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Invesco BulletShares 2023 Corporate Bond ETF

BSCN
$
Today’s Change
()

Snapshot
*

Inception Date
Sep 17, 2014
Expense Ratio
0.1%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$9,627,734
AUM
$2,169,918,036
Associated Index
Nasdaq Bulletshares USD Corporate Bond 2023 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

B 0 11/16/23
United States Treasury Bill
34.08%
B 0 10/19/23
United States Treasury Bill
23%
GS5314962
Goldman Sachs Group Inc/The
1.64%
AER/23B
AerCap Ireland Capital DAC - 1.15% NT REDEEM 29/10/2023 USD 150000
1.53%
Schlumb Inv 3.65 % Notes 2013-1.12.23 Gtd Global Sr
1.34%
BMY23B
Bristol-Myers Squibb Co. - 0.537% NT REDEEM 13/11/2023 USD 2000
1.33%
MSFF
Microsoft Corporation - 3.625% NT REDEEM 15/12/2023 USD 2000
1.28%
GILD5050563
Gilead Sciences Inc
1.24%
TMO23
Thermo Fisher Scientific Inc. - 0.797% NT REDEEM 18/10/2023 USD 2000
1.15%
HPE23
Hewlett Packard Enterprise Co - 4.45% NT REDEEM 02/10/2023 USD 2000
1.1%

What is BSCN?

The Invesco BulletShares 2023 Corporate Bond ETF (Fund) is based on the Nasdaq Bulletshares USD Corporate Bond 2023 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, investment-grade corporate bonds with effective maturities in 2023. 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 monthly. The Fund has a designated year of maturity of 2023 and will terminate on or about Dec. 31, 2023.

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ETFs related toBSCN

ETFs correlated to BSCN include BSCO, BSJO, BSJQ

BSCN
Invesco Capital Management LLC - Invesco BulletShares 2023 Corporate Bond ETF
BSCO
Invesco Capital Management LLC - Invesco BulletShares 2024 Corporate Bond ETF
BSJO
Invesco Capital Management LLC - Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJQ
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2026 High Yield Corporate Bond ETF
BSJP
Invesco Capital Management LLC - Invesco BulletShares 2025 High Yield Corporate Bond ETF
BSJN
Invesco Capital Management LLC - Invesco BulletShares 2023 High Yield Corporate Bond ETF
BSCQ
Invesco Capital Management LLC - Invesco BulletShares 2026 Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders 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.

FAQ

BSCN is a US Bonds ETF. The Invesco BulletShares 2023 Corporate Bond ETF (Fund) is based on the Nasdaq Bulletshares USD Corporate Bond 2023 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, investment-grade corporate bonds with effective maturities in 2023. 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 monthly. The Fund has a designated year of maturity of 2023 and will terminate on or about Dec. 31, 2023.

BSCN tracks the Nasdaq Bulletshares USD Corporate Bond 2023 Index.

No, BSCN 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, BSCN 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 BSCN is 0.0041%. This is the percent change in the value of BSCN over the most recent 1-month period. The 3-month return on BSCN is 0.0138%. This is the percent change in the value of BSCN over the most recent 3-month period.

The standard deviation of BSCN for the past year is 0.0113%. 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 BSCN include IGSB, VCIT, and LQD.

ETFs correlated to BSCN include BSCO, BSJO, and BSJQ.

ETFs that are inversely correlated to BSCN include TSLR, JPLD, and SJB.

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.

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