BulletShares ETF’s met vaste vervaldatum
Precisiehulpmiddelen voor het samenstellen van voordelige obligatieportefeuilles.
Precisie van obligaties, voordelen van ETF's
BulletShares hebben een vaste looptijd, net als individuele obligaties, en bieden tegelijkertijd de diversificatievoordelen van een fonds en de intraday-handelscapaciteit van een ETF.
Nauwkeurige, goedkope toegang
Door te beleggen in verschillende looptijden van BulletShares kunnen beleggers een kosteneffectieve, gediversifieerde ladderportefeuille opbouwen om het renterisico en de kasstromen te beheren.
Gerichte blootstelling
Wij bieden tien goedkope BulletShares UCITS ETF's aan die gerichte blootstelling bieden aan bedrijfsobligaties van beleggingskwaliteit in USD en EUR, met looptijden variërend van 2026 tot 2030.
Access our BulletShares UCITS ETFs
Our BulletShares UCITS ETFs provide targeted exposure to USD and EUR investment grade corporate bonds, with maturity ranges from 2026 to 2030. We offer a choice of quarterly distributing or accumulating share classes which can provide a regular income stream like a bond or reinvest coupon payments until the final maturity.
USD
Invesco BulletShares USD Corporate Bond UCITS ETF
Accumulating, distributing and GBP hedged share classes available
Total expense ratio starting from 0.10% p.a
Vertaling
EUR
Invesco BulletShares EUR Corporate Bond UCITS ETF
Accumulating and distributing share classes available
Total expense ratio: 0.10% p.a.
Vertaling
Access our BulletShares UCITS ETFs
Our BulletShares UCITS ETFs provide targeted exposure to USD and EUR investment grade corporate bonds, with maturity ranges from 2026 to 2030. We offer a choice of quarterly distributing or accumulating share classes which can provide a regular income stream like a bond or reinvest coupon payments until the final maturity.
USD
Invesco BulletShares USD Corporate Bond UCITS ETF
Accumulating and distributing share classes available
Total expense ratio: 0.10% p.a
Vertaling
EUR
Invesco BulletShares EUR Corporate Bond UCITS ETF
Accumulating and distributing share classes available
Total expense ratio: 0.10% p.a.
Vertaling
GBP
Invesco BulletShares GBP Corporate Bond UCITS ETF
Accumulating and distributing share classes available
Total expense ratio: 0.10% p.a.
Vertaling
Ontdek onze BulletShares UCITS ETF’s
Onze BulletShares UCITS ETF’s bieden gerichte blootstelling aan USD en EUR investment grade bedrijfsobligaties, met een vervaldatum tussen 2026 en 2030. Wij bieden een reeks aandelenklassen die elk kwartaal rente uitkeren of opbouwen die kan dienen als een regelmatige inkomstenstroom zoals een obligatie of waarbij de couponuitkeringen tot aan de definitieve vervaldatum kunnen worden herbelegd.
Building bond ladders with BulletShares ETFs
What are BulletShares and how they can help you build bond ladders.
Vertaling: Show transcript
Build bond ladders with BulletShares ETFs
This marketing communication is for professional investors and qualified clients/sophisticated investors only. Investors should read the legal documents prior to investing.
Title screen #1: What are bond ladders?
Bond ladders are portfolios of bonds with sequential maturity dates. As bonds in the ladder mature, the proceeds can be used to cover a specific need, or they can be invested in new bonds with longer maturities. Each maturity is effectively a rung on the bond ladder, providing the investor with the choice to take the proceeds or to reinvest them. The same principle can be applied to fixed maturity ETFs as we’ll see in a moment.
But now that we understand the basics of bond ladders, let’s cover the potential benefits and how they can help investors.
Title screen #2: What are the potential benefits of bond ladders?
Bond ladders offer three main potential benefits:
- A laddered bond portfolio, consisting of staggered maturities, may reduce reinvestment risk whilst maintaining a consistent income stream.
- Bond ladders can also allow an investor to customize their portfolio’s maturity and duration profiles—or sensitivity to interest rate changes – to suit their financial goals.
- By holding bonds to maturity, it can reduce the impact of changing interest rates during an investor’s holding period. As such, bond ladders can provide potential advantages in both rising and falling interest rate environments.
Let’s explore the third benefit a bit more.
If interest rates increase, an investor would be able to reinvest the proceeds from maturing bonds in longer bonds with higher yields.
On the other hand, if interest rates decrease, an investor may choose to only reinvest a portion of the proceeds during a low-rate phase of the cycle while they wait for better opportunities in the future.
So far, we’ve only talked about bond laddering but how does that apply to BulletShares UCITS ETFs?
Title screen #3: How BulletShares ETFs can make building bond ladders easier
BulletShares defined maturity ETFs can make creating a laddered portfolio easy because they combine the benefits of individual bonds and exchange-traded funds.
Like individual bonds, BulletShares offer regular income potential (for distributing share classes), a defined termination date when the maturity proceeds are paid to investors, and control of portfolio maturity. But, because each ETF invests in a selection of bonds, they provide the diversification benefits associated with fund investment. And because they’re ETFs, our suite can offer the liquidity, transparency, and convenience provided by the ETF wrapper, all at a low cost. They allow investors to avoid the potential idiosyncratic risks, trading costs, research, and time, of building bond ladders using hundreds of individual bonds.
Our BulletShares ETFs provide targeted exposure to USD and EUR investment grade corporate bonds, with maturity ranges from 2026 to 2030.
Whatever you’re looking to accomplish with your bond portfolio, Invesco BulletShares Corporate Bond UCITS ETFs offer convenient, cost-effective solutions to help meet your potential income goals.
Investment Risks
For complete information on risks, refer to the legal documents.
Value fluctuation: The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested.
Credit risk: The creditworthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the redemption date. The risk is higher when the Fund is exposed to high yield debt securities.
Interest rates: Changes in interest rates will result in fluctuations in the value of the fund.
Securities lending: The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults.
Environmental, social and governance: The Fund intends to invest in securities of issuers that manage their ESG exposures better relative to their peers. This may affect the Fund’s exposure to certain issuers and cause the Fund to forego certain investment opportunities. The Fund may perform differently to other funds, including underperforming other funds that do not seek to invest in securities of issuers based on their ESG ratings.
Concentration: The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified.
Maturity Year Risk: The term of the Fund is limited. The Fund will be terminated on the Maturity Date.
Declining Yield Risk: During the Maturity Year, as the corporate bonds held by the Fund mature and the Fund’s portfolio transitions to cash and Treasury Securities, the Fund’s yield will generally tend to move toward the yield of cash and Treasury Securities and thus may be lower than the yields of the corporate bonds previously held by the Fund and/or prevailing yields for corporate bonds in the market.
Reinvestment Risk: The issuers of debt securities (especially those issued at high interest rates) may repay principal before the maturity of such debt securities. This may result in losses to the Fund on debt securities purchased at a premium.
Early Termination Risk: The Fund may be terminated in certain circumstances which are summarised in the section of the Prospectus titled “Termination”.
Important Information
Data as at 30.11.2023, unless otherwise stated. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change. For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Documents (local languages) and Prospectus (English, French, German), and the financial reports, available from www.invesco.eu. A summary of investor rights is available in English from www.invescomanagementcompany.ie. The management company may terminate marketing arrangements. UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them. For the full objectives and investment policy please consult the current prospectus.
Index: “Bloomberg®” and the indices referenced herein (the “Indices”, and each such index, an “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the “Financial Products”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.
Germany: German investors may obtain the offering documents free of charge in paper or electronic form from the issuer or from the German information agent (Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany).
Israel: No action has been taken or will be taken in Israel that would permit a public offering of the Fund or distribution of this document to the public. This Fund has not been approved by the Israel Securities Authority (the ISA). The Fund shall only be sold in Israel to an investor of the type listed in the First Schedule to the Israeli Securities Law, 1968, who in each case have provided written confirmation that they qualify as Sophisticated Investors, and that they are aware of the consequences of such designation and agree thereto and further that the Fund is being purchased for its own account and not for the purpose of re-sale or distribution other than, in the case of an offeree which is an Sophisticated Investor, where such offeree is purchasing product for another party which is an Sophisticated Investor. This document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent. Nothing in this document should be considered investment advice or investment marketing as defined in the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, 1995 (“the Investment Advice Law”). Neither Invesco Ltd. Nor its subsidiaries are licensed under the Investment Advice Law, nor does it carry the insurance as required of a licensee thereunder. This document does not constitute an offer to sell or solicitation of an offer to buy any securities or fund units other than the fund offered hereby, nor does it constitute an offer to sell to or solicitation of an offer to buy from any person in any state or other jurisdiction in which such offer or solicitation would be unlawful, or in which the person making such offer or solicitation is not qualified to do so, or to a person to whom it is unlawful to make such offer or solicitation.
