ETF Evaluator:
SLW Short Duration Income ETF ()
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(as of Nov 10)
Best Performing in Ultrashort Bond Over the Last Year
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ETF Details
SLW Short Duration Income ETF Overview
SLW Short Duration Income ETF (SLWS) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). SLW Funds launched the ETF in 2024.
The investment seeks to preserve capital and provide liquidity while generating an optimal level of risk managed income.
The fund invests primarily in various types of fixed income securities of varying maturities and credit quality. The fund manger seeks value across different sectors and geographies using a wide range of instruments to capitalize on investment opportunities to maximize current income and provide low volatility.
About SLW Short Duration Income ETF (SLWS)
There are 1 members of the management team with an average tenure of 1.87 years: Vincent Ahn (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
SLW Short Duration Income ETF has 224 securities in its portfolio. The top 10 holdings constitute 19.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
SLW Short Duration Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. SLW Short Duration Income ETF has 33.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.6% (63.6% domestic bond, 33.0% foreign bond and 0.0% convertible bond). SLW Short Duration Income ETF has 3.5% of the portfolio in cash.
Assets Under Management
The fund has $399 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SLWS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SLW Short Duration Income ETF expense ratio is average compared to funds in the Ultrashort Bond category. SLW Short Duration Income ETF has an expense ratio of 0.42%, which is 91% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SLW Short Duration Income ETF has a portfolio turnover rate of 97%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 59% for the Ultrashort Bond category.
Recently, in the month of October 2026, SLW Short Duration Income ETF returned 0.6%, which earned it a grade of A, as the Ultrashort Bond category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
SLW Short Duration Income ETF has a trailing yield of 4.93%, which is above the 3.96% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SLW Short Duration Income ETF Grades
Year to date, the ETF has returned 3.0%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.1% over the past year (grade of B).
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SLWS Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SLWS Return (NAV) | 0.6% | 0.6% | 4.1% | na | na | na |
| SLWS Return (Price) | 0.7% | 0.5% | 4.1% | na | na | na |
| NAV +/- Price Return | -0.087% | 0.098% | 0.027% | na | na | na |
| Ultrashort Bond Avg | 0.4% | 0.9% | 3.8% | 5.0% | 4.1% | 3.0% |
| SLWS Grade (NAV) | A | F | B | na | na | na |
| +/- Category (NAV) | 0.2% | -0.3% | 0.3% | na | na | na |
| SLWS Tax-Cost Ratio | na | na | 2.1% | na | na | na |
SLWS Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SLWS Return (NAV) | 3.0% | 6.5% | na | na | na | na | na | na | na | na | na |
| SLWS Return (Price) | 2.7% | 6.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.114% | 0.051% | na | na | na | na | na | na | na | na | na |
| Ultrashort Bond Avg | 3.1% | 4.8% | 5.8% | 6.0% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| SLWS Grade (NAV) | C | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.1% | 1.6% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 4.9% |
| Total Assets: | $ 399 Mil |
| Share Class Assets: | $ 399 Mil |
| Turnover: | 97.0% |
| Expense Ratio: | 0.42% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Ahn Vincent (2024) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 224 |
| % in Top 10 Holdings: | 19.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 33.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 63.6% |
| Foreign Bond: | 33.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | SLW Funds |
| Phone Number: | 866-458-4744 |
| Website: | www.rangerfunds.com |
| Inception Date: | December 19, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.42% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.22% |
