BSCN

Invesco BulletShares 2023 Corporate Bond ETF
*Unless otherwise stated, data provided by FactSet.

BSCN Fund Description

BSCN tracks an index of investment-grade corporate bonds with effective maturities in 2023. The fund will unwind in December 2023 and return all capital to investors.

BSCN Factset Analytics Insight

As part of Invesco's BulletShares investment-grade suite, BSCN behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case Dec. 31, 2023—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, BSCN will unwind and return all capital to investors. This structure permits BSCN to be used as a building block for a bond ladder. Trading spreads tend to be a bit wide with BSCN, and underlying liquidity is lacking for investors interested in block trades. However, the fund is designed to be held to maturity, and for many investors these trading costs will be a one-time fee to access the fund. BSCN charges a reasonable fee and tracks its index well.

BSCN MSCI ESG Analytics Insight

Invesco BulletShares 2023 Corporate Bond ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.82 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco BulletShares 2023 Corporate Bond ETF ranks in the 36th percentile within its peer group and in the 41st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

BSCN Charts And Performance

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PERFORMANCE [as of 11/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BSCN 0.32% 0.60% 8.22% 9.40% 4.05% 4.02% --
BSCN (NAV) 0.33% 0.64% 7.93% 9.14% 3.97% 3.98% --
NASDAQ BulletShares USD Corporate Bond 2023 Index 0.32% 0.65% 8.31% 9.53% 4.18% -- --
Bloomberg Barclays Intermediate Corporate Bond Index 0.39% 0.57% 9.34% 10.54% 4.18% 3.61% 4.52%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BSCN Summary Data

Invesco
09/17/14
Open-Ended Fund
0.10%
$911.80M
$3.87M
0.08%

BSCN Portfolio Data

3.49
--
2.58%
09/23/19
322

BSCN Index Data

Market Value
Maturity
Bloomberg Barclays Intermediate Corporate Bond Index

BSCN Portfolio Management

0.10%
-0.14%
-0.08%
-0.45%

BSCN Tax Exposures

20.00% / 39.60%
0.00%
Ordinary income
No

BSCN Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

BSCN Factset Analytics Block Liquidity

As of 11/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BSCN. BSCN is rated a N/A out of 5.

BSCN Tradability

180,624
$3.87M
165,354
$3.51M
0.08%
$0.02
0.26%
0.60% / -0.12%
None
100.00%
150,000
1.10
0.02%
--
0
$21.24
N/A

BSCN Sector/Industry Breakdown


BSCN
Segment Benchmark
56.38%
--
38.46%
--
3.41%
--
1.75%
--

BSCN Top 10 Holdings[View All]

1.95%
1.72%
1.48%
1.37%
1.12%
0.95%
0.94%
0.81%
0.78%
0.78%
11.9%

BSCN Top 5 Countries


BSCN
Segment Benchmark
84.15%
--
4.84%
--
2.94%
--
2.58%
--
1.77%
--

BSCN Top 5 Currencies


BSCN
Segment Benchmark
100.00%
--

BSCN Performance Statistics

0.96
0.93
--
--
--

BSCN MSCI ESG Ratings

BBB
4.82 / 10
41.12
36.06
8.64%
3.76%
176.98

BSCN Holdings Statistics

3.51 years
3.49
2.58%
3.48
Low
322
0.72%

BSCN Avg Life Maturity Distribution

1.09%
0.30%
1.43%
97.18%
--
--
--
--
--

BSCN OAS Breakdown

82.84%
15.21%
1.59%
0.15%
0.22%
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