 | 03/31/2017 | 0.00784 | 0.00784 | - | - | - | - |
| 02/15/2017 | 02/17/2017 | 02/28/2017 | 0.00858 | 0.00858 | - | - | - | - |
| 01/13/2017 | 01/18/2017 | 01/31/2017 | 0.01084 | 0.01084 | - | - | - | - |
| 12/15/2016 | 12/19/2016 | 12/30/2016 | 0.00660 | 0.00660 | - | - | - | - |
| 11/15/2016 | 11/17/2016 | 11/30/2016 | 0.00789 | 0.00789 | - | - | - | - |
| 10/14/2016 | 10/18/2016 | 10/31/2016 | 0.01105 | 0.01105 | - | - | - | - |
| 09/15/2016 | 09/19/2016 | 09/30/2016 | 0.00389 | 0.00389 | - | - | - | - |
| 08/15/2016 | 08/17/2016 | 08/31/2016 | 0.00054 | 0.00054 | - | - | - | - |
| 07/15/2016 | 07/19/2016 | 07/29/2016 | 0.00082 | 0.00082 | - | - | - | - |
| 06/15/2016 | 06/17/2016 | 06/30/2016 | 0.00012 | 0.00012 | - | - | - | - |
| 05/13/2016 | 05/17/2016 | 05/31/2016 | 0.00040 | 0.00040 | - | - | - | - |
| 04/15/2016 | 04/19/2016 | 04/29/2016 | 0.00148 | 0.00148 | - | - | - | - |
| 03/15/2016 | 03/17/2016 | 03/31/2016 | 0.00005 | - | - | - | 0.00005 | - |
| 02/12/2016 | 02/17/2016 | 02/29/2016 | 0.00005 | - | - | - | 0.00005 | - |
| 01/15/2016 | 01/20/2016 | 01/29/2016 | 0.00005 | - | - | - | 0.00005 | - |
| 12/15/2015 | 12/17/2015 | 12/31/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 11/13/2015 | 11/17/2015 | 11/30/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 10/15/2015 | 10/19/2015 | 10/30/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 09/15/2015 | 09/17/2015 | 09/30/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 08/14/2015 | 08/18/2015 | 08/31/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 07/15/2015 | 07/17/2015 | 07/31/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 06/15/2015 | 06/17/2015 | 06/30/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 05/15/2015 | 05/19/2015 | 05/29/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 04/15/2015 | 04/17/2015 | 04/30/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 03/13/2015 | 03/17/2015 | 03/31/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 02/13/2015 | 02/18/2015 | 02/27/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 01/15/2015 | 01/20/2015 | 01/30/2015 | 0.00005 | - | - | - | 0.00005 | - |
| 12/15/2014 | 12/17/2014 | 12/31/2014 | 0.00005 | - | - | - | 0.00005 | - |
| 11/14/2014 | 11/18/2014 | 11/28/2014 | 0.00005 | - | - | - | 0.00005 | - |
| 10/15/2014 | 10/17/2014 | 10/31/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 09/15/2014 | 09/17/2014 | 09/30/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 08/15/2014 | 08/19/2014 | 08/29/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 07/15/2014 | 07/17/2014 | 07/31/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 06/13/2014 | 06/17/2014 | 06/30/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 05/15/2014 | 05/19/2014 | 05/30/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 04/15/2014 | 04/17/2014 | 04/30/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 03/14/2014 | 03/18/2014 | 03/31/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 02/14/2014 | 02/19/2014 | 02/28/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 01/15/2014 | 01/17/2014 | 01/31/2014 | 0.00010 | - | - | - | 0.00010 | - |
