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Fixed Income | International and Global Fixed Income

Invesco Ultra Short Duration ETF

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  • Invesco 1-30 Laddered Treasury ETF
  • Invesco Active U.S. Real Estate ETF
  • Invesco Aerospace & Defense ETF
  • Invesco BLDRS Emerging Markets 50 ADR Index Fund
  • Invesco Balanced Multi-Asset Allocation ETF
  • Invesco BulletShares 2019 Corporate Bond ETF
  • Invesco BulletShares 2019 High Yield Corporate Bond ETF
  • Invesco BulletShares 2020 Corporate Bond ETF
  • Invesco BulletShares 2020 High Yield Corporate Bond ETF
  • Invesco BulletShares 2021 Corporate Bond ETF
  • Invesco BulletShares 2021 High Yield Corporate Bond ETF
  • Invesco BulletShares 2021 Municipal Bond ETF
  • Invesco BulletShares 2021 USD Emerging Markets Debt ETF
  • Invesco BulletShares 2022 Corporate Bond ETF
  • Invesco BulletShares 2022 High Yield Corporate Bond ETF
  • Invesco BulletShares 2022 Municipal Bond ETF
  • Invesco BulletShares 2022 USD Emerging Markets Debt ETF
  • Invesco BulletShares 2023 Corporate Bond ETF
  • Invesco BulletShares 2023 High Yield Corporate Bond ETF
  • Invesco BulletShares 2023 Municipal Bond ETF
  • Invesco BulletShares 2023 USD Emerging Markets Debt ETF
  • Invesco BulletShares 2024 Corporate Bond ETF
  • Invesco BulletShares 2024 High Yield Corporate Bond ETF
  • Invesco BulletShares 2024 Municipal Bond ETF
  • Invesco BulletShares 2024 USD Emerging Markets Debt ETF
  • Invesco BulletShares 2025 Corporate Bond ETF
  • Invesco BulletShares 2025 High Yield Corporate Bond ETF
  • Invesco BulletShares 2025 Municipal Bond ETF
  • Invesco BulletShares 2026 Corporate Bond ETF
  • Invesco BulletShares 2026 High Yield Corporate Bond ETF
  • Invesco BulletShares 2026 Municipal Bond ETF
  • Invesco BulletShares 2027 Corporate Bond ETF
  • Invesco BulletShares 2027 High Yield Corporate Bond ETF
  • Invesco BulletShares 2027 Municipal Bond ETF
  • Invesco BulletShares 2028 Corporate Bond ETF
  • Invesco BulletShares 2028 High Yield Corporate Bond ETF
  • Invesco BulletShares 2028 Municipal Bond ETF
  • Invesco BulletShares 2029 Corporate Bond ETF
  • Invesco BulletShares 2029 Municipal Bond ETF
  • Invesco BulletShares 2030 Corporate Bond ETF
  • Invesco BulletShares 2030 Municipal Bond ETF
  • Invesco BuyBack Achievers ETF
  • Invesco CEF Income Composite ETF
  • Invesco California AMT-Free Municipal Bond ETF
  • Invesco China Technology ETF
  • Invesco Cleantech ETF
  • Invesco Conservative Multi-Asset Allocation ETF
  • Invesco CurrencyShares Australian Dollar Trust
  • Invesco CurrencyShares British Pound Sterling Trust
  • Invesco CurrencyShares Canadian Dollar Trust
  • Invesco CurrencyShares Euro Trust
  • Invesco CurrencyShares Japanese Yen Trust
  • Invesco CurrencyShares Swiss Franc Trust
  • Invesco DB Agriculture Fund
  • Invesco DB Base Metals Fund
  • Invesco DB Commodity Index Tracking Fund
  • Invesco DB Energy Fund
  • Invesco DB G10 Currency Harvest Fund
  • Invesco DB Gold Fund
  • Invesco DB Oil Fund
  • Invesco DB Precious Metals Fund
  • Invesco DB Silver Fund
  • Invesco DB US Dollar Index Bearish Fund
  • Invesco DB US Dollar Index Bullish Fund
  • Invesco DWA Basic Materials Momentum ETF
  • Invesco DWA Consumer Cyclicals Momentum ETF
  • Invesco DWA Consumer Staples Momentum ETF
  • Invesco DWA Developed Markets Momentum ETF
