Invesco Ultra Short Duration ETF

GSY
ETF Ticker

+2.74%

+3.78%

NYSE Arca Exchange

Fixed Income

United States

Money Market

ETF Strategy Fund Grade AAA

The Invesco Ultra Short Duration ETF, GSY_US, is an actively managed strategy providing exposure to United States, Money Market Fixed Income. It is listed on the NYSE Arca Exchange and has assets under management of $3,900.0m (as of Aug 31, 2026). The ETF trades in USD and was listed on the exchange on Feb 12, 2008. It has a net expense ratio of 23bps. (All data in USD as of Oct 9, 2026 unless stated.)

The investment framework steering the actively managed Invesco Ultra Short Duration ETF aims to preserve capital and liquidity while generating incremental income over cash through a diversified book of U.S. dollar investment grade short term instruments spanning corporate credit, asset backed and mortgage related securities, commercial paper, and U.S. government and agency obligations. The investable set emphasizes larger, frequently traded issues to safeguard execution and capacity. Security selection integrates macro views with issuer level credit analysis focused on cash flow stability, covenant and structure, and downside protection; securitized exposures are assessed on collateral quality, enhancement, and prepayment behavior. Portfolio construction constrains interest rate sensitivity and spread exposure via duration bands, issuer and sector caps, and liquidity buckets, with position sizing tied to contribution to risk and market depth. Rebalancing is ongoing, with sells triggered by credit migration, structure or collateral underperformance, or superior risk adjusted carry elsewhere.

ETF Details

Key Facts

Issuer:
Invesco
AUM:
$3,900.0m (as of Aug 31, 2026)
Net Expense Ratio:
23 bps
Inception Date:
Feb 12, 2008
Index:
Actively managed strategy
Dividend Frequency:
Monthly

Trading

Ticker:
GSY
Exchange:
NYSE Arca Exchange
ISIN:
US46090A8870
Trading Currency:
USD
Domicile:
United States

Classification & Risk

Asset Class:
Fixed Income
Asset Region:
United States
Theme:
Money Market
Economic Development:
Developed Markets
1 Year Volatility:
0.46%
3 Year Volatility:
0.56%
5 Year Volatility:
0.62%

Performance

TTM Dividend Yield:
4.19% (verify with issuer)
1 Month Performance:
0.11%
3 Month Performance:
0.73%
6 Month Performance:
1.76%
1 Year Performance:
3.78%
3 Year Performance:
16.00%
5 Year Performance:
20.45%
Investment Proposition

Invesco Ultra Short Duration ETF (GSY) offers a conservatively managed ultra-short bond approach designed to prioritize capital preservation and steady income with minimal interest-rate sensitivity. The portfolio concentrates in high-quality, short-maturity instruments and actively manages liquidity, issuer diversification, and spread exposure to maintain a low duration profile while seeking incremental yield over cash. Emphasis on robust credit underwriting and curve placement aims to dampen volatility, with return largely driven by coupon carry and modest spread dynamics rather than directional rate bets. The fund typically benefits in stable or gradually changing policy regimes where short-term yields anchor returns, and may face headwinds if credit spreads widen abruptly or liquidity conditions tighten. Use cases include cash management or sweep functionality for operating reserves, a dry-powder sleeve for opportunistic reallocations, and a defensive ballast to moderate portfolio drawdowns from risk assets. Suitable investors include institutions with cash segmentation policies and advisors running liability-aware ladders who require daily liquidity and limited mark-to-market variability. A key risk to monitor is capacity and market depth in ultra-short instruments during stress, which can modestly impact transaction costs and realized tracking of intended risk.

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