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›ETF Issuers›Invesco›PVI

PVI

Invesco VRDO Tax-Free ETF

Passive ETF Fixed Income

Not rated

The PVI Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: ICE US Municipal AMT-Free VRDO Constrained Index. The PVI ETF provides physical exposure, so by buying it you actually own parts of all the 150 underlying holdings. This share class generates a stream of income by distributing dividends.

$24.96

-$0.01 (-0.04%) yesterday

1:30 PM 10/19/26 Closed

1D price range

$24.85$25.06

52W price range

$24.65$25.09

YTD Perf.

+1.55%

YTD Flows

Annualized volatility

Fund AuM

€31M

Share class AuM

€31M

TTM Yield

Tracking Error

Tracking Difference

Characteristics

ISIN

US46138G8621

TER

0.25%

Inception date

11/15/2007

Issuer

Invesco

Benchmark

ICE US Municipal AMT-Free VRDO Constrained Index

Replication method

Dividend policy

Distributing

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API

PerformanceDec 31, 2025 - Oct 16, 2026

Flows

Join for free to unlock

Sector exposures

Data as of 08/31/26

Municipal

37.15%

Unavailable

62.85%

Latest PVI news

No content available for this fund

FAQ about PVI

PVI is a Passive ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.

PVI tracks the ICE US Municipal AMT-Free VRDO Constrained Index - USD, through a optimized sampling replication method.

PVI carries a total expense ratio (TER) of 0.25%, indicating the annual cost for holding the fund.

PVI was introduced to the market on November 15, 2007. It trades on United States

Invesco VRDO Tax-Free ETF, PVI, is provided by Invesco. Learn more about Invesco here.

PVI oversees €31M in assets as of October 16, 2026.

PVI follows a distributing dividend policy, meaning it pays out income to investors. As of October 16, 2026, its 12-month trailing yield was 2.11%.

As of August 31, 2026, PVI has significant geographic allocations in USA.

As of August 31, 2026, PVI focuses largely on Municipal.

As of August 31, 2026, PVI holds 150 positions in its portfolio, with 33.14% of assets concentrated in its top 15 holdings.

As of August 31, 2026, PVI top three holdings include US64972GAS30, US64966TAF12 and Texas, FRN 1jun2046, USD (2015B).

The base currency of PVI is USD.

Top 10 holdings

Data as of 08/31/26

US64972GAS30

4.45%

US64966TAF12

3.88%

Texas, FRN 1jun2046, USD (2015B)

2.95%

US20775HDU41

2.28%

New York Transitional Finance Authority, FRN 1nov2036, USD

2.27%

Florida Keys Aqueduct Authority, FRN 1sep2035, USD (2008)

2.27%

US45200FFS39

2.17%

New York Metropolitan Transportation Authority, FRN 1nov2032, USD (2012G-2)

1.94%

US44244CN944

1.62%

Texas State University, FRN 1aug2039, USD (2008B)

1.62%

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