

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.
Morningstar Rating ™
Overall Rating - Ultrashort Bond CategoryAs of 08/31/2023 the Fund had an overall rating of 4 stars out of 204 funds and was rated 3 stars out of 204 funds, 4 stars out of 183 funds and 4 stars out of 96 funds for the 3-, 5- and 10- year periods, respectively.
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. ©2023 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.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
ICE BofAML US Treasury Bill Index | 3.16 | 4.24 | 1.52 | 1.67 | 1.08 | 0.87 |
Fund History (%) | ||||||
Fund NAV | 3.59 | 4.37 | 1.31 | 1.87 | 1.70 | 1.35 |
After Tax Held | 2.39 | 2.71 | 0.57 | 1.03 | 0.96 | 0.79 |
After Tax Sold | 2.12 | 2.56 | 0.68 | 1.07 | 0.98 | 0.80 |
Fund Market Price | 3.55 | 4.37 | 1.31 | 1.88 | 1.70 | 1.36 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
ICE BofAML US Treasury Bill Index | 2.28 | 3.59 | 1.24 | 1.56 | 1.00 | 0.83 |
Fund History (%) | ||||||
Fund NAV | 2.52 | 3.66 | 1.10 | 1.76 | 1.63 | 1.30 |
After Tax Held | 1.67 | 2.25 | 0.45 | 0.94 | 0.91 | 0.75 |
After Tax Sold | 1.49 | 2.16 | 0.56 | 1.00 | 0.93 | 0.76 |
Fund Market Price | 2.43 | 3.64 | 1.06 | 1.76 | 1.61 | 1.30 |
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.
Growth of $10,000
Data beginning 10 years prior to the ending date of 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.
Sector Allocation
Sector | Percent of Fund |
---|---|
Financials | 43.00% |
UnClassified | 13.62% |
Consumer Discretionary | 7.35% |
Health Care | 6.05% |
Utilities | 5.67% |
Energy | 5.52% |
NonAgy ARM, Pass Thru, CMO, CMBS | 3.38% |
Information Technology | 3.29% |
Materials | 2.95% |
Industrials | 2.94% |
Real Estate | 2.18% |
Communication Services | 1.99% |
Consumer Staples | 1.72% |
CMOs | 0.14% |
U.S. Agency Securities | 0.13% |
Investment Companies | 0.06% |
Cash | 0.02% |
Top Country Allocation
Country | Percentage |
---|---|
United States | 64.46% |
Canada | 11.57% |
Cayman Islands | 6.67% |
Germany | 4.28% |
United Kingdom | 3.22% |
Japan | 2.52% |
Australia | 2.42% |
Switzerland | 1.34% |
Sweden | 1.10% |
Ireland | 1.08% |
Quality Allocations† as of 09/26/2023
S&P | Moody's |
---|---|
AAA : 12% | Aaa : 7% |
AA : 4% | Aa : 7% |
A : 30% | A : 32% |
BBB : 36% | Baa : 35% |
B : 0% | B : 0% |
CCC : 0% | Caa : 0% |
A-3 : 1% | P-3 : 1% |
Not Rated : 16% | Not Rated : 18% |
Cash is excluded from the credit rating quality allocations table.
