LDRI - Invesco LadderRite 0-5 Year Corporate Bond ETF

Fixed Income - US Fixed Income

Product Details

The Invesco LadderRite 0-5 Year Corporate Bond ETF (Fund) is based on the NASDAQ LadderRite® 0-5 Year USD Corporate Bond Index (Index). The Fund will normally invest at least 80% of its total assets in short-term investment grade corporate bonds that comprise the Index. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to help to achieve its investment objective, which seeks to track the investment results (before fees and expenses) of the Index. The Fund and Index are rebalanced monthly.

as of 06/30/2019

Morningstar Rating

Overall Rating - Short-Term Bond Category

As of 06/30/2019 the Fund had an overall rating of 4 stars out of 478 funds and was rated 4 stars out of 478 funds, N/A stars out of N/A funds and N/A stars out of N/A funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2019 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 06/30/2019 06/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
NASDAQ LadderRite 0-5 Year USD Corporate Bond Index 4.15 5.68 2.48 N/A N/A 2.39
ICE BofAML 0-5 Year US Corporate Index 4.33 5.90 2.61 2.41 N/A 2.53
NASDAQ LadderRite 0-5 Year USD Corporate Bond Index 4.15 5.68 2.48 N/A N/A 2.39
ICE BofAML 0-5 Year US Corporate Index 4.33 5.90 2.61 2.41 N/A 2.53
Fund History (%)
Fund NAV 4.04 5.45 2.25 N/A N/A 2.08
After Tax Held 3.50 4.37 1.36 N/A N/A 1.27
After Tax Sold 2.39 3.20 1.32 N/A N/A 1.22
Fund Market Price 5.21 5.50 2.04 N/A N/A 2.03
Fund NAV 4.04 5.45 2.25 N/A N/A 2.08
After Tax Held 3.50 4.37 1.36 N/A N/A 1.27
After Tax Sold 2.39 3.20 1.32 N/A N/A 1.22
Fund Market Price 5.21 5.50 2.04 N/A N/A 2.03

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. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 06/30/2019

Growth of $10,000

Data beginning Fund inception and ending 06/30/2019. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 07/18/2019

Industry Allocations

as of 07/18/2019

Sector Allocation

as of 07/18/2019

Top Country Allocation

Quality Allocations as of 07/18/2019

S&P Moody's
AAA : 2% Aaa : 3%
AA : 10% Aa : 14%
A : 43% A : 40%
BBB : 45% Baa : 41%
BB : 1% Ba : 2%
Not Rated : 0% Not Rated : 1%

Cash is excluded from the credit rating quality allocations table.

as of 07/18/2019 Maturity

Years % of Fund
0 - 1 years 18.13
1 - 5 years 81.87
5 - 10 years 0.00
10 - 15 years 0.00
15 - 20 years 0.00
20 - 25 years 0.00
25 years and over 0.00

as of 07/18/2019Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date S&P / Moody's Rating† Weight
HSBC Holdings PLC 2.65% 01/05/2022 A/A2 2.03%
Verizon Communications Inc 5.15% 09/15/2023 BBB+/Baa1 1.13%
Crown Castle International Corp 5.25% 01/15/2023 BBB-/Baa3 1.10%
Royal Bank of Scotland Group PLC 6.10% 06/10/2023 BB+/Baa3 1.10%
Republic Services Inc 4.75% 05/15/2023 BBB+/Baa2 1.10%
HCA Inc 4.75% 05/01/2023 BBB-/Baa3 1.09%
Williams Cos Inc/The 4.30% 03/04/2024 BBB/Baa3 1.08%
American International Group Inc 6.40% 12/15/2020 BBB+/Baa1 1.07%
Starbucks Corp 3.85% 10/01/2023 BBB+/Baa1 1.07%
Hewlett Packard Enterprise Co 4.40% 10/15/2022 BBB/Baa2 1.07%

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
07/22/2019 07/23/2019 07/31/2019 0.05497 0.05497 - - -
06/24/2019 06/25/2019 06/28/2019 0.05401 0.05401 - - -
05/20/2019 05/21/2019 05/31/2019 0.05570 0.05570 - - -
04/22/2019 04/23/2019 04/30/2019 0.05287 0.05287 - - -
03/18/2019 03/19/2019 03/29/2019 0.05234 0.05234 - - -
02/19/2019 02/20/2019 02/28/2019 0.05116 - - - -
01/22/2019 01/23/2019 01/31/2019 0.05162 0.05162 - - -
12/24/2018 12/26/2018 12/31/2018 0.06214 0.06214 - - -
11/19/2018 11/20/2018 11/30/2018 0.05087 0.05087 - - -
10/22/2018 10/23/2018 10/31/2018 0.05000 0.05000 - - -
09/24/2018 09/25/2018 09/28/2018 0.04809 0.04809 - - -
08/20/2018 08/21/2018 08/31/2018 0.04500 0.04500 - - -
07/23/2018 07/24/2018 07/31/2018 0.04300 0.04300 - - -
06/18/2018 06/19/2018 06/29/2018 0.04250 0.04250 - - -
05/21/2018 05/22/2018 05/31/2018 0.04200 0.04200 - - -
04/23/2018 04/24/2018 04/30/2018 0.04184 0.04184 - - -
03/19/2018 03/20/2018 03/29/2018 0.04145 0.04145 - - -
02/20/2018 02/21/2018 02/28/2018 0.04019 0.04019 - - -
01/22/2018 01/23/2018 01/31/2018 0.04089 0.04089 - - -
12/18/2017 12/19/2017 12/29/2017 0.04500 0.04500 - - -
11/20/2017 11/21/2017 11/30/2017 0.04058 0.04058 - - -
10/23/2017 10/24/2017 10/31/2017 0.03831 0.03831 - - -
09/18/2017 09/19/2017 09/29/2017 0.03778 0.03778 - - -
08/15/2017 08/17/2017 08/31/2017 0.03867 0.03867 - - -
07/14/2017 07/18/2017 07/31/2017 0.03812 0.03812 - - -
06/15/2017 06/19/2017 06/30/2017 0.03757 0.03757 - - -
05/15/2017 05/17/2017 05/31/2017 0.03863 0.03863 - - -
04/13/2017 04/18/2017 04/28/2017 0.03687 0.03687 - - -
03/15/2017 03/17/2017 03/31/2017 0.03702 0.03702 - - -
02/15/2017 02/17/2017 02/28/2017 0.03582 0.03582 - - -
01/13/2017 01/18/2017 01/31/2017 0.03811 0.03811 - - -
12/15/2016 12/19/2016 12/30/2016 0.03673 0.03673 - - -
11/15/2016 11/17/2016 11/30/2016 0.03629 0.03629 - - -
10/14/2016 10/18/2016 10/31/2016 0.03424 0.03424 - - -
09/15/2016 09/19/2016 09/30/2016 0.03552 0.03552 - - -
08/15/2016 08/17/2016 08/31/2016 0.03729 0.03729 - - -
07/15/2016 07/19/2016 07/29/2016 0.03893 0.03893 - - -
06/15/2016 06/17/2016 06/30/2016 0.03887 0.03887 - - -
05/13/2016 05/17/2016 05/31/2016 0.03887 0.03887 - - -
04/15/2016 04/19/2016 04/29/2016 0.03756 0.03756 - - -
03/15/2016 03/17/2016 03/31/2016 0.03714 0.03714 - - -
02/12/2016 02/17/2016 02/29/2016 0.03451 0.03451 - - -
01/15/2016 01/20/2016 01/29/2016 0.03500 0.03500 - - -
12/24/2015 12/29/2015 12/31/2015 0.03523 - 0.03459 0.00064 -
12/15/2015 12/17/2015 12/31/2015 0.04250 0.04250 - - -
11/13/2015 11/17/2015 11/30/2015 0.03100 0.03100 - - -
10/15/2015 10/19/2015 10/30/2015 0.02805 0.02805 - - -
09/15/2015 09/17/2015 09/30/2015 0.02909 0.02909 - - -
08/14/2015 08/18/2015 08/31/2015 0.02965 0.02965 - - -
07/15/2015 07/17/2015 07/31/2015 0.02629 0.02629 - - -
06/15/2015 06/17/2015 06/30/2015 0.02620 0.02620 - - -
05/15/2015 05/19/2015 05/29/2015 0.02660 0.02660 - - -
04/15/2015 04/17/2015 04/30/2015 0.02681 0.02681 - - -
03/13/2015 03/17/2015 03/31/2015 0.02449 0.02449 - - -
02/13/2015 02/18/2015 02/27/2015 0.02574 0.02574 - - -
01/15/2015 01/20/2015 01/30/2015 0.02700 0.02700 - - -
12/15/2014 12/17/2014 12/31/2014 0.02506 0.02506 - - -
11/14/2014 11/18/2014 11/28/2014 0.02266 0.02266 - - -
10/15/2014 10/17/2014 10/31/2014 0.02500 0.02500 - - -

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%
03/31/2019 61 3 0 0 0 0 0
12/31/2018 63 2 1 0 2 0 0
09/30/2018 63 2 1 0 0 0 0
06/30/2018 64 0 0 0 0 0 0
Year Ended 2018 251 8 2 0 2 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%
03/31/2019 61 57 1 0 0 0 0
12/31/2018 63 54 2 1 1 0 0
09/30/2018 63 48 12 0 0 0 0
06/30/2018 64 48 13 3 0 0 0
Year Ended 2018 251 201 33 4 1 0 0

Fund Inception: 09/10/2014

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

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

† 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.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer’s credit rating.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

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

The Fund will invest in bonds with short- or intermediate-term (five years or less) maturity which may have additional risks, including interest rate changes over the life of the bond. The average maturity of the Fund's investments will affect the volatility of the Fund's share price.

The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.

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.

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

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.

Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The ICE BofAML 0-5 Year US Corporate Index tracks the performance of US dollar denominated investment grade corporate debt publicly issued in the US domestic market.

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 NASDAQ LadderRite® 0-5 Year USD Corporate Bond Index is a trademark jointly owned by The NASDAQ OMX Group, Inc. and LadderRite Portfolios LLC and has been licensed for use for certain purposes by the Adviser. The Fund is not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group, Inc., LadderRite Portfolios LLC or their affiliates (collectively referred to as the "Corporations"). The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Fund. The Corporations make no representation or warranty, express or implied to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly, or the ability of the Fund's Underlying Index to track general stock market performance. The Corporations' only relationship to the Adviser is in the licensing of the trade/service marks of NASDAQ OMX®, and the NASDAQ LadderRite® 0-5 Year USD Corporate Bond Index, and certain trade names of the Corporations and the use of the NASDAQ LadderRite® 0-5 Year USD Corporate Bond Index, which is determined, composed and calculated by NASDAQ OMX without regard to the Adviser or the Fund. NASDAQ OMX has no obligation to take the needs of the Adviser or the owners of the Fund into consideration in determining, composing or calculating the NASDAQ LadderRite® 0-5 Year USD Corporate Bond Index. The Corporations are not responsible for, and have not participated in, the determination of the timing of, prices at, or quantities of the Fund to be issued or in the determination or calculation of the equation by which the Fund is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Fund. "NASDAQ®" is a registered trademark and is used under license. "LadderRite®" is a registered trademark and is used under license.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 07/19/2019
2:08 PM EST

LDRI
Intraday Stats

  • Last Trade $25.19
  • Current IIV $25.25
  • Change $0.00
  • % Change 0.00%
as of 07/18/2019
  • NAV at market close $25.26

as of 07/18/2019

Fund Yield

  • SEC 30 Day Yield 2.05%
  • Distribution Rate 2.57%
  • 12 Month Distribution Rate 2.44%
  • 30-Day SEC Unsubsidized Yield
    as of 07/18/2019
    2.05%
as of 07/18/2019

Prior Close

  • Closing Price $25.19
  • Bid/Ask Midpoint $25.26
  • Bid/Ask Prem/Disc -
  • Bid/Ask Prem/Disc -
as of 07/12/2019

Fund Characteristics

  • Effective Duration 2.25 yrs
  • Modified Duration 2.23 yrs
  • Yield to Maturity 2.48%
  • Yield to Worst 2.45%
  • Years to Maturity 2.46
  • Weighted Avg Coupon 3.49%
  • Weighted Avg Price
    as of 07/18/2019
    102.41
As of June 5, 2015, the source of the calculation for these fund characteristics was changed from Aladdin (BRS) to Bloomberg.

Fund Details

  • Fund Ticker LDRI
  • CUSIP # 46138E560
  • ISIN US46138E5603
  • Intraday NAV LDRIIV
  • Index Ticker LDRIG05
  • Index Provider NASDAQ
  • Management Fee 0.22%
  • Total Expense Ratio 0.22%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 09/10/2014
  • # of Holdings 111
    as of 07/18/2019
as of 07/19/2019

Quick Facts

  • Previous Close $25.19
  • Open $25.19
  • Today's High $25.19
  • Today's Low $25.17
  • Today's Volume 3,832
  • 2,799 30-Day Avg Trading
    Volume
  • 52 Week High $25.41
  • 52 Week Low $23.97
  • Shares Outstanding .40MM
  • Market Value $10.1MM