CLTL - Invesco Treasury Collateral ETF

Fixed Income - US Fixed Income

Product Details

The Invesco Treasury Collateral ETF (the "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.

as of 03/31/2020

Morningstar Rating

Overall Rating - Ultrashort Bond Category

As of 03/31/2020 the Fund had an overall rating of 5 stars out of 164 funds and was rated 5 stars out of 164 funds, N/A stars out of N/A funds and N/A stars out of N/A 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 03/31/2020 03/31/2020

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
ICE U.S. Treasury Short Bond Index 0.88 2.69 1.98 N/A N/A 1.87
Fund History (%)
Fund NAV 0.90 2.65 1.90 N/A N/A 1.80
After Tax Held 0.73 1.80 1.19 N/A N/A 1.13
After Tax Sold 0.53 1.57 1.14 N/A N/A 1.08
Fund Market Price 0.90 2.65 1.90 N/A N/A 1.79
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
ICE U.S. Treasury Short Bond Index 0.88 2.69 1.98 N/A N/A 1.87
Fund History (%)
Fund NAV 0.90 2.65 1.90 N/A N/A 1.80
After Tax Held 0.73 1.80 1.19 N/A N/A 1.13
After Tax Sold 0.53 1.57 1.14 N/A N/A 1.08
Fund Market Price 0.90 2.65 1.90 N/A N/A 1.79

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 of 03/31/2020

Growth of $10,000

Data beginning Fund inception and ending 03/31/2020. 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 01/15/2019

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value -
Mid-Cap Blend -
Mid-Cap Growth -
Small-Cap Value -
Small-Cap Blend 100.00%
Small-Cap Growth -

Quality Allocations as of 04/08/2020

S&P Moody's
AAA : 0% Aaa : 100%
AA : 100% Aa : 0%

Cash is excluded from the credit rating quality allocations table.

as of 04/08/2020

Maturity

Years % of Fund
0 - 1 years 100.00
1 - 5 years 0.00
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 04/08/2020 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 1.38% 10/31/2020 N/A AA+u/Aaa 3.16%
United States Treasury Bill 0.00% 04/23/2020 N/A AA+u/Aaa 2.87%
United States Treasury Bill 0.00% 05/21/2020 N/A AA+u/Aaa 2.55%
United States Treasury Note/Bond 2.62% 08/31/2020 N/A AA+u/Aaa 2.54%
United States Treasury Note/Bond 2.00% 09/30/2020 N/A AA+u/Aaa 2.47%
United States Treasury Note/Bond 2.62% 08/15/2020 N/A AA+u/Aaa 2.46%
United States Treasury Note/Bond 2.00% 02/28/2021 N/A AA+u/Aaa 2.43%
United States Treasury Note/Bond 1.38% 09/15/2020 N/A AA+u/Aaa 2.35%
United States Treasury Note/Bond 2.88% 10/31/2020 N/A AA+u/Aaa 2.34%
United States Treasury Note/Bond 1.75% 10/31/2020 N/A AA+u/Aaa 2.32%

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

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
03/23/2020 03/24/2020 03/31/2020 0.13659 0.13659 - - - -
02/24/2020 02/25/2020 02/28/2020 0.14359 0.14359 - - - -
01/21/2020 01/22/2020 01/31/2020 0.15971 0.15971 - - - -
12/23/2019 12/24/2019 12/31/2019 0.18113 0.16601 0.01473 0.00039 - -
11/18/2019 11/19/2019 11/29/2019 0.17338 0.17338 - - - -
10/21/2019 10/22/2019 10/31/2019 0.18772 0.18772 - - - -
09/23/2019 09/24/2019 09/30/2019 0.18642 0.18642 - - - -
08/19/2019 08/20/2019 08/30/2019 0.18630 0.18630 - - - -
07/22/2019 07/23/2019 07/31/2019 0.21046 0.21046 - - - -
06/24/2019 06/25/2019 06/28/2019 0.20669 0.20669 - - - -
05/20/2019 05/21/2019 05/31/2019 0.22046 0.22046 - - - -
04/22/2019 04/23/2019 04/30/2019 0.20555 0.20555 - - - -
03/18/2019 03/19/2019 03/29/2019 0.21137 0.21137 - - - -
02/19/2019 02/20/2019 02/28/2019 0.19354 - - - - -
01/22/2019 01/23/2019 01/31/2019 0.20431 0.20431 - - - -
12/24/2018 12/26/2018 12/31/2018 0.28193 0.28193 - - - -
11/19/2018 11/20/2018 11/30/2018 0.16881 0.16881 - - - -
10/22/2018 10/23/2018 10/31/2018 0.15604 0.15604 - - - -
09/24/2018 09/25/2018 09/28/2018 0.18755 0.18755 - - - -
08/20/2018 08/21/2018 08/31/2018 0.98701 0.98701 - - - -
12/18/2017 12/19/2017 12/29/2017 0.74684 0.74684 - - - -

