Group 1 - Invesco Short Term Treasury ETF (NYSEARCA: TBLL) was launched on January 12, 2017, and is managed by Invesco Capital Management LLC [1] - The ETF provides exposure to T-Bills, Treasury notes, and bonds with remaining maturities of less than 12 months by tracking the ICE [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational information but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change without notice, indicating a dynamic approach to investment management [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - The company operates through various affiliated investment advisers that provide investment advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, highlighting the firm's extensive distribution network [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals, aiming to help them achieve more in life [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational information but does not constitute a recommendation for any specific investment strategy [1] - Invesco highlights the complexity and variability of federal and state tax laws, advising investors to consult their own legal or tax professionals for personalized information [1] Group 2 - The opinions expressed by Invesco's authors are based on current market conditions and are subject to change without notice [1] - Invesco's investment advisory services are provided by affiliated investment advisers, and they do not sell securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc., and other broker-dealers [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational content but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change without notice, indicating a dynamic approach to investment management [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - The company operates through various affiliated investment advisers that provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, highlighting the firm's extensive distribution network [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before investing [1] - The firm provides educational information but does not offer tax advice, highlighting the complexity and variability of federal and state tax laws [1] - Opinions expressed by Invesco's authors are based on current market conditions and may change without notice, indicating a dynamic investment environment [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - Invesco Advisers, Inc. and other affiliated investment advisers provide investment advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, including Invesco Distributors, Inc. [1]

Core Points - Invesco Mortgage Capital Inc. will announce its third quarter 2025 results on October 30, 2025, after market close [1] - A conference call to discuss the results will take place on October 31, 2025, at 9:00 a.m. ET, featuring key executives [1] - The company is a real estate investment trust focusing on mortgage-backed securities and related assets, managed by Invesco Advisers, Inc. [3] Company Information - Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a wholly-owned subsidiary of Invesco Ltd. [3] - The company has a cash dividend of $0.34 per share declared by its Board of Directors [6]

Core Insights - The fixed income ETF market is experiencing significant growth, with inflows surpassing $325 billion as of mid-October, indicating increasing investor interest and a variety of options available [1] - Market uncertainty is prevalent not only in equities but also in fixed income, primarily driven by interest rate fluctuations, with over 90% of forecasts predicting two rate cuts by the end of 2025 [2][3] Fixed Income Market Trends - Investors are advised to consider intermediate bonds to balance income generation and mitigate rate risk as interest rates are expected to decline [4][5] - Municipal bonds are gaining traction due to strong credit fundamentals and attractive yields, alongside the benefit of federal tax-free income [5][6] Investment Strategies - Active fixed income ETFs are becoming increasingly popular, with products like Invesco's Variable Rate Investment Grade ETF (VRIG) offering diversified yield opportunities across various credit markets [8][9] - The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) provides nuanced exposure to Treasuries through a laddering approach, enhancing portfolio flexibility [10] Market Evolution - The ETF marketplace is continuously evolving, presenting new opportunities for income-producing funds tailored to the current uncertain environment [11]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational information but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change without notice, indicating a dynamic approach to investment management [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - The company operates through various affiliated investment advisers that provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, highlighting the firm's extensive distribution network [1]

Core Insights - Invesco S&P 500 Momentum ETF (SPMO) is perceived by many investors as a top choice for growth exposure, but its long-term performance may not align with this perception [1] - The analysis emphasizes the importance of cash flow potential, relative value, and economic moat in evaluating equities [1] Investment Analysis - The ETF currently includes many high-growth names, but this may change in the future [1] - The analysis combines fundamental and technical approaches to enhance the success rate of investment ideas [1] Analyst Background - The analyst has extensive experience in public accounting and holds master's degrees in accounting and economics [1] - The analyst has a background in researching sovereign debt defaults and has transitioned to focus on investment writing and education [1]

Core Insights - Invesco (IVZ) is expected to report a year-over-year increase in both earnings and revenues for Q3 2025, with results scheduled for release on October 28, 2025 [1] - The company has a history of earnings surprises, having exceeded the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 1.69% [2] Q3 Estimates and Performance Factors - As of September 30, 2025, Invesco's preliminary total assets under management (AUM) reached $2.12 trillion, reflecting a sequential increase of 6.2%, driven by strong market returns and net long-term inflows [3] - The Zacks Consensus Estimate for investment management fees is $1.2 billion, indicating an 8.8% rise from the previous quarter [3] - Performance fees are estimated at $5.6 million, showing significant growth from the prior quarter [4] - Service and distribution fees are projected at $403.5 million, representing a sequential growth of 10.9% [4] - Other revenues are expected to be $55.3 million, suggesting a 14.7% increase [4] Cost Considerations - While cost-saving initiatives may have improved efficiency, increased compensation and marketing costs are anticipated to negatively impact overall expenses for the quarter [5] - Management expects one-time implementation costs related to Alpha to be between $15 million and $20 million in Q3 2025 [5] Major Developments - In August, Invesco announced plans to divest intelliflo to The Carlyle Group for up to $200 million, with $135 million payable at closing expected in Q4 2025 and up to an additional $65 million in potential future earn-outs [6] - Intelliflo supports over 30,000 professionals across 2,600 advisory firms, managing approximately £450 billion in client assets [7] - The acquisition includes intelliflo's cloud-based practice management software in the U.K. and its U.S. subsidiaries [8] Earnings Predictions - The Zacks Consensus Estimate for Invesco's earnings is 46 cents, unchanged over the past week, indicating a 4.6% increase from the year-ago quarter [12] - The consensus estimate for sales is $1.18 billion, suggesting a 6.5% increase [12] - The likelihood of Invesco beating the Zacks Consensus Estimate for earnings is low, with an Earnings ESP of -1.80% [10]