Product details
The Invesco Senior Loan ETF (Fund) is based on the Morningstar LSTA US Leveraged Loan 100 Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. 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 and reconstituted bi-annually, in June and December.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
Morningstar LSTA US Leveraged Loan 100 Index-TR (USD) | 8.78 | 9.64 | 4.97 | 4.15 | 3.80 | 3.95 |
Morningstar LSTA US Leveraged Loan Total Return Index (USD) | 9.11 | 9.42 | 5.97 | 4.40 | 4.22 | 4.33 |
Bloomberg US Aggregate Bond Index-TR | 1.37 | -1.19 | -4.41 | 0.49 | 1.48 | 1.92 |
Fund History (%) | ||||||
Fund NAV | 7.79 | 8.44 | 3.79 | 2.98 | 2.83 | 3.11 |
After Tax Held | 5.33 | 4.92 | 1.75 | 1.01 | 0.99 | 1.29 |
After Tax Sold | 4.57 | 4.90 | 2.02 | 1.42 | 1.33 | 1.58 |
Fund Market Price | 8.69 | 9.04 | 3.71 | 3.06 | 2.85 | 3.08 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
Morningstar LSTA US Leveraged Loan 100 Index-TR (USD) | 6.37 | 11.78 | 5.40 | 3.97 | 3.67 | 3.81 |
Morningstar LSTA US Leveraged Loan Total Return Index (USD) | 6.48 | 10.71 | 6.31 | 4.13 | 4.07 | 4.18 |
Bloomberg US Aggregate Bond Index-TR | 2.09 | -0.94 | -3.96 | 0.77 | 1.52 | 2.01 |
Fund History (%) | ||||||
Fund NAV | 5.69 | 10.34 | 4.12 | 2.83 | 2.71 | 2.99 |
After Tax Held | 3.97 | 7.16 | 2.23 | 0.94 | 0.90 | 1.20 |
After Tax Sold | 3.35 | 6.05 | 2.34 | 1.35 | 1.25 | 1.50 |
Fund Market Price | 6.68 | 11.51 | 4.16 | 2.95 | 2.72 | 2.97 |
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.
Growth of $10,000
Data beginning Fund inception and ending 06/30/2023. 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.
Quality Allocations† as of 09/29/2023
S&P | Moody's |
---|---|
BBB : 4% | Baa : 2% |
BB : 14% | Ba : 16% |
B : 43% | B : 43% |
CCC : 1% | Caa : 0% |
Not Rated : 0% | Not Rated : 9% |
Credit rating quality allocations data applies to securities only — not money market instruments.
Maturity
Years | % of Fund |
---|---|
0 - 1 years | 19.43 |
1 - 5 years | 57.04 |
5 - 10 years | 23.53 |
10 - 15 years | 0.00 |
15 - 20 years | 0.00 |
20 - 25 years | 0.00 |
25 years and over | 0.00 |
Asset Type Allocation
as of 09/29/2023 Top Fixed-Income Holdings | View All
Holding Name | Coupon Rate | Maturity Date | S&P / Moody's Rating† | Weight |
---|---|---|---|---|
PREMIER US GOVERNMENT PORTFOLIO | 5.23% | NR/NR | 19.30% | |
ATHENAHEALTH, I | 8.57% | 02/15/2029 | B-/B2 | 1.60% |
Peraton Corp | 9.17% | 02/01/2028 | B/B1 | 1.57% |
Mozart Debt Mer | 8.68% | 10/23/2028 | B+/B1 | 1.43% |
McAfee corp | 9.18% | 03/01/2029 | B-/B2 | 1.34% |
Hub International Limited | 9.58% | 06/08/2030 | B/B2 | 1.29% |
Bass Pro Group, LLC | 9.18% | 03/06/2028 | NR/B1 | 1.20% |
Ultimate Software Group, Inc. | 8.62% | 05/04/2026 | NR/NR | 1.19% |
IRB Holding Corporation | 8.43% | 12/15/2027 | B+/B2 | 1.16% |
MILANO ACQUISITION CORP | 9.49% | 10/01/2027 | B+/B2 | 1.09% |
Holdings are subject to change and are not buy/sell recommendations.
Distributions | Hide View All | Distribution Information
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.16981 | 0.16981 | - | - | - | - |
08/21/2023 | 08/22/2023 | 08/25/2023 | 0.17416 | 0.17416 | - | - | - | - |
07/24/2023 | 07/25/2023 | 07/28/0203 | 0.16950 | 0.16950 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.16069 | 0.16069 | - | - | - | - |
05/22/2023 | 05/23/2023 | 05/26/2023 | 0.15168 | 0.15168 | - | - | - | - |
04/24/2023 | 04/25/2023 | 04/28/2023 | 0.14388 | 0.14388 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.13715 | 0.13715 | - | - | - | - |
02/21/2023 | 02/22/2023 | 02/24/2023 | 0.13112 | 0.13112 | - | - | - | - |
01/23/2023 | 01/24/2023 | 01/27/2023 | 0.12212 | 0.12212 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.20618 | 0.20618 | - | - | - | - |
11/21/2022 | 11/22/2022 | 11/25/2022 | 0.11462 | 0.11462 | - | - | - | - |
10/24/2022 | 10/25/2022 | 10/28/2022 | 0.09637 | 0.09637 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.08657 | 0.08657 | - | - | - | - |
08/22/2022 | 08/23/2022 | 08/26/2022 | 0.07856 | 0.07856 | - | - | - | - |
07/18/2022 | 07/19/2022 | 07/22/2022 | 0.07105 | 0.07105 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.06605 | 0.06605 | - | - | - | - |
05/23/2022 | 05/24/2022 | 05/31/2022 | 0.06104 | 0.06104 | - | - | - | - |
04/18/2022 | 04/19/2022 | 04/29/2022 | 0.05938 | 0.05938 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.05825 | 0.05825 | - | - | - | - |
02/22/2022 | 02/23/2022 | 02/28/2022 | 0.05770 | 0.05770 | - | - | - | - |
01/24/2022 | 01/25/2022 | 01/31/2022 | 0.05726 | 0.05726 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.05612 | 0.05612 | - | - | - | - |
11/22/2021 | 11/23/2021 | 11/30/2021 | 0.05662 | 0.05662 | - | - | - | - |
10/18/2021 | 10/19/2021 | 10/29/2021 | 0.05651 | 0.05651 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.05541 | 0.05541 | - | - | - | - |
08/23/2021 | 08/24/2021 | 08/31/2021 | 0.05434 | 0.05434 | - | - | - | - |
07/19/2021 | 07/20/2021 | 07/30/2021 | 0.05337 | 0.05337 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.05413 | 0.05413 | - | - | - | - |
05/24/2021 | 05/25/2021 | 05/28/2021 | 0.05423 | 0.05423 | - | - | - | - |
04/19/2021 | 04/20/2021 | 04/30/2021 | 0.05756 | 0.05756 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.06070 | 0.06070 | - | - | - | - |
02/22/2021 | 02/23/2021 | 02/26/2021 | 0.06333 | 0.06333 | - | - | - | - |
01/19/2021 | 01/20/2021 | 01/29/2021 | 0.06500 | 0.06500 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.06497 | 0.06497 | - | - | - | - |
11/23/2020 | 11/24/2020 | 11/30/2020 | 0.06294 | 0.06294 | - | - | - | - |
10/19/2020 | 10/20/2020 | 10/30/2020 | 0.05995 | 0.05995 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.05678 | 0.05678 | - | - | - | - |
08/24/2020 | 08/25/2020 | 08/31/2020 | 0.05321 | 0.05321 | - | - | - | - |
07/20/2020 | 07/21/2020 | 07/31/2020 | 0.05641 | 0.05641 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.05587 | 0.05587 | - | - | - | - |
05/18/2020 | 05/19/2020 | 05/29/2020 | 0.06055 | 0.06055 | - | - | - | - |
04/20/2020 | 04/21/2020 | 04/30/2020 | 0.07824 | 0.07824 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.07977 | 0.07977 | - | - | - | - |
02/24/2020 | 02/25/2020 | 02/28/2020 | 0.08005 | 0.08005 | - | - | - | - |
01/21/2020 | 01/22/2020 | 01/31/2020 | 0.08394 | 0.08394 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.08702 | 0.08702 | - | - | - | - |
11/18/2019 | 11/19/2019 | 11/29/2019 | 0.08702 | 0.08702 | - | - | - | - |
10/21/2019 | 10/22/2019 | 10/31/2019 | 0.09023 | 0.09023 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.09345 | 0.09345 | - | - | - | - |
08/19/2019 | 08/20/2019 | 08/30/2019 | 0.09683 | 0.09683 | - | - | - | - |
07/22/2019 | 07/23/2019 | 07/31/2019 | 0.09788 | 0.09788 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.09885 | 0.09885 | - | - | - | - |
05/20/2019 | 05/21/2019 | 05/31/2019 | 0.09520 | 0.09520 | - | - | - | - |
04/22/2019 | 04/23/2019 | 04/30/2019 | 0.09118 | 0.09118 | - | - | - | - |
03/18/2019 | 03/19/2019 | 03/29/2019 | 0.08543 | 0.08543 | - | - | - | - |
02/19/2019 | 02/20/2019 | 02/28/2019 | 0.09489 | - | - | - | - | - |
01/22/2019 | 01/23/2019 | 01/31/2019 | 0.09188 | 0.09188 | - | - | - | - |
12/24/2018 | 12/26/2018 | 12/31/2018 | 0.14204 | 0.14204 | - | - | - | - |
11/19/2018 | 11/20/2018 | 11/30/2018 | 0.08504 | 0.08504 | - | - | - | - |
10/22/2018 | 10/23/2018 | 10/31/2018 | 0.08033 | 0.08033 | - | - | - | - |
09/24/2018 | 09/25/2018 | 09/28/2018 | 0.07913 | 0.07913 | - | - | - | - |
08/20/2018 | 08/21/2018 | 08/31/2018 | 0.08000 | 0.08000 | - | - | - | - |
07/23/2018 | 07/24/2018 | 07/31/2018 | 0.08000 | 0.08000 | - | - | - | - |
06/18/2018 | 06/19/2018 | 06/29/2018 | 0.07913 | 0.07913 | - | - | - | - |
05/21/2018 | 05/22/2018 | 05/31/2018 | 0.07417 | 0.07417 | - | - | - | - |
04/23/2018 | 04/24/2018 | 04/30/2018 | 0.07164 | 0.07164 | - | - | - | - |
03/19/2018 | 03/20/2018 | 03/29/2018 | 0.07583 | 0.07583 | - | - | - | - |
02/20/2018 | 02/21/2018 | 02/28/2018 | 0.07013 | 0.07013 | - | - | - | - |
01/22/2018 | 01/23/2018 | 01/31/2018 | 0.06604 | 0.06604 | - | - | - | - |
12/18/2017 | 12/19/2017 | 12/29/2017 | 0.07750 | 0.07750 | - | - | - | - |
11/20/2017 | 11/21/2017 | 11/30/2017 | 0.06280 | 0.06280 | - | - | - | - |
10/23/2017 | 10/24/2017 | 10/31/2017 | 0.07000 | 0.07000 | - | - | - | - |
09/18/2017 | 09/19/2017 | 09/29/2017 | 0.07006 | 0.07006 | - | - | - | - |
08/15/2017 | 08/17/2017 | 08/31/2017 | 0.06905 | 0.06905 | - | - | - | - |
07/14/2017 | 07/18/2017 | 07/31/2017 | 0.06430 | 0.06430 | - | - | - | - |
06/15/2017 | 06/19/2017 | 06/30/2017 | 0.06310 | 0.06310 | - | - | - | - |
05/15/2017 | 05/17/2017 | 05/31/2017 | 0.06334 | 0.06334 | - | - | - | - |
04/13/2017 | 04/18/2017 | 04/28/2017 | 0.06462 | 0.06462 | - | - | - | - |
03/15/2017 | 03/17/2017 | 03/31/2017 | 0.06500 | 0.06500 | - | - | - | - |
02/15/2017 | 02/17/2017 | 02/28/2017 | 0.06750 | 0.06750 | - | - | - | - |
01/13/2017 | 01/18/2017 | 01/31/2017 | 0.07000 | 0.07000 | - | - | - | - |
12/15/2016 | 12/19/2016 | 12/30/2016 | 0.08001 | 0.08001 | - | - | - | - |
11/15/2016 | 11/17/2016 | 11/30/2016 | 0.07106 | 0.07106 | - | - | - | - |
10/14/2016 | 10/18/2016 | 10/31/2016 | 0.08250 | 0.08250 | - | - | - | - |
09/15/2016 | 09/19/2016 | 09/30/2016 | 0.09750 | 0.09750 | - | - | - | - |