| 12/13/2013 | 12/17/2013 | 12/31/2013 | 0.00010 | 0.00010 | - | - | - | - |
| 11/15/2013 | 11/19/2013 | 11/29/2013 | 0.00010 | 0.00010 | - | - | - | - |
| 10/15/2013 | 10/17/2013 | 10/31/2013 | 0.00010 | 0.00010 | - | - | - | - |
| 09/13/2013 | 09/17/2013 | 09/30/2013 | 0.00010 | 0.00010 | - | - | - | - |
| 08/15/2013 | 08/19/2013 | 08/30/2013 | 0.00012 | 0.00012 | - | - | - | - |
| 07/15/2013 | 07/17/2013 | 07/31/2013 | 0.00054 | 0.00054 | - | - | - | - |
| 06/14/2013 | 06/18/2013 | 06/28/2013 | 0.00066 | 0.00066 | - | - | - | - |
| 05/15/2013 | 05/17/2013 | 05/31/2013 | 0.00265 | 0.00265 | - | - | - | - |
| 04/15/2013 | 04/17/2013 | 04/30/2013 | 0.00042 | 0.00042 | - | - | - | - |
| 03/15/2013 | 03/19/2013 | 03/28/2013 | 0.00068 | 0.00068 | - | - | - | - |
| 02/15/2013 | 02/20/2013 | 02/28/2013 | 0.00066 | 0.00066 | - | - | - | - |
| 01/15/2013 | 01/17/2013 | 01/31/2013 | 0.00052 | 0.00052 | - | - | - | - |
| 12/14/2012 | 12/18/2012 | 12/31/2012 | 0.00114 | 0.00114 | - | - | - | - |
| 11/15/2012 | 11/19/2012 | 11/30/2012 | 0.00203 | 0.00203 | - | - | - | - |
| 10/15/2012 | 10/17/2012 | 10/31/2012 | 0.00050 | 0.00050 | - | - | - | - |
| 09/14/2012 | 09/18/2012 | 09/28/2012 | 0.00180 | 0.00180 | - | - | - | - |
| 08/15/2012 | 08/17/2012 | 08/31/2012 | 0.00219 | 0.00219 | - | - | - | - |
| 07/13/2012 | 07/17/2012 | 07/31/2012 | 0.00333 | 0.00333 | - | - | - | - |
| 06/15/2012 | 06/19/2012 | 06/29/2012 | 0.00332 | 0.00332 | - | - | - | - |
| 05/15/2012 | 05/17/2012 | 05/31/2012 | 0.00589 | 0.00589 | - | - | - | - |
| 04/13/2012 | 04/17/2012 | 04/30/2012 | 0.00380 | 0.00380 | - | - | - | - |
| 03/15/2012 | 03/19/2012 | 03/30/2012 | 0.00317 | 0.00317 | - | - | - | - |
| 02/15/2012 | 02/17/2012 | 02/29/2012 | 0.00443 | 0.00443 | - | - | - | - |
| 01/13/2012 | 01/18/2012 | 01/31/2012 | 0.00984 | 0.00984 | - | - | - | - |
| 12/15/2011 | 12/19/2011 | 12/30/2011 | 0.00921 | 0.00921 | - | - | - | - |
| 11/15/2011 | 11/17/2011 | 11/30/2011 | 0.00887 | 0.00887 | - | - | - | - |
| 10/14/2011 | 10/18/2011 | 10/31/2011 | 0.00999 | 0.00999 | - | - | - | - |
| 09/15/2011 | 09/19/2011 | 09/30/2011 | 0.01607 | 0.01607 | - | - | - | - |
| 08/15/2011 | 08/17/2011 | 08/31/2011 | 0.01778 | 0.01778 | - | - | - | - |
| 07/15/2011 | 07/19/2011 | 07/29/2011 | 0.02048 | 0.02048 | - | - | - | - |
| 06/15/2011 | 06/17/2011 | 06/30/2011 | 0.00603 | 0.00603 | - | - | - | - |
| 05/13/2011 | 05/17/2011 | 05/31/2011 | 0.00840 | 0.00840 | - | - | - | - |
| 04/15/2011 | 04/19/2011 | 04/29/2011 | 0.00448 | 0.00448 | - | - | - | - |
| 03/15/2011 | 03/17/2011 | 03/31/2011 | 0.00462 | 0.00462 | - | - | - | - |
| 02/15/2011 | 02/17/2011 | 02/28/2011 | 0.00985 | 0.00985 | - | - | - | - |
| 01/14/2011 | 01/19/2011 | 01/31/2011 | 0.01532 | 0.01532 | - | - | - | - |
| 12/15/2010 | 12/17/2010 | 12/31/2010 | 0.01190 | 0.01190 | - | - | - | - |
| 11/15/2010 | 11/17/2010 | 11/30/2010 | 0.01222 | 0.01222 | - | - | - | - |
