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TROT

GradeCNew York Stock Exchange Arca

Invesco MSCI Treasury Duration Rotation ETF

Treasury & Government Bond · Invesco · Inception 2026-02-25

$24.28+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Feb 25, 2026.History starts Feb 25, 2026.
Intraday session: down, 5 prints from 24.35 to 24.28. Range 24.25 to 24.35. Use the arrow keys to read each point.$24.32$24.36Sep 17Sep 18Sep 22Sep 23
Expense ratio
0.15%
Fund size
$1M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
148
Volume · 30D
0M sh
NAV per share
$24.26
52W range
low $24.25high $25.06

The ETF.net TROT Grade

C

40/ 100

Rank 12 of 16 in US Treasury & Government⁠

Confidence Medium

Six-pillar profile for TROT. Scores out of 100: Cost 47, Risk 43, Mission not scored, Tradability 23, Holdings 78, Durability 29. Strongest: Holdings (78). Weakest: Tradability (23). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned44This cap took−4Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 47
    Category rank10/16 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 43
    Category rank9/16 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank13/16 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 78
    Category rank4/16 · top 25%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 29
    Category rank15/16 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TROT

ETF.net Research

CMost Treasury funds pin you to one spot on the yield curve. TROT tracks an MSCI index built around duration rotation, shifting where it sits on the curve by rule instead of leaving the call to you.

Stated mandate

The Fund seeks to track, before fees and expenses, the investment results of the MSCI U.S. Treasury Duration Rotation Select Bond Index.

Why people hold it

  1. 01One ticker for curve positioning: the index is built to rotate duration, work that otherwise means shuffling between short- and long-dated Treasury funds yourself.
  2. 02It holds U.S. Treasury debt, roughly 100 positions, so the lever inside is interest-rate exposure rather than corporate credit risk.
  3. 03Plain-vanilla plumbing: a 1940 Act ETF from Invesco that pays quarterly and aims to match its index before fees and expenses.

Worth knowing

  1. 01At 0.15% a year it costs more than single-maturity Treasury index funds such as VGIT at 0.03%. The rotation rules are what the extra fee buys.
  2. 02A 2026 launch, so the track record is short and the asset base is still small, which can mean wider bid-ask spreads than the category's heavyweights.
  3. 03Duration shifts with the index rules, so rate exposure here isn't a fixed number. That's a moving target inside a ladder or a set allocation.

TROT Holdings

As of Sep 20, 2026, 1:58 PM
Asset class
Bonds
Holdings
148
Top-10 weight
12%
Largest holding
United States Treasury Note/Bond 1.63% 05/15/20311.4%
The fund’s holdings, weight-ordered — page 1 of 10.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Note/Bond 1.63% 05/15/20311.42%15,900$14K10
002—United States Treasury Note/Bond 1.13% 02/15/20311.33%15,100$13K10
003—United States Treasury Note/Bond 1.25% 08/15/20311.32%15,200$13K10
004—United States Treasury Note/Bond 4.00% 02/28/20301.30%13,000$13K13
005—United States Treasury Note/Bond 3.50% 01/31/20281.28%12,600$12K17
006—United States Treasury Note/Bond 0.88% 11/15/20301.26%14,400$12K11
007—United States Treasury Note/Bond 0.63% 08/15/20301.25%14,300$12K11
008—United States Treasury Note/Bond 0.63% 05/15/20301.04%11,800$10K11
009—United States Treasury Note/Bond 1.63% 08/15/20290.94%10,000$9K11
010—United States Treasury Note/Bond 3.88% 03/31/20280.91%9,000$9K18
011—United States Treasury Note/Bond 4.13% 06/30/20310.90%9,000$9K14
012—United States Treasury Note/Bond 1.75% 11/15/20290.89%9,500$9K10
013—United States Treasury Note/Bond 2.38% 05/15/20290.88%9,100$9K10
014—United States Treasury Note/Bond 3.50% 02/28/20310.88%9,000$9K12
015—United States Treasury Note/Bond 4.13% 06/30/20280.87%8,600$9K23

Showing 1–15 of 149 holdings

TROT Performance

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

TROT$9,981
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. TROT $9,981. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for TROT. Periods over one year show the average yearly return.
PeriodTROT
Year to dateFund launched this year—
1 month−0.8%
3 months−0.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 TROT
YearReturn barTROT
2026 YTD−0.9%

Since listing, Feb 25, 2026

TROT in the news

ETF.net Research hasn’t filed on TROT yet — coverage lands here as it’s written.

TROT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Upcoming payment
$0.07 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 7 payments in 2026 YTD. Mar 23, 2026 $0.07; Apr 20, 2026 $0.07; May 18, 2026 $0.07; Jun 22, 2026 $0.07; Jul 20, 2026 $0.07; Aug 24, 2026 $0.07; Sep 21, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Pays Sep 25, 2026$0.07
Aug 24, 2026Aug 28, 2026$0.07
Jul 20, 2026Jul 24, 2026$0.07
Jun 22, 2026Jun 26, 2026$0.07
May 18, 2026May 22, 2026$0.07
Apr 20, 2026Apr 24, 2026$0.07
Mar 23, 2026Mar 27, 2026$0.07

TROT Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.
—
Launched Feb 2026; fills in after 12 months
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.

TROT Cost

Expense ratio0.15%
  • The middle half of US Treasury & Government funds
  • Median 0.15%

6 of the 16 US Treasury & Government funds charge less.

TROT costs $15.00 a year on $10,000. The median US Treasury & Government fund costs $15.00.