  • Invesco DWA Emerging Markets Momentum ETF
  • Invesco DWA Energy Momentum ETF
  • Invesco DWA Financial Momentum ETF
  • Invesco DWA Healthcare Momentum ETF
  • Invesco DWA Industrials Momentum ETF
  • Invesco DWA Momentum ETF
  • Invesco DWA SmallCap Momentum ETF
  • Invesco DWA Technology Momentum ETF
  • Invesco DWA Utilities Momentum ETF
  • Invesco Defensive Equity ETF
  • Invesco Dividend Achievers ETF
  • Invesco Dow Jones Industrial Average Dividend ETF
  • Invesco Dynamic Biotechnology & Genome ETF
  • Invesco Dynamic Building & Construction ETF
  • Invesco Dynamic Energy Exploration & Production ETF
  • Invesco Dynamic Food & Beverage ETF
  • Invesco Dynamic Large Cap Growth ETF
  • Invesco Dynamic Large Cap Value ETF
  • Invesco Dynamic Leisure and Entertainment ETF
  • Invesco Dynamic Market ETF
  • Invesco Dynamic Media ETF
  • Invesco Dynamic Networking ETF
  • Invesco Dynamic Oil & Gas Services ETF
  • Invesco Dynamic Pharmaceuticals ETF
  • Invesco Dynamic Semiconductors ETF
  • Invesco Dynamic Software ETF
  • Invesco Emerging Markets Sovereign Debt ETF
  • Invesco FTSE International Low Beta Equal Weight ETF
  • Invesco FTSE RAFI Developed Markets ex-U.S. ETF
  • Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF
  • Invesco FTSE RAFI Emerging Markets ETF
  • Invesco FTSE RAFI US 1000 ETF
  • Invesco FTSE RAFI US 1500 Small-Mid ETF
  • Invesco Financial Preferred ETF
  • Invesco Fundamental High Yield Corporate Bond ETF
  • Invesco Fundamental Investment Grade Corporate Bond ETF
  • Invesco Global Clean Energy ETF
  • Invesco Global Listed Private Equity ETF
  • Invesco Global Short Term High Yield Bond ETF
  • Invesco Global Water ETF
  • Invesco Golden Dragon China ETF
  • Invesco Growth Multi-Asset Allocation ETF
  • Invesco High Yield Bond Factor ETF
  • Invesco High Yield Equity Dividend Achievers ETF
  • Invesco India ETF
  • Invesco International BuyBack Achievers ETF
  • Invesco International Corporate Bond ETF
  • Invesco International Dividend Achievers ETF
  • Invesco Investment Grade Defensive ETF
  • Invesco Investment Grade Value ETF
  • Invesco KBW Bank ETF
  • Invesco KBW High Dividend Yield Financial ETF
  • Invesco KBW Premium Yield Equity REIT ETF
  • Invesco KBW Property & Casualty Insurance ETF
  • Invesco KBW Regional Banking ETF
  • Invesco MSCI Global Timber ETF
  • Invesco Moderately Conservative Multi-Asset Allocation ETF
  • Invesco NASDAQ 100 ETF
  • Invesco NASDAQ Internet ETF
  • Invesco NASDAQ Next Gen 100 ETF
  • Invesco National AMT-Free Municipal Bond ETF
  • Invesco New York AMT-Free Municipal Bond ETF
  • Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
  • Invesco Preferred ETF
  • Invesco PureBeta 0-5 Yr US TIPS ETF
  • Invesco PureBeta FTSE Developed ex-North America ETF
  • Invesco PureBeta FTSE Emerging Markets ETF
  • Invesco PureBeta MSCI USA ETF
  • Invesco PureBeta MSCI USA Small Cap ETF
  • Invesco PureBeta US Aggregate Bond ETF
  • Invesco QQQ
  • Invesco RAFI Strategic Developed ex-US ETF
  • Invesco RAFI Strategic Developed ex-US Small Company ETF
  • Invesco RAFI Strategic Emerging Markets ETF
  • Invesco RAFI Strategic US ETF
  • Invesco RAFI Strategic US Small Company ETF
  • Invesco Raymond James SB-1 Equity ETF
  • Invesco Russell 1000 Dynamic Multifactor ETF
  • Invesco Russell 1000 Enhanced Equal Weight ETF
  • Invesco Russell 1000 Equal Weight ETF
