PVI — Invesco VRDO Tax-Free ETF
Invesco VRDO Tax-Free ETF (PVI)
PVI pays a 2.22% distribution rate, monthly, on a 0.25% expense ratio. Its Distribution Safety Score™ is 72 (Generally safe), giving a Safety-Adjusted Yield of 1.60%. Distributions grew 18.1% over the past year. Total return is 20.6% over the past 18.7 years, 632.3 points behind SPY at 652.9%. Its deepest 1-year drawdown was 1.0%.
Invesco VRDO Tax-Free ETF tracks an index of U.S. tax-exempt variable rate demand obligations issued by states, territories, and their political subdivisions, with interest rates that reset daily, weekly, or monthly. The fund distributes monthly income at a modest current distribution rate and carries an expense ratio of 0.25%. It appeals to tax-conscious fixed-income investors seeking regular income from municipal securities with floating rate structures.
PVI key facts
- Distribution Safety Score™
- 72 · Generally safe
- Safety-Adjusted Yield
- 1.60%
- Issuer
- Invesco
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 11/15/2007
- Expense ratio
- 0.25%
- Distribution rate
- 2.22%
- Distribution frequency
- Monthly
- Trailing yield
- 2.17%
- Last close
- $24.84
- AUM
- $31,052,297
- Average volume
- 200.0
- Last dividend
- $0.0460
- Ex-dividend date
- 07/20/2026
- Payment date
- 07/24/2026
- Beta
- -0.01
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