A Daily Network publication
Explore the network
ETF Daily
The Definitive Daily Read on Exchange-Traded Funds
Sunday, August 23, 2026The Morning Brief →Sign in

Invesco VRDO Tax-Free ETF

$24.89+0.10% today
252552-WK

The fund generally invests at least 80% of its total assets in the components of the underlying index. The underlying index tracks the performance of U.S. dollar denominated tax-exempt variable rate demand obligations that are publicly issued by U.S. states and territories, and their political subdivisions, and that have interest rates that reset daily, weekly or monthly.

Price & daily flows
24.924.824.724.89DAILY NET FLOWAug 22Mar 18Jun 3Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET — OVER THIS RANGE

The desk’s read

Money is leaving — −$1M walked out over the past month, about 4.0% of the fund's asset base, while the price has returned +0.3% so far this year. At 0.25% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$31Massets under management
0.25%expense ratio · $25 per $10,000 a year
−$1Mnet flow, trailing month
6Kavg daily volume, 30 days
34holdings · US-domiciled
2007listed November 14, 2007
The book at a glance
4.4%3.9%2.9%2.3%2.3%2.3%2.2%1.9%1.6%1.6%1.6%1.6%1.6%1.5%1.3%1.3%1.3%1.2%1.1%1.0%1.0%1.0%1.0%1.0%1.0%1.0%1.0%1.0%1.0%0.9%0.9%0.9%0.8%0.8%0.8%0.8%0.8%0.7%0.7%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1New York City Municipal Water Finance Authority4.43%
2New York City Housing Development Corp3.86%
3State of Texas2.93%
4Connecticut Housing Finance Authority2.27%
5New York City Transitional Finance Authority Future Tax Secured Revenue2.26%
6Florida Keys Aqueduct Authority2.26%
7Illinois Finance Authority2.16%
8Metropolitan Transportation Authority1.93%
9Halifax Hospital Medical Center1.61%
10City of Houston TX Combined Utility System Revenue1.61%
11Board of Regents of the University of Texas System1.61%
12City of West Palm Beach FL Utility System Revenue1.61%
13Bay Area Toll Authority1.61%
14City of New York NY1.55%
15NEW YORK CITY NY TRANSITIONAL NYCGEN 08/42 ADJUSTABLE VAR1.29%

The full book, free with one sign-in.

Top 15 positions are open to everyone. Sign in once and every fund’s complete holdings — plus CSV export, watchlists, and flow alerts — unlock across the network.

Sign in to see all 34
Sector weights
Cash & Others100%
Other100%
Revenue95.13%
Municipal94.75%
Cash5.25%
General obligation4.87%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.2%
1 month+0.3%
3 months+0.1%
6 months+0.5%
YTD+0.3%
1 year-0.3%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month−$1M
3 months+$1M
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JunJulAugSepOctFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
1%realized volatility, 30 days (annualized)
3%realized volatility, 1 year
-1.2%deepest fall from a peak, 1 year
-0.3%where it sits vs. that peak today

The top holding is 4.4% of the book; the top ten carry 25%. Spread across 152+ names, it behaves like roughly 80 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
Every weekday · 6:30 a.m. ET

The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free.