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Invesco BulletShares 2026 Corporate Bond ETF
ETF
BSCQ
Payout Change
Pending
Price as of:
$19.42
+0.0
+0.0%
primary theme
Target Date
BSCQ (ETF)
Invesco BulletShares 2026 Corporate Bond ETF
Payout Change
Pending
Price as of:
$19.42
+0.0
+0.0%
primary theme
Target Date
BSCQ (ETF)
Invesco BulletShares 2026 Corporate Bond ETF
Payout Change
Pending
Price as of:
$19.42
+0.0
+0.0%
primary theme
Target Date
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.1%
1 yr return
6.9%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.8%
Net Assets
$2.73 B
Holdings in Top 10
15.8%
52 WEEK LOW AND HIGH
$19.4
$18.84
$19.63
Expenses
OPERATING FEES
Expense Ratio 0.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BSCQ - Profile
Distributions
- YTD Total Return 4.1%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.01%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco BulletShares 2026 Corporate Bond ETF
-
Fund Family NameINVESCOETF
-
Inception DateSep 14, 2016
-
Shares Outstanding53250000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeremy Neisewander
Fund Description
The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index.
The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).
The Underlying Index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, “effective maturities” in the year 2026 (collectively, “2026 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call
price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date.
In selecting components for inclusion in the Underlying Index, the Index Provider begins with an investment universe of U.S. dollar-denominated bonds issued by companies domiciled in the U.S., Canada, Western Europe (which the Index Provider defines, as of the date of this prospectus, to be: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom) or Japan. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2026 Bonds (i.e., will mature or will have an effective maturity in the year 2026); (ii) pay a fixed amount of taxable interest; (iii) be rated at least BBB- by S&P Global Ratings, a division of S&P Global Inc. (“S&P”), or Fitch Ratings Inc. (“Fitch”) or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (iv) have at least $500 million in face value outstanding (existing bonds in the eligible universe require $400 million in face value outstanding to remain eligible).
2026 Bonds selected for inclusion in the Underlying Index are market value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.
As of October 31, 2023, the Underlying Index was comprised of 422constituents.
The Fund will terminate on or about December 15, 2026 without requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund.
The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2026), no new constituents are added and the Underlying Index rebalances only through June. In the last six months of operation, when the 2026 Bonds held by the Fund mature, the Fund’s portfolio will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment grade commercial paper. The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of August 31, 2023, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
