TBLL ETF — Invesco Short Term Treasury ETF

Invesco Short Term Treasury ETF (TBLL)

Updated October 16, 2026.

TBLL is a low-cost ETF. its distribution rate is 3.58%, its trailing-12-month yield is 3.60%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 61/100 (Generally safe). Total return is 26.6% over the past 9.8 years, 265.6 points behind SPY at 292.2%.

Invesco Short Term Treasury ETF is a fund that tracks U.S. Treasury securities with a maximum remaining maturity of 12 months or less, holding at least 80% of its assets in index components. The fund offers a modest current distribution rate paid monthly and carries a very low expense ratio of 0.08%. It appeals to income-focused investors seeking stable returns from short-duration government debt with minimal management costs.

TBLL performance versus SPY

Price and return data through 2026-10-16.

Total return is 26.6% over the past 9.8 years, 265.6 points behind SPY at 292.2%. Over the past year its total return — price change plus distributions reinvested — is 3.6%.

TBLL key facts

Distribution Safety Score™

61 · Generally safe

Safety-Adjusted Yield

2.18%

Issuer

Invesco

Asset type

ETF

Asset class

Fixed Income

Inception date

01/12/2017

Expense ratio

0.08%

Distribution rate

3.58%

Distribution frequency

Monthly

Trailing yield

3.60%

Last close

$105.78 (as of 2026-10-16)

AUM

$2,677,212,595

Average volume

159948.0

Dividend

$0.316

Ex-dividend date

09/21/2026

Payment date

09/25/2026

Beta

0.02

How Dividend Vision calculates yield and returns

Distribution rate (3.58%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.60%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TBLL risks and drawbacks

TBLL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider TBLL — and who may not

TBLL may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TBLL

• All tickers starting with T

Tagged: Treasury, Bonds, Fixed Income, Ultra Short.

Frequently asked questions

More securities from Invesco.