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Launched

SLW Short Duration Income ETF

SLWSNYSE ArcaD

$100.370.00 (0.00%)

As of Nov 5, 2026, 9:46 AM ET

D37/ 100

Rank 69 of 78 in Cash & Ultra-Short Income

D37/100Rank 69 of 78inCash & Ultra-Short Income
Intraday session: flat, 1 prints from 100.37 to 100.37. Range 100.37 to 100.37. Use the arrow keys to read each point.99.50100.00101.0010 AM12 PM2 PM4 PM
Expense ratio
0.42%
Fund size
$400M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
214
Avg volume · 30D
4.12K sh
52W range
low $99.82high $101.44
Launched

The ETF.net SLWS Grade

D

Score 37 out of 100

Category
Cash & Ultra-Short Income⁠
Rank
69 of 78
Six-pillar profile for SLWS. Scores out of 100: Cost 4, Risk 52, Mission 68, Tradability 12, Holdings 69, Durability 46. Strongest: Holdings (69). Weakest: Cost (4). Leans toward Holdings and Mission.

Score 37 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.
    F4 out of 100
    Rank 75 of 78

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B68 out of 100
    Rank 66 of 67

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 29 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 75 of 78

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B69 out of 100
    Rank 25 of 77

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 49 of 78

Our read on SLWS

ETF.net Research

In short

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

  • Actively managed, not index-tracking. Managers pick the bonds, aiming to preserve capital and provide liquidity while generating risk-managed income.
  • Normal 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.
  • Wider passport than the Treasury-only crowd: the mandate covers US, international and emerging-market fixed income, not just domestic bills.
  • The portfolio lines up closely with the short-duration income mandate its filings describe, and it holds a conventional 1940 Act fund structure.

Worth knowing

  • Cost 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.
  • It trades thinly next to the category's heavyweights, which tends to show up as wider spreads at the moment you transact.
  • Launched 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

Holdings pillarB69 out of 100Rank 25 of 77 in Cash & Ultra-Short Income
Asset class
Bonds
Holdings
214
Top-10 weight
20%
Largest holding
JAAA3.6%

Sectors

  • Corporate79.4%
  • Securitized18.9%
  • Government1.7%

Geography

  • United States74.54%
  • Canada8.31%
  • Ireland3.63%
  • United Kingdom3.47%
  • France2.08%
  • Luxembourg2.03%
  • Netherlands1.82%
  • Japan1.02%
  • Other countries (7)3.09%
The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1JAAAJanus Henderson AAA CLO ETF3.62%280,000$14.1M16
2BUCKSimplify Treasury Option Incom2.42%410,000$9.44M2
3No dataSpace Exploratio Spcx 5.35 07/15/312.38%10,000,000$9.3M35
4No dataPseg Power Llc Peg 5.2 05/15/302.03%8,000,000$7.94M7
5No dataEagle Luxco Mexpcp 5 1/2 08/17/302.03%8,000,000$7.93M15
6No dataHf Sinclair Corp Dino 5 3/4 01/15/311.93%7,500,000$7.54M8
7No dataRoyal Bk Canada Ry 5.153 02/04/311.40%5,500,000$5.45M14
8No dataVolkswagen Grp Vw 5.35 03/27/301.39%5,500,000$5.43M2
9No dataUnum Group Unm 7 1/4 03/15/281.31%5,007,000$5.11M1
10No dataBlue Owl Technol Otf 6.1 03/15/281.28%5,000,000$4.99M8
11No dataFranklin Bsp Fbrt 8 1/4 04/25/301.26%5,000,000$4.91M1
12No dataAtlas Ware Lend Atwald 4 5/8 11/15/281.25%5,000,000$4.9M4
13No dataHps Corporate Le Hlend 5.15 04/02/291.24%5,000,000$4.84M8
14No dataSbl Holdings Inc Secben 5.9 09/26/281.23%5,000,000$4.81M5
15No dataHps Corporate Le Hlend 5.65 04/02/311.22%5,000,000$4.76M10

Showing 1–15 of 214 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$10,300
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,333
Dec 31, 2025 to Nov 4, 2026. SLWS $10,300. SPY $11,333. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 4, 2026

Returns run to the Nov 4, 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+3.0%
1 month+0.6%
3 months+0.5%
1 yearHistory unavailableNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+3.0%
2025+0.9%

History from Nov 6, 2025

SLWS in the news

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. 12 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; Oct 29, 2026 $0.39. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.39
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

$10,000 in SLWS 1 year ago paid $488 in dividends.

SLWS Risk

Risk pillarC52 out of 100Rank 29 of 75 in Cash & Ultra-Short Income
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.

FMP measures it over up to five years of monthly returns.

SLWS Cost

Compare SLWS and XHLF

Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income

$7,834

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SLWS 0.42%

    $8,472

  • XHLF 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • SLWS 0.42%
  • XHLF 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530SLWS $8,472XHLF $638

Year by year

YearSLWSXHLFOverpaying
10$759$55$704
20$2,927$216$2,711
30$8,472$638$7,834

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