Ultrashort Bond ETFs

Ultrashort-bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations typically of less than one year. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high-yield bond portfolios. Because of their focus on bonds with very short durations, these portfolios offer minimal interest-rate sensitivity and therefore low risk and total return potential. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI.

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Name	Ticker	Morningstar Category	Fund Size	Adjusted Expense Ratio	Total Return Rank in Category 3 Year	Total Return Rank in Category 5 Year	Total Return Rank in Category 10 Year	Management Style
SPDR® Blmbg 1-3 Mth T-Bill ETF	BIL	Ultrashort Bond	32.76 Bil	0.136%	44	79	84	Passive
JPMorgan Ultra-Short Income ETF	JPST	Ultrashort Bond	23.09 Bil	0.180%	41	24	—	Active
iShares® 0-3 Month Treasury Bond ETF	SGOV	Ultrashort Bond	20.81 Bil	0.070%	31	—	—	Passive
iShares Short Treasury Bond ETF	SHV	Ultrashort Bond	18.81 Bil	0.150%	55	74	79	Passive
WisdomTree Floating Rate Treasury ETF	USFR	Ultrashort Bond	17.68 Bil	0.150%	18	55	69	Passive
PIMCO Enhanced Short Maturity Active ETF	MINT	Ultrashort Bond	11.76 Bil	0.350%	70	61	39	Active
Janus Henderson AAA CLO ETF	JAAA	Ultrashort Bond	9.39 Bil	0.210%	2	—	—	Active
iShares Floating Rate Bond ETF	FLOT	Ultrashort Bond	7.34 Bil	0.150%	10	13	22	Passive
iShares Treasury Floating Rate Bond ETF	TFLO	Ultrashort Bond	6.98 Bil	0.150%	21	63	70	Passive
PGIM Ultra Short Bond ETF	PULS	Ultrashort Bond	6.81 Bil	0.150%	12	9	—	Active
First Trust Enhanced Short Maturity ETF	FTSM	Ultrashort Bond	6.45 Bil	0.450%	52	64	—	Active
BlackRock Ultra Short-Term Bond ETF	ICSH	Ultrashort Bond	5.58 Bil	0.080%	34	32	38	Active
Goldman Sachs Access Treasury 0-1 Yr ETF	GBIL	Ultrashort Bond	5.36 Bil	0.120%	56	76	—	Passive
Vanguard Ultra-Short Bond ETF	VUSB	Ultrashort Bond	4.24 Bil	0.100%	75	—	—	Active
US Treasury 3 Month Bill ETF	TBIL	Ultrashort Bond	3.47 Bil	0.150%	—	—	—	Passive
BlackRock Short Duration Bond ETF	NEAR	Ultrashort Bond	2.97 Bil	0.250%	33	30	27	Active
SPDR® Bloomberg 3-12 Mth TBill ETF	BILS	Ultrashort Bond	2.85 Bil	0.135%	65	—	—	Passive
Alpha Architect 1-3 Month Box ETF	BOXX	Ultrashort Bond	2.82 Bil	0.195%	—	—	—	Active
SPDR® Blmbg Inv Grd Flt Rt ETF	FLRN	Ultrashort Bond	2.38 Bil	0.150%	11	15	17	Passive
Janus Henderson Short Duration Inc ETF	VNLA	Ultrashort Bond	2.27 Bil	0.230%	61	25	—	Active
Invesco Ultra Short Duration ETF	GSY	Ultrashort Bond	2.07 Bil	0.230%	52	38	20	Active
Invesco Short Term Treasury ETF	TBLL	Ultrashort Bond	1.69 Bil	0.080%	54	74	—	Passive
VanEck IG Floating Rate ETF	FLTR	Ultrashort Bond	1.58 Bil	0.140%	7	6	6	Passive
FlexShares Ultra-Short Income ETF	RAVI	Ultrashort Bond	1.15 Bil	0.250%	64	45	44	Active
Invesco Variable Rate Investment Grd ETF	VRIG	Ultrashort Bond	1.02 Bil	0.300%	6	5	—	Active
AB Ultra Short Income ETF	YEAR	Ultrashort Bond	991.30 Mil	0.250%	—	—	—	Active
Goldman Sachs Access Ultra Short Bd ETF	GSST	Ultrashort Bond	593.51 Mil	0.160%	39	29	—	Active
SPDR® SSgA Ultra Short Term Bond ETF	ULST	Ultrashort Bond	577.11 Mil	0.200%	46	39	46	Active
US Treasury 6 Month Bill ETF	XBIL	Ultrashort Bond	550.97 Mil	0.150%	—	—	—	Passive
Dimensional Ultrashort Fixed Income ETF	DUSB	Ultrashort Bond	486.52 Mil	0.150%	—	—	—	Active
Fidelity Low Duration Bond Factor ETF	FLDR	Ultrashort Bond	447.66 Mil	0.150%	45	29	—	Passive
NEOS Enhanced Income CA Alt ETF	CSHI	Ultrashort Bond	438.44 Mil	0.380%	—	—	—	Active
Global X 1-3 Month T-Bill ETF	CLIP	Ultrashort Bond	428.49 Mil	0.070%	—	—	—	Passive
Angel Oak UltraShort Income ETF	UYLD	Ultrashort Bond	416.98 Mil	0.290%	—	—	—	Active
Fidelity Low Duration Bond ETF	FLDB	Ultrashort Bond	372.97 Mil	0.200%	—	—	—	Active
iShares Interest Rate Hedged Corp Bd ETF	LQDH	Ultrashort Bond	341.77 Mil	0.230%	2	2	—	Passive
VanEck CLO ETF	CLOI	Ultrashort Bond	337.35 Mil	0.400%	—	—	—	Active
PIMCO Ultra Short Government Active ETF	BILZ	Ultrashort Bond	265.20 Mil	0.140%	—	—	—	Active
BlackRock AAA CLO ETF	CLOA	Ultrashort Bond	248.07 Mil	0.200%	—	—	—	Active
PIMCO Enhanced Short Mtrty Actv ESG ETF	EMNT	Ultrashort Bond	166.39 Mil	0.240%	66	—	—	Active
ClearShares Ultra-Short Maturity ETF	OPER	Ultrashort Bond	165.54 Mil	0.200%	21	52	—	Active
T. Rowe Price Ultra Short-Term Bond ETF	TBUX	Ultrashort Bond	158.06 Mil	0.170%	—	—	—	Active
PGIM AAA CLO ETF	PAAA	Ultrashort Bond	157.63 Mil	0.190%	—	—	—	Active
Amplify Samsung SOFR ETF	SOF	Ultrashort Bond	155.58 Mil	0.200%	—	—	—	Passive
iShares Interest Rate Hdg L/T Corp BdETF	IGBH	Ultrashort Bond	112.78 Mil	0.140%	1	1	—	Passive
Hartford AAA CLO ETF	HSRT	Ultrashort Bond	111.40 Mil	0.240%	89	19	—	Active
Strive Enhanced Income Short MaturityETF	BUXX	Ultrashort Bond	100.80 Mil	0.250%	—	—	—	Active
Invesco AAA CLO Floating Rate Note ETF	ICLO	Ultrashort Bond	97.52 Mil	0.200%	—	—	—	Active
Putnam ESG Ultra Short ETF	PULT	Ultrashort Bond	85.47 Mil	0.250%	—	—	—	Active
Touchstone Ultra Short Income ETF	TUSI	Ultrashort Bond	83.48 Mil	0.250%	—	—	—	Active

Ultrashort Bond ETFs

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