Invesco Bulletshares 2021 High Yield Corporate Bond ETF
ALTAR
Score™
0.0% info Median Credit
S&P/Moody's
BB-/Ba3
 
Yield to
Maturity
40.7% Current
Yield
0.0%
Macaulay
Duration
3.0 yrs Modified
Duration
2.9%


  • Description
  • Performance
  • Fundamentals
  • Rate Sensitivity
  • Rating
The Invesco BulletShares 2021 High Yield Corporate Bond ETF tracks a market-weighted index of high-yield corporate bonds with effective maturities in 2021.

FUND BASICS
Category Corporate
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Sep 16, 2014
Assets (mns) $0
Currency USD
Expense ratio 0 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Value
Index replication

ISSUER TYPE BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents 89
No of distinct issuers 82
Inflation protected 0%
Variable/Fixed coupon 6% /94%
Non-standard maturity (callable, etc.) 77%

TOP TEN HOLDINGS
SPRINT CORP. 7.3% 9/15/21 3.4 %
T-MOBILE USA, INC. 6.5% 1/15/26 3.0 %
DISH DBS CORPORATION 6.8% 6/01/21 2.9 %
0.0% /00/00 2.7 %
BOMBARDIER INC. 8.8% 12/01/21 2.0 %
MGM RESORTS INTERNATI 6.6% 12/15/21 1.8 %
CENTURYLINK, INC. 6.5% 6/15/21 1.8 %
NRG ENERGY, INC. 6.6% 1/15/27 1.7 %
SPRINT COMMUNICATIONS 11.5% 11/15/21 1.6 %
CSC HOLDINGS, LLC 6.8% 11/15/21 1.6 %
   
TOTAL 22.5 %

TOP ISSUERS
FORD MOTOR CREDIT COMPANY LLC4.8%
ALTICE FINANCING SA4.3%
CCO HOLDINGS LLC3.7%
NRG ENERGY, INC.3.6%
DISH DBS CORPORATION3.1%

TOP COUNTRY EXPOSURE
UNITED STATES 80.4 %
CANADA 5.4 %
LUXEMBOURG 4.3 %
NETHERLANDS 1.9 %
UNITED KINGDOM 1.0 %

 





HISTORICAL RETURNS info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- --

Market Correlations
versus... Beta R-squared
Barclays Agg. Bond 0.01 0%
S&P500 0.01 10%
MSCI EAFE 0.02 31%
MSCI Emg. Mkts. 0.02 27%

Technical Indicators
Recent close $0.00
30d moving avg. $0.00
Annualized volatility 0.8%
Short interest (ETF) 0.0%
Relative strength (RSI)
Liquidity measures
Avg. volume (thou.) 0
Avg. daily value traded (mns) $0
Turnover 0.0%
Bid/Ask (% of price) 0.00

Distributions


Yield Comparison

*Fund Category: CORPORATE

CREDIT QUALITY: MOODY'S

DISTRIBUTION YIELD (TRAILING 12 MONTHS)
Macaulay Duration info
 
BSJL 3.0 yrs Category
Avg.*
4.6 yrs
 

Modified Duration info
 
BSJL 2.9% Category
Avg.*
4.5%

RATE SENSITIVITY ANALYSIS info
Change
in YTM
New
YTM
Est. Price
Change
Est. New
Price
+300 bp 43.69% -7.1% $0.00
+200 bp 42.69% -5.1% $0.00
+150 bp 42.19% -3.9% $0.00
+100 bp 41.69% -2.7% $0.00
+75 bp 41.44% -2.1% $0.00
+50 bp 41.19% -1.4% $0.00
+25 bp 40.94% -0.7% $0.00
0 bp 40.69% 0% $0.00
-25 bp 40.44% 0.7% $0.00
-50 bp 40.19% 1.5% $0.00
-75 bp 39.94% 2.2% $0.00
-100 bp 39.69% 3.0% $0.00
-150 bp 39.19% 4.7% $0.00
-200 bp 38.69% 6.4% $0.00
-300 bp 37.69% 10.1% $0.00

*Fund Category: CORPORATE

ALTAR Score™


Calculation of ALTAR Score™
Adj. Yield to Maturity info 4,069 bp
Less: Annual "default factor" info 274 bp
Less: Expense ratio 0 bp
Equals: ALTAR Score 0.00 %
 

Average ALTAR Score™ by Category
Aggregate 3.2%
Corporate 4.0%
Emerging Market 5.8%
Government 7.2%
Inflation Protected 2.7%
Mortgage 5.0%
Municipals 3.3%
 
*Note: The Invesco Bulletshares 2021 High Yield Corporate Bond ETF is classified as a Corporate fund.

 

Our estimate of the impact of potential defaults on investor returns, based on historical default and recovery rates for bonds of similar credit rating and maturities.
See RATING tab for calculations of ALTAR Score™
Estimate of fund sensitivity to interest rate changes based on modified duration and convexity adjustment applied to underlying bonds. Note: Less meaningful for inflation-indexed bonds.
Adds expected inflation to real YTM for inflation-linked bonds so that all instruments are compared on a nominal basis
Weighted-average term to maturity of the cash flows from a bond. All else being equal, bonds of longer duration are more sensitive to changes in interest rates than bonds of shorter duration.
Approximation of the change in bond prices given a 100 basis point shift in interest rates. A better estimate, particularly for larger moves in interest rates, is provided by the Rate Sensitivity Analysis below.