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Invesco BulletShares 2023 High Yield Corporate Bond ETF

etf
BSJN
Dividend policy
Decrease
Price as of:
$25.08 -0.07 0%
primary theme
High Yield Bond
BSJN (ETF)

Invesco BulletShares 2023 High Yield Corporate Bond ETF

Dividend policy
Decrease
Price as of:
$25.08 -0.07 0%
primary theme
High Yield Bond
BSJN (ETF)
Invesco BulletShares 2023 High Yield Corporate Bond ETF
Dividend policy
Decrease
Price as of:
$25.08 -0.07 0%
primary theme
High Yield Bond

BSJN - Snapshot

Vitals

  • YTD Return -3.9%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $413 M
  • Holdings in Top 10 23.2%

52 WEEK LOW AND HIGH

$25.15
$20.20
$26.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.42%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme High Yield Bond
  • Fund Type Exchange Traded Fund
  • Investment Style High Yield Bond

Compare BSJN to Popular High Yield Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$5.91

0.00%

$27.58 B

4.80%

$0.28

blocked
blocked
blocked

-0.84%

-

$7.66

+0.13%

$25.49 B

5.30%

$0.41

blocked
blocked
blocked

-1.42%

-

$5.43

0.00%

$20.11 B

5.82%

$0.32

blocked
blocked
blocked

-2.69%

-

$9.94

+0.20%

$16.76 B

5.73%

$0.57

blocked
blocked
blocked

-1.39%

-

$5.52

+0.18%

$11.92 B

4.90%

$0.27

blocked
blocked
blocked

-2.30%

-

Compare BSJN to Popular High Yield Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$86.05

+0.15%

$23.82 B

4.91%

$4.22

blocked
blocked
blocked

-1.85%

-

$107.26

+0.15%

$12.02 B

5.29%

$5.67

blocked
blocked
blocked

-1.83%

-

$49.39

+0.22%

$6.55 B

5.40%

$2.66

blocked
blocked
blocked

-1.73%

-

$44.93

+0.25%

$4.92 B

5.21%

$2.34

blocked
blocked
blocked

-3.06%

-

$26.55

+0.26%

$3.31 B

5.49%

$1.45

blocked
blocked
blocked

-1.15%

-

BSJN - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.10%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco BulletShares 2023 High Yield Corporate Bond ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Oct 07, 2015
  • Shares Outstanding
    16800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeremy Neisewander

Fund Description

The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index seeks to measure the performance of a portfolio of U.S. dollar-denominated high yield corporate bonds (commonly known as "junk bonds") with maturities or, in some cases, "effective maturities" in the year 2023 (collectively, "2023 Bonds"). The fund is non-diversified.


BSJN - Performance

Return Ranking - Trailing

Period BSJN Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -49.4% 387.9% 82.68%
1 Yr 0.1% -54.3% 9.9% 77.42%
3 Yr 2.7%* -21.8% 8.3% 63.62%
5 Yr 4.6%* -0.9% 9.0% 65.69%
10 Yr N/A* 0.7% 9.2% N/A

* Annualized

Return Ranking - Calendar

Period BSJN Return Category Return Low Category Return High Rank in Category (%)
2019 6.1% -10.3% 226.1% 73.92%
2018 -6.6% -18.4% -0.2% 17.66%
2017 0.0% -9.5% 18.8% 85.33%
2016 9.2% -9.1% 28.6% 15.30%
2015 N/A -34.3% 3.5% N/A

Total Return Ranking - Trailing

Period BSJN Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -49.4% 387.9% 83.66%
1 Yr 0.1% -54.3% 9.9% 63.89%
3 Yr 2.7%* -21.8% 8.3% 54.35%
5 Yr 4.6%* -1.1% 9.0% 56.72%
10 Yr N/A* 0.7% 9.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BSJN Return Category Return Low Category Return High Rank in Category (%)
2019 6.1% -8.1% 23.9% 74.21%
2018 -6.6% -18.4% 1.3% 32.57%
2017 0.0% -8.5% 18.8% 88.67%
2016 9.2% -9.1% 39.0% 31.85%
2015 N/A -32.4% 3.5% N/A