BSCQ - Performance
Return Ranking - Trailing
| Period | BSCQ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -0.5% | 12.0% | 79.68% |
| 1 Yr | 6.9% | 3.0% | 18.3% | 85.56% |
| 3 Yr | 0.1%* | -7.8% | 3.8% | 60.22% |
| 5 Yr | 1.8%* | -6.1% | 6.0% | 84.05% |
| 10 Yr | N/A* | 1.7% | 5.2% | 41.38% |
* Annualized
Return Ranking - Calendar
| Period | BSCQ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.0% | -9.8% | 12.8% | 87.10% |
| 2022 | -10.6% | -38.3% | -3.8% | 12.90% |
| 2021 | -3.5% | -9.1% | 10.3% | 81.52% |
| 2020 | 6.7% | -13.4% | 12.6% | 22.70% |
| 2019 | 10.5% | -1.1% | 13.9% | 23.36% |
Total Return Ranking - Trailing
| Period | BSCQ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -0.5% | 12.0% | 79.68% |
| 1 Yr | 6.9% | 3.0% | 18.3% | 85.56% |
| 3 Yr | 0.1%* | -7.8% | 3.8% | 60.22% |
| 5 Yr | 1.8%* | -6.1% | 6.0% | 84.05% |
| 10 Yr | N/A* | 1.7% | 5.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BSCQ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.7% | -9.8% | 15.4% | 86.02% |
| 2022 | -8.3% | -16.9% | -2.9% | 18.82% |
| 2021 | -1.7% | -3.8% | 10.3% | 92.39% |
| 2020 | 9.4% | -13.4% | 16.6% | 56.44% |
| 2019 | 14.3% | 4.7% | 25.2% | 44.53% |
BSCQ - Holdings
Concentration Analysis
| BSCQ | Category Low | Category High | BSCQ % Rank | |
|---|---|---|---|---|
| Net Assets | 2.73 B | 3.58 M | 36.3 B | 4.81% |
| Number of Holdings | 466 | 2 | 1478 | 13.37% |
| Net Assets in Top 10 | 587 M | 2.94 M | 35.5 B | 24.06% |
| Weighting of Top 10 | 15.82% | 4.6% | 124.2% | 90.50% |
Top 10 Holdings
- Invesco Private Prime Fund 7.09%
- Invesco Private Government Fund 2.72%
- Boeing Co. (The) 1.07%
- Microsoft Corp. 0.79%
- AbbVie Inc. 0.79%
- AerCap Ireland Capital DAC / AerCap Global Aviation Trust 0.73%
- Wells Fargo Co. 0.69%
- Wells Fargo Co. 0.69%
- Apple Inc. 0.65%
- Morgan Stanley 0.60%
Asset Allocation
| Weighting | Return Low | Return High | BSCQ % Rank | |
|---|---|---|---|---|
| Bonds | 98.85% | 0.00% | 109.30% | 3.21% |
| Cash | 9.91% | -24.70% | 53.61% | 16.04% |
| Convertible Bonds | 0.97% | 0.00% | 6.56% | 28.34% |
| Stocks | 0.00% | 0.00% | 100.15% | 96.79% |
| Preferred Stocks | 0.00% | 0.00% | 11.70% | 96.79% |
| Other | 0.00% | 0.00% | 5.62% | 96.79% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BSCQ % Rank | |
|---|---|---|---|---|
| Corporate | 99.20% | 0.00% | 99.84% | 4.28% |
| Cash & Equivalents | 9.91% | 0.00% | 80.50% | 15.51% |
| Government | 0.19% | 0.00% | 99.79% | 82.35% |
| Derivative | 0.00% | 0.00% | 0.17% | 96.79% |
| Securitized | 0.00% | 0.00% | 81.91% | 96.79% |
| Municipal | 0.00% | 0.00% | 99.98% | 98.40% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BSCQ % Rank | |
|---|---|---|---|---|
| US | 98.85% | 0.00% | 109.30% | 3.21% |
| Non US | 0.00% | 0.00% | 4.29% | 96.79% |
BSCQ - Expenses
Operational Fees
| BSCQ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.10% | 0.05% | 13.27% | 92.47% |
| Management Fee | 0.10% | 0.00% | 0.79% | 44.57% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
| BSCQ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| BSCQ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BSCQ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 121.26% | 21.43% |
BSCQ - Distributions
Dividend Yield Analysis
| BSCQ | Category Low | Category High | BSCQ % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.19% | 0.00% | 9.37% | 21.39% |
Dividend Distribution Analysis
| BSCQ | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| BSCQ | Category Low | Category High | BSCQ % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.01% | -0.06% | 5.71% | 32.57% |
Capital Gain Distribution Analysis
| BSCQ | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 21, 2024 | $0.068 | OrdinaryDividend |
| Sep 23, 2024 | $0.067 | OrdinaryDividend |
| Aug 19, 2024 | $0.071 | OrdinaryDividend |
| Jul 22, 2024 | $0.069 | OrdinaryDividend |
| Jun 24, 2024 | $0.067 | OrdinaryDividend |
| Apr 22, 2024 | $0.062 | OrdinaryDividend |
| Mar 18, 2024 | $0.059 | OrdinaryDividend |
| Feb 20, 2024 | $0.059 | OrdinaryDividend |
| Jan 22, 2024 | $0.060 | OrdinaryDividend |
| Dec 18, 2023 | $0.063 | OrdinaryDividend |
| Nov 20, 2023 | $0.060 | OrdinaryDividend |
| Oct 23, 2023 | $0.058 | OrdinaryDividend |
| Sep 18, 2023 | $0.057 | OrdinaryDividend |
| Aug 21, 2023 | $0.060 | OrdinaryDividend |
| Jul 24, 2023 | $0.059 | OrdinaryDividend |
| Jun 20, 2023 | $0.056 | OrdinaryDividend |
| May 22, 2023 | $0.058 | OrdinaryDividend |
| Apr 24, 2023 | $0.054 | OrdinaryDividend |
| Mar 20, 2023 | $0.056 | OrdinaryDividend |
| Feb 21, 2023 | $0.049 | OrdinaryDividend |
| Jan 23, 2023 | $0.053 | OrdinaryDividend |
| Dec 19, 2022 | $0.054 | OrdinaryDividend |
| Nov 21, 2022 | $0.048 | OrdinaryDividend |
| Oct 24, 2022 | $0.046 | OrdinaryDividend |
| Sep 19, 2022 | $0.042 | OrdinaryDividend |
| Aug 22, 2022 | $0.042 | OrdinaryDividend |
| Jul 18, 2022 | $0.042 | OrdinaryDividend |
| Jun 21, 2022 | $0.039 | OrdinaryDividend |
| May 23, 2022 | $0.039 | OrdinaryDividend |
| Apr 18, 2022 | $0.033 | OrdinaryDividend |
| Mar 21, 2022 | $0.035 | OrdinaryDividend |
| Feb 22, 2022 | $0.029 | OrdinaryDividend |
| Jan 24, 2022 | $0.032 | OrdinaryDividend |
| Dec 20, 2021 | $0.030 | OrdinaryDividend |
| Dec 20, 2021 | $0.002 | CapitalGainLongTerm |
| Nov 22, 2021 | $0.031 | OrdinaryDividend |
| Oct 18, 2021 | $0.033 | OrdinaryDividend |
| Sep 20, 2021 | $0.032 | OrdinaryDividend |
| Aug 23, 2021 | $0.031 | OrdinaryDividend |
| Aug 23, 2021 | $0.000 | CapitalGainLongTerm |
| Jul 19, 2021 | $0.032 | OrdinaryDividend |
| Jun 21, 2021 | $0.033 | OrdinaryDividend |
| May 24, 2021 | $0.034 | OrdinaryDividend |
| Apr 19, 2021 | $0.034 | OrdinaryDividend |
| Mar 22, 2021 | $0.036 | OrdinaryDividend |
| Feb 22, 2021 | $0.035 | OrdinaryDividend |
| Jan 19, 2021 | $0.040 | OrdinaryDividend |
| Dec 21, 2020 | $0.037 | OrdinaryDividend |
| Nov 23, 2020 | $0.041 | OrdinaryDividend |
| Oct 19, 2020 | $0.043 | OrdinaryDividend |
| Sep 21, 2020 | $0.042 | OrdinaryDividend |
| Aug 24, 2020 | $0.041 | OrdinaryDividend |
| Jul 20, 2020 | $0.044 | OrdinaryDividend |
| Jun 22, 2020 | $0.042 | OrdinaryDividend |
