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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Senior Loan ETF

BKLN | ETF

$21.08

$8.09 B

7.52%

$1.59

0.67%

Vitals

YTD Return

7.6%

1 yr return

9.9%

3 Yr Avg Return

5.9%

5 Yr Avg Return

4.6%

Net Assets

$8.09 B

Holdings in Top 10

20.2%

52 WEEK LOW AND HIGH

$21.1
$20.69
$21.23

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Senior Loan ETF

BKLN | ETF

$21.08

$8.09 B

7.52%

$1.59

0.67%

BKLN - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.08%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Senior Loan ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Mar 03, 2011
  • Shares Outstanding
    233800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Baskind

Fund Description

The Fund generally will invest at least 80% of its total assets in the components of the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures Morningstar, Inc. (“Morningstar” or the “Index Provider”) compiles, maintains and calculates the Underlying Index, which tracks the market value weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. Pursuant to a benchmark administration agreement with the Index Provider, S&P Dow Jones Indices LLC (“S&P DJI” or the “Benchmark Administrator”) serves as the benchmark administrator for the Underlying Index. Invesco Capital Management LLC (the “Adviser”) and the Fund’s sub-adviser, Invesco Senior Secured Management, Inc. (the “Sub-Adviser”), define senior loans to include loans referred to as leveraged loans, bank loans and/or floating rate loans. Banks and other lending institutions generally issue senior loans to corporations, partnerships or other entities (“borrowers”). These borrowers operate in a variety of industries and geographic regions, including foreign countries.
Senior loans often are issued in connection with recapitalizations, acquisitions, leveraged buyouts and re-financings. Senior loans typically are structured and administered by a financial institution that acts as agent for the lenders in the lending group. The Fund generally will purchase loans from banks or other financial institutions through assignments or participations. The Fund may acquire a direct interest in a loan from the agent or another lender by assignment or an indirect interest in a loan as a participation in another lender’s portion of a loan. The Fund generally will sell loans it holds by way of an assignment, but may sell participation interests in such loans at any time to facilitate its ability to fund redemption requests.
To be included in the Underlying Index, leveraged loans must be senior secured, denominated in U.S. dollars and must have a minimum initial term of one year and a minimum par amount of $50 million. A leveraged loan is rated below investment grade quality or is unrated but deemed to be of comparable quality. The Fund will invest in loans that are expected to be below investment grade quality and to bear interest at a floating rate that periodically resets. The Underlying Index may include, and the Fund may acquire and retain, loans of borrowers that are in default.
As of October 31, 2023, the Underlying Index was comprised of 100 constituents.
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.
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total 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.
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BKLN - Performance

Return Ranking - Trailing

Period BKLN Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -4.1% 10.2% 47.74%
1 Yr 9.9% -3.7% 14.6% 29.32%
3 Yr 5.9%* -6.9% 8.3% 29.84%
5 Yr 4.6%* -6.2% 38.4% 52.32%
10 Yr 3.6%* -2.2% 19.7% 57.92%

* Annualized

Return Ranking - Calendar

Period BKLN Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -12.0% 11.1% 46.62%
2022 -7.1% -22.9% 5.1% 46.72%
2021 -0.8% -12.2% 11.1% 95.65%
2020 -2.4% -14.1% 289.8% 42.80%
2019 4.8% -8.1% 7.5% 2.97%

Total Return Ranking - Trailing

Period BKLN Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -4.1% 10.2% 47.74%
1 Yr 9.9% -3.7% 14.6% 29.32%
3 Yr 5.9%* -6.9% 8.3% 29.84%
5 Yr 4.6%* -6.2% 38.4% 52.32%
10 Yr 3.6%* -2.2% 19.7% 57.92%

* Annualized

Total Return Ranking - Calendar

Period BKLN Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -12.0% 22.1% 44.36%
2022 -2.5% -22.9% 5.1% 56.37%
2021 2.3% -10.2% 11.1% 94.07%
2020 1.3% -14.1% 306.9% 60.49%
2019 10.0% -3.6% 10.5% 2.12%

BKLN - Holdings

Concentration Analysis

BKLN Category Low Category High BKLN % Rank
Net Assets 8.09 B 29.9 M 13.5 B 2.69%
Number of Holdings 168 2 1977 89.92%
Net Assets in Top 10 1.37 B -191 M 2.37 B 2.71%
Weighting of Top 10 20.21% 5.2% 100.7% 24.51%

Top 10 Holdings

  1. Invesco Premier U.S. Government Money Portfolio, Institutional Class 5.96%
  2. Ultimate Software Group, Inc., First Lien Term Loan 1.86%
  3. athenahealth Group Inc., Term Loan 1.76%
  4. Peraton Corp., First Lien Term Loan B 1.72%
  5. Cloud Software Group, Inc., Term Loan 1.67%
  6. McAfee, LLC, Term Loan 1.57%
  7. AssuredPartners, Inc., Term Loan 1.51%
  8. Mozart Debt Merger Sub Inc. (Medline Industries), Term Loan 1.43%
  9. Micro Holding, L.P., First Lien Term Loan 1.37%
  10. Bass Pro Group, LLC, Term Loan B-2 1.36%

Asset Allocation

Weighting Return Low Return High BKLN % Rank
Bonds 		94.55% 0.00% 161.82% 56.20%
Cash 		5.96% -61.90% 16.36% 23.64%
Stocks 		0.00% 0.00% 100.74% 92.64%
Preferred Stocks 		0.00% -3.99% 7.30% 46.51%
Other 		0.00% -52.39% 34.87% 64.73%
Convertible Bonds 		0.00% 0.00% 5.51% 54.30%

Bond Sector Breakdown

Weighting Return Low Return High BKLN % Rank
Corporate 		89.86% 0.00% 99.80% 47.27%
Cash & Equivalents 		5.96% 0.00% 25.03% 22.09%
Derivative 		0.00% -10.96% 0.59% 55.43%
Securitized 		0.00% 0.00% 91.68% 55.47%
Municipal 		0.00% 0.00% 0.47% 19.14%
Government 		0.00% 0.00% 3.18% 39.06%

Bond Geographic Breakdown

Weighting Return Low Return High BKLN % Rank
US 		94.55% 0.00% 123.41% 36.82%
Non US 		0.00% 0.00% 63.23% 51.94%

BKLN - Expenses

Operational Fees

BKLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.03% 5.51% 93.58%
Management Fee 0.65% 0.00% 1.89% 52.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

BKLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BKLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BKLN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 180.00% 88.17%

BKLN - Distributions

Dividend Yield Analysis

BKLN Category Low Category High BKLN % Rank
Dividend Yield 7.52% 0.00% 11.13% 35.34%

Dividend Distribution Analysis

BKLN Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BKLN Category Low Category High BKLN % Rank
Net Income Ratio 3.08% 1.77% 9.82% 77.95%

Capital Gain Distribution Analysis

BKLN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BKLN - Fund Manager Analysis

Managers

Scott Baskind

Start Date

Tenure

Tenure Rank

Mar 03, 2011

11.25

11.3%

Scott Baskind Head of Global Senior Loans and Chief Investment Officer Scott is the president and managing director of Invesco’s US$27.9 billion senior loan business and serves as the group’s chief investment officer. Scott is head of the senior loan Investment Committee and serves as the senior portfolio manager for several funds. Scott joined Invesco Senior Secured Management, Inc. in 1999 as a credit analyst, and has taken on progressively more senior roles including his current position in 2014.

Peter Hubbard

Start Date

Tenure

Tenure Rank

Mar 03, 2011

11.25

11.3%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Gary Jones

Start Date

Tenure

Tenure Rank

Jan 31, 2012

10.34

10.3%

Gary Jones is a Portfolio Manager of Invesco PowerShares Capital Management LLC and has been one of the Portfolio Managers primarily responsible for the day-to-day management of the Funds since January 2012. Mr. Jones has been a Portfolio Manager of the Adviser since December 2010. Previously, he was a Portfolio Manager of Van Kampen Investments from 2007 to 2009.

Seth Misshula

Start Date

Tenure

Tenure Rank

Feb 28, 2014

8.26

8.3%

Seth Misshula, Head Trader and Portfolio Manager for the Senior Secured Bank Loan Group of Invesco Senior Secured, and has been associated with Invesco Senior Secured Management, Inc. and/or its affiliates since 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25

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