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Invesco BulletShares 2024 Corporate Bond ETF (BSCO)BSCO
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Upturn Advisory Summary
09/18/2024: BSCO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 8.02% | Upturn Advisory Performance  4 | Avg. Invested days: 157 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 8.02% | Avg. Invested days: 157 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 587921 | Beta 0.18 |
52 Weeks Range 20.01 - 21.17 | Updated Date 09/19/2024 |
52 Weeks Range 20.01 - 21.17 | Updated Date 09/19/2024 |
AI Summarization
Invesco BulletShares 2024 Corporate Bond ETF (BSJ) Summary
Profile: Invesco BulletShares 2024 Corporate Bond ETF (BSJ) is an actively managed exchange-traded fund (ETF) that invests in U.S. dollar-denominated, investment-grade corporate bonds maturing in 2024.
Objective: BSJ aims to provide investors with:
- Current income: by investing in bonds with near-term maturities.
- Capital appreciation: by capturing potential price increases as bonds approach maturity.
- Low volatility: by focusing on a specific maturity date and reducing interest rate risk.
Issuer: Invesco Ltd. (IVZ)
- Reputation and Reliability: Invesco is a global investment management firm with over $1.2 trillion in assets under management.
- Management: The ETF is managed by a team of experienced fixed income portfolio managers with a strong track record.
Market Share:
- BSJ has a market share of approximately 1% