Description

This Invesco ETF aims to replicate the overall return of the Bloomberg U.S. Treasury 7-10 Year Total Return Index USD Unhedged, known as the "Reference Index," after accounting for its expenses. The fund distributes income to shareholders on a quarterly basis. The Reference Index monitors the performance of US dollar-denominated, fixed-interest debt instruments issued by the US Treasury that possess maturities between seven and ten years. It expressly excludes inflation-linked bonds, floating-rate bonds, STRIP bonds (where principal and interest payments are separated and traded individually), and Treasury bills. The index is rebalanced each month. To achieve the fund's objective, portfolio managers employ sophisticated modeling tools and analytical techniques to acquire and hold a select portion of the index's securities. This representative sampling strategy is designed to closely mirror the index's performance while reducing the costs typically incurred with full replication. This ETF operates under a passive management approach. Therefore, an investment in this fund signifies the acquisition of units in a passively managed, index-tracking vehicle, rather than direct ownership of the underlying assets held by the fund.