|
Invesco BulletShares 2024 High Yield Corporate Bond ETF
|
|||||||||||||||||
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The Invesco BulletShares 2024 High Yield Corporate Bond ETF tracks a market-weighted index of high-yield corporate bonds with effective maturities in 2024. |
| Category | Corporate |
| Fund Sponsor | Guggenheim |
| Website | gi.guggenheiminvestments.com |
| Inception date | Sep 13, 2016 |
| Assets (mns) | $477 |
| Currency | USD |
| Expense ratio | 42 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Market Value |
| Index replication |
| No. of constituents | 57 |
| No of distinct issuers | 55 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 11% /89% |
| Non-standard maturity (callable, etc.) | 80% |
| 0.0% /00/00 | 2.7 % |
| SPRINT CORP. 7.1% 6/15/24 | 2.1 % |
| BAUSCH HEALTH COMPANI 7.0% 3/15/24 | 1.6 % |
| CSC HOLDINGS, LLC 6.5% 2/01/29 | 1.4 % |
| DISH DBS CORPORATION 5.9% 11/15/24 | 1.4 % |
| TENET HEALTHCARE CORP 4.6% 7/15/24 | 1.4 % |
| FIRST DATA CORPORATIO 5.0% 1/15/24 | 1.4 % |
| DAVITA INC. 5.1% 7/15/24 | 1.3 % |
| ARDAGH PACKAGING FINA 7.3% 5/15/24 | 1.3 % |
| CCO HOLDINGS LLC 5.9% 4/01/24 | 1.3 % |
| TOTAL | 16.0 % |
|---|
| DISH DBS CORP | 5.2% |
| FORD MOTOR CREDIT COMPANY LLC | 4.9% |
| INTESA SANPAOLO S.P.A. | 4.7% |
| ICAHN ENTERPRISES L.P. | 3.3% |
| CHESAPEAKE ENERGY CORPORATION | 3.0% |
 |
UNITED STATES | 75.8 % |
 |
ITALY | 4.7 % |
 |
JAPAN | 3.0 % |
 |
IRELAND | 2.2 % |
 |
CANADA | 2.0 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 4.7% | 7.0% | 3.3% | -- | 3.9% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.47 | 35% |
| S&P500 | 0.27 | 60% |
| MSCI EAFE | 0.25 | 52% |
| MSCI Emg. Mkts. | 0.18 | 27% |
| Recent close | $22.62 |
| 30d moving avg. | $22.61 |
| Annualized volatility | 6.1% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 73 |
| Avg. volume (thou.) | 128 |
| Avg. daily value traded (mns) | $3 |
| Turnover | 0.6% |
| Bid/Ask (% of price) | 0.05 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| BSJO | 2.0 yrs | Category Avg.* |
4.6 yrs |
| BSJO | 1.9% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.96% | -8.1% | $20.79 |
| +200 bp | 9.96% | -4.9% | $21.52 |
| +150 bp | 9.46% | -3.4% | $21.84 |
| +100 bp | 8.96% | -2.2% | $22.13 |
| +75 bp | 8.71% | -1.6% | $22.27 |
| +50 bp | 8.46% | -1.0% | $22.39 |
| +25 bp | 8.21% | -0.5% | $22.51 |
| 0 bp | 7.96% | 0% | $22.62 |
| -25 bp | 7.71% | 0.5% | $22.72 |
| -50 bp | 7.46% | 0.9% | $22.82 |
| -75 bp | 7.21% | 1.3% | $22.90 |
| -100 bp | 6.96% | 1.6% | $22.98 |
| -150 bp | 6.46% | 2.2% | $23.12 |
| -200 bp | 5.96% | 2.7% | $23.22 |
| -300 bp | 4.96% | 3.2% | $23.34 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
796 | bp |
| Less: Annual "default factor" |
275 | bp |
| Less: Expense ratio | 42 | bp |
| Equals: ALTAR Score | 4.79 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The Invesco BulletShares 2024 High Yield Corporate Bond ETF is classified as a Corporate fund. | |