Maturity
Years | % of Fund |
---|---|
0 - 1 years | 48.85 |
1 - 5 years | 36.10 |
5 - 10 years | 8.43 |
10 - 15 years | 1.48 |
15 - 20 years | 0.00 |
20 - 25 years | 0.01 |
25 years and over | 5.14 |
as of 09/26/2023 Top Fixed-Income Holdings | View All
Holding Name | Coupon Rate | Maturity Date | Next Call Date | S&P / Moody's Rating† | Weight |
---|---|---|---|---|---|
Dollarama Inc | 0.00% | 10/05/2023 | N/A | BBB/Baa2 | 1.42% |
Harley-Davidson Financial Services Inc | 0.00% | 11/06/2023 | N/A | NR/Baa3 | 1.37% |
Mercedes-Benz Finance North America LLC | 6.18% | 03/30/2025 | N/A | A/A2 | 1.16% |
Canadian Natural Resources Ltd | 3.80% | 04/15/2024 | 01/15/2024 | BBB-/Baa1 | 1.11% |
Suncor Energy Inc | 0.00% | 10/03/2023 | N/A | BBB/Baa1 | 1.00% |
Cigna Group/The | 5.68% | 03/15/2026 | 03/15/2024 | A-/Baa1 | 0.99% |
Jackson National Life Global Funding | 5.50% | 01/09/2026 | N/A | A/A2 | 0.94% |
Oglethorpe Power Corp | 0.00% | 10/24/2023 | N/A | NR/Baa2 | 0.91% |
Enbridge Inc | 4.00% | 10/01/2023 | 10/01/2023 | BBB+/Baa1 | 0.87% |
Swedbank AB | 6.72% | 06/15/2026 | N/A | A+/Aa3 | 0.86% |
Holdings are subject to change and are not buy/sell recommendations.
Distributions | Hide View All | Distribution Information
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.21626 | 0.21626 | - | - | - | - |
08/21/2023 | 08/22/2023 | 08/25/2023 | 0.20315 | 0.20315 | - | - | - | - |
07/24/2023 | 07/25/2023 | 07/28/0203 | 0.20535 | 0.20535 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.18414 | 0.18414 | - | - | - | - |
05/22/2023 | 05/23/2023 | 05/26/2023 | 0.18495 | 0.18495 | - | - | - | - |
04/24/2023 | 04/25/2023 | 04/28/2023 | 0.18341 | 0.18341 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.18272 | 0.18272 | - | - | - | - |
02/21/2023 | 02/22/2023 | 02/24/2023 | 0.14111 | 0.14111 | - | - | - | - |
01/23/2023 | 01/24/2023 | 01/27/2023 | 0.14018 | 0.14018 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.21216 | 0.21216 | - | - | - | - |
11/21/2022 | 11/22/2022 | 11/25/2022 | 0.11024 | 0.11024 | - | - | - | - |
10/24/2022 | 10/25/2022 | 10/28/2022 | 0.11254 | 0.11254 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.09381 | 0.09381 | - | - | - | - |
08/22/2022 | 08/23/2022 | 08/26/2022 | 0.07294 | 0.07294 | - | - | - | - |
07/18/2022 | 07/19/2022 | 07/22/2022 | 0.05873 | 0.05873 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.04853 | 0.04853 | - | - | - | - |
05/23/2022 | 05/24/2022 | 05/31/2022 | 0.03813 | 0.03813 | - | - | - | - |
04/18/2022 | 04/19/2022 | 04/29/2022 | 0.02922 | 0.02922 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.02340 | 0.02340 | - | - | - | - |
02/22/2022 | 02/23/2022 | 02/28/2022 | 0.02000 | 0.02000 | - | - | - | - |
01/24/2022 | 01/25/2022 | 01/31/2022 | 0.02029 | 0.02029 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.02267 | 0.02267 | - | - | - | - |
11/22/2021 | 11/23/2021 | 11/30/2021 | 0.01966 | 0.01966 | - | - | - | - |
10/18/2021 | 10/19/2021 | 10/29/2021 | 0.01936 | 0.01936 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.01975 | 0.01975 | - | - | - | - |
08/23/2021 | 08/24/2021 | 08/31/2021 | 0.02059 | 0.02059 | - | - | - | - |
07/19/2021 | 07/20/2021 | 07/30/2021 | 0.02206 | 0.02206 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.02239 | 0.02239 | - | - | - | - |
05/24/2021 | 05/25/2021 | 05/28/2021 | 0.02492 | 0.02492 | - | - | - | - |
04/19/2021 | 04/20/2021 | 04/30/2021 | 0.02788 | 0.02788 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.03010 | 0.03010 | - | - | - | - |
02/22/2021 | 02/23/2021 | 02/26/2021 | 0.02950 | 0.02950 | - | - | - | - |
01/19/2021 | 01/20/2021 | 01/29/2021 | 0.03412 | 0.03412 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.04076 | 0.04076 | - | - | - | - |
11/23/2020 | 11/24/2020 | 11/30/2020 | 0.03452 | 0.03452 | - | - | - | - |
10/19/2020 | 10/20/2020 | 10/30/2020 | 0.02914 | 0.02914 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.02974 | 0.02974 | - | - | - | - |
08/24/2020 | 08/25/2020 | 08/31/2020 | 0.03766 | 0.03766 | - | - | - | - |
07/20/2020 | 07/21/2020 | 07/31/2020 | 0.05337 | 0.05337 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.06317 | 0.06317 | - | - | - | - |
05/18/2020 | 05/19/2020 | 05/29/2020 | 0.07908 | 0.07908 | - | - | - | - |
04/20/2020 | 04/21/2020 | 04/30/2020 | 0.08476 | 0.08476 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.08797 | 0.08797 | - | - | - | - |
