The Invesco Short Term Treasury ETF (Fund) is based on the ICE U.S. Treasury Short Bond Index (Index). The Fund will invest at least 80% of its total assets in the components of the Index. The Index measures the performance of US Treasury Obligations with a maximum remaining term to maturity of 12 months. The Fund is not a money market fund and does not attempt to maintain a stable net asset value (NAV). The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted monthly.
Effective after the close of markets on Aug. 25, 2023, the Fund’s name and ticker changed from Invesco Treasury Collateral ETF (ticker: CLTL) to Invesco Short Term Treasury ETF (ticker: TBLL). No other changes were made to the Fund. See the prospectus for more information.
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|ICE U.S. Treasury Short Bond Index||3.11||4.08||1.41||1.67||N/A||1.55|
|Fund History (%)|
|After Tax Held||1.81||2.31||0.76||0.95||N/A||0.87|
|After Tax Sold||1.77||2.32||0.78||0.95||N/A||0.87|
|Fund Market Price||3.07||4.03||1.40||1.62||N/A||1.50|
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|ICE U.S. Treasury Short Bond Index||2.22||3.40||1.13||1.57||N/A||1.45|
|Fund History (%)|
|After Tax Held||1.31||1.87||0.59||0.84||N/A||0.82|
|After Tax Sold||1.27||1.92||0.62||0.87||N/A||0.82|
|Fund Market Price||2.19||3.33||1.11||1.52||N/A||1.40|
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.
Growth of $10,000
Data beginning Fund inception and ending 06/30/2023. 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.
Quality Allocations† as of 09/28/2023
|AAA : 0%||Aaa : 100%|
|AA : 100%||Aa : 0%|
|Years||% of Fund|
|0 - 1 years||99.24|
|1 - 5 years||0.76|
|5 - 10 years||0.00|
|10 - 15 years||0.00|
|15 - 20 years||0.00|
|20 - 25 years||0.00|
|25 years and over||0.00|
as of 09/28/2023 Top Fixed-Income Holdings | View All
|Holding Name||Coupon Rate||Maturity Date||Next Call Date||S&P / Moody's Rating†||Weight|
|United States Treasury Note/Bond||0.50%||11/30/2023||N/A||AA+u/Aaa||2.94%|
|United States Treasury Note/Bond||0.12%||12/15/2023||N/A||AA+u/Aaa||2.60%|
|United States Treasury Bill||0.00%||11/02/2023||N/A||AA+u/Aaa||2.50%|
|United States Treasury Note/Bond||0.25%||11/15/2023||N/A||AA+u/Aaa||2.50%|
|United States Treasury Note/Bond||2.75%||11/15/2023||N/A||AA+u/Aaa||2.38%|
|United States Treasury Note/Bond||0.12%||01/15/2024||N/A||AA+u/Aaa||2.24%|
|United States Treasury Note/Bond||2.88%||11/30/2023||N/A||AA+u/Aaa||2.24%|
|United States Treasury Note/Bond||2.12%||11/30/2023||N/A||AA+u/Aaa||2.16%|
|United States Treasury Note/Bond||2.25%||01/31/2024||N/A||AA+u/Aaa||1.92%|
|United States Treasury Bill||0.00%||11/28/2023||N/A||AA+u/Aaa||1.88%|
Holdings are subject to change and are not buy/sell recommendations.
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. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying 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.
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.
Treasury securities are backed by the full faith and credit of the US government as to the timely payment of principal and interest. Although the Fund may hold securities that carry U.S. Government guarantees, these guarantees do not extend to Shares of the Fund.
The Fund's use of a representative sampling approach will result in its holding a smaller number of bonds than are in the underlying Index, and may be subject to greater volatility.
Reinvestment risk is the risk that a bond's cash flows (coupon income and principal repayment) will be reinvested at an interest rate below that on the original bond.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Fund is not a money market fund and does not attempt to maintain a stable net asset value ("NAV").
During periods of reduced market volatility or in the absence of readily available market quotations for the holdings of the Fund, the ability of the Fund to value its holdings becomes more difficult and the judgment of the Sub-Adviser may play a greater role in the valuation of the Fund's holdings due to reduced availability of reliable objective pricing data.
ICE Data Indices, LLC, is used with permission. ICE U.S. Treasury Short Bond IndexTM (“Index”) is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed for use by Invesco Capital Management LLC, in connection with the Invesco Treasury Collateral ETF (the “Product”). Neither Invesco Capital Management LLC, Invesco Exchange-Traded Fund Trust II nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.
ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM (“INDEX DATA”). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK.