---
ticker: "VRP"
name: "Invesco Variable Rate Preferred ETF"
url: "https://etf.net/etf/VRP"
grade: "B"
score: 67
graded_at: "2026-10-12"
category: "Preferred Securities"
category_rank: "6 of 31"
methodology: "https://etf.net/methodology"
---

# VRP: Invesco Variable Rate Preferred ETF

Grade **B**, Score 67 of 100. Rank 6 of 31 in Preferred Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 13 of 31 |
| Mission | 64 | 13 of 26 |
| Risk | 78 | 3 of 31 |
| Tradability | 75 | 9 of 31 |
| Holdings | 76 | 6 of 29 |
| Durability | 86 | 4 of 31 |

## Top holdings

The fund holds 365 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Bank of America Corp 6.63% 12/31/2099 | 1.04% |
| 2 | — | JPMorgan Chase & Co 6.50% 12/31/2079 | 1.03% |
| 3 | — | USD Pending Dividends | 1.02% |
| 4 | — | JPMorgan Chase & Co 6.10% 12/31/2099 | 1.01% |
| 5 | — | Citigroup Inc 6.88% 12/31/2079 | 0.93% |
| 6 | — | JPMorgan Chase & Co 6.88% 12/31/2099 | 0.88% |
| 7 | — | Citigroup Inc 6.63% 12/31/2079 | 0.86% |
| 8 | — | Bank of America Corp 6.25% 12/31/2099 | 0.85% |
| 9 | — | Goldman Sachs Group Inc/The 6.50% 12/31/2079 | 0.84% |
| 10 | — | BP Capital Markets PLC 4.88% 12/31/2049 | 0.84% |
| 11 | C-PN | Citigroup Capital XIII 10.47% 10/30/2040 | 0.81% |
| 12 | — | Goldman Sachs Group Inc/The 7.50% 12/31/2079 | 0.79% |
| 13 | — | CVS Health Corp 7.00% 03/10/2055 | 0.79% |
| 14 | — | Bank of America Corp 5.88% 12/31/2079 | 0.78% |
| 15 | — | Wells Fargo & Co 6.13% 12/31/2079 | 0.76% |
| 16 | — | Wells Fargo & Co 6.85% 12/31/2079 | 0.70% |
| 17 | — | Vodafone Group PLC 7.00% 04/04/2079 | 0.70% |
| 18 | — | Charles Schwab Corp/The 4.00% 12/31/2079 | 0.70% |
| 19 | — | Bank of America Corp 6.13% 12/31/2079 | 0.70% |
| 20 | — | Citigroup Inc 6.95% 12/31/2079 | 0.69% |
| 21 | — | Verizon Communications Inc 6.60% 02/15/2059 | 0.66% |
| 22 | — | Verizon Communications Inc 6.05% 05/14/2058 | 0.65% |
| 23 | — | Goldman Sachs Group Inc/The 6.13% 12/31/2079 | 0.65% |
| 24 | — | Goldman Sachs Group Inc/The 6.85% 12/31/2079 | 0.65% |
| 25 | — | Verizon Communications Inc 6.20% 05/14/2056 | 0.63% |
| 26 | — | Wells Fargo & Co 7.63% 12/31/2099 | 0.61% |
| 27 | — | Southern Co/The 6.38% 03/15/2055 | 0.61% |
| 28 | — | Citigroup Inc 7.13% 12/31/2079 | 0.60% |
| 29 | — | Wells Fargo & Co 6.55% 12/31/2079 | 0.59% |
| 30 | — | Truist Financial Corp 6.67% 12/31/2079 | 0.59% |

Source: etf.net, https://etf.net/etf/VRP. Please cite the page URL.