Exchange-Traded Funds

BSJQ - Invesco BulletShares 2026 High Yield Corporate Bond ETF

Fixed Income - US Fixed Income

Product Details

The Invesco BulletShares 2026 High Yield Corporate Bond ETF (the "fund") seeks to track the investment results (before fees and expenses) of the Nasdaq BulletShares® USD High Yield Corporate Bond 2026 Index (the "underlying index"). The fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2026. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2026 and will terminate on or about Dec. 31, 2026. See the prospectus for more information.

as of 10/31/2018 09/30/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Nasdaq BulletShares USD High Yield Corporate Bond 2026 Index -0.44 -0.63 N/A N/A N/A 1.20
Bloomberg Barclays U.S. Corporate High Yield Index 2.57 3.05 8.15 5.54 9.46 0.89
Nasdaq BulletShares USD High Yield Corporate Bond 2026 Index -2.61 -2.96 N/A N/A N/A -1.00
Bloomberg Barclays U.S. Corporate High Yield Index 0.93 0.97 6.60 4.68 11.20 -0.73
Fund History (%)
Fund NAV N/A N/A N/A N/A N/A 1.66
After Tax Held N/A N/A N/A N/A N/A 1.41
After Tax Sold N/A N/A N/A N/A N/A 0.98
Fund Market Price N/A N/A N/A N/A N/A 1.71
Fund NAV N/A N/A N/A N/A N/A -1.27
After Tax Held N/A N/A N/A N/A N/A -1.63
After Tax Sold N/A N/A N/A N/A N/A -0.75
Fund Market Price N/A N/A N/A N/A N/A -1.47

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 11/09/2018

Sector Allocation

Quality Allocations as of 11/09/2018

S&P Moody's
BB : 52% Ba : 40%
B : 42% B : 54%
CCC : 4% Caa : 6%
Not Rated : 2% Not Rated : 0%

as of 11/09/2018 Maturity

Years % of Fund
0 - 1 years 0.00
1 - 5 years 0.00
5 - 10 years 100.00
10 - 15 years 0.00
15 - 20 years 0.00
20 - 25 years 0.00
25 years and over 0.00

as of 11/09/2018Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date S&P / Moody's Rating† Weight
CCO Holdings LLC / CCO Holdings Capital Corp 5.75% 02/15/2026 02/15/2021 BB/B1 4.19%
EP Energy LLC / Everest Acquisition Finance Inc 7.75% 05/15/2026 05/15/2021 B/B1 4.19%
TransDigm Inc 6.38% 06/15/2026 06/15/2021 B-/B3 4.18%
Altice US Finance I Corp 5.50% 05/15/2026 05/15/2021 BB/Ba3 4.11%
IQVIA Inc 5.00% 10/15/2026 10/15/2021 BB/Ba3 4.07%
Altice France SA/France 7.38% 05/01/2026 05/01/2021 B/B1 4.05%
Altice Financing SA 7.50% 05/15/2026 05/15/2021 B+/B1 4.00%
Virgin Media Secured Finance PLC 5.25% 01/15/2026 01/15/2020 BB-/Ba3 3.95%
Sinclair Television Group Inc 5.88% 03/15/2026 03/15/2021 B+/B1 3.04%
DISH DBS Corp 7.75% 07/01/2026 N/A B/B1 2.79%

Holdings are subject to change and are not buy/sell recommendations.

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
10/22/2018 10/23/2018 10/31/2018 0.07154 0.07154 - - -
09/24/2018 09/25/2018 09/28/2018 0.15610 0.15610 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 36 19 2 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 36 14 0 1 0 0 0

Fund Inception: 08/09/2018

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

† Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular sector, such as consumer discretionary, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. During the final year of the Fund's operations, as the bonds mature and the portfolio transitions to cash and cash equivalents, the Fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the Fund and/or bonds in the market.

An issuer may be unable or unwilling to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating. The values of junk bonds fluctuate more than those of high quality bonds and can decline significantly over short time periods.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Income generated from the Fund is based primarily on prevailing interest rates, which can vary widely over the short- and long-term. If interest rates drop, the Fund's income may drop as well. During periods of rising interest rates, an issuer may exercise its right to pay principal on an obligation later than expected, resulting in a decrease in the value of the obligation and in a decline in the Fund's income.

An issuer's ability to prepay principal prior to maturity can limit the Fund's potential gains. Prepayments may require the Fund to replace the loan or debt security with a lower yielding security, adversely affecting the Fund's yield.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

Restricted securities generally cannot be sold to the public and may involve a high degree of business, financial and liquidity risk, which may result in substantial losses to the Fund.

Unlike a direct investment in bonds, the Fund's income distributions will vary over time and the breakdown of returns between Fund distributions and liquidation proceeds are not predictable at the time of investment. For example, at times the Fund may make distributions at a greater (or lesser) rate than the coupon payments received, which will result in the Fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of Fund distribution payments may affect the tax characterization of returns, and the amount received as liquidation proceeds upon Fund termination may result in a gain or loss for tax purposes.

During periods of reduced market liquidity or in the absence of readily available market quotations for the holdings of the Fund, the ability of the Fund to value its holdings becomes more difficult and the judgment of the Sub-Adviser may play a greater role in the valuation of the Fund's holdings due to reduced availability of reliable objective pricing data.

The Fund’s use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The Bloomberg Barclays U.S. Corporate High Yield Index is an unmanaged index considered representative of fixed-rate, noninvestment-grade debt. An investment cannot be made into an index.

Nasdaq BulletShares® USD Corporate Bond Indexes are trademarks of Invesco Indexing LLC (index provider) and have been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.

as of 11/13/2018
2:23 PM EST

BSJQ
Intraday Stats

  • Last Trade $24.40
  • Current IIV $24.40
  • Change -$0.04
  • % Change -0.16%
as of 11/12/2018
  • NAV at market close $24.64

as of 11/12/2018

Fund Yield

  • SEC 30 Day Yield 6.09%
  • Distribution Rate 3.48%
  • 30-Day SEC Unsubsidized Yield
    as of 11/12/2018
    4.43%
as of 11/12/2018

Prior Close

  • Closing Price $24.44
  • Bid/Ask Midpoint $24.41
  • Bid/Ask Prem/Disc -$0.23
  • Bid/Ask Prem/Disc -0.93%
as of 11/09/2018

Fund Characteristics

  • Effective Duration 5.13 yrs
  • Modified Duration 5.74 yrs
  • Yield to Maturity 6.69%
  • Yield to Worst 6.68%
  • Years to Maturity 7.50
  • Weighted Avg Life 7.09
  • Weighted Avg Coupon 6.20%
  • Weighted Avg Price
    as of 11/09/2018
    97.00
The source of the calculation for these fund characteristics is Aladdin (BRS).

Fund Details

  • Fund Ticker BSJQ
  • CUSIP # 46138J635
  • ISIN US46138J6358
  • Intraday NAV BSJQIV
  • Index Ticker BSJKQ
  • Index Provider Invesco Indexing LLC
  • Management Fee 0.42%
  • Total Expense Ratio 0.42%
  • Options No
  • Exchange NYSE Arca
  • Inception Date 08/09/2018
  • # of Holdings 48
    as of 11/09/2018
as of 11/13/2018

Quick Facts

  • Previous Close $24.44
  • Open $24.41
  • Today's High $24.41
  • Today's Low $24.40
  • Today's Volume 443
  • 2,907 30-Day Avg Trading
    Volume
  • 52 Week High $25.32
  • 52 Week Low $24.37
  • Shares Outstanding .20MM
  • Market Value $4.9MM