Invesco Variable Rate Investment Grade ETF's VRIG aggressive approach to the ultrashort space has led to a volatile profile relative to peers. Despite low fees, this divergence from an otherwise conservative Morningstar Category limits the fund's appeal and supports its Morningstar Analyst Rating of Neutral.
Will VRIG outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VRIG’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VRIG management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VRIG’s parent organization’s priorities and whether they’re in line with investors’ interests.