| 10/15/2010 | 10/19/2010 | 10/29/2010 | 0.00869 | 0.00869 | - | - | - | - |
| 09/15/2010 | 09/17/2010 | 09/30/2010 | 0.00806 | 0.00806 | - | - | - | - |
| 08/13/2010 | 08/17/2010 | 08/31/2010 | 0.00831 | 0.00831 | - | - | - | - |
| 07/15/2010 | 07/19/2010 | 07/30/2010 | 0.00731 | 0.00731 | - | - | - | - |
| 06/15/2010 | 06/17/2010 | 06/30/2010 | 0.00750 | 0.00750 | - | - | - | - |
| 05/14/2010 | 05/18/2010 | 05/28/2010 | 0.00525 | 0.00525 | - | - | - | - |
| 04/15/2010 | 04/19/2010 | 04/30/2010 | 0.00427 | 0.00427 | - | - | - | - |
| 03/15/2010 | 03/17/2010 | 03/31/2010 | 0.00258 | 0.00258 | - | - | - | - |
| 02/12/2010 | 02/17/2010 | 02/26/2010 | 0.00222 | 0.00222 | - | - | - | - |
| 01/15/2010 | 01/20/2010 | 01/29/2010 | 0.00300 | 0.00300 | - | - | - | - |
| 12/15/2009 | 12/17/2009 | 12/31/2009 | 0.00751 | 0.00751 | - | - | - | - |
| 11/13/2009 | 11/17/2009 | 11/30/2009 | 0.01100 | 0.01100 | - | - | - | - |
| 10/15/2009 | 10/19/2009 | 10/30/2009 | 0.01610 | 0.01610 | - | - | - | - |
| 09/15/2009 | 09/17/2009 | 09/30/2009 | 0.01724 | 0.01724 | - | - | - | - |
| 08/14/2009 | 08/18/2009 | 08/31/2009 | 0.02639 | 0.02639 | - | - | - | - |
| 07/15/2009 | 07/17/2009 | 07/31/2009 | 0.02656 | 0.02656 | - | - | - | - |
| 06/15/2009 | 06/17/2009 | 06/30/2009 | 0.03049 | 0.03049 | - | - | - | - |
| 05/15/2009 | 05/19/2009 | 05/29/2009 | 0.03597 | 0.03597 | - | - | - | - |
| 04/15/2009 | 04/17/2009 | 04/30/2009 | 0.03794 | 0.03794 | - | - | - | - |
| 03/13/2009 | 03/17/2009 | 03/31/2009 | 0.03411 | 0.03411 | - | - | - | - |
| 02/13/2009 | 02/18/2009 | 02/27/2009 | 0.03497 | 0.03497 | - | - | - | - |
| 01/15/2009 | 01/20/2009 | 01/30/2009 | 0.02957 | 0.02957 | - | - | - | - |
| 12/15/2008 | 12/17/2008 | 12/31/2008 | 0.05179 | 0.05179 | - | - | - | - |
| 11/14/2008 | 11/18/2008 | 11/28/2008 | 0.07993 | 0.07993 | - | - | - | - |
| 10/15/2008 | 10/17/2008 | 10/31/2008 | 0.12146 | 0.12146 | - | - | - | - |
| 09/15/2008 | 09/17/2008 | 09/30/2008 | 0.05858 | 0.05858 | - | - | - | - |
| 08/15/2008 | 08/19/2008 | 08/29/2008 | 0.07486 | 0.07486 | - | - | - | - |
| 07/15/2008 | 07/17/2008 | 07/31/2008 | 0.06825 | 0.06825 | - | - | - | - |
| 06/13/2008 | 06/17/2008 | 06/30/2008 | 0.05456 | 0.05456 | - | - | - | - |
| 05/15/2008 | 05/19/2008 | 05/30/2008 | 0.06155 | 0.06155 | - | - | - | - |
| 04/15/2008 | 04/17/2008 | 04/30/2008 | 0.06355 | 0.06355 | - | - | - | - |
| 03/14/2008 | 03/18/2008 | 03/31/2008 | 0.09018 | 0.09018 | - | - | - | - |
| 02/15/2008 | 02/19/2008 | 02/29/2008 | 0.06523 | 0.06523 | - | - | - | - |
| 01/15/2008 | 01/17/2008 | 01/31/2008 | 0.05742 | 0.05742 | - | - | - | - |
| 12/14/2007 | 12/18/2007 | 12/31/2007 | 0.10340 | 0.10340 | - | - | - | - |
Distribution Information
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Frequency Distribution of Discounts & Premiums
| Bid/Ask MidPoint Above NAV | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ending |
Days | 0.00- 0.25% |
0.26- 0.50% |
0.51- 0.99% |
1.00- 1.49% |
1.50- 1.99% |
≥2.00% |
