BSCI Invesco BulletShares 2018 Corporate Bond ETF

Transcription

1 Invesco BulletShares 2018 Corporate Bond ETF ETF.com segment: Fixed Income: U.S. - Corporate Investment Grade Ultra-Short Term Competing ETFs: IBDH Related ETF Channels: Fixed Income, Corporate, Bullet, Bond, U.S., Ultra-Short Term, Investment Grade Bonds, North America Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. A FUND DESCRIPTION The Invesco BulletShares 2018 Corporate Bond ETF tracks a market-weighted index of investment grade corporate bonds with effective maturities in FACTSET ANALYTICS INSIGHT As part of Invesco's BulletShares investment-grade suite, behaves more like a bond than a typical bond fund. The fund provides bullet maturity in this case Dec. 31, 2018 instead of perpetual exposure to a maturity pocket of the US corporate investment-grade market. As the fund matures, its maturity, duration and YTM will continue to decline. On its target date, will unwind and return all capital to investors. This structure permits to be used as a building block for a bond ladder. looks an awful lot like our benchmark, with very minor sector tilts and broadly similar credit weighting. The fund sees decent daily volume with small spreads, and underlying liquidity is decent for a bond ETF. It's also a very efficient fund, generally lagging its index by less than its fee. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (60- Day) PORTFOLIO DATA Weighted Avg. Yield to Next Ex-Dividend Date Number of Holdings Invesco 03/28/12 Open-Ended Fund 0.10% $730.19M $3.07M 0.05% years 1.67% 09/24/18 83 INDEX DATA Index Tracked NASDAQ BulletShares USD Corporate Bond 2018 Index Index Weighting Methodology Index Selection Methodology Market Value

2 1 Year Daily Price ($) Sep Oct Nov Dec `18 Feb Mar Apr May Jun Jul Aug 2 000k PERFORMANCE [as of 08/30/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS 0.19% 0.59% 1.35% 1.43% 1.59% 2.17% (NAV) 0.19% 0.57% 1.20% 1.55% 1.75% 2.27% NASDAQ BulletShares USD Corporate 0.21% 0.61% 1.32% 1.79% 1.92% 2.45% Bond 2018 Index All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 73.41% Switzerland 1.97% Canada 7.41% France 1.72% United Kingdom 6.07% Spain 0.90% Japan 3.27% Germany 0.75% Ireland 2.20% Belgium 0.73% TOP 10 SECTORS Industrial Financial Institutions Utility Covered Cash 49.59% 45.62% 3.81% 0.56% 0.42% TOP 10 HOLDINGS United States Treasury Bi 37.70% Citigroup Inc. 2.5% 26-SE Royal Bank of Canada % Toyota Motor Credit Corp 1.49% Toronto-Dominion Bank % Bank of Nova Scotia % International Business Ma 1.53% Citigroup Inc. 2.05% 07-D 1.46% Microsoft Corporation 1.3 BNP Paribas SA 2.4% 12-D 1.31% Total Top 10 Weighting 51.34%

3 PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Tracking Difference (12 Mo) Max. Downside Tracking Difference (12 Mo) 0.10% -0.26% -0.16% -0.31% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K % / 39.60% Ordinary income No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% ETN Counterparty Risk Fund Closure Risk Low Portfolio Disclosure Daily

4 Daily Spread 0.09% FACTSET ANALYTICS BLOCK LIQUIDITY As of 08/31/ % 0.07% 0.06% 0.05% 0.04% This measurement shows how easy it is to trade a $1 million USD block of. is rated a 4 out of 5. Premium/Discount 0.2% TRADABILITY Avg. Daily Share 135, % Average Daily $ $3.07M -0.2% Median Daily Share 107, % 1 500k 1 000k 500k Median Daily ($) Average Spread (%) Average Spread ($) $2.38M 0.05% $0.01 Sep Oct Dec Feb Apr May Jul Aug Median Premium / Discount (12 Mo) -0.08% Max. Premium / Discount (12 Mo) 0.10% / -0.24% Impediment to Creations None Market Hours Overlap % Creation Unit Size (Shares) 150,000 Creation Unit/Day (45 Day Average) 0.72 Creation Unit Cost (%) 0.02% Underlying / Unit Open Interest on ETF Options Net Asset Value (Yesterday) $21.17 ETF.com Implied Liquidity 4

5 SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Industrial 49.59% 54.34% Financial Institutions 45.62% 40.72% Utility 3.81% 4.94% Covered 0.56% 0.00% Cash 0.42% 0.00% United States Treasury Bills 0.0% 20-DEC-2018 Royal Bank of Canada 2.0% 01-OCT-2018 Toronto-Dominion Bank 2.625% 10-SEP International Business Machines Corporation 7.625% 15-OCT % 1.71% 1.63% 1.53% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation HOLDINGS STATISTICS Microsoft Corporation 1.3% 03-NOV-2018 Citigroup Inc. 2.5% 26- SEP-2018 Toyota Motor Credit Corporation 2.0% 24- OCT % Weighted Avg. Effective 0.91 years 1.98 years Bank of Nova Scotia 2.05% 30-OCT-2018 Citigroup Inc. 2.05% 07-DEC-2018 BNP Paribas SA 2.4% 12-DEC-2018 Total Top 10 Weighting 1.47% 1.46% 1.31% 51.34% Key Rate (2 year) Key Rate (10 year) Yield to % 1.88% TOP 5 COUNTRIES Credit Spread Concentration Low United States 73.41% 70.06% Canada 7.41% 5.19% United Kingdom 6.07% 4.84% Japan 3.27% 3.40% Ireland 2.20% 2.46% Number of Holdings Weighted Avg. Credit MATURITY DISTRIBUTION A- TOP 5 CURRENCIES USD % % 0-1 Year 69.54% 3.92% 1-3 Years 28.04% 95.99% 3-5 Years 1.44% 5-7 Years 0.56% ECONOMIC DEVELOPMENT 7-10 Years 10+ Years 0.09% Developed Countries 99.77% 98.69% Emerging Countries 0.22% 1.31%

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