Invesco 1-30 Laddered Treasury ETFFind Ratings Reports
- Last Ratings Update:01/31/2020
- Price as of 01/31/2020 :$36.04
- Net Assets:$268.6 Million
- Peer Rank:17 of 54
- Investment Rating:C-
We rate Invesco 1 30 Laddered Treasury at C-. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 95% of its assets in bonds and may be considered for investors seeking a Government Bond strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The Invesco 1 30 Laddered Treasury has returned an annual rate of 5.73% since inception. More recently, the fund has generated a total return of 3.70% in the last five years, 1.09% in the last three years, and 9.96% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 43% of them. It has also outpaced 17% of its competitors on a three year basis and 76% of them over the last year for the period ending 1/31/2020. On a year to date basis, PLW has returned 7.43%.
Downside risk has been below average. PLW has a draw down risk of -7.90%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 6.9%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 1/31/2020, the fund was trading at a price of $36.04, which is 0.1% below its 52-week high of $36.06 and 4.3% above its 52-week low of $34.55.
Low expense ratio helps performance. On total assets of $268.60 million, PLW maintains a low expense ratio compared to its Government Bond peers of just 0.26% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As PLW is an exchange traded fund, it has no front end or back end load.
The Invesco 1 30 Laddered Treasury is managed by Peter Hubbard at Invesco Capital Management LLC. This fund is one of 223 Invesco Capital Management LLC exchange-traded funds launched since 3/10/1999 that we track.