Invesco Variable Rate Investment Grade ETF's aggressive approach has led to one of the most-volatile records in the ultrashort Morningstar Category. This strategy’s Process Pillar rating earned a downgrade to Low from Below Average, resulting in a downgrade of its Morningstar Analyst Rating to Negative from 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.