BSCNInvesco BulletShares 2023 Corporate Bond ETF
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 A based on a score of 6.32 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 56th percentile within its peer group and in the 49th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
BSCN Summary Data
BSCN Portfolio Data
BSCN Index Data
BSCN Portfolio Management
BSCN Tax Exposures
BSCN Fund Structure
BSCN Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
BSCN Top 10 Holdings[View All]
BSCN Top 5 Countries
BSCN Top 5 Currencies