Italy: The publication of the supplement in Italy does not imply any judgment by CONSOB on an investment in a product. The list of products listed in Italy, and the offering documents for and the supplement of each product are available: (i) at etf.invesco.com (along with the audited annual report and the unaudited half-year reports); and (ii) on the website of the Italian Stock Exchange borsaitaliana.it.
Switzerland: The representative and paying agent in Switzerland is BNP PARIBAS, Paris, Zurich Branch, Selnaustrasse 16 8002 Zürich. The Prospectus, Key Information Document, and financial reports may be obtained free of charge from the Representative. The ETFs are domiciled in Ireland EMEA 3535690 /2024
Vertaling
Build bond ladders with BulletShares ETFs
This marketing communication is for professional investors and qualified clients/sophisticated investors only. Investors should read the legal documents prior to investing.
Title screen #1: What are bond ladders?
Bond ladders are portfolios of bonds with sequential maturity dates. As bonds in the ladder mature, the proceeds can be used to cover a specific need, or they can be invested in new bonds with longer maturities. Each maturity is effectively a rung on the bond ladder, providing the investor with the choice to take the proceeds or to reinvest them. The same principle can be applied to fixed maturity ETFs as we’ll see in a moment.
But now that we understand the basics of bond ladders, let’s cover the potential benefits and how they can help investors.
Title screen #2: What are the potential benefits of bond ladders?
Bond ladders offer three main potential benefits:
- A laddered bond portfolio, consisting of staggered maturities, may reduce reinvestment risk whilst maintaining a consistent income stream.
- Bond ladders can also allow an investor to customize their portfolio’s maturity and duration profiles—or sensitivity to interest rate changes – to suit their financial goals.
- By holding bonds to maturity, it can reduce the impact of changing interest rates during an investor’s holding period. As such, bond ladders can provide potential advantages in both rising and falling interest rate environments.
Let’s explore the third benefit a bit more.
If interest rates increase, an investor would be able to reinvest the proceeds from maturing bonds in longer bonds with higher yields.
On the other hand, if interest rates decrease, an investor may choose to only reinvest a portion of the proceeds during a low-rate phase of the cycle while they wait for better opportunities in the future.
So far, we’ve only talked about bond laddering but how does that apply to BulletShares UCITS ETFs?
Title screen #3: How BulletShares ETFs can make building bond ladders easier
BulletShares defined maturity ETFs can make creating a laddered portfolio easy because they combine the benefits of individual bonds and exchange-traded funds.
Like individual bonds, BulletShares offer regular income potential (for distributing share classes), a defined termination date when the maturity proceeds are paid to investors, and control of portfolio maturity. But, because each ETF invests in a selection of bonds, they provide the diversification benefits associated with fund investment. And because they’re ETFs, our suite can offer the liquidity, transparency, and convenience provided by the ETF wrapper, all at a low cost. They allow investors to avoid the potential idiosyncratic risks, trading costs, research, and time, of building bond ladders using hundreds of individual bonds.
Our BulletShares ETFs provide targeted exposure to USD and EUR investment grade corporate bonds, with maturity ranges from 2026 to 2030.
Whatever you’re looking to accomplish with your bond portfolio, Invesco BulletShares Corporate Bond UCITS ETFs offer convenient, cost-effective solutions to help meet your potential income goals.
Investment Risks
For complete information on risks, refer to the legal documents.
Value fluctuation: The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested.
Credit risk: The creditworthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the redemption date. The risk is higher when the Fund is exposed to high yield debt securities.
Interest rates: Changes in interest rates will result in fluctuations in the value of the fund.
Securities lending: The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults.
Environmental, social and governance: The Fund intends to invest in securities of issuers that manage their ESG exposures better relative to their peers. This may affect the Fund’s exposure to certain issuers and cause the Fund to forego certain investment opportunities. The Fund may perform differently to other funds, including underperforming other funds that do not seek to invest in securities of issuers based on their ESG ratings.
Concentration: The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified.
Maturity Year Risk: The term of the Fund is limited. The Fund will be terminated on the Maturity Date.
Declining Yield Risk: During the Maturity Year, as the corporate bonds held by the Fund mature and the Fund’s portfolio transitions to cash and Treasury Securities, the Fund’s yield will generally tend to move toward the yield of cash and Treasury Securities and thus may be lower than the yields of the corporate bonds previously held by the Fund and/or prevailing yields for corporate bonds in the market.
