The BSCM ETF is managed by Invesco Indexing LLC, the same entity responsible for compiling and maintaining the Underlying Index. Invesco Indexing LLC is affiliated with Invesco Capital Management LLC, which serves as the fund's investment adviser, and Invesco Distributors, Inc., the fund's distributor. The primary objective of the BSCM ETF is to invest at least 80% of its total assets in securities that comprise the Underlying Index, which measures the performance of a portfolio of U.S. dollar-denominated investment-grade corporate bonds with maturities in the year 2022 or effective maturities determined based on issuer call options. The Underlying Index focuses on bonds issued by companies in the U.S., Canada, Western Europe, and Japan that meet certain criteria, including credit rating and outstanding face value, with an emphasis on market value weighting and a 5% limit on individual issuers. This ETF is designed for investors seeking exposure to a specific segment of the corporate bond market with a target maturity date in 2022.
The BSCM Dividend ETF focuses on providing investors with exposure to the performance of U.S. dollar-denominated investment-grade corporate bonds with maturities, or effective maturities, in the year 2022. This ETF adheres to strict guidelines set by Invesco Indexing LLC, the Index Provider, which is affiliated with Invesco Capital Management LLC, the Adviser, and Invesco Distributors, Inc., the Distributor. Eligible bonds for inclusion in the underlying index must meet specific criteria, including minimum credit ratings and outstanding face value requirements.
Tracking the 2022 Bonds Corporate Bond Index is at the heart of the BSCM (BondS Corporate 2022) ETF's investment strategy. This ETF primarily invests in U.S. dollar-denominated investment-grade corporate bonds with maturities in the year 2022 or effective maturities reflecting potential issuer call options. The index, compiled and maintained by Invesco Indexing LLC, aims to measure the performance of a diversified portfolio of such bonds. The BSCM ETF offers investors exposure to these bonds while effectively tracking the index, making it a suitable choice for those seeking investments in this specific bond segment.
The correlation aspect of the Invesco BulletShares 2022 Corporate Bond ETF (BSCM) is crucial for understanding its performance in relation to the 2022 Bonds included in its underlying index. BSCM primarily invests in U.S. dollar-denominated investment-grade corporate bonds with maturities around the year 2022. Given this focus, the ETF's correlation with the broader corporate bond market, particularly with bonds maturing in 2022, is of great importance to investors. Analyzing BSCM's correlations with various bond sectors and interest rate movements can provide valuable insights into its risk-return profile and suitability for investors seeking exposure to short-term corporate bonds.
The BSCM ETF, managed by Invesco, primarily invests in a portfolio of U.S. dollar-denominated investment grade corporate bonds with maturities or effective maturities in the year 2022, commonly referred to as 2022 Bonds. These bonds are issued by companies domiciled in the U.S., Canada, Western Europe, or Japan. To be eligible for inclusion in the underlying index, these bonds must meet specific criteria, including credit rating thresholds and minimum face value outstanding requirements. The ETF employs a sampling methodology to achieve its investment objective, seeking to replicate the performance of the underlying index. It maintains a concentration policy, with a focus on industries in which the underlying index exhibits concentration. The BSCM ETF is set to terminate on or about December 15, 2022, with its portfolio transitioning to cash and cash equivalents in the final months of operation, providing investors with exposure to a diversified basket of investment grade corporate bonds with a specific maturity focus.
The exposure characteristic of the Invesco BulletShares 2022 Corporate Bond ETF (BSCM) revolves around its focus on U.S. dollar-denominated investment grade corporate bonds with maturities in the year 2022. These bonds are carefully selected from a diverse universe of issuers domiciled in the U.S., Canada, Western Europe, or Japan. To be included in the ETF, these bonds must meet specific criteria, including credit ratings and face value outstanding. BSCM aims to provide investors with a targeted investment strategy focused on the fixed-income market, allowing them to benefit from the potential income and stability offered by these bonds. For detailed exposure data and insights on BSCM, ETF Insider''s web app offers a comprehensive tool to explore correlations, overlaps, and more, helping investors make informed decisions in the fixed-income space.
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