# Invesco Variable Rate Preferred Shares UCITS ETF (VRPS)

**Source:** https://fundology.uk/fund/vrps · ISIN IE00BG21M733 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, VRPS (Invesco Variable Rate Preferred Shares UCITS ETF, ISIN IE00BG21M733) closed at $38.74 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 30/09/2026 its total return was +17.9%, or −7.8% after UK CPIH inflation.

## Summary

Invesco Variable Rate Preferred Shares UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2018. It tracks the ICE Diversified Variable Rate Preferred & Hybrid Securities Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **$38.74** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VRPS |
| ISIN | IE00BG21M733 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Invesco |
| Tracks | ICE Diversified Variable Rate Preferred & Hybrid Securities Index - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.50% a year (£50 per £10,000) |
| Fund size | £10.2m |
| Launched | 2018 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +2.53% | -0.69% | income reinvested |
| 3 years | +14.82% | +3.61% | income reinvested |
| 5 years | +17.94% | -7.80% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of Invesco Variable Rate Preferred Shares UCITS ETF 0.50% a year, as of 01/10/2026: 50 of the 383 other corporate and other bond funds charge more, 16 the same and 317 less (share classes counted once).

## Funds tracking the same index

2 funds track ICE Diversified Variable Rate Preferred & Hybrid Securities Index - Benchmark TR Net, this one included and share classes counted once (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco Variable Rate Preferred Shares UCITS ETF (this fund) | 0.50% | +2.5% | +14.8% | +17.9% |
| Invesco Variable Rate Preferred Shares UCITS ETF | — | +2.5% | +14.8% | +18.0% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.50%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 30/09/2026):

| Holding | Weight |
|---|---|
| Cash and/or Derivatives | 2.16% |
| Citigroup Inc VAR 15/11/74 | 2.11% |
| Citigroup Inc VAR 15/05/75 | 1.91% |
| Citigroup Inc VAR 15/02/75 | 1.44% |
| Goldman Sachs Group Inc/The VAR 10/02/75 | 1.39% |
| Wells Fargo & Co VAR 15/09/75 | 1.36% |
| Bank of America Corp VAR 01/08/75 | 1.09% |
| Goldman Sachs Group Inc/The VAR 10/11/74 | 1.08% |
| JPMorgan Chase & Co VAR 01/04/75 | 1.07% |
| JPMorgan Chase & Co VAR 01/07/75 | 1.06% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by Invesco, as of 30/09/2026.

| Sector | Weight |
|---|---|
| financial Institutions | 54.1% |
| utility | 22.9% |
| industrial | 20.8% |
| government Related | 0.2% |

### By country

As published by Invesco, as of 30/09/2026.

| Country | Weight |
|---|---|
| United States | 86.3% |
| Canada | 9.5% |
| United Kingdom | 1.4% |
| Ireland | 0.4% |
| Greece | 0.1% |

### By type of asset

Added up from the holdings Invesco publishes, as of 30/09/2026.

| Type of asset | Weight |
|---|---|
| Equity | 97.8% |
| Cash and money market | 2.2% |

All 275 holdings: https://fundology.uk/fund/vrps/holdings

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.