Reinvestment Risk: The issuers of debt securities (especially those issued at high interest rates) may repay principal before the maturity of such debt securities. This may result in losses to the Fund on debt securities purchased at a premium.
Early Termination Risk: The Fund may be terminated in certain circumstances which are summarised in the section of the Prospectus titled “Termination”.
Important Information
Data as at 30.11.2023, unless otherwise stated. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change. For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Documents (local languages) and Prospectus (English, French, German), and the financial reports, available from www.invesco.eu. A summary of investor rights is available in English from www.invescomanagementcompany.ie. The management company may terminate marketing arrangements. UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them. For the full objectives and investment policy please consult the current prospectus.
Index: “Bloomberg®” and the indices referenced herein (the “Indices”, and each such index, an “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the “Financial Products”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.
Issued by: Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland. Regulated by the Central Bank in Ireland.
Building bond ladders with BulletShares ETFs
What are BulletShares and how they can help you build bond ladders.
Invesco BulletShares Corporate Bond UCITS ETFs
Onze BulletShares UCITS ETF's kunnen een kosteneffectieve en gemakkelijke benadering van portefeuilleladdering bieden. Ze combineren de voordelen van beleggen in individuele obligaties met de extra diversificatievoordelen van een ETF.
Vertaling
Over welke van onze ETF's wilt u meer weten?
Meld u aan om relevante e-mails te ontdekken en te ontvangen over ons ETF-aanbod van meer dan 130 aandelen-, grondstoffen- en vastrentende producten in een reeks strategieën.
Veelgestelde vragen over BulletShares UCITS ETF’s
BulletShares UCITS ETF’s zijn beursgenoteerde fondsen (ETF's) met een vaste vervaldatum waarmee beleggers en financiële professionals portefeuilles kunnen samenstellen gericht op specifieke aflosprofielen wat betreft investment grade credit. BulletShares combineren de precisie van individuele obligaties met specifieke vervaldatums met de mogelijke voordelen van ETF’s zoals diversificatie en transparantie.
Naarmate BulletShares UCITS ETF’s hun vervaldatum naderen, wordt de looptijd korter. In de laatste zes maanden voor de vervaldatum van een ETF zullen de obligaties in de portefeuille naar verwachting vervallen of vervroegd worden afgelost. De betreffende opbrengsten worden dan aangehouden in kortlopende Amerikaanse staatsobligaties en wissels voor BulletShares USD Corporate Bond UCITS ETF's, en Duitse en Franse wissels en obligaties voor BulletShares EUR Corporate Bond UCITS ETF's.
BulletShares UCITS ETF’s hebben vaste vervaldatums en weerspiegelen de voorkeuren van beleggers wat betreft het kopen en aanhouden van individuele obligaties tot aan de vervaldatum en kunnen dus voor obligatieladders en andere strategieën worden gebruikt. BulletShares UCITS ETF’s hebben vaste vervaljaren, die deel uitmaken van de naam van de ETF. Elke BulletShares UCITS ETF loopt medio december van het betreffende jaar af en de definitieve uitkering vindt plaats op de vervaldatum. Bij de verwachte beëindiging van elk fonds wordt de intrinsieke waarde (IW) van de ETF-assets uitgekeerd aan beleggers zonder dat zij zelf iets moeten doen.
Een obligatieladder bestaat uit individuele obligaties met wisselende vervaldatums. Wanneer de obligaties vervallen, kunnen de verwachte opbrengsten worden gebruikt als inkomstenbron of opnieuw worden belegd in nieuwe obligaties die in de jaren daarna aflopen. Beleggers kunnen obligatieladders gebruiken om enige voorspelbaarheid en stabiliteit te verkrijgen bij marktvolatiliteit en renteschommelingen. Omdat BulletShares UCITS ETF’s specifieke vervaldatums hebben, kunnen beleggers deze gebruiken voor het opbouwen van obligatieladders en zo de tijd en kosten besparen van individuele obligaties.
Ontdek onze andere ETF's
Fixed income solutions
Ontdek de diverse vastrentende strategieën van Invesco, die wereldwijde expertise en innovatieve oplossingen combineren om aan uw beleggingsbehoeften te voldoen.
Maandelijkse fixed income-update
Voor de meeste fixed income asset classes keerde in februari het tij, doordat de renteverwachtingen stegen als gevolg van sterkere gegevens. Zie hoe de fixed income asset classes vorige maand presteerden, in welke segmenten beleggers het meest geïnteresseerd waren en wat u volgens ons deze maand in de gaten zou moeten houden.
