TBLL ETF — Invesco Short Term Treasury ETF

Invesco Short Term Treasury ETF (TBLL)

TBLL is a low-cost ETF. As of August 19, 2026, its distribution rate is 3.48%, its trailing-12-month yield is 3.35%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 60/100 (Generally safe). Fund total return is 25.9% over the past 9.6 years, 267.5 points behind SPY at 293.4%.

At the current 3.48% distribution rate, a $10,000 investment would generate approximately $348 per year, or $29.00 per month on an equivalent basis.

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

Data as of August 19, 2026.

Fund total return is 25.9% over the past 9.6 years, 267.5 points behind SPY at 293.4%.

TBLL key facts

Data as of August 19, 2026.

Distribution Safety Score™

60 · Generally safe

Safety-Adjusted Yield

2.09%

Issuer

Invesco

Asset type

ETF

Asset class

Fixed Income

Inception date

01/12/2017

Expense ratio

0.08%

Distribution rate

3.48%

Distribution frequency

Monthly

Trailing yield

3.35%

Last close

$105.82

AUM

$2,836,211,201

Average volume

133094.0

Last dividend

$0.3070

Ex-dividend date

07/20/2026

Payment date

07/24/2026

Beta

0.01

How Dividend Vision calculates yield and returns

Distribution rate (3.48%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.35%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

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.

Frequently asked questions

More funds from Invesco.