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Invesco BulletShares 2023 High Yield Corporate Bond ETF
ETF
BSJN
Payout Change
Pending
Price as of:
$23.485
+0.0
+0.0%
primary theme
N/A
BSJN (ETF)
Invesco BulletShares 2023 High Yield Corporate Bond ETF
Payout Change
Pending
Price as of:
$23.485
+0.0
+0.0%
primary theme
N/A
BSJN (ETF)
Invesco BulletShares 2023 High Yield Corporate Bond ETF
Payout Change
Pending
Price as of:
$23.485
+0.0
+0.0%
primary theme
N/A
Name
As of 12/22/2023Price
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
5.7%
1 yr return
5.2%
3 Yr Avg Return
1.6%
5 Yr Avg Return
3.8%
Net Assets
$489 M
Holdings in Top 10
93.6%
52 WEEK LOW AND HIGH
$23.5
$23.28
$23.61
Expenses
OPERATING FEES
Expense Ratio 0.42%
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 12/22/2023Price
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
BSJN - Profile
Distributions
- YTD Total Return 5.7%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.97%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco BulletShares 2023 High Yield Corporate Bond ETF
-
Fund Family NameINVESCOETF
-
Inception DateOct 07, 2015
-
Shares Outstanding29300000
-
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 high yield corporate bonds (commonly known as “junk bonds”) with maturities or, in some cases, “effective maturities” in the year 2023 (collectively, “2023 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 2023 Bonds (i.e., will mature or will have an effective maturity in the year 2023); (ii) pay a fixed amount of taxable interest; (iii) have a maximum credit rating of BB+ from S&P Global Ratings, a division of S&P Global Inc. (“S&P”), or Fitch Ratings Inc. (“Fitch”) or a maximum credit rating of Ba1 from Moody’s Investors Service, Inc. (“Moody’s”); (iv) have a minimum average credit rating (computed by calculating the simple average of a bond’s rating published by S&P, Fitch and Moody’s and then rounding down to the nearest rating step) of CCC- from S&P, Fitch and Moody’s; and (v) have at least $200 million in face value outstanding (existing bonds in the eligible universe require $150 million in face value outstanding to remain eligible).
The eligible universe may include securities issued in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
2023 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, 2022, the Underlying Index was comprised of 99constituents.
The Fund will terminate on or about December 15, 2023 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., 2023), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2023 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.
BSJN - Performance
Return Ranking - Trailing
| Period | BSJN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.7% | -4.9% | 18.0% | 95.93% |
| 1 Yr | 5.2% | -6.6% | 18.3% | 95.17% |
| 3 Yr | 1.6%* | -14.3% | 20.4% | 48.58% |
| 5 Yr | 3.8%* | -9.3% | 39.1% | 76.21% |
| 10 Yr | N/A* | -4.1% | 19.8% | 9.98% |
* Annualized
Return Ranking - Calendar
| Period | BSJN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -7.8% | -33.4% | 3.6% | 4.41% |
| 2022 | -0.4% | -8.4% | 8.2% | 64.24% |
| 2021 | -2.9% | -13.2% | 302.7% | 90.07% |
| 2020 | 6.1% | -4.4% | 13.3% | 76.05% |
| 2019 | -6.6% | -18.4% | -0.4% | 17.26% |
Total Return Ranking - Trailing
| Period | BSJN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.7% | -4.9% | 18.0% | 95.93% |
| 1 Yr | 5.2% | -6.6% | 18.3% | 95.17% |
| 3 Yr | 1.6%* | -14.3% | 20.4% | 48.58% |
| 5 Yr | 3.8%* | -9.3% | 39.1% | 76.21% |
| 10 Yr | N/A* | -4.1% | 19.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BSJN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -4.0% | -33.4% | 47.8% | 5.02% |
| 2022 | 3.3% | -8.4% | 12.4% | 84.97% |
| 2021 | 2.0% | -9.6% | 325.6% | 90.39% |
| 2020 | 12.0% | -3.8% | 19.4% | 75.38% |
| 2019 | -1.4% | -10.7% | 4.5% | 16.01% |
BSJN - Holdings
Concentration Analysis
| BSJN | Category Low | Category High | BSJN % Rank | |
|---|---|---|---|---|
| Net Assets | 489 M | 1.85 M | 22.6 B | 48.29% |
| Number of Holdings | 17 | 2 | 2736 | 99.10% |
| Net Assets in Top 10 | 500 M | -492 M | 4.6 B | 12.57% |
| Weighting of Top 10 | 93.61% | 4.2% | 149.0% | 1.20% |
Top 10 Holdings
- U.S. Treasury Bills 41.93%
- U.S. Treasury Bills 34.22%
- Verscend Escrow Corp. 4.15%
- Ball Corp. 3.77%
- Ford Motor Credit Co. LLC 2.40%
- Invesco Government Agency Portfolio, Institutional Class 2.08%
- Fortress Transportation and Infrastructure Investors LLC 1.36%
- Encompass Health Corp. 1.30%
- YUM! Brands, Inc. 1.23%
- Southwestern Energy Co. 1.17%
Asset Allocation
| Weighting | Return Low | Return High | BSJN % Rank | |
|---|---|---|---|---|
| Bonds | 97.64% | 0.00% | 154.38% | 15.95% |
| Cash | 2.36% | -52.00% | 50.57% | 73.95% |
| Convertible Bonds | 1.21% | 0.00% | 17.89% | 45.06% |
| Stocks | 0.00% | 0.00% | 99.61% | 85.10% |
| Preferred Stocks | 0.00% | 0.00% | 7.89% | 68.11% |
| Other | 0.00% | -63.70% | 98.03% | 63.92% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BSJN % Rank | |
|---|---|---|---|---|
| Corporate | 98.79% | 0.00% | 129.69% | 7.65% |
| Cash & Equivalents | 2.08% | 0.00% | 50.57% | 59.73% |
| Derivative | 0.00% | -12.96% | 42.26% | 56.74% |
| Securitized | 0.00% | 0.00% | 97.24% | 71.96% |
| Municipal | 0.00% | 0.00% | 4.66% | 50.67% |
| Government | 0.00% | 0.00% | 99.07% | 65.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BSJN % Rank | |
|---|---|---|---|---|
| US | 97.64% | 0.00% | 129.21% | 10.03% |
| Non US | 0.00% | 0.00% | 97.19% | 69.01% |
BSJN - Expenses
Operational Fees
| BSJN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.42% | 0.04% | 31.61% | 93.86% |
| Management Fee | 0.42% | 0.00% | 1.84% | 16.29% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| BSJN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BSJN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| BSJN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 255.00% | 18.63% |
BSJN - Distributions
Dividend Yield Analysis
| BSJN | Category Low | Category High | BSJN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.22% | 0.00% | 9.60% | 5.81% |
Dividend Distribution Analysis
| BSJN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| BSJN | Category Low | Category High | BSJN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.97% | -2.39% | 14.30% | 71.23% |
Capital Gain Distribution Analysis
| BSJN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2023 | $0.043 | OrdinaryDividend |
| Nov 24, 2023 | $0.101 | OrdinaryDividend |
| Oct 27, 2023 | $0.106 | OrdinaryDividend |
| Sep 22, 2023 | $0.098 | OrdinaryDividend |
| Aug 25, 2023 | $0.094 | OrdinaryDividend |
| Jul 28, 2023 | $0.106 | OrdinaryDividend |
| Jun 23, 2023 | $0.099 | OrdinaryDividend |
| May 26, 2023 | $0.095 | OrdinaryDividend |
| Apr 28, 2023 | $0.093 | OrdinaryDividend |
| Mar 24, 2023 | $0.101 | OrdinaryDividend |
| Feb 24, 2023 | $0.091 | OrdinaryDividend |
| Jan 27, 2023 | $0.102 | OrdinaryDividend |
| Dec 23, 2022 | $0.122 | OrdinaryDividend |
| Nov 25, 2022 | $0.095 | OrdinaryDividend |
| Oct 28, 2022 | $0.095 | OrdinaryDividend |
| Sep 23, 2022 | $0.089 | OrdinaryDividend |
| Aug 26, 2022 | $0.077 | OrdinaryDividend |
| Jul 22, 2022 | $0.074 | OrdinaryDividend |
| Jun 30, 2022 | $0.071 | OrdinaryDividend |
| May 31, 2022 | $0.072 | OrdinaryDividend |
| Apr 29, 2022 | $0.071 | OrdinaryDividend |
| Mar 31, 2022 | $0.072 | OrdinaryDividend |
| Feb 28, 2022 | $0.063 | OrdinaryDividend |
| Jan 31, 2022 | $0.068 | OrdinaryDividend |
| Dec 31, 2021 | $0.066 | OrdinaryDividend |
| Nov 30, 2021 | $0.068 | OrdinaryDividend |
| Oct 29, 2021 | $0.071 | OrdinaryDividend |
| Sep 30, 2021 | $0.071 | OrdinaryDividend |
| Aug 31, 2021 | $0.071 | OrdinaryDividend |