  • Invesco Russell 1000 Low Beta Equal Weight ETF
  • Invesco Russell 2000 Dynamic Multifactor ETF
  • Invesco S&P 100 Equal Weight ETF
  • Invesco S&P 500 BuyWrite ETF
  • Invesco S&P 500 Downside Hedged ETF
  • Invesco S&P 500 Enhanced Value ETF
  • Invesco S&P 500 Equal Weight Communication Services ETF
  • Invesco S&P 500 Equal Weight Consumer Discretionary ETF
  • Invesco S&P 500 Equal Weight Consumer Staples ETF
  • Invesco S&P 500 Equal Weight ETF
  • Invesco S&P 500 Equal Weight Energy ETF
  • Invesco S&P 500 Equal Weight Financials ETF
  • Invesco S&P 500 Equal Weight Health Care ETF
  • Invesco S&P 500 Equal Weight Industrials ETF
  • Invesco S&P 500 Equal Weight Materials ETF
  • Invesco S&P 500 Equal Weight Real Estate ETF
  • Invesco S&P 500 Equal Weight Technology ETF
  • Invesco S&P 500 Equal Weight Utilities ETF
  • Invesco S&P 500 GARP ETF
  • Invesco S&P 500 High Beta ETF
  • Invesco S&P 500 High Dividend Low Volatility ETF
  • Invesco S&P 500 Low Volatility ETF
  • Invesco S&P 500 Minimum Variance ETF
  • Invesco S&P 500 Momentum ETF
  • Invesco S&P 500 Pure Growth ETF
  • Invesco S&P 500 Pure Value ETF
  • Invesco S&P 500 Quality ETF
  • Invesco S&P 500 Revenue ETF
  • Invesco S&P 500 Top 50 ETF
  • Invesco S&P 500 Value with Momentum ETF
  • Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
  • Invesco S&P Emerging Markets Low Volatility ETF
  • Invesco S&P Emerging Markets Momentum ETF
  • Invesco S&P Global Water Index ETF
  • Invesco S&P International Developed High Dividend Low Volatility ETF
  • Invesco S&P International Developed Low Volatility ETF
  • Invesco S&P International Developed Momentum ETF
  • Invesco S&P International Developed Quality ETF
  • Invesco S&P MidCap 400 Equal Weight ETF
  • Invesco S&P MidCap 400 Pure Growth ETF
  • Invesco S&P MidCap 400 Pure Value ETF
  • Invesco S&P MidCap 400 Revenue ETF
  • Invesco S&P MidCap Low Volatility ETF
  • Invesco S&P MidCap Momentum ETF
  • Invesco S&P MidCap Quality ETF
  • Invesco S&P MidCap Value with Momentum ETF
  • Invesco S&P SmallCap 600 Equal Weight ETF
  • Invesco S&P SmallCap 600 Pure Growth ETF
  • Invesco S&P SmallCap 600 Pure Value ETF
  • Invesco S&P SmallCap 600 Revenue ETF
  • Invesco S&P SmallCap Consumer Discretionary ETF
  • Invesco S&P SmallCap Consumer Staples ETF
  • Invesco S&P SmallCap Energy ETF
  • Invesco S&P SmallCap Financials ETF
  • Invesco S&P SmallCap Health Care ETF
  • Invesco S&P SmallCap High Dividend Low Volatility ETF
  • Invesco S&P SmallCap Industrials ETF
  • Invesco S&P SmallCap Information Technology ETF
  • Invesco S&P SmallCap Low Volatility ETF
  • Invesco S&P SmallCap Materials ETF
  • Invesco S&P SmallCap Momentum ETF
  • Invesco S&P SmallCap Quality ETF
  • Invesco S&P SmallCap Utilities & Communication Services ETF
  • Invesco S&P SmallCap Value with Momentum ETF
  • Invesco S&P Spin-Off ETF
  • Invesco S&P Ultra Dividend Revenue ETF
  • Invesco Senior Loan ETF
  • Invesco Solar ETF
  • Invesco Taxable Municipal Bond ETF
  • Invesco Total Return Bond ETF
  • Invesco Treasury Collateral ETF
  • Invesco Ultra Short Duration ETF
  • Invesco VRDO Tax-Free Weekly ETF
  • Invesco Variable Rate Investment Grade ETF
  • Invesco Variable Rate Preferred ETF
  • Invesco Water Resources ETF
  • Invesco WilderHill Clean Energy ETF
  • Invesco Zacks Mid-Cap ETF
  • Invesco Zacks Multi-Asset Income ETF