BSJN - Holdings

Concentration Analysis

BSJN Category Low Category High BSJN % Rank
Net Assets 413 M 3.33 M 27.6 B 50.89%
Number of Holdings 147 1 2239 81.41%
Net Assets in Top 10 94.8 M -492 M 2.87 B 40.30%
Weighting of Top 10 23.20% 3.4% 100.0% 15.03%

Top 10 Holdings

  1. T-Mobile US, Inc. 7.88% 4.52%
  2. Community Health Systems Incorporated 6.25% 2.83%
  3. Ford Motor Company 8.5% 2.27%
  4. Par Pharmaceutical Inc 7.5% 2.21%
  5. Cheniere Engy 144A 4.62% 2.18%
  6. Tenet Healthcare Corporation 6.75% 2.09%
  7. FREEPORT-MCMORAN INC 3.88% 1.78%
  8. Avantor Funding Inc 4.62% 1.68%
  9. Reynolds Group Issuer LLC. 5.12% 1.61%
  10. DISH DBS Corporation 5% 1.57%

Asset Allocation

Weighting Return Low Return High BSJN % Rank
Bonds
97.92% 0.00% 141.18% 13.03%
Cash
2.08% -48.94% 100.00% 66.49%
Stocks
0.00% -28.46% 28.23% 78.43%
Preferred Stocks
0.00% 0.00% 7.97% 60.79%
Other
0.00% -2.78% 58.14% 54.14%
Convertible Bonds
0.00% 0.00% 19.96% 82.90%

Bond Sector Breakdown

Weighting Return Low Return High BSJN % Rank
Corporate
97.91% 0.00% 100.00% 19.02%
Cash & Equivalents
2.09% 0.00% 100.00% 71.06%
Derivative
0.00% 0.00% 51.02% 45.38%
Securitized
0.00% 0.00% 95.38% 61.41%
Municipal
0.00% 0.00% 16.25% 35.46%
Government
0.00% 0.00% 74.11% 59.24%

Bond Geographic Breakdown

Weighting Return Low Return High BSJN % Rank
US
88.36% 0.00% 127.79% 8.55%
Non US
9.56% -27.40% 96.73% 82.63%

BSJN - Expenses

Operational Fees

BSJN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.42% 0.04% 20.17% 93.61%
Management Fee 0.42% 0.00% 1.84% 16.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BSJN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BSJN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BSJN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 1.00% 349.00% 34.69%

BSJN - Distributions

Dividend Yield Analysis

BSJN Category Low Category High BSJN % Rank
Dividend Yield 4.49% 0.00% 6.30% 3.11%

Dividend Distribution Analysis

BSJN Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BSJN Category Low Category High BSJN % Rank
Net Income Ratio 5.10% -0.81% 10.03% 54.01%

Capital Gain Distribution Analysis

BSJN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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BSJN - Fund Manager Analysis

Managers

Jeremy Neisewander


Start Date

Tenure

Tenure Rank

May 13, 2016

4.47

4.5%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Jeffrey Kernagis


Start Date

Tenure

Tenure Rank

Apr 09, 2018

2.56

2.6%

Kernagis is a Senior Portfolio Manager of Invesco Capital Management LLC. Mr. Kernagis has been associated with Invesco Capital Management LLC since 2007. Prior to joining Invesco Capital Management LLC, Mr. Kernagis was a Portfolio Manager at Claymore Securities, Inc. from 2005 to 2007. Prior to that, Mr. Kernagis was a Senior Trader at Mid-States Corporate Federal Credit Union from 2004 to 2005 and a Vice President of Institutional Futures Sales at ABN Amro, Inc. from 1994 to 2003.

Peter Hubbard


Start Date

Tenure

Tenure Rank

Apr 09, 2018

2.56

2.6%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Greg Meisenger


Start Date

Tenure

Tenure Rank

Sep 28, 2018

2.09

2.1%

Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.21 6.49 1.34