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Launched

SLW Short Duration Income ETF

SLWSNYSE ArcaD

$100.48+0.04 (+0.03%)

As of Oct 13, 2026, 3:59 PM

D39/ 100

Rank 69 of 78 in Cash & Ultra-Short Income

D39/100Rank 69 of 78inCash & Ultra-Short Income
Intraday session: up, 11 prints from 100.45 to 100.48. Range 100.40 to 100.48. Use the arrow keys to read each point.100.40100.42100.4610 AM12 PM2 PM4 PM
Expense ratio
0.42%
Fund size
$390M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
212
Avg volume · 30D
0M sh
NAV per share
$100.35
52W range
low $99.82high $101.44
Launched

The ETF.net SLWS Grade

D

Score 39 out of 100

Category
Cash & Ultra-Short Income⁠
Rank
69 of 78
Six-pillar profile for SLWS. Scores out of 100: Cost 8, Risk 54, Mission 70, Tradability 12, Holdings 71, Durability 47. Strongest: Holdings (71). Weakest: Cost (8). Leans toward Holdings and Mission.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F8 out of 100
    Rank 71 of 78

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 64 of 66

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 28 of 75

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F12 out of 100
    Rank 74 of 78

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 23 of 77

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 47 of 78

Our read on SLWS

ETF.net Research

DMost ultra-short bond funds are index-run Treasury parking lots. SLWS is a young, actively managed take: a human-picked short-duration portfolio that can roam into international and emerging-market debt while keeping duration near a year or less.

Stated mandate

The Fund seeks to preserve capital and provide liquidity while generating risk-managed income. It pursues this through actively managed fixed-income investments, with an emphasis on low volatility and a normal duration of one year or less.

Why people hold it

  1. 01Actively managed, not index-tracking. Managers pick the bonds, aiming to preserve capital and provide liquidity while generating risk-managed income.
  2. 02Normal duration of one year or less, with a stated emphasis on low volatility. That is the short end of the curve, where rate swings bite least.
  3. 03Wider passport than the Treasury-only crowd: the mandate covers US, international and emerging-market fixed income, not just domestic bills.
  4. 04The portfolio lines up closely with the short-duration income mandate its filings describe, and it holds a conventional 1940 Act fund structure.

Worth knowing

  1. 01Cost is the sticking point: 0.42% is roughly double the ultra-short median, and scale players like VUSB (0.10%) and SHV (0.15%) undercut it by a lot.
  2. 02It trades thinly next to the category's heavyweights, which tends to show up as wider spreads at the moment you transact.
  3. 03Launched in December 2024, so the track record is short, and distributions have come on an irregular schedule rather than a fixed monthly one.

SLWS Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
212
Top-10 weight
19%
Largest holding
JAAA3.7%

Geography

  • United States71.02%
  • Canada8.58%
  • Ireland4.46%
  • United Kingdom4.25%
  • Luxembourg2.49%
  • France2.22%
  • Netherlands1.86%
  • Japan1.25%
  • Other countries (7)3.88%

Developed 97% · Emerging 3% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001JAAAJanus Henderson AAA CLO ETF3.69%280,000$14M15
002BUCKSimplify Treasury Option Incom2.47%410,000$9M2
003—Eagle Luxco Mex 5 1/2 08/17/302.06%8,000,000$8M14
004—Pseg Power Llc Peg 5.2 05/15/302.06%8,000,000$8M9
005—Hf Sinclair Corp Dino 5 3/4 01/15/311.96%7,500,000$7M9
006—Royal Bk Canada Ry 5.153 02/04/311.42%5,500,000$5M13
007—Volkswagen Grp Vw 5.35 03/27/301.41%5,500,000$5M2
008—Unum Group Unm 7 1/4 03/15/281.34%5,007,000$5M1
009—Blue Owl Technol Otf 6.1 03/15/281.30%5,000,000$5M8
010—Franklin Bsp Fbrt 8 1/4 04/25/301.30%5,000,000$5M1
011—Atlas Ware Lend Atwald 4 5/8 11/15/281.28%5,000,000$5M4
012—Sbl Holdings Inc Secben 5.9 09/26/281.26%5,000,000$5M5
013—Hps Corporate Le Hlend 5.15 04/02/291.26%5,000,000$5M8
014—Ares Capital Cor Arcc 5.1 01/15/311.23%5,000,000$5M11
015—Hps Corporate Le Hlend 5.65 04/02/311.23%5,000,000$5M9

Showing 1–15 of 212 holdings

SLWS Performance

Launched Dec 19, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SLWS$10,268
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. SLWS $10,268. SPY $11,500. Use the arrow keys to read each point.$9,116$10,404$11,692Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for SLWS. Periods over one year show the average yearly return.
PeriodSLWS
Year to date+2.7%
1 month+0.3%
3 months+0.6%
1 yearHistory unavailable—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SLWS
YearReturn barSLWS
2026 YTD+2.7%
2025+0.9%

History from Nov 6, 2025

SLWS in the news

Filtered to SLWS · Cash & Ultra-Short Income

SLWS Dividends

Last payment
$0.39 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Nov 26, 2025 $0.41; Dec 30, 2025 $0.43; Jan 29, 2026 $0.58; Feb 26, 2026 $0.36; Mar 30, 2026 $0.39; Apr 29, 2026 $0.38; May 28, 2026 $0.39; Jun 29, 2026 $0.38; Jul 30, 2026 $0.40; Aug 28, 2026 $0.43; Sep 29, 2026 $0.39. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.39
Aug 28, 2026Aug 31, 2026$0.43
Jul 30, 2026Jul 31, 2026$0.40
Jun 29, 2026Jun 30, 2026$0.38
May 28, 2026May 29, 2026$0.39
Apr 29, 2026Apr 30, 2026$0.38
Mar 30, 2026Mar 31, 2026$0.39
Feb 26, 2026Feb 27, 2026$0.36
Jan 29, 2026Jan 30, 2026$0.58
Dec 30, 2025Dec 31, 2025$0.43
Nov 26, 2025Nov 28, 2025$0.41

SLWS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
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.

The largest fall from a peak to the low that followed.
—
No data available
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.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SLWS Cost

Expense ratio0.42%
  • The middle half of Cash & Ultra-Short Income funds
  • Median 0.19%

70 of the 78 Cash & Ultra-Short Income funds charge less.

SLWS costs $42.00 a year on $10,000. The median Cash & Ultra-Short Income fund costs $19.00.

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