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 10/31/2020

Morningstar Rating

Overall Rating - Ultrashort Bond Category

As of 10/31/2020 the Fund had an overall rating of 4 stars out of 170 funds and was rated 4 stars out of 170 funds, 4 stars out of 130 funds and 4 stars out of 61 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. ©2020 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 10/31/2020 09/30/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
ICE BofAML US Treasury Bill Index 0.72 0.99 1.70 1.22 0.66 0.71
Fund History (%)
Fund NAV 1.65 2.01 2.48 2.18 1.56 1.36
After Tax Held 1.11 1.28 1.50 1.36 0.97 0.84
After Tax Sold 0.97 1.19 1.48 1.31 0.93 0.82
Fund Market Price 1.66 2.04 2.49 2.19 1.57 1.36
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
ICE BofAML US Treasury Bill Index 0.71 1.19 1.73 1.22 0.66 0.71
Fund History (%)
Fund NAV 1.57 2.20 2.51 2.18 1.55 1.36
After Tax Held 1.05 1.39 1.51 1.35 0.96 0.84
After Tax Sold 0.93 1.29 1.49 1.31 0.93 0.82
Fund Market Price 1.60 2.22 2.52 2.17 1.56 1.36

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 09/30/2020

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2020. 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 12/02/2020

Sector Allocation

Sector Percent of Fund
Financials 26.14%
Energy 11.87%
Consumer Discretionary 9.36%
UnClassified 6.96%
Health Care 6.86%
NonAgy ARM, Pass Thru, CMO, CMBS 6.72%
Utilities 5.97%
REPO 5.69%
U.S. Government Securities 4.26%
Industrials 3.72%
Information Technology 3.43%
Consumer Staples 2.67%
Sovereign Debt 1.75%
Materials 1.62%
Real Estate 1.51%
Communication Services 1.16%
CMOs 0.31%
as of 12/02/2020

Top Country Allocation

Country Percentage
United States 70.88%
Germany 5.06%
Japan 4.48%
Cayman Islands 4.14%
Canada 4.09%
United Kingdom 2.79%
France 2.58%
Australia 1.92%
Italy 1.20%
Switzerland 1.20%

Quality Allocations as of 12/02/2020

S&P Moody's
AAA : 9% Aaa : 9%
AA : 9% Aa : 7%
A : 27% A : 31%
BBB : 36% Baa : 30%
BB : 0% Ba : 0%
B : 0% B : 0%
CCC : 0% Caa : 0%
Not Rated : 17% Not Rated : 19%

Cash is excluded from the credit rating quality allocations table.

as of 12/02/2020

Maturity

Years % of Fund
0 - 1 years 53.34
1 - 5 years 31.82
5 - 10 years 4.14
10 - 15 years 1.30
15 - 20 years 0.29
20 - 25 years 0.00
25 years and over 9.11

as of 12/02/2020 Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date S&P / Moody's Rating† Weight
ETP Legacy LP 0.00% 12/03/2020 N/A NR/NR 1.95%
Japan Treasury Discount Bill 0.00% 01/25/2021 N/A A+u/NR 1.75%
Citigroup Global Markets Inc 0.71% 12/01/2059 N/A A+/A1 1.60%
SOCIETE GENERALE (PARIS BRANCH) 0.75% 04/22/2021 N/A A/A1 1.60%
United States Treasury Bill 0.00% 02/04/2021 N/A AA+u/Aaa 1.50%
Enable Midstream Partners LP 0.00% 12/09/2020 N/A BBB-/Baa3 1.12%
HSBC USA Inc 0.00% 02/01/2021 N/A A-/A2 1.12%
Bayer US Finance II LLC 3.88% 12/15/2023 11/15/2023 BBB/Baa1 1.05%
United States Treasury Bill 0.00% 07/15/2021 N/A AA+u/Aaa 1.04%
Marathon Petroleum Corp 0.00% 12/09/2020 N/A BBB/Baa2 1.01%

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

The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
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 - - - -

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%
09/30/2020 64 57 0 0 0 0 0
06/30/2020 63 41 0 0 0 0 0
03/31/2020 62 31 0 0 0 0 0
12/31/2019 64 45 0 0 0 0 0
Year Ended 2019 252 144 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%
09/30/2020 64 7 0 0 0 0 0
06/30/2020 63 22 0 0 0 0 0
03/31/2020 62 20 3 2 3 2 1
12/31/2019 64 19 0 0 0 0 0
Year Ended 2019 252 108 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.

Premiums/Discounts

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

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.

The Fund may invest in privately issued securities, including 144A securities which are restricted (i.e. not publicly traded). The liquidity market for Rule 144A securities may vary, as a result, delay or difficulty in selling such securities may result in a loss to the Fund.

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.

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 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.