| Jul 30, 2021 | $0.072 | OrdinaryDividend |
| Jun 30, 2021 | $0.075 | OrdinaryDividend |
| May 28, 2021 | $0.079 | OrdinaryDividend |
| Apr 30, 2021 | $0.078 | OrdinaryDividend |
| Mar 31, 2021 | $0.085 | OrdinaryDividend |
| Feb 26, 2021 | $0.081 | OrdinaryDividend |
| Jan 29, 2021 | $0.094 | OrdinaryDividend |
| Dec 31, 2020 | $0.092 | OrdinaryDividend |
| Nov 30, 2020 | $0.097 | OrdinaryDividend |
| Oct 30, 2020 | $0.098 | OrdinaryDividend |
| Sep 30, 2020 | $0.097 | OrdinaryDividend |
| Aug 31, 2020 | $0.096 | OrdinaryDividend |
| Jul 31, 2020 | $0.097 | OrdinaryDividend |
| Jun 30, 2020 | $0.092 | OrdinaryDividend |
| May 29, 2020 | $0.094 | OrdinaryDividend |
| Apr 30, 2020 | $0.101 | OrdinaryDividend |
| Mar 31, 2020 | $0.109 | OrdinaryDividend |
| Feb 28, 2020 | $0.104 | OrdinaryDividend |
| Jan 31, 2020 | $0.112 | OrdinaryDividend |
| Dec 31, 2019 | $0.109 | OrdinaryDividend |
| Nov 29, 2019 | $0.116 | OrdinaryDividend |
| Oct 31, 2019 | $0.123 | OrdinaryDividend |
| Sep 30, 2019 | $0.117 | OrdinaryDividend |
| Aug 30, 2019 | $0.122 | OrdinaryDividend |
| Jul 31, 2019 | $0.122 | OrdinaryDividend |
| Jun 28, 2019 | $0.121 | OrdinaryDividend |
| May 31, 2019 | $0.119 | OrdinaryDividend |
| Apr 30, 2019 | $0.112 | OrdinaryDividend |
| Mar 29, 2019 | $0.120 | OrdinaryDividend |
| Feb 28, 2019 | $0.107 | OrdinaryDividend |
| Jan 31, 2019 | $0.119 | OrdinaryDividend |
| Dec 31, 2018 | $0.189 | OrdinaryDividend |
| Nov 30, 2018 | $0.116 | OrdinaryDividend |
| Oct 31, 2018 | $0.100 | OrdinaryDividend |
| Sep 28, 2018 | $0.122 | OrdinaryDividend |
| Aug 31, 2018 | $0.052 | OrdinaryDividend |
| Aug 07, 2018 | $0.111 | OrdinaryDividend |
| Jul 09, 2018 | $0.107 | OrdinaryDividend |
| Jun 07, 2018 | $0.121 | OrdinaryDividend |
| May 07, 2018 | $0.112 | OrdinaryDividend |
| Apr 06, 2018 | $0.118 | OrdinaryDividend |
| Mar 07, 2018 | $0.104 | OrdinaryDividend |
| Feb 07, 2018 | $0.117 | OrdinaryDividend |
| Jan 02, 2018 | $0.152 | OrdinaryDividend |
| Dec 07, 2017 | $0.110 | OrdinaryDividend |
| Nov 07, 2017 | $0.115 | OrdinaryDividend |
| Oct 06, 2017 | $0.115 | OrdinaryDividend |
| Sep 08, 2017 | $0.123 | OrdinaryDividend |
| Aug 07, 2017 | $0.122 | OrdinaryDividend |
| Jul 10, 2017 | $0.113 | OrdinaryDividend |
| Jun 07, 2017 | $0.132 | OrdinaryDividend |
| May 05, 2017 | $0.112 | OrdinaryDividend |
| Apr 07, 2017 | $0.104 | OrdinaryDividend |
| Mar 07, 2017 | $0.102 | OrdinaryDividend |
| Feb 07, 2017 | $0.129 | OrdinaryDividend |
| Jan 04, 2017 | $0.092 | OrdinaryDividend |
| Dec 07, 2016 | $0.119 | OrdinaryDividend |
| Nov 07, 2016 | $0.113 | OrdinaryDividend |
| Oct 07, 2016 | $0.082 | OrdinaryDividend |
| Sep 08, 2016 | $0.132 | OrdinaryDividend |
| Aug 05, 2016 | $0.103 | OrdinaryDividend |
| Jul 08, 2016 | $0.091 | OrdinaryDividend |
| Jun 07, 2016 | $0.120 | OrdinaryDividend |
| May 06, 2016 | $0.109 | OrdinaryDividend |
| Apr 07, 2016 | $0.097 | OrdinaryDividend |
| Mar 07, 2016 | $0.080 | OrdinaryDividend |
| Feb 05, 2016 | $0.106 | OrdinaryDividend |
| Jan 04, 2016 | $0.119 | OrdinaryDividend |
| Dec 07, 2015 | $0.111 | OrdinaryDividend |
| Nov 06, 2015 | $0.038 | OrdinaryDividend |
BSJN - Fund Manager Analysis
Managers
Jeremy Neisewander
Start Date
Tenure
Tenure Rank
May 13, 2016
6.05
6.1%
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 Yen
Start Date
Tenure
Tenure Rank
Dec 17, 2021
0.45
0.5%
Cynthia is a portfolio manager specializing in US equities. She joined the North Growth portfolio management team in October 2003. Prior to joining North Growth, Cynthia was an associate portfolio manager with TAL Global Asset Management. This followed several years of working as a research associate for Sprott Securities Ltd. and Lévesque Beaubien Geoffrion Inc. Cynthia holds a Bachelor of Commerce degree with a major in finance.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.16 | 8.17 |