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%
03/31/2020 62 56 0 0 0 0 0
12/31/2019 64 61 0 0 0 0 0
09/30/2019 64 63 0 0 0 0 0
06/30/2019 63 62 0 0 0 0 0
Year Ended 2019 252 247 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%
03/31/2020 62 6 0 0 0 0 0
12/31/2019 64 3 0 0 0 0 0
09/30/2019 64 1 0 0 0 0 0
06/30/2019 63 1 0 0 0 0 0
Year Ended 2019 252 5 0 0 0 0 0

Fund Inception : 01/12/2017

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

† 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.

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.

as of 04/08/2020
4:15 PM EST

CLTL
Intraday Stats

  • Last Trade $106.08
  • Current IIV $106.04
  • Change $0.01
  • % Change 0.01%
as of 04/08/2020
  • NAV at 12:00 pm ET $106.03
  • NAV at market close $106.02
as of 04/08/2020

Fund Yield

  • SEC 30 Day Yield 0.46%
  • Distribution Rate 1.55%
  • 12 Month Distribution Rate 2.05%
  • 30-Day SEC Unsubsidized Yield
    as of 04/08/2020
    0.47%
as of 04/08/2020

Prior Close

  • Closing Price $106.07
  • Bid/Ask Midpoint $106.05
  • Bid/Ask Prem/Disc $0.03
  • Bid/Ask Prem/Disc 0.03%
as of 04/03/2020

Fund Characteristics

  • Effective Duration 0.38 yrs
  • Modified Duration 0.38 yrs
  • Yield to Maturity 0.22%
  • Yield to Worst 0.22%
  • Years to Maturity 0.38
  • Weighted Avg Life 0.38
  • Weighted Avg Coupon 1.27%
  • Weighted Premium/Discount 0.58%
  • Weighted Avg Price
    as of 04/07/2020
    100.58
  • Strip Yield 1.94%

Fund Details

  • Fund Ticker CLTL
  • CUSIP # 46138G888
  • ISIN US46138G8886
  • Intraday NAV CLTLIV
  • Index Ticker IDCOTS
  • Index Provider ICE
  • Management Fee 0.08%
  • Total Expense Ratio 0.08%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE
  • Inception Date 01/12/2017
  • NAIC Designation Preliminary 1 as of 09/20/2018

    SVO Disclosure

    The Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) assigns credit quality designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality. “P” is a valuation indicator used to classify perpetual preferred stock. NAIC designations allow ETFs to be reported as bonds or preferred stock (as appropriate) on NAIC Schedule D and are used to set Risk-Based Capital (RBC) requirements. NAIC designations only measure credit risk and do not measure other risks or factors that may affect repayment, such as volatility/interest rate, prepayment, extension or liquidity risk. Refer to official NAIC publication and guidance for official NAIC policies and definitions.

    Preliminary NAIC Designation Disclosure:

    Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designations is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service. A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Invesco PowerShares Capital Management LLC. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

    Official NAIC Designation Disclosure:

    NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Securities Valuation Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

  • # of Holdings 66
    as of 04/08/2020
as of 04/08/2020

Quick Facts

  • Previous Close $106.07
  • Open $106.16
  • Today's High $106.16
  • Today's Low $106.01
  • Today's Volume 58,890
  • 116,612 30-Day Avg Trading
    Volume
  • 52 Week High $109.26
  • 52 Week Low $105.41
  • Shares Outstanding 7.85MM
  • Market Value $832.2MM