Invesco 0-5 Year US TIPS ETF charges 0.07% fee and has 2.32-year duration
The ETF holds 25 AA-rated securities, yields 4.05% and has $244.8 million in assets, according to an ETF Trends article on an Invesco-sponsored hub.
At a glance
The Invesco 0-5 Yr US TIPS ETF carries a 0.07% expense ratio, yields 4.05% and has an effective duration of 2.32 years, according to an ETF Trends article.
The fund, ticker PBTP, tracks the ICE BofAML 0-5 Year US Inflation-Linked Treasury Index and holds 25 securities.
Morningstar's Daniel Sotiroff is quoted saying a lot of this year's TIPS money has gone into ETFs targeting the zero- to five-year range.
The Invesco 0-5 Yr US TIPS ETF carries a 0.07% expense ratio, yields 4.05% and has an effective duration of 2.32 years, according to an ETF Trends article. The Oct. 19 piece marks the fund's ninth anniversary and lists $244.8 million in assets.
The fund, ticker PBTP, tracks the ICE BofAML 0-5 Year US Inflation-Linked Treasury Index and holds 25 securities. Maturities run from one month to five years, and every component is rated AA, according to the article.
Morningstar's Daniel Sotiroff is quoted saying a lot of this year's TIPS money has gone into ETFs targeting the zero- to five-year range. He notes that the Treasury issues TIPS at standard maturities of five, 10 or 30 years, so shorter paper tends to turn up in the secondary market as those bonds age.
The article runs on an Invesco-sponsored content hub and credits VettaFi as author. It translates the expense ratio to $7 a year on a $10,000 position.
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