Invesco Ultra Short Duration ETF

GSY

Market cap $3.51B

goeasy Ltd. (GSY:CA) Q1 2026 Earnings Call Transcript

Fixed income is once again a place of exciting opportunities for investors. From U.S. and ex-U.S.

Invesco Ultra Short Duration ETF (GSY) loses appeal as momoentary Middle East ceasefire reduces spot yields on high rated corporate credit. With spot yields likely to fall and markets broadening their rally, opportunity costs are rising. Anyway, GSY's higher expense ratio (0.22%) versus FLOT (0.15%) makes FLOT a superior option for low-duration exposure.

goeasy Ltd. (GSY:CA) Q4 2025 Earnings Call Transcript

Invesco Ultra Short Duration ETF is recommended as a tactical cash-plus vehicle for parking liquidity amid current rate dynamics. GSY's active management, short duration (0.51 years), and diversified credit exposure deliver higher yields than Treasury bill-only peers. Despite a 0.22% expense ratio, GSY consistently outperforms both risk-free and cash-plus ETF peers in total return.

goeasy Ltd. ( GSY:CA ) Q3 2025 Earnings Call November 6, 2025 10:00 AM EST Company Participants James Obright - Senior VP of Investor Relations & Capital Markets Daniel Rees - Chief Executive Officer Hal Khouri Jason Appel - Executive VP & Chief Risk Officer Conference Call Participants John Aiken - Jefferies LLC, Research Division Stephen Boland - Raymond James Ltd.

Invesco Ultra Short Duration ETF (GSY) serves as a reliable parking lot for spare cash, offering slightly higher yields than similar ultra-short funds. GSY achieves higher income by taking on minimal credit risk and short duration, balancing capital preservation with a modest yield boost over USFR and TBLL. The fund is highly liquid, diversified, and has a low expense ratio, making it suitable for short-term cash management and essential liquidity needs.

GSY remains an attractive cash parking vehicle, outperforming T-Bills, especially during rate cuts, thanks to its higher duration and robust portfolio composition. The fund is overweight investment grade corporate bonds, offering a 4.63% 30-day SEC yield and a duration of 0.52 years, balancing yield and risk. Market expectations now point to no Fed rate cuts until September 2025, which will affect future yields as portfolio holdings mature and are reinvested.

Goeasy and Propel stocks are undervalued due to macroeconomic fears, but their fundamentals are strong, presenting a significant rebound opportunity. Zedcor's US expansion and new product success indicate robust growth potential, making it an attractive buy on pullbacks. VitalHub's recent acquisition and organic growth in healthcare data reporting position it for significant short, medium, and long-term gains.

Investors have been married to their money market funds for the better part of the last two years. But a recent poll from VettaFi's Q4 Fixed Income Symposium in October showed more market participants may finally be willing to break out of their comfort zones and redeploy those funds into riskier assets.