Invesco Ultra Short Duration 

The Invesco Ultra Short Duration ETF (GSY) is an actively managed exchange-traded fund designed to outperform cash equivalents while simultaneously prioritizing capital preservation and ensuring daily access to funds. The ETF allocates a minimum of 80% of its total assets to fixed income securities, consistently maintaining an average duration of less than one year. As of August 31, 2025, Morningstar Inc. rated the Fund with an overall 4-star rating among 211 funds. For individual timeframes, it achieved 4 stars over three years (out of 211 funds), 3 stars over five years (out of 183 funds), and 4 stars over ten years (out of 111 funds). Morningstar's ratings are derived from a risk-adjusted return metric that considers monthly performance fluctuations, placing greater weight on downside variations and rewarding steady returns. For comparative purposes, open-end mutual funds and exchange-traded funds are grouped together, and a fund must have at least a three-year history to be rated. The overall rating represents a weighted average of the three-, five-, and ten-year ratings, where applicable, factoring in fees and expenses but excluding sales charges. The distribution of star ratings is as follows: the top 10% receive five stars, the subsequent 22.5% four stars, the next 35% three stars, the following 22.5% two stars, and the lowest 10% one star. Ratings are updated monthly. It should be noted that if fees had not been waived or expenses reimbursed, the Morningstar rating might have been lower. Performance differences can also result in varied ratings for other share classes. This Morningstar information is proprietary, copyrighted ©2025, and may not be copied or distributed. Its accuracy, completeness, or timeliness is not guaranteed, and neither Morningstar nor its content providers are liable for any damages or losses incurred from its use. Past performance offers no guarantee of future results.