Product Details
The Invesco Floating Rate Municipal Income 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 after the close of markets on Aug. 25, 2023, the Fund’s name will change from Invesco VRDO Tax-Free ETF to Invesco Floating Rate Municipal Income ETF. No other changes were made to the Fund. See the prospectus for more information.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
ICE US Municipal AMT-Free VRDO Constrained Total Return Index | 1.41 | 2.04 | 0.81 | N/A | N/A | N/A |
Bloomberg Barclays Municipal 1 Year Index | 1.46 | 1.83 | 0.28 | 1.08 | 0.93 | 1.41 |
Fund History (%) | ||||||
Fund NAV | 1.81 | 2.45 | 0.80 | 0.87 | 0.55 | 0.72 |
After Tax Held | 0.89 | 1.35 | 0.42 | 0.51 | 0.34 | 0.59 |
After Tax Sold | 1.07 | 1.45 | 0.45 | 0.53 | 0.35 | 0.60 |
Fund Market Price | 1.89 | 2.57 | 0.84 | 0.90 | 0.56 | 0.73 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
ICE US Municipal AMT-Free VRDO Constrained Total Return Index | 1.06 | 1.89 | 0.70 | N/A | N/A | N/A |
Bloomberg Barclays Municipal 1 Year Index | 1.14 | 1.24 | 0.26 | 1.05 | 0.91 | 1.40 |
Fund History (%) | ||||||
Fund NAV | 1.34 | 2.15 | 0.64 | 0.81 | 0.51 | 0.70 |
After Tax Held | 0.73 | 1.30 | 0.36 | 0.50 | 0.32 | 0.58 |
After Tax Sold | 0.79 | 1.27 | 0.37 | 0.50 | 0.33 | 0.59 |
Fund Market Price | 1.30 | 2.15 | 0.61 | 0.80 | 0.50 | 0.70 |
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 06/30/2023. Fund performance shown at NAV.
ICE US Municipal AMT-Free VRDO Constrained Index* performance prior to 8/5/2010 reflects that of the original Underlying Index Thomson Municipal Market Data VRDO Index. From 8/5/2010 to 3/24/2021, performance reflects that of the previous Underlying Index, Bloomberg US Municipal AMT-Free Weekly VRDO Index. From 3/24/2021 forward, performance reflects that of the Underlying Index, ICE US Municipal AMT-Free VRDO Constrained 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 09/27/2023
S&P | Moody's |
---|---|
AAA : 6% | Aaa : 6% |
AA : 55% | Aa : 68% |
A : 9% | A : 5% |
Not Rated : 29% | Not Rated : 21% |
Cash is excluded from the credit rating quality allocations table.
Maturity
Years | % of Fund |
---|---|
0 - 1 years | 3.82 |
1 - 5 years | 4.65 |
5 - 10 years | 24.62 |
10 - 15 years | 25.09 |
15 - 20 years | 19.57 |
20 - 25 years | 15.61 |
25 years and over | 6.63 |
as of 09/27/2023 Top Fixed-Income Holdings | View All
Holding Name | Coupon Rate | Maturity Date | Next Call Date | S&P / Moody's Rating† | Weight |
---|---|---|---|---|---|
Wyoming Community Development Authority | 4.50% | 06/01/2048 | 09/27/2023 | AA+/Aa1 | 5.54% |
City of Houston TX Combined Utility System Revenue | 4.36% | 05/15/2034 | 09/27/2023 | AA/NR | 4.90% |
Louisiana Offshore Terminal Authority | 4.05% | 09/01/2033 | 10/02/2023 | NR/Aa1 | 4.90% |
Raleigh Durham Airport Authority | 4.28% | 05/01/2036 | 09/27/2023 | NR/Aa1 | 4.90% |
Chelan County Public Utility District No 1 | 4.10% | 07/01/2032 | 09/27/2023 | AA+/Aa2 | 4.89% |
Pasadena Independent School District | 4.50% | 02/01/2035 | 09/27/2023 | NR/Aa2 | 4.41% |
San Mateo Joint Powers Financing Authority | 2.80% | 04/01/2039 | 09/27/2023 | A+/NR | 4.40% |
Emmaus General Authority | 4.00% | 12/01/2028 | 10/01/2023 | AA/WR | 3.92% |
Metropolitan Transportation Authority | 4.25% | 11/01/2026 | 09/27/2023 | AA-/Aa1 | 3.92% |
Cash/Receivables/Payables | 0.00% | N/A | NR/NR | 3.82% |
Holdings are subject to change and are not buy/sell recommendations.
Distributions | Hide View All | Distribution Information
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.07400 | 0.07400 | - | - | - | - |
08/21/2023 | 08/22/2023 | 08/25/2023 | 0.09302 | 0.09302 | - | - | - | - |
07/24/2023 | 07/25/2023 | 07/28/0203 | 0.09164 | 0.09164 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.08548 | 0.08548 | - | - | - | - |
05/22/2023 | 05/23/2023 | 05/26/2023 | 0.07798 | 0.07798 | - | - | - | - |
04/24/2023 | 04/25/2023 | 04/28/2023 | 0.06795 | 0.06795 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.05801 | 0.05801 | - | - | - | - |
02/21/2023 | 02/22/2023 | 02/24/2023 | 0.04180 | 0.04180 | - | - | - | - |
01/23/2023 | 01/24/2023 | 01/27/2023 | 0.04161 | 0.04161 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.03643 | 0.03643 | - | - | - | - |
11/21/2022 | 11/22/2022 | 11/25/2022 | 0.02848 | 0.02848 | - | - | - | - |
10/24/2022 | 10/25/2022 | 10/28/2022 | 0.02095 | 0.02095 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.02034 | 0.02034 | - | - | - | - |
08/22/2022 | 08/23/2022 | 08/26/2022 | 0.01985 | 0.01985 | - | - | - | - |
07/18/2022 | 07/19/2022 | 07/22/2022 | 0.01051 | 0.01051 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.00250 | 0.00250 | - | - | - | - |
05/23/2022 | 05/24/2022 | 05/31/2022 | 0.00001 | 0.00001 | - | - | - | - |
04/18/2022 | 04/19/2022 | 04/29/2022 | 0.00060 | 0.00060 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.00001 | 0.00001 | - | - | - | - |
02/22/2022 | 02/23/2022 | 02/28/2022 | 0.00001 | 0.00001 | - | - | - | - |
01/24/2022 | 01/25/2022 | 01/31/2022 | 0.00001 | 0.00001 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.00001 | 0.00001 | - | - | - | - |
11/22/2021 | 11/23/2021 | 11/30/2021 | 0.00001 | 0.00001 | - | - | - | - |
10/18/2021 | 10/19/2021 | 10/29/2021 | 0.00001 | 0.00001 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.00001 | 0.00001 | - | - | - | - |
08/23/2021 | 08/24/2021 | 08/31/2021 | 0.00001 | 0.00001 | - | - | - | - |
07/19/2021 | 07/20/2021 | 07/30/2021 | 0.00001 | 0.00001 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.00001 | 0.00001 | - | - | - | - |
05/24/2021 | 05/25/2021 | 05/28/2021 | 0.00001 | 0.00001 | - | - | - | - |
04/19/2021 | 04/20/2021 | 04/30/2021 | 0.00001 | 0.00001 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.00001 | 0.00001 | - | - | - | - |
02/22/2021 | 02/23/2021 | 02/26/2021 | 0.00001 | 0.00001 | - | - | - | - |
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% |
06/30/2023 | 62 | 28 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 40 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 33 | 0 | 0 | 0 | 0 | 0 |
09/30/2022 | 64 | 39 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 142 | 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% |
06/30/2023 | 62 | 34 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 22 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 29 | 0 | 1 | 0 | 0 | 0 |
09/30/2022 | 64 | 25 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 108 | 0 | 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
Materials & Resources
Risk & Other Information
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.
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.
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.
There is no guarantee that the Fund's income will be exempt from federal and state income taxes.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
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.
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’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.
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.
ICE® is a trademark of ICE Data Indices, LLC or its affiliates (“ICE Data”) and has been licensed, along with the ICE US Municipal AMT-Free VRDO Constrained Index (“Index”) for use by Invesco Capital Management LLC (“Adviser”) in connection with the Invesco VRDO Tax-Free ETF. Neither Invesco Capital Management LLC (“Adviser”) nor the Invesco VRDO Tax-Free ETF, is sponsored, operated, endorsed, recommended, sold or promoted by ICE Data and its respective third party suppliers. ICE Data and its respective third party suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Invesco VRDO Tax-Free ETF particularly, or the ability of the Index to track general market performance. Past performance of the Index is not an indicator of or a guarantee of future results. ICE DATA AND ITS THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDEX, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM (“INDEX DATA”). ICE DATA AND ITS THIRD PARTY SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK.