Fixed Income | US Fixed Income

Invesco BulletShares 2033 Corporate Bond ETF

Ticker: BSCX

Product Details

The Invesco BulletShares® 2033 Corporate Bond ETF (Fund) is based on the BulletShares® USD Corporate Bond 2033 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, investment-grade corporate bonds with effective maturities in 2033. 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 2033 and will terminate on or about Dec. 15, 2033. See the prospectus for more information.

as of 01/31/2024 12/31/2023

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco BulletShares USD Corporate Bond 2033 Index-TR -0.31 N/A N/A N/A N/A 7.43
Bloomberg Barclays U.S. Corporate Index -0.17 4.16 -2.92 2.12 2.75 6.67
Fund History (%)
Fund NAV -0.30 N/A N/A N/A N/A 7.33
After Tax Held -0.41 N/A N/A N/A N/A 6.71
After Tax Sold -0.18 N/A N/A N/A N/A 4.32
Fund Market Price -0.72 N/A N/A N/A N/A 7.17
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco BulletShares USD Corporate Bond 2033 Index-TR N/A N/A N/A N/A N/A 7.77
Bloomberg Barclays U.S. Corporate Index 8.52 8.52 -3.29 2.63 2.95 6.85
Fund History (%)
Fund NAV N/A N/A N/A N/A N/A 7.65
After Tax Held N/A N/A N/A N/A N/A 7.15
After Tax Sold N/A N/A N/A N/A N/A 4.51
Fund Market Price N/A N/A N/A N/A N/A 7.95

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

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.

NAV:

as of 02/21/2024
as of 02/21/2024

Sector Allocation

Sector Percent of Fund
Financials 14.22%
Health Care 12.84%
Energy 11.93%
Consumer Staples 10.58%
Utilities 10.47%
Industrials 9.69%
Communication Services 9.61%
Information Technology 6.89%
Consumer Discretionary 6.08%
Real Estate 4.51%
Materials 3.20%

Quality Allocations as of 02/21/2024

S&P Moody's
AAA : 1% Aaa : 1%
AA : 3% Aa : 5%
A : 38% A : 37%
BBB : 57% Baa : 54%
BB : 0% Ba : 2%
Not Rated : 0% Not Rated : 1%

Cash is excluded from the credit rating quality allocations table.

as of 02/21/2024

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 02/21/2024 Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date S&P / Moody's Rating† Weight
Amgen Inc 5.25% 03/02/2033 BBB+/Baa1 2.07%
AT&T Inc 2.55% 12/01/2033 BBB/Baa2 1.42%
T-Mobile USA Inc 5.05% 07/15/2033 BBB/Baa2 1.22%
Enbridge Inc 5.70% 03/08/2033 BBB+/Baa1 1.14%
Intel Corp 5.20% 02/10/2033 A-/A3 1.08%
Philip Morris International Inc 5.38% 02/15/2033 A-/A2 1.07%
BP Capital Markets America Inc 4.81% 02/13/2033 A-/A2 1.05%
Banco Santander SA 6.92% 08/08/2033 BBB+/Baa2 1.00%
UnitedHealth Group Inc 5.35% 02/15/2033 A+/A2 0.98%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc 5.75% 04/01/2033 BBB-/Baa3 0.97%

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
02/20/2024 02/21/2024 02/23/2024 0.07159 0.07159 - - - -
01/22/2024 01/23/2024 01/26/2024 0.05587 0.05587 - - - -
12/18/2023 12/19/2023 12/22/2023 0.04049 0.04049 - - - -
11/20/2023 11/21/2023 11/24/2023 0.09832 0.09832 - - - -
10/23/2023 10/24/2023 10/27/2023 0.09082 0.09082 - - - -

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%
12/31/2023 63 33 12 0 0 0 0
09/30/2023 8 4 0 0 0 0 0
Year Ended 2023 71 37 12 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%
12/31/2023 63 18 0 0 0 0 0
09/30/2023 8 3 1 0 0 0 0
Year Ended 2023 71 21 1 0 0 0 0

Fund Inception : 09/20/2023

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.

Premiums/Discounts

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

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 industry or sector 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 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.

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.