02/24/2020 | 02/25/2020 | 02/28/2020 | 0.09160 | 0.09160 | - | - | - | - |
01/21/2020 | 01/22/2020 | 01/31/2020 | 0.10292 | 0.10292 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.12402 | 0.10821 | 0.00831 | 0.00750 | - | - |
11/18/2019 | 11/19/2019 | 11/29/2019 | 0.10781 | 0.10781 | - | - | - | - |
10/21/2019 | 10/22/2019 | 10/31/2019 | 0.11236 | 0.11236 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.10464 | 0.10464 | - | - | - | - |
08/19/2019 | 08/20/2019 | 08/30/2019 | 0.10135 | 0.10135 | - | - | - | - |
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 | - | - | - | - |
Distribution Information
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
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% |
06/30/2023 | 62 | 15 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 12 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 21 | 0 | 0 | 0 | 0 | 0 |
09/30/2022 | 64 | 18 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 78 | 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% |
06/30/2023 | 62 | 47 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 50 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 42 | 0 | 0 | 0 | 0 | 0 |
09/30/2022 | 64 | 46 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 173 | 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.
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.
Fund Documents
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.
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.
The investment techniques and risk analysis used by the portfolio managers may not produce the desired results.
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 Fund will invest in bonds with short-term maturity (one year or less) which may have additional risks, including interest rate changes over the life of the bond. The average maturity of the Fund's investments will affect the volatility of the Fund's share price.
The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.
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.
Issuers of sovereign debt or the governmental authorities that control repayment may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of default. Without debt holder approval, some governmental debtors may be able to reschedule or restructure their debt payments or declare moratoria on payments.
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.
The Fund’s income may decline when interest rates fall if it holds a significant portion of short duration securities and/or securities with floating or variable interest rates. If the Fund invests in lower yielding bonds, as the bond’s portfolio mature; the Fund will need to purchase additional bonds, thereby reducing its income.
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 credit research process utilized by the Fund to implement its investment strategy in pursuit of its investment objective considers factors that include, but are not limited to, an issuer's operations, capital structure and environmental, social and governance ("ESG") considerations. Credit quality analysis therefore may consider whether any ESG factors pose a material financial risk or opportunity to an issuer.
The Fund invests in financial instruments that use the London Interbank Offered Rate (“LIBOR”) as a reference or benchmark rate for variable interest rate calculations. LIBOR will be phased out by the end of 2021, and it's anticipated that LIBOR will cease to be published after that time. To assist with the transition, US dollar LIBOR rates will continue to be published until June 2023. There is uncertainty on the effects of the LIBOR transition process, therefore any impact of the LIBOR transition on the Fund or its investments cannot yet be determined. There is no assurance an alternative rate will be similar to, produce the same value or economic equivalence or instruments using the rate will have the same volume or liquidity as LIBOR. Any effects of LIBOR transition and the adoption of alternative rates could result in losses to the Fund.
Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.
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 1-3 Month U.S. Treasury Bill Index is an unmanaged index considered representative of short-term US government debt instruments.