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Invesco Senior Loan ETF

BKLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 03 2011
Expense Ratio
0.65%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$166,958,028
AUM
$4,464,140,850
Associated Index
Morningstar LSTA US Leveraged Loan 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Peraton Corp
1.86%
n/a
Mozart Debt Mer
1.79%
n/a
McAfee corp
1.67%
n/a
Bass Pro Group LLC
1.56%
n/a
NortonLifeLock
1.53%
n/a
ATHENAHEALTH I
1.52%
n/a
United Airlines Inc
1.51%
n/a
Ultimate Software Group Inc.
1.49%
n/a
BurgerKing
1.40%
n/a
Allied Universal Holdco LLC
1.36%
Invest with BKLN

What is BKLN?

The Invesco Senior Loan ETF (Fund) is based on the Morningstar LSTA US Leveraged Loan 100 Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted bi-annually, in June and December.

ETFs related toBKLN

ETFs correlated to BKLN include SRLN, FTSL, CGMS

BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBKLN

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with BKLN using Composer

FAQ

BKLN is a US Bonds ETF. The Invesco Senior Loan ETF (Fund) is based on the Morningstar LSTA US Leveraged Loan 100 Index (Index). The Fund will normally invest at least 80% of its total assets in the component securities that comprise the Index. The Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted bi-annually, in June and December.

The top holdings for BKLN include Peraton Corp, Mozart Debt Mer, and McAfee corp.

BKLN has 129 total holdings.

BKLN tracks the Morningstar LSTA US Leveraged Loan 100 Index.

No, BKLN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BKLN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BKLN is 0.0164%. This is the percent change in the value of BKLN over the most recent 1-month period. The 3-month return on BKLN is 0.0421%. This is the percent change in the value of BKLN over the most recent 3-month period.

The standard deviation of BKLN for the past year is 0.0784%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BKLN include IGIB, HYG, and USIG.

ETFs correlated to BKLN include SRLN, FTSL, and CGMS.

ETFs that are inversely correlated to BKLN include SJB, HIBS, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.