08/15/2016 | 08/17/2016 | 08/31/2016 | 0.09750 | 0.09750 | - | - | - | - |
07/15/2016 | 07/19/2016 | 07/29/2016 | 0.09750 | 0.09750 | - | - | - | - |
06/15/2016 | 06/17/2016 | 06/30/2016 | 0.09500 | 0.09500 | - | - | - | - |
05/13/2016 | 05/17/2016 | 05/31/2016 | 0.09500 | 0.09500 | - | - | - | - |
04/15/2016 | 04/19/2016 | 04/29/2016 | 0.09000 | 0.09000 | - | - | - | - |
03/15/2016 | 03/17/2016 | 03/31/2016 | 0.08600 | 0.08600 | - | - | - | - |
02/12/2016 | 02/17/2016 | 02/29/2016 | 0.08400 | 0.08400 | - | - | - | - |
01/15/2016 | 01/20/2016 | 01/29/2016 | 0.08350 | 0.08350 | - | - | - | - |
12/15/2015 | 12/17/2015 | 12/31/2015 | 0.08248 | 0.08248 | - | - | - | - |
11/13/2015 | 11/17/2015 | 11/30/2015 | 0.08081 | 0.08081 | - | - | - | - |
10/15/2015 | 10/19/2015 | 10/30/2015 | 0.08027 | 0.08027 | - | - | - | - |
09/15/2015 | 09/17/2015 | 09/30/2015 | 0.07964 | 0.07964 | - | - | - | - |
08/14/2015 | 08/18/2015 | 08/31/2015 | 0.07852 | 0.07852 | - | - | - | - |
07/15/2015 | 07/17/2015 | 07/31/2015 | 0.07624 | 0.07624 | - | - | - | - |
06/15/2015 | 06/17/2015 | 06/30/2015 | 0.07537 | 0.07537 | - | - | - | - |
05/15/2015 | 05/19/2015 | 05/29/2015 | 0.07440 | 0.07440 | - | - | - | - |
04/15/2015 | 04/17/2015 | 04/30/2015 | 0.07346 | 0.07346 | - | - | - | - |
03/13/2015 | 03/17/2015 | 03/31/2015 | 0.07304 | 0.07304 | - | - | - | - |
02/13/2015 | 02/18/2015 | 02/27/2015 | 0.07389 | 0.07389 | - | - | - | - |
01/15/2015 | 01/20/2015 | 01/30/2015 | 0.07500 | 0.07500 | - | - | - | - |
12/15/2014 | 12/17/2014 | 12/31/2014 | 0.07600 | 0.07600 | - | - | - | - |
11/14/2014 | 11/18/2014 | 11/28/2014 | 0.08000 | 0.08000 | - | - | - | - |
10/15/2014 | 10/17/2014 | 10/31/2014 | 0.08928 | 0.08928 | - | - | - | - |
09/15/2014 | 09/17/2014 | 09/30/2014 | 0.08569 | 0.08569 | - | - | - | - |
08/15/2014 | 08/19/2014 | 08/29/2014 | 0.08380 | 0.08380 | - | - | - | - |
07/15/2014 | 07/17/2014 | 07/31/2014 | 0.08224 | 0.08224 | - | - | - | - |
06/13/2014 | 06/17/2014 | 06/30/2014 | 0.08116 | 0.08116 | - | - | - | - |
05/15/2014 | 05/19/2014 | 05/30/2014 | 0.08102 | 0.08102 | - | - | - | - |
04/15/2014 | 04/17/2014 | 04/30/2014 | 0.08025 | 0.08025 | - | - | - | - |
03/14/2014 | 03/18/2014 | 03/31/2014 | 0.08259 | 0.08259 | - | - | - | - |
02/14/2014 | 02/19/2014 | 02/28/2014 | 0.08348 | 0.08348 | - | - | - | - |
01/15/2014 | 01/17/2014 | 01/31/2014 | 0.08409 | 0.08409 | - | - | - | - |
12/13/2013 | 12/17/2013 | 12/31/2013 | 0.08406 | 0.08406 | - | - | - | - |
11/15/2013 | 11/19/2013 | 11/29/2013 | 0.08434 | 0.08434 | - | - | - | - |
10/15/2013 | 10/17/2013 | 10/31/2013 | 0.08300 | 0.08300 | - | - | - | - |
09/13/2013 | 09/17/2013 | 09/30/2013 | 0.08300 | 0.08300 | - | - | - | - |
08/15/2013 | 08/19/2013 | 08/30/2013 | 0.09000 | 0.09000 | - | - | - | - |
07/15/2013 | 07/17/2013 | 07/31/2013 | 0.09050 | 0.09050 | - | - | - | - |
06/14/2013 | 06/18/2013 | 06/28/2013 | 0.09012 | 0.09012 | - | - | - | - |
05/15/2013 | 05/17/2013 | 05/31/2013 | 0.09213 | 0.09213 | - | - | - | - |
04/15/2013 | 04/17/2013 | 04/30/2013 | 0.09536 | 0.09536 | - | - | - | - |
03/15/2013 | 03/19/2013 | 03/28/2013 | 0.09570 | 0.09570 | - | - | - | - |
