PVI - VRDO Tax Free Weekly Portfolio Fact Sheet
PVI Tracks This Index: Bloomberg US Municipal AMT-Free Weekly VRDO Index
Description: The Index is comprised of municipal securities issued in the primary market as Variable Rate Demand Obligations (VRDOs) whose interest rates are reset weekly. VRDOs are floating-rate bonds that provide investors with tax-exempt income. VRDOs are generally purchased at par. When they are put back to an investment dealer, the investor generally receives par plus accrued interest.
Description: The Index is comprised of municipal securities issued in the primary market as Variable Rate Demand Obligations (VRDOs) whose interest rates are reset weekly. VRDOs are floating-rate bonds that provide investors with tax-exempt income. VRDOs are generally purchased at par. When they are put back to an investment dealer, the investor generally receives par plus accrued interest.
- Issuer: Invesco PowerShares
- Expense Ratio: 0.25%
- ETFdb Category: Money Market
- ETF Home Page: PVI
- Inception: 2007-11-15
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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