| 12/31/2020 | 64 | 6 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 32 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 33 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 24 | 0 | 0 | 0 | 0 | 0 |
| Year Ended 2020 | 253 | 95 | 0 | 0 | 0 | 0 | 0 |
| Bid/Ask Midpoint Below NAV | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ending |
Days | 0.00- 0.25% |
0.26- 0.50% |
0.51- 0.99% |
1.00- 1.49% |
1.50- 1.99% |
≥2.00% |
| 12/31/2020 | 64 | 58 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 32 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 29 | 1 | 0 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 34 | 3 | 1 | 0 | 0 | 0 |
| Year Ended 2020 | 253 | 153 | 4 | 1 | 0 | 0 | 0 |
Fund Inception : 11/15/2007
Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.
Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.
Fund Documents
Risk & Other Information
†Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
Municipal securities are subject to the risk that legislative or economic conditions could affect an issuer's ability to make payments of principal and/ or interest. Municipal insurance doesn't protect against losses in the Fund.
The absence of an active secondary market for certain variable rate notes could make it difficult to dispose of the instruments, and a portfolio could suffer a loss if the issuer defaults during periods in which a portfolio is not entitled to exercise its demand rights.
There is no guarantee that the Fund's income will be exempt from federal and state income taxes.
The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.
Reinvestment risk is the risk that a bond's cash flows (coupon income and principal repayment) will be reinvested at an interest rate below that on the original bond.
The Barclays Municipal 1 Year Index is an unmanaged index of municipal bonds with a remaining maturity of 1-2 years. The Thomson Municipal Market Data VRDO Index is designed to track the performance of a pool of tax-exempt Variable Rate Demand Obligations (VRDOs) issued by municipalities in the United States on which the yields generally reset on a weekly basis.
The Bloomberg US Municipal AMT-Free Weekly VRDO Index is a trademark and service mark of Bloomberg and has been licensed for use by the Adviser. Bloomberg is not affiliated with the Adviser or the Invesco VRDO Tax-Free Weekly ETF. Bloomberg does not: (i) approve, endorse, review or recommend the Adviser or the Invesco VRDO Tax-Free Weekly ETF, (ii) guarantee the correctness or completeness of the Bloomberg US Municipal AMT-Free Weekly VRDO Index or other information furnished in connection with the Bloomberg US Municipal AMT-Free Weekly VRDO Index, (iii) warrant, expressly or impliedly, the results to be obtained by the Adviser, the Adviser's customers, owners of the Invesco VRDO Tax-Free Weekly ETF, or any other person or entity from the use of the Bloomberg US Municipal AMT-Free Weekly VRDO Index or any data included therein.
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