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.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BSCN 0.17% 0.21% -1.51% -1.91% 1.71% 2.37% --
BSCN (NAV) 0.15% 0.22% -1.50% -1.88% 1.76% 2.42% --
NASDAQ BulletShares USD Corporate Bond 2023 Index 0.17% 0.22% -1.43% -1.79% 1.93% 2.53% --
Bloomberg U.S. Corporate Bond 1-3 Year Index 0.36% 0.40% -2.87% -3.41% 0.72% 1.52% 1.69%
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%
$2.45B
$13.23M
0.05%

BSCN Portfolio Data

0.97
--
2.76%
N/A
339

BSCN Index Data

Market Value
Maturity
Bloomberg U.S. Corporate Bond 1-3 Year Index

BSCN Portfolio Management

0.10%
-0.10%
0.28%
-0.13%

BSCN Tax Exposures

20.00% / 39.60%
0.10%
Ordinary income
No

BSCN Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

BSCN Factset Analytics Block Liquidity

As of 08/04/22
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

630,894
$13.23M
555,176
$11.64M
0.05%
$0.01
0.05%
0.18% / -0.08%
None
100.00%
150,000
3.70
0.02%
--
0
$20.96
N/A

BSCN Sector/Industry Breakdown


BSCN
Segment Benchmark
44.76%
--
7.75%
--
7.74%
--
5.32%
--
4.65%
--
4.08%
--
4.04%
--
3.86%
--
3.40%
--
2.62%
--

BSCN Top 10 Holdings[View All]

1.73%
1.34%
1.16%
0.96%
0.94%
0.87%
0.85%
0.84%
0.79%
0.79%
10.26%

BSCN Top 5 Countries


BSCN
Segment Benchmark
84.03%
--
4.82%
--
3.53%
--
3.38%
--
1.80%
--

BSCN Top 5 Currencies


BSCN
Segment Benchmark
84.03%
--
4.82%
--
3.53%
--
3.38%
--
1.80%
--

BSCN Performance Statistics

0.81
0.44
--
--
--

BSCN Holdings Statistics

1.02 years
0.97
2.76%
0.97
Low
339
0.70%

BSCN Avg Life Maturity Distribution

56.70%
42.19%
--
0.70%
0.41%
--
--
--
--

BSCN OAS Breakdown

81.12%
17.27%
1.38%
0.23%
--
--
--
--
--
--
--