BSDE
Invesco BulletShares 2024 USD Emerging Markets Debt ETF

Price: $25.97
Change: $0.03 (-0.0%)
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.29%
ETF Home Page Home page
Inception Oct 04, 2018

Analyst Report

The Invesco BulletShares 2024 USD Emerging Markets Debt ETF tracks an index of emerging market debt that mature in the indicated year. The fund invests in a mix of U.S. dollar-denominated sovereign and corporate securities, including investment-grade and junk. BulletShares are different than traditional bond ETFs because once the scheduled maturity date is reached, the funds distribute the principal back to investors. Traditional bond ETFs continuously buy and sell their underlying bonds to maintain their target maturity. For this reason, BulletShares behave more like a traditional bond than like a bond fund. This appeals to investors who want to lock in a fixed coupon while still gaining the diversification that an ETF portfolio provides. As the maturity date nears, BulletShares emerging market debt ETFs roll the proceeds of their maturing bonds into cash or cash equivalents, including short-term Treasurys and investment-grade commercial paper. Once the target date is reached, the fund distributes the capital back to investors and shuts down. As the fund’s portfolio matures in the final year, its yields may decline. Investors who prefer to maintain their exposure to emerging market debt can sell their maturing ETF and buy a later-dated BulletShares fund or a different emerging market debt ETF. One popular strategy is “laddering” BulletShares across a range of maturity dates, which locks in fixed coupon payments and plans ahead for cash distributions at maturity. This makes them attractive to those who want the guaranteed income combined with the ease and diversification benefits an ETF can provide. For most investors, it’s far easier and cheaper to buy a BulletShares ETF than it is for them to source one or two underlying bonds. BulletShares ETFs debuted in 2010 under the Claymore brand and eventually moved to Invesco when the company acquired Guggenheim’s ETF business in 2018. For investors hoping to build a broad portfolio of emerging market debt with fixed maturities, BulletShares provide income and diversification for a competitive fee.

ETF Database Themes

Asset Class Bond
Region (General) Emerging Markets
Region (Specific) Broad
Bond Type(s) Emerging Markets
Bond Duration Intermediate-Term

FactSet Classifications

  • Segment Fixed Income: Emerging Markets - Broad Market, Broad-based Intermediate
  • Category Broad Market, Broad-based
  • Focus Broad Credit
  • Niche Intermediate
  • Strategy Bullet Maturity
  • Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $25.03
  • 52 Week Hi $26.27
  • AUM $23.4 M
  • Shares 0.9 M

Historical Trading Data

  • 1 Month Avg. Volume 3,263
  • 3 Month Avg. Volume 2,232

Alternative ETFs in the ETF Database Emerging Markets Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VWOB 0.25% $3.0 B 202,014 -2.97%
Largest (AUM) EMB 0.39% $19.2 B 5 M -3.18%
Most Liquid (Volume) EMB 0.39% $19.2 B 5 M -3.18%
Top YTD Performer CBON 0.50% $115.3 M 41,276 4.00%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

BSDE ETF Database Category Average FactSet Segment Average
Number of Holdings 92 226 92
% of Assets in Top 10 22.56% 27.60% 22.56%
% of Assets in Top 15 30.86% 32.96% 30.86%
% of Assets in Top 50 64.73% 57.82% 64.73%

Size Comparison

BSDE ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

BSDE Valuation

This section compares the P/E ratio of this ETF to its peers.

BSDE
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

BSDE Dividend

This section compares the dividend yield of this ETF to its peers.

BSDE ETF Database Category Average FactSet Segment Average
Dividend $ 0.06 $ 0.20 $ 0.06
Dividend Date 2021-10-18 N/A N/A
Annual Dividend Rate $ 0.80 $ 1.45 $ 0.80
Annual Dividend Yield 3.08% 3.59% 3.08%

BSDE Price and Volume Chart

BSDE Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 5.25 M 1 Year Net Flows: 7.88 M 3 Year Net Flows: 13.38 M 5 Year Net Flows: 13.38 M 10 Year Net Flows: 13.38 M

BSDE Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for BSDE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Emerging Markets Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

BSDE Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

BSDE
Expense Ratio
0.29%
ETF Database Category Average
Expense Ratio
0.45%
FactSet Segment Average
Expense Ratio
0.29%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
3.54/10
ESG Score
8.3%
Global Percentile
71.74%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      1.51%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      943.11
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      1.51%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      2.76%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

BSDE Performance

This section shows how this ETF has performed relative to its peers.

BSDE ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.47% -1.41% -0.47%
3 Month Return -0.40% -1.70% -0.40%
YTD Return 1.20% -2.57% 1.20%
1 Year Return 3.13% 2.13% 3.13%
3 Year Return 17.63% 11.52% 17.63%
5 Year Return N/A 8.03% 0.00%

Geographic Exposure

The following charts reflect the geographic spread of BSDE's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of BSDE's underlying holdings.

Asset Percentage
Corporate 63.63%
Sovereign 35.57%
Other 0.76%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Corporate 63.63%
Sovereign 35.57%
Other 0.76%

BSDE Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
37.63%
Rank
15 of 22

20 Day Volatility
1.56%
Rank
19 of 22

50 Day Volatility
1.27%
Rank
20 of 22

200 Day Volatility
1.30%
Rank
19 of 22

Beta
0.28
Rank
14 of 22

Standard Deviation
0.35%
Rank
17 of 21

Technicals

  • 20 Day MA $26.02
  • 60 Day MA $26.08
  • MACD 15 Period -0.03
  • MACD 100 Period -0.10
  • Williams % Range 10 Day 77.19
  • Williams % Range 20 Day 77.19
  • RSI 10 Day 38
  • RSI 20 Day 39
  • RSI 30 Day 42
  • Ultimate Oscillator 41

Bollinger Bands

  • Lower Bollinger (10 Day) $25.93
  • Upper Bollinger (10 Day) $26.05
  • Lower Bollinger (20 Day) $25.92
  • Upper Bollinger (20 Day) $26.13
  • Lower Bollinger (30 Day) $25.90
  • Upper Bollinger (30 Day) $26.26

Support & Resistance

  • Support Level 1 $25.92
  • Support Level 2 $25.87
  • Resistance Level 1 $26.01
  • Resistance Level 2 $26.05

Stochastic

  • Stochastic Oscillator %D (1 Day) 48.43
  • Stochastic Oscillator %D (5 Day) 25.19
  • Stochastic Oscillator %K (1 Day) 41.78
  • Stochastic Oscillator %K (5 Day) 28.80

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the BSDE ETF home page for more information.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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