02/15/2013 | 02/20/2013 | 02/28/2013 | 0.10025 | 0.10025 | - | - | - | - |
01/15/2013 | 01/17/2013 | 01/31/2013 | 0.10642 | 0.10642 | - | - | - | - |
12/14/2012 | 12/18/2012 | 12/31/2012 | 0.09750 | 0.09750 | - | - | - | - |
11/15/2012 | 11/19/2012 | 11/30/2012 | 0.10027 | 0.10027 | - | - | - | - |
10/15/2012 | 10/17/2012 | 10/31/2012 | 0.10307 | 0.10307 | - | - | - | - |
09/14/2012 | 09/18/2012 | 09/28/2012 | 0.09115 | 0.09115 | - | - | - | - |
08/15/2012 | 08/17/2012 | 08/31/2012 | 0.09103 | 0.09103 | - | - | - | - |
07/13/2012 | 07/17/2012 | 07/31/2012 | 0.10412 | 0.10412 | - | - | - | - |
06/15/2012 | 06/19/2012 | 06/29/2012 | 0.09983 | 0.09983 | - | - | - | - |
05/15/2012 | 05/17/2012 | 05/31/2012 | 0.10476 | 0.10476 | - | - | - | - |
04/13/2012 | 04/17/2012 | 04/30/2012 | 0.10697 | 0.10697 | - | - | - | - |
03/15/2012 | 03/19/2012 | 03/30/2012 | 0.10100 | 0.10100 | - | - | - | - |
02/15/2012 | 02/17/2012 | 02/29/2012 | 0.10120 | 0.10120 | - | - | - | - |
01/13/2012 | 01/18/2012 | 01/31/2012 | 0.09984 | 0.09984 | - | - | - | - |
12/15/2011 | 12/19/2011 | 12/30/2011 | 0.11592 | 0.11592 | - | - | - | - |
11/15/2011 | 11/17/2011 | 11/30/2011 | 0.10292 | 0.10292 | - | - | - | - |
10/14/2011 | 10/18/2011 | 10/31/2011 | 0.11557 | 0.11557 | - | - | - | - |
09/15/2011 | 09/19/2011 | 09/30/2011 | 0.08600 | 0.08600 | - | - | - | - |
08/15/2011 | 08/17/2011 | 08/31/2011 | 0.08317 | 0.08317 | - | - | - | - |
07/15/2011 | 07/19/2011 | 07/29/2011 | 0.07568 | 0.07568 | - | - | - | - |
06/15/2011 | 06/17/2011 | 06/30/2011 | 0.07726 | 0.07726 | - | - | - | - |
05/13/2011 | 05/17/2011 | 05/31/2011 | 0.07600 | 0.07600 | - | - | - | - |
04/15/2011 | 04/19/2011 | 04/29/2011 | 0.07357 | 0.07357 | - | - | - | - |
Distribution Information
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
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% |
06/30/2023 | 62 | 5 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 9 | 1 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 15 | 4 | 5 | 0 | 0 | 0 |
09/30/2022 | 64 | 12 | 4 | 1 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 42 | 12 | 6 | 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% |
06/30/2023 | 62 | 36 | 20 | 1 | 0 | 0 | 0 |
03/31/2023 | 62 | 29 | 18 | 5 | 0 | 0 | 0 |
12/31/2022 | 63 | 14 | 12 | 13 | 0 | 0 | 0 |
09/30/2022 | 64 | 14 | 15 | 17 | 1 | 0 | 0 |
Year Ended 2022 | 251 | 71 | 66 | 49 | 4 | 0 | 1 |
Fund Inception : 03/03/2011
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.
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.
Fund Documents
Materials & Resources
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.
Most senior loans are made to corporations with below investment-grade credit ratings and are subject to significant credit, valuation and liquidity risk. The value of the collateral securing a loan may not be sufficient to cover the amount owed, may be found invalid or may be used to pay other outstanding obligations of the borrower under applicable law. There is also the risk that the collateral may be difficult to liquidate, or that a majority of the collateral may be illiquid.
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.