| May 18, 2020 | $0.046 | OrdinaryDividend |
| Apr 20, 2020 | $0.047 | OrdinaryDividend |
| Mar 23, 2020 | $0.050 | OrdinaryDividend |
| Feb 24, 2020 | $0.047 | OrdinaryDividend |
| Jan 21, 2020 | $0.052 | OrdinaryDividend |
| Dec 23, 2019 | $0.067 | OrdinaryDividend |
| Dec 23, 2019 | $0.014 | CapitalGainShortTerm |
| Dec 23, 2019 | $0.004 | CapitalGainLongTerm |
| Nov 18, 2019 | $0.052 | OrdinaryDividend |
| Oct 21, 2019 | $0.055 | OrdinaryDividend |
| Sep 23, 2019 | $0.053 | OrdinaryDividend |
| Aug 19, 2019 | $0.055 | OrdinaryDividend |
| Jul 22, 2019 | $0.056 | OrdinaryDividend |
| Jun 24, 2019 | $0.055 | OrdinaryDividend |
| May 20, 2019 | $0.054 | OrdinaryDividend |
| Apr 22, 2019 | $0.050 | OrdinaryDividend |
| Mar 18, 2019 | $0.058 | OrdinaryDividend |
| Feb 19, 2019 | $0.050 | OrdinaryDividend |
| Jan 22, 2019 | $0.048 | OrdinaryDividend |
| Dec 26, 2018 | $0.000 | CapitalGainShortTerm |
| Dec 26, 2018 | $0.002 | CapitalGainLongTerm |
| Dec 24, 2018 | $0.081 | OrdinaryDividend |
| Nov 19, 2018 | $0.054 | OrdinaryDividend |
| Oct 22, 2018 | $0.047 | OrdinaryDividend |
| Sep 24, 2018 | $0.056 | OrdinaryDividend |
| Aug 20, 2018 | $0.024 | OrdinaryDividend |
| Aug 02, 2018 | $0.051 | OrdinaryDividend |
| Jul 03, 2018 | $0.051 | OrdinaryDividend |
| Jun 04, 2018 | $0.054 | OrdinaryDividend |
| May 02, 2018 | $0.051 | OrdinaryDividend |
| Apr 03, 2018 | $0.052 | OrdinaryDividend |
| Mar 02, 2018 | $0.045 | OrdinaryDividend |
| Feb 02, 2018 | $0.052 | OrdinaryDividend |
| Dec 28, 2017 | $0.004 | CapitalGainShortTerm |
| Dec 28, 2017 | $0.061 | OrdinaryDividend |
| Dec 04, 2017 | $0.046 | OrdinaryDividend |
| Nov 02, 2017 | $0.048 | OrdinaryDividend |
| Oct 03, 2017 | $0.045 | OrdinaryDividend |
| Sep 01, 2017 | $0.049 | OrdinaryDividend |
| Aug 01, 2017 | $0.038 | OrdinaryDividend |
| Jul 03, 2017 | $0.048 | OrdinaryDividend |
| Jun 01, 2017 | $0.058 | OrdinaryDividend |
| May 01, 2017 | $0.041 | OrdinaryDividend |
| Apr 03, 2017 | $0.043 | OrdinaryDividend |
| Mar 01, 2017 | $0.042 | OrdinaryDividend |
| Feb 01, 2017 | $0.051 | OrdinaryDividend |
| Dec 28, 2016 | $0.010 | ExtraDividend |
| Dec 28, 2016 | $0.034 | OrdinaryDividend |
| Dec 01, 2016 | $0.038 | OrdinaryDividend |
| Nov 01, 2016 | $0.051 | OrdinaryDividend |
BSCQ - Fund Manager Analysis
Managers
Jeremy Neisewander
Start Date
Tenure
Tenure Rank
Sep 13, 2016
5.72
5.7%
Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.
Peter Hubbard
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Greg Meisenger
Start Date
Tenure
Tenure Rank
Sep 28, 2018
3.67
3.7%
Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.
Cynthia Madrigal
Start Date
Tenure
Tenure Rank
Dec 17, 2021
0.45
0.5%
Cynthia Madrigal,has been responsible for the management of the Fund since December 2021. She has been responsible for the management of certain funds in the Invesco family of ETFs since April 2018 and has been associated with the Adviser since April 2018. Prior to joining the Adviser, Ms. Madrigal was a Portfolio Analyst with Guggenheim Investments since August 2011.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 17.59 | 6.48 | 3.75 |
