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Invesco BulletShares (R) 2021 Municipal Bond ETF

etf
BSML
Dividend policy
Decrease
Price as of:
$25.34 -0.01 0%
primary theme
Target Date
BSML (ETF)

Invesco BulletShares (R) 2021 Municipal Bond ETF

Dividend policy
Decrease
Price as of:
$25.34 -0.01 0%
primary theme
Target Date
BSML (ETF)
Invesco BulletShares (R) 2021 Municipal Bond ETF
Dividend policy
Decrease
Price as of:
$25.34 -0.01 0%
primary theme
Target Date

BSML - Snapshot

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $25.2 M
  • Holdings in Top 10 20.8%

52 WEEK LOW AND HIGH

$25.35
$24.41
$25.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.18%

SALES FEES

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

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme Target Date
  • Fund Type Exchange Traded Fund
  • Investment Style Muni Target Maturity

Compare BSML to Popular Target Date Funds Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$14.96

+0.07%

$17.35 B

1.99%

$0.30

blocked
blocked
blocked

6.48%

$14.04

+0.07%

$8.06 B

1.96%

$0.27

blocked
blocked
blocked

7.59%

0.17%

$24.11

+0.04%

$7.05 B

2.00%

$0.48

blocked
blocked
blocked

6.59%

$12.26

+0.08%

$3.25 B

1.40%

$0.17

blocked
blocked
blocked

4.61%

0.47%

$13.22

-0.08%

$2.50 B

1.56%

$0.21

blocked
blocked
blocked

2.48%

0.77%

Compare BSML to Popular Target Date Funds ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$21.85

0.00%

$2.10 B

2.40%

$0.52

blocked
blocked
blocked

1.58%

0.10%

$21.30

+0.05%

$2.09 B

2.33%

$0.50

blocked
blocked
blocked

0.28%

0.10%

$24.97

-0.04%

$1.55 B

2.37%

$0.59

blocked
blocked
blocked

0.04%

0.10%

$25.60

+0.04%

$1.42 B

2.42%

$0.62

blocked
blocked
blocked

1.23%

0.10%

$21.87

-0.05%

$1.42 B

2.49%

$0.54

blocked
blocked
blocked

2.63%

0.10%

BSML - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco BulletShares (R) 2021 Municipal Bond ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Sep 25, 2019
  • Shares Outstanding
    1000001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Kernagis

Fund Description

The fund generally will invest at least 80% of its total assets in securities that comprise the index. The index is designed to measure the performance of a portfolio of U.S. dollar-denominated investment-grade municipal bonds with maturities in the year 2021 or, in some cases, "effective maturities" in the year 2021. It is non-diversified.


BSML - Performance

Return Ranking - Trailing

Period BSML Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -18.6% 9.9% 86.48%
1 Yr 1.7% -15.6% 8.4% 84.15%
3 Yr N/A* -0.3% 6.5% N/A
5 Yr N/A* 1.1% 7.1% N/A
10 Yr N/A* 2.0% 6.3% N/A

* Annualized

Return Ranking - Calendar

Period BSML Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.1% 13.9% N/A
2018 N/A -13.1% 0.1% N/A
2017 N/A -12.3% 10.3% N/A
2016 N/A -74.7% 5.6% N/A
2015 N/A -9.3% 1.1% N/A

Total Return Ranking - Trailing

Period BSML Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -18.6% 9.9% 86.48%
1 Yr 1.7% -15.6% 8.4% 73.25%
3 Yr N/A* -1.4% 6.5% N/A
5 Yr N/A* 0.8% 7.1% N/A
10 Yr N/A* 2.0% 6.3% N/A

* Annualized

Total Return Ranking - Calendar

Period BSML Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.1% 13.9% N/A
2018 N/A -12.9% 0.7% N/A
2017 N/A -12.3% 12.7% N/A
2016 N/A -2.2% 8.9% N/A
2015 N/A -8.0% 1.1% N/A

BSML - Holdings

Concentration Analysis

BSML Category Low Category High BSML % Rank
Net Assets 25.2 M 118 K 17.3 B 74.44%
Number of Holdings 131 1 1464 13.86%
Net Assets in Top 10 5.17 M 98.9 K 17.2 B 86.89%
Weighting of Top 10 20.78% 4.9% 100.0% 86.67%

Top 10 Holdings

  1. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 5% 2.53%
  2. CALIFORNIA ST 5.25% 2.51%
  3. GWINNETT CNTY GA WTR & SEW AUTH REV 5% 2.12%
  4. LOS ANGELES CALIF UNI SCH DIST 5% 2.07%
  5. NEW YORK ST ENVIRONMENTAL FACS CORP ST CLEAN WTR & DRINKING WTR REV 5% 2.07%
  6. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 2.06%
  7. NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% 2.03%
  8. PORT AUTH N Y & N J 5% 1.98%
  9. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% 1.72%
  10. SALES TAX ASSET RECEIVABLE CORP N Y 5% 1.68%

Asset Allocation

Weighting Return Low Return High BSML % Rank
Bonds
96.04% 0.00% 184.99% 18.73%
Cash
3.96% -109.81% 100.00% 64.79%
Stocks
0.00% 0.00% 48.56% 98.50%
Preferred Stocks
0.00% 0.00% 33.72% 98.50%
Other
0.00% -0.20% 69.31% 90.26%
Convertible Bonds
0.00% 0.00% 6.48% 98.88%

Bond Sector Breakdown

Weighting Return Low Return High BSML % Rank
Municipal
96.04% 0.00% 100.00% 8.24%
Cash & Equivalents
3.96% 0.00% 100.00% 79.03%
Derivative
0.00% 0.00% 11.84% 98.50%
Securitized
0.00% 0.00% 88.98% 98.50%
Corporate
0.00% 0.00% 99.81% 99.63%
Government
0.00% 0.00% 100.00% 98.50%

Bond Geographic Breakdown

Weighting Return Low Return High BSML % Rank
US
96.04% 0.00% 184.99% 11.99%
Non US
0.00% 0.00% 33.34% 99.63%

BSML - Expenses

Operational Fees

BSML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.02% 22.41% 79.57%
Management Fee 0.18% 0.00% 1.08% 62.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

BSML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BSML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

BSML Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 0.00% 277.00% 9.21%

BSML - Distributions

Dividend Yield Analysis

BSML Category Low Category High BSML % Rank
Dividend Yield 0.83% 0.00% 2.47% 12.59%

Dividend Distribution Analysis

BSML Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

BSML Category Low Category High BSML % Rank
Net Income Ratio 0.88% -0.07% 6.21% 97.37%

Capital Gain Distribution Analysis

BSML Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

BSML - Fund Manager Analysis

Managers

Jeffrey Kernagis


Start Date

Tenure

Tenure Rank

Sep 25, 2019

1.1

1.1%

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.

Greg Meisenger


Start Date

Tenure

Tenure Rank

Sep 25, 2019

1.1

1.1%

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.

Philip Fang


Start Date

Tenure

Tenure Rank

Sep 25, 2019

1.1

1.1%

Philip Fang is Portfolio Manager of Invesco Capital Management LLC, has been responsible for certain Funds in the Trust since July 2010 and has been associated with Invesco Capital Management since 2007.

Peter Hubbard


Start Date

Tenure

Tenure Rank

Sep 25, 2019

1.1

1.1%

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.

Jeremy Neisewander


Start Date

Tenure

Tenure Rank

Sep 25, 2019

1.1

1.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 16.01 4.97 11.18