Non-investment grade securities may be subject to greater price volatility due to specific corporate developments, interest-rate sensitivity, negative perceptions of the market, adverse economic and competitive industry conditions and decreased market liquidity.
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 is non-diversified and may experience greater volatility than a more diversified investment.
Reinvestment risk is the risk that a bond’s cash flows (coupon income and principal repayment) will be reinvested at an interest rate below that on the original bond.
The Fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.
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 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.
Under a participation in senior loans, the fund generally will have rights that are more limited than those of lenders or of persons who acquire a senior loan by assignment. In a participation, the fund assumes the credit risk of the lender selling the participation in addition to the credit risk of the borrower. In the event of the insolvency of the lender selling the participation, the fund may be treated as a general creditor of the lender and may not have a senior claim to the lender's interest in the senior loan. Certain participations in senior loans are illiquid and difficult to value.
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 or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Fund invests in financial instruments that use the London Interbank Offered Rate (“LIBOR”) as a reference or benchmark rate for variable interest rate calculations. LIBOR will be phased out by the end of 2021, and it's anticipated that LIBOR will cease to be published after that time. To assist with the transition, US dollar LIBOR rates will continue to be published until June 2023. There is uncertainty on the effects of the LIBOR transition process, therefore any impact of the LIBOR transition on the Fund or its investments cannot yet be determined. There is no assurance an alternative rate will be similar to, produce the same value or economic equivalence or instruments using the rate will have the same volume or liquidity as LIBOR. Any effects of LIBOR transition and the adoption of alternative rates could result in losses to the Fund.
The Barclays U.S. Aggregate Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.
The Morningstar® LSTA® US Leveraged Loan 100 IndexTM (the “Underlying Index”) is a product of Morningstar, Inc. (“Morningstar”) licensed for use by Invesco Capital Management LLC (the “Adviser”). Morningstar® is a registered trademark of Morningstar, licensed for certain use by the Adviser. Loan Syndications and Trading Association® and LSTA® are trademarks of the LSTA licensed for certain use by Morningstar, and further sublicensed by Morningstar for certain use by the Adviser. The Invesco Senior Loan ETF (the “Fund”) is not sponsored, endorsed, sold or promoted by Morningstar and/or their respective affiliates or LSTA, and none of such parties make any representation regarding the advisability of investing in such Fund nor do they have any liability for any errors, omissions, or interruptions of the Underlying Index.