BSCM — Invesco BulletShares 2022 Corporate Bond ETF

Data updated: 2023-01-30

BSCM — Invesco BulletShares 2022 Corporate Bond ETF. Corporate Bond · $1.52B AUM · 0.10% expense ratio. Holdings, fees, performance and SEC filings.

BSCM Fund Overview

BSCM — Invesco BulletShares 2022 Corporate Bond ETF is a US ETF managed by Invesco Exchange-Traded Self-Indexed Fund Trust, categorised as Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

BSCM Investment Objective and Strategy

Invesco BulletShares 2022 Corporate Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Invesco Exchange-Traded Self-Indexed Fund Trust.

Investment objective

The Invesco BulletShares 2022 Corporate Bond ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Nasdaq BulletShares ® USD Corporate Bond 2022 Index (the “Underlying Index”).

Principal investment strategy

The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the Index Provider) compiles and maintains the Underlying Index. The Underlying Index is designed to represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds with effective maturities in the year 2022. As of August 31, 2018, the Underlying Index was comprised of approximately 339 investment grade corporate bonds with effective maturities in the year 2022. The effective maturity of an eligible corporate bond is determined by its actual maturity or, in the case of callable securities, the effective maturity of the security is determined in accordance with the Underlying Indexs rules-based methodology.

The actual maturity of a callable security may change because an issuer of a callable security may call or repay the amount owed under the security before its stated maturity. Each year, as the Fund moves closer to its designated year of maturity, the Funds expected duration will become shorter. The Index Provider is affiliated with Invesco Capital Management LLC, the Funds investment adviser (the Adviser), and Invesco Distributors, Inc., the Funds distributor (the Distributor). The Fund has a designated year of maturity of 2022 and will terminate on or about December 31, 2022. In connection with such termination, the Fund will make a cash distribution to then-current shareholders of its net assets after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount at maturity.

In the last six months of operation, when the bonds held by the Fund mature, the Funds portfolio will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment grade commercial paper. The Fund will terminate on or about December 31, 2022 without requiring additional approval by the Board of Trustees (the Board) of Invesco Exchange-Traded Self-Indexed Fund Trust (the Trust) or Fund shareholders. The Board may change the termination date to an earlier or later date without shareholder approval if a majority of the Board determines the change to be in the best interest of the Fund. The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a sampling methodology to seek to achieve its investment objective.

The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of May 31, 2018, the Fund had significant exposure to the financials sector. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.

BSCM Performance

Total returns for BSCM (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year0.8%
3 years (annualised)1.8%

BSCM Risk Information

Risk metrics for BSCM, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 0.6%

BSCM Costs and Fees

BSCM costs about $10 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.10%
  • Gross expense ratio: 0.10%
  • Portfolio turnover: 16%
  • Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

BSCM Cashflows

Over the 12 months to 2022-11, Invesco BulletShares 2022 Corporate Bond ETF had net outflows of $866.59M, from monthly SEC N-PORT filings.

MonthNet flow
2022-11−$162.45M
2022-10−$95.42M
2022-09−$70.00M
2022-08−$89.16M
2022-07−$76.30M
2022-06−$70.00M

BSCM Debt Constituents

No individual debt constituents are reported in Invesco BulletShares 2022 Corporate Bond ETF's latest SEC N-PORT filing.

BSCM Prospectus and SEC Filings

Official Invesco BulletShares 2022 Corporate Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Corporate Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.