GSY - Invesco Ultra Short Duration ETF

Fixed Income - International and Global Fixed Income

Product Details

The Invesco Ultra Short Duration ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks to provide returns in excess of cash equivalents while also seeking to provide preservation of capital and daily liquidity. The Fund will invest at least 80% of its total assets in fixed income securities of varying maturities, but with an average duration of less than one year.

as of 06/30/2019

Morningstar Rating

Overall Rating - Ultrashort Bond Category

As of 06/30/2019 the Fund had an overall rating of 4 stars out of 151 funds and was rated 5 stars out of 151 funds, 5 stars out of 128 funds and 3 stars out of 57 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 06/30/2019 06/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
ICE BofAML US Treasury Bill Index 1.30 2.39 1.38 0.89 0.52 0.64
ICE BofAML US Treasury Bill Index 1.30 2.39 1.38 0.89 0.52 0.64
Fund History (%)
Fund NAV 2.03 3.13 2.35 1.81 1.26 1.26
After Tax Held 1.46 1.94 1.46 1.06 0.78 0.77
After Tax Sold 1.20 1.84 1.40 1.05 0.76 0.76
Fund Market Price 1.99 3.13 2.36 1.81 1.26 1.26
Fund NAV 2.03 3.13 2.35 1.81 1.26 1.26
After Tax Held 1.46 1.94 1.46 1.06 0.78 0.77
After Tax Sold 1.20 1.84 1.40 1.05 0.76 0.76
Fund Market Price 1.99 3.13 2.36 1.81 1.26 1.26

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 06/30/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 06/30/2019. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 07/19/2019

Sector Allocation

as of 07/19/2019

Top Country Allocation

as of 07/19/2019

Currency Allocation

Quality Allocations as of 07/19/2019

S&P Moody's
AAA : 11% Aaa : 9%
AA : 14% Aa : 11%
A : 28% A : 25%
BBB : 23% Baa : 23%
BB : 0% Ba : 2%
B : 0% B : 0%
CCC : 0% Caa : 0%
A-1 or better : 2% P-1 : 2%
A-2 : 11% P-2 : 12%
A-3 : 4% P-3 : 2%
Not Rated : 5% Not Rated : 13%

Cash is excluded from the credit rating quality allocations table.

as of 07/19/2019 Maturity

Years % of Fund
0 - 1 years 40.22
1 - 5 years 45.14
5 - 10 years 4.29
10 - 15 years 1.88
15 - 20 years 0.86
20 - 25 years 0.35
25 years and over 7.26

as of 07/19/2019Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date S&P / Moody's Rating† Weight
Royal Caribbean Cruises Ltd 0.00% 08/26/2019 N/A A-3/P-2 1.26%
Nomura Securities International Inc 2.88% 12/27/2019 N/A NR/NR 1.18%
White Plains Capital Co LLC 0.00% 08/20/2019 N/A A-1/NR 1.15%
Citigroup Global Markets Inc 2.74% 12/01/2059 N/A A+/A1 1.05%
Smithfield Foods Inc 0.00% 08/19/2019 N/A A-3/Ba1 1.05%
Bell Canada Inc 0.00% 09/04/2019 N/A A-2/P-2 1.02%
CommonSpirit Health 0.00% 08/27/2019 N/A A-2/P-2 0.96%
ETP Legacy LP 0.00% 07/22/2019 N/A A-3/P-3 0.85%
Comcast Corp 2.76% 10/01/2021 N/A A-/A3 0.84%
United States Treasury Bill 0.00% 11/07/2019 N/A AA+u/Aaa 0.84%

Holdings are subject to change and are not buy/sell recommendations.

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
07/22/2019 07/23/2019 07/31/2019 0.11507 0.11507 - - -
06/24/2019 06/25/2019 06/28/2019 0.11917 0.11917 - - -
05/20/2019 05/21/2019 05/31/2019 0.12220 0.12220 - - -
04/22/2019 04/23/2019 04/30/2019 0.12084 0.12084 - - -
03/18/2019 03/19/2019 03/29/2019 0.13347 0.13347 - - -
02/19/2019 02/20/2019 02/28/2019 0.08927 - - - -
01/22/2019 01/23/2019 01/31/2019 0.11538 0.11538 - - -
12/26/2018 12/27/2018 12/31/2018 - - - 0.00529 -
12/24/2018 12/26/2018 12/31/2018 0.15343 0.15343 - - -
11/19/2018 11/20/2018 11/30/2018 0.09888 0.09888 - - -
10/22/2018 10/23/2018 10/31/2018 0.09436 0.09436 - - -
09/24/2018 09/25/2018 09/28/2018 0.12032 0.12032 - - -
08/20/2018 08/21/2018 08/31/2018 0.05017 0.05017 - - -
08/02/2018 08/03/2018 08/07/2018 0.10175 0.10175 - - -
07/03/2018 07/05/2018 07/09/2018 0.10109 0.10109 - - -
06/04/2018 06/05/2018 06/07/2018 0.10327 0.10327 - - -
05/02/2018 05/03/2018 05/07/2018 0.09006 0.09006 - - -
04/03/2018 04/04/2018 04/06/2018 0.08730 0.08730 - - -
03/02/2018 03/06/2018 03/08/2018 0.06490 0.06490 - - -
02/02/2018 02/06/2018 02/08/2018 0.08120 0.08120 - - -
12/28/2017 12/29/2017 01/02/2018 0.26450 0.26450 - - -
12/04/2017 12/05/2017 12/07/2017 0.05920 0.05920 - - -
11/02/2017 11/03/2017 11/07/2017 0.05500 0.05500 - - -
10/03/2017 10/04/2017 10/06/2017 0.06360 0.06360 - - -
09/01/2017 09/06/2017 09/08/2017 0.06630 0.06630 - - -
08/01/2017 08/03/2017 08/07/2017 0.05760 0.05760 - - -
07/03/2017 07/06/2017 07/10/2017 0.05250 0.05250 - - -
06/01/2017 06/05/2017 06/07/2017 0.06290 0.06290 - - -
05/01/2017 05/03/2017 05/05/2017 0.05670 0.05670 - - -
04/03/2017 04/05/2017 04/07/2017 0.05820 0.05820 - - -
03/01/2017 03/03/2017 03/07/2017 0.04910 0.04910 - - -
02/01/2017 02/03/2017 02/07/2017 0.05930 0.05930 - - -
12/28/2016 12/30/2016 01/04/2017 0.09220 0.04500 - - 0.04720
12/01/2016 12/05/2016 12/07/2016 0.05050 0.05050 - - -
11/01/2016 11/03/2016 11/07/2016 0.04960 0.04960 - - -
10/03/2016 10/05/2016 10/07/2016 0.05130 0.05130 - - -
09/01/2016 09/06/2016 09/08/2016 0.05160 0.05160 - - -
08/01/2016 08/03/2016 08/05/2016 0.04660 0.04660 - - -
07/01/2016 07/06/2016 07/08/2016 0.05170 0.05170 - - -
06/01/2016 06/03/2016 06/07/2016 0.05480 0.05480 - - -
05/02/2016 05/04/2016 05/06/2016 0.05610 0.05610 - - -
04/01/2016 04/05/2016 04/07/2016 0.05880 0.05880 - - -
03/01/2016 03/03/2016 03/07/2016 0.04970 0.04970 - - -
02/01/2016 02/03/2016 02/05/2016 0.03790 0.03790 - - -
12/29/2015 12/31/2015 01/04/2016 0.08591 0.03305 - - 0.05286
12/01/2015 12/03/2015 12/07/2015 0.04350 0.04350 - - -
11/02/2015 11/04/2015 11/06/2015 0.03840 0.03840 - - -
10/01/2015 10/05/2015 10/07/2015 0.03380 0.03380 - - -
09/01/2015 09/03/2015 09/08/2015 0.04120 0.04120 - - -
08/03/2015 08/05/2015 08/07/2015 0.04460 0.04460 - - -
07/01/2015 07/06/2015 07/08/2015 0.04290 0.04290 - - -
06/01/2015 06/03/2015 06/05/2015 0.04840 0.04840 - - -
05/01/2015 05/05/2015 05/07/2015 0.04940 0.04940 - - -
04/01/2015 04/06/2015 04/08/2015 0.05500 0.05500 - - -
03/02/2015 03/04/2015 03/06/2015 0.04760 0.04760 - - -
02/02/2015 02/04/2015 02/06/2015 0.05250 0.05250 - - -
12/29/2014 12/31/2014 01/02/2015 0.16935 0.06258 - - 0.10677
12/01/2014 12/03/2014 12/05/2014 0.04290 0.04290 - - -
11/03/2014 11/05/2014 11/07/2014 0.06070 0.06070 - - -
10/01/2014 10/03/2014 10/07/2014 0.04390 0.04390 - - -
09/02/2014 09/04/2014 09/08/2014 0.04350 0.04350 - - -
08/01/2014 08/05/2014 08/07/2014 0.04820 0.04820 - - -
07/01/2014 07/03/2014 07/07/2014 0.04720 0.04720 - - -
06/02/2014 06/04/2014 06/06/2014 0.04590 0.04590 - - -
05/01/2014 05/05/2014 05/07/2014 0.03620 0.03620 - - -
04/01/2014 04/03/2014 04/07/2014 0.04070 0.04070 - - -
03/03/2014 03/05/2014 03/07/2014 0.03260 0.03260 - - -
02/03/2014 02/05/2014 02/07/2014 0.03150 0.03150 - - -
12/27/2013 12/31/2013 01/02/2014 0.09100 0.03810 0.01700 0.00760 0.02830
12/02/2013 12/04/2013 12/06/2013 0.03900 0.03900 - - -
11/01/2013 11/05/2013 11/07/2013 0.04200 0.04200 - - -
10/01/2013 10/03/2013 10/07/2013 0.03700 0.03700 - - -
09/03/2013 09/05/2013 09/09/2013 0.03800 0.03800 - - -
08/01/2013 08/05/2013 08/07/2013 0.04200 0.04200 - - -
07/01/2013 07/03/2013 07/05/2013 0.03900 0.03900 - - -
06/03/2013 06/05/2013 06/07/2013 0.04700 0.04700 - - -
05/01/2013 05/03/2013 05/07/2013 0.05500 0.05500 - - -
04/01/2013 04/03/2013 04/05/2013 0.05100 0.05100 - - -
03/01/2013 03/05/2013 03/07/2013 0.05600 0.05600 - - -
02/01/2013 02/05/2013 02/07/2013 0.04200 0.04200 - - -
12/27/2012 12/31/2012 01/02/2013 0.11700 0.04900 0.03200 0.00600 0.03000
12/03/2012 12/05/2012 12/07/2012 0.05500 0.05500 - - -
11/01/2012 11/05/2012 11/07/2012 0.03800 0.03800 - - -
10/01/2012 10/03/2012 10/05/2012 0.02600 0.02600 - - -
09/04/2012 09/06/2012 09/10/2012 0.02000 0.02000 - - -
08/01/2012 08/03/2012 08/07/2012 0.01900 0.01900 - - -
07/02/2012 07/05/2012 07/09/2012 0.01900 0.01900 - - -
06/01/2012 06/05/2012 06/07/2012 0.01800 0.01800 - - -
05/01/2012 05/03/2012 05/07/2012 0.01700 0.01700 - - -
04/02/2012 04/04/2012 04/09/2012 0.01400 0.01400 - - -
03/01/2012 03/05/2012 03/07/2012 0.00500 0.00500 - - -
02/01/2012 02/03/2012 02/07/2012 0.01000 0.01000 - - -
12/28/2011 12/30/2011 01/03/2012 0.03900 0.02300 0.01200 - 0.00400
12/01/2011 12/05/2011 12/07/2011 0.02400 0.02400 - - -
11/01/2011 11/03/2011 11/07/2011 0.02500 0.02500 - - -
10/03/2011 10/05/2011 10/07/2011 0.02200 0.02200 - - -
09/01/2011 09/06/2011 09/08/2011 0.02400 0.02400 - - -
08/01/2011 08/03/2011 08/05/2011 0.01800 0.01800 - - -
07/01/2011 07/06/2011 07/08/2011 0.00500 0.00500 - - -
12/27/2010 12/29/2010 12/31/2010 0.00500 0.00000 - - 0.00500
09/24/2009 09/28/2009 09/30/2009 0.00100 0.00100 - - -
08/25/2009 08/27/2009 08/31/2009 0.00300 0.00300 - - -
07/27/2009 07/29/2009 07/31/2009 0.00500 0.00500 - - -
06/24/2009 06/26/2009 06/30/2009 0.01100 0.01100 - - -
05/22/2009 05/27/2009 05/29/2009 0.01400 0.01400 - - -
04/24/2009 04/28/2009 04/30/2009 0.01700 0.01700 - - -
03/25/2009 03/27/2009 03/31/2009 0.01700 0.01700 - - -
02/23/2009 02/25/2009 02/27/2009 0.02300 0.02300 - - -
01/26/2009 01/28/2009 01/30/2009 0.03100 0.03100 - - -
12/24/2008 12/29/2008 12/31/2008 0.16800 0.04800 - - 0.12000
11/21/2008 11/25/2008 11/28/2008 0.04800 0.04800 - - -
10/27/2008 10/29/2008 10/31/2008 0.08000 0.08000 - - -
09/24/2008 09/26/2008 09/30/2008 0.08100 0.08100 - - -
08/25/2008 08/27/2008 08/29/2008 0.07300 0.07300 - - -
07/25/2008 07/29/2008 07/31/2008 0.07700 0.07700 - - -
06/24/2008 06/26/2008 06/30/2008 0.08100 0.08100 - - -
05/23/2008 05/28/2008 05/30/2008 0.07800 0.07800 - - -
04/24/2008 04/28/2008 04/30/2008 0.08500 0.08500 - - -
03/25/2008 03/27/2008 03/31/2008 0.13500 0.13500 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2019 61 29 0 0 0 0 0
12/31/2018 63 56 0 0 0 0 0
09/30/2018 63 41 0 0 0 0 0
06/30/2018 64 31 0 0 0 0 0
Year Ended 2018 251 143 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2019 61 32 0 0 0 0 0
12/31/2018 63 7 0 0 0 0 0
09/30/2018 63 22 0 0 0 0 0
06/30/2018 64 33 0 0 0 0 0
Year Ended 2018 251 108 0 0 0 0 0

Fund Inception: 02/12/2008

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

† Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular sector, such as financial, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

Mortgage- and asset-backed securities, which are subject to call (prepayment) risk, reinvestment risk and extension risk. These securities are also susceptible to an unexpectedly high rate of defaults on the mortgages held by a mortgage pool, which may adversely affect their value. The risk of such defaults depends on the quality of the mortgages underlying such security, the credit quality of its issuer or guarantor, and the nature and structure of its credit support.

Dollar roll transactions involve the risk that the market value and yield may decline below the price of the mortgage-related securities that have been sold and are required to be repurchased.

Risks of collateralized loan obligations include the possibility that distributions from collateral securities will not be adequate to make interest or other payments, the quality of the collateral may decline in value or default, the collateralized loan obligations may be subordinate to other classes, values may be volatile, and disputes with the issuer may produce unexpected investment results.

Commercial paper is an unsecured, short-term debt instrument issued by a corporation. Maturities on commercial paper rarely exceed 270 days; it's usually issued at a discount, reflecting prevailing market interest rates.

If the seller of a repurchase agreement defaults on its obligation or declares bankruptcy, delays in selling the securities underlying the repurchase agreement may be experienced, resulting in losses.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Because the Fund may invest in other investment companies, it's subject to the risks associated with the investment company and its investment performance may depend on the underlying investment company's performance. Moreover, the Fund and its shareholders will incur its pro rata share of the underlying investment companies' expenses, which will reduce the Fund's performance, and the purchase of shares of some investment companies.

Municipal securities are subject to the risk that legislative or economic conditions could affect an issuer's ability to make payments of principal and/ or interest.

Income generated from the Fund is based primarily on prevailing interest rates, which can vary widely over the short- and long-term. If interest rates drop, the Fund's income may drop as well. During periods of rising interest rates, an issuer may exercise its right to pay principal on an obligation later than expected, resulting in a decrease in the value of the obligation and in a decline in the Fund's income.

An issuer's ability to prepay principal prior to maturity can limit the Fund's potential gains. Prepayments may require the Fund to replace the loan or debt security with a lower yielding security, adversely affecting the Fund's yield.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund's ability to recover should they default.

The ICE BofAML US Treasury Bill Index tracks the performance of US dollar denominated US Treasury Bills publicly issued in the US domestic market.

The Bloomberg Barclays 1-3 Month U.S. Treasury Bill Index is an unmanaged index considered representative of short-term US government debt instruments.

as of 07/22/2019
11:45 AM EST

GSY
Intraday Stats

  • Last Trade $50.34
  • Current IIV $50.34
  • Change -$0.12
  • % Change -0.24%
as of 07/19/2019
  • NAV at market close $50.45

as of 07/19/2019

Fund Yield

  • SEC 30 Day Yield 2.58%
  • Distribution Rate 2.83%
  • 12 Month Distribution Rate 2.61%
  • 30-Day SEC Unsubsidized Yield
    as of 07/19/2019
    2.58%
as of 07/19/2019

Prior Close

  • Closing Price $50.46
  • Bid/Ask Midpoint $50.46
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.02%
as of 07/19/2019

Fund Characteristics

  • Effective Duration 0.48 yrs
  • Modified Duration 0.54 yrs
  • Yield to Maturity 2.60%
  • Yield to Worst 2.56%
  • Weighted Avg Life 1.20
  • Weighted Avg Coupon 2.53%
  • Weighted Premium/Discount -20.88%
  • Weighted Avg Price
    as of 07/19/2019
    0.00

Fund Details

  • Fund Ticker GSY
  • CUSIP # 46090A887
  • ISIN US46090A8870
  • Intraday NAV GSYIV
  • Management Fee 0.20%
  • Total Expense Ratio 0.25%
  • Options No
  • Exchange NYSE Arca
  • Inception Date 02/12/2008
  • # of Holdings 284
    as of 07/19/2019
as of 07/22/2019

Quick Facts

  • Previous Close $50.46
  • Open $50.36
  • Today's High $50.36
  • Today's Low $50.34
  • Today's Volume 107,980
  • 377,910 30-Day Avg Trading
    Volume
  • 52 Week High $50.48
  • 52 Week Low $50.02
  • Shares Outstanding 47.20MM
  • Market Value $2,381.4MM