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Snapshot: BKLN

INVESCO SENIOR LOAN ETF

22.425down-0.005 (-0.02%)

 as of 1:04:59pm ET 11/20/2019
Bid/Size 22.42/685
Ask/Size 22.43/652
Open 22.44
High 22.45
Low 22.41
Previous Close
AS OF 11/19/2019
22.43
Price Performance (Last 52 Wk)
as of 11/19/2019
-1.45%
Volume 2,824,290
Volume (90-Day Average) 5,601,496
Indicative Intraday Value Log in
NAV (Previous Day)
AS OF 11/19/2019
22.4757
Bid/Ask Midpoint (Previous Day)
AS OF 11/19/2019
22.435
Bid/Ask Spread (1 Month Average)
as of 09/30/2019
0.04%
Premium / Discount (Previous Day)
as of 11/19/2019
-0.20%
Premium / Discount (1 Month Rolling Average)
as of 11/19/2019
0.06%
Tracking Error 0.15
Options Yes
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DELAYED DATA AS OF
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ETP Type

ETF

Asset Class

Fixed Income

Geography Objective

US

Debt Type Objective

Corporate Debt

Credit Grade Objective

Multi-Credit Grades

Maturity Objective

Various Maturities

Coupon Type
Objective

Variable (Floating or Adjustable)

Net Assets
AS OF 11/19/2019

$5.3B

Net Expense Ratio

0.65%

Sponsor

Invesco Capital Management LLC, / Powershares

Inception Date

03/03/2011

Investment Philosophy

Passively Managed

Benchmark Index

S&P/LSTA U.S. Leveraged Loan 100 Index

Index Composition

Cap-Weighted

Legal Structure

Open-End Investment Company

Objective

The investment seeks to track the investment results (before fees and expenses) of the S&P/LSTA U.S. Leveraged Loan 100 Index (the "underlying index"). The fund generally will invest at least 80% of its total assets in senior loans that comprise the underlying index. The Adviser and the fund's 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.

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News, Commentary & Events

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News

  • Show article details.

    Bargains in $1.1 trillion leveraged loan market aren't big enough yet for largest investors

    MarketWatch - 11/14/2019
    CLO funds are buyers of about 70% of the market, but are waiting for even cheaper prices. Stress in the $1.1 trillion leveraged loan market this year has pulled down the prices of the debt of weaker companies, but not by enough yet to generate bargains for sector's largest investors. Retail investors have sold and credit rating agencies have accelerated downgrades, leaving stacks of loans trading at distressed prices.

Commentary

Analyst Opinions

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
FactSet 11/19/2019 -- B Details FactSet PDF Report
Ned Davis Research Group 11/04/2019 DOWNGRADE Log in for rating & report
XTF Inc. 09/30/2019 Downgrade 5.20000 out of 10 XTF Inc. PDF Report
Morningstar, Inc.** 01/31/2017 Downgrade 2 out of 52 out of 52 out of 52 out of 52 out of 5
Overall - 216 Bank Loan funds rated
Rating Information
Morningstar, Inc. PDF Report
More Analyst Opinions

Key Statistics

Compare

BKLN
INVESCO SENIOR LOAN ETF
Asset Class Median
Volume (10-Day Avg)
AS OF 11/19/2019
6.2M 26.2M
1 Week Market Total Return
AS OF 11/19/2019
-0.24% +0.21%
1 Month Market Total Return
AS OF 11/19/2019
+0.16% +0.14%
1 Year Market Total Return
AS OF 11/19/2019
+3.77% +8.57%
3 Year Annualized Market Total Return
AS OF 11/19/2019
+3.36% +3.89%
Beta (1 Year Month-End)
AS OF 10/31/2019
-0.33% 0.32
Annual Turnover Ratio
AS OF --
-- 31.00%
Net Expense Ratio
AS OF 12/28/2018
0.65% 0.25%
Compare to Other ETFs

Performance

Growth of Hypothetical $10,000 * AS OF 10/31/2019

Cumulative Total Returns AS OF 11/19/2019
NAV Return Market Return S&P/LSTA U.S. Leveraged Loan 100 Index
AS OF 11/19/2019
YTD +7.00% +7.74% +5.06%
4 Weeks +0.52% +0.16% 0.00%
13 Weeks +0.93% +0.58% 0.00%
26 Weeks +0.89% +0.77% 0.00%
Quarter-End Average Annual Total Returns AS OF 09/30/2019
NAV Return Market Return
1 Year +2.66% +2.60%
3 Year +3.45% +3.32%
5 Year +2.76% +2.81%
10 Year -- --
Life +3.19% +3.08%
Life as of NAV inception date: 03/03/2011   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Gross Expense Ratio: 0.67%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Total Basket Holdings AS OF 11/19/2019

13 (Long: 12 | Short: 0)
View All
Top 10 (100.00% of total holdings)
UNSHG 5.125 05/15/23 '19 UNIVISION COMMUNICATIONS INC 23.61%
SDLP TL B 1L USD Seadrill Operating LP 16.48%
DVMT 5.450 06/15/23 '23 DELL INTERNATIONAL LLC 16.40%
TDG 6.250 03/15/26 '22 TRANSDIGM INC 10.43%
CASH Cash† -8.33%
ADTX 5.750 04/15/26 PRIME SECURITY SERVICES BORROWER LLC 8.00%
PACKH 5.750 10/15/20 '19 REYNOLDS GROUP ISSUER INC 7.75%
SGMS 5.000 10/15/25 '20 SCIENTIFIC GAMES INTERNATIONAL INC 6.40%
VOZGH 5.500 01/15/27 '22 ZIGGO BV 6.29%
COMM 6.000 03/01/26 '22 COMMSCOPE FINANCE LLC 5.93%
†Part or all of this cash position may represent cash-in-lieu of marketable securities and not actual cash.Click here for more information.

Credit Grade / Maturity   More information  AS OF 11/19/2019

Independent third parties provide portfolio composition analytics to standardize calculations for consistent comparison. However, these calculations and the resulting credit quality analytics may differ from the ETF managers' methodology, which you can learn about in the Prospectus & Reports.

AAA -- Short Term 25.51%
Investment Grade 15.14% Intermediate Term 74.49%
High Yield 84.86% Long Term --
More about Portfolio Composition
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

**The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns. The Morningstar Rating TM for funds, or "star rating," is calculated for funds with at least a three-year history. (Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes.) It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Top basket holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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FBS receives compensation from the funds advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETFs prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

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