Description

This Exchange Traded Fund (ETF), the Invesco US Treasury Bond 3-7 Year UCITS ETF Dist, seeks to replicate the total return performance of the Bloomberg U.S. Treasury 3-7 Year Index, after accounting for its expenses. Income is distributed to investors quarterly. The underlying benchmark, the Bloomberg U.S. Treasury 3-7 Year Index, measures the performance of US dollar-denominated, fixed-rate, nominal debt instruments issued by the US Treasury, specifically those with maturities ranging from three to seven years. It explicitly excludes inflation-linked, floating-rate, and STRIP bonds, alongside Treasury bills. The index undergoes monthly rebalancing. To achieve its objective, the fund's managers employ sophisticated portfolio modeling techniques to select and hold a representative subset of the index's securities. This 'sampling' approach is designed to closely track the index's performance while incurring lower operational costs than a full replication strategy. This ETF is passively managed. An investment represents an acquisition of units in an index-tracking fund, not direct ownership of the underlying debt securities held by the fund.