Invesco Ultra Short Duration ETF
$49.91−0.02 (−0.04%)
- Expense ratio
- 0.22%
- Fund size
- $4.2B
- 1Y return
- +3.7%
- Yield · Last 12 months
- 4.22%
- Holdings
- 422
- Volume · 30D
- 0.8M sh
- NAV per share
- $49.95
- 52W range
The ETF.net GSY Grade
Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 29Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 69Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 92Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 88Category rank
Our read on GSY
BThe active one in a cash-parking aisle full of index trackers. GSY has been hand-picking short bonds since its 2008 launch, keeping duration under a year and aiming to earn more than Treasury bills, with income paid monthly.
GSY seeks maximum current income while preserving capital and providing daily liquidity. It is actively managed and invests in diversified fixed-income securities with portfolio duration below one year, seeking returns above cash equivalents.
Why people hold it
- Genuinely active, not an index clone: managers work across roughly 400 fixed-income positions with portfolio duration held below one year.
- Built for the boring job it advertises: maximum current income with capital preservation and daily liquidity, distributions paid monthly.
- A multi-billion-dollar, actively traded fund with a track record dating to 2008, and a diversified book that ranks in the upper half of its ultra-short bond cohort.
Worth knowing
- Active management comes at an active price: 0.22% a year, above the cohort median of 0.20% and more than double index-tracking VUSB at 0.10%.
- Not a bills-only portfolio. The mandate is diversified fixed income reaching for returns above cash equivalents, so credit risk is part of the recipe, unlike Treasury-only SHV.
- The ICE BofA US Treasury Bill Index is the yardstick, not the blueprint. Results come from the manager's calls and can land either side of it.
GSY Holdings
- Bonds
- 422
- 10%
- United States Treasury Note/Bond 4.13% 08/31/2028
Sectors
- Industrials100.0%
Geography
- United States80.69%
- Canada7.49%
- United Kingdom2.95%
- France2.08%
- Ireland1.94%
- Japan1.59%
- Australia1.11%
- Spain0.82%
- 1.32%
GSY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GSY |
|---|---|
| Year to date | +2.5% |
| 1 month | −0.0% |
| 3 months | +0.7% |
| 1 year | +3.7% |
| 3 years | +5.2% |
| 5 years | +3.8% |
| 10 years | +2.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GSY |
|---|---|---|
| 2026 YTD | +2.5% | |
| 2025 | +5.0% | |
| 2024 | +6.0% | |
| 2023 | +6.0% | |
| 2022 | +0.0% | |
| 2021 | +0.0% | |
| 2020 | +1.9% |
GSY in the news
ETF.net Research hasn’t filed on GSY yet — coverage lands here as it’s written.
GSY Dividends
- 4.22%
- $2.10
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.18 |
| Aug 24, 2026 | Aug 28, 2026 | $0.17 |
| Jul 20, 2026 | Jul 24, 2026 | $0.17 |
| Jun 22, 2026 | Jun 26, 2026 | $0.18 |
| May 18, 2026 | May 22, 2026 | $0.18 |
| Apr 20, 2026 | Apr 24, 2026 | $0.16 |
| Mar 23, 2026 | Mar 27, 2026 | $0.17 |
| Feb 23, 2026 | Feb 27, 2026 | $0.17 |
| Jan 20, 2026 | Jan 23, 2026 | $0.19 |
| Dec 22, 2025 | Dec 26, 2025 | $0.18 |
| Nov 24, 2025 | Nov 28, 2025 | $0.18 |
| Oct 20, 2025 | Oct 24, 2025 | $0.18 |
GSY Risk
- 0.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.36
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GSY Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
53 of the 77 Cash & Ultra-Short Income funds charge less.