VRIG
Closed
Invesco Variable Rate Investment Grade Etf
25.16
+0.02 (+0.08%)
Last Update: 17 Oct 2024 23:15:00
Yesterday: 25.14
Day's Range: 25.14 - 25.16
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When Written:
24.74
The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that invests in investment-grade debt securities with variable interest rates. The fund seeks to track the performance of the ICE BofAML US Corporate and Securities Floating Rate Index, which includes US dollar-denominated investment-grade corporate bonds and other debt securities with maturities of five years or less.
VRIG aims to provide investors with a low-risk investment option that can provide a higher yield than traditional fixed-rate bonds. The variable rate feature of the fund's investments means that the interest payments on the underlying securities will adjust to changes in prevailing interest rates, helping to mitigate interest rate risk.
As of September 2021, VRIG had total net assets of approximately $2.3 billion and an expense ratio of 0.15%. The fund's top holdings included debt securities issued by companies such as Verizon Communications, Goldman Sachs, and JPMorgan Chase.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
VRIG aims to provide investors with a low-risk investment option that can provide a higher yield than traditional fixed-rate bonds. The variable rate feature of the fund's investments means that the interest payments on the underlying securities will adjust to changes in prevailing interest rates, helping to mitigate interest rate risk.
As of September 2021, VRIG had total net assets of approximately $2.3 billion and an expense ratio of 0.15%. The fund's top holdings included debt securities issued by companies such as Verizon Communications, Goldman Sachs, and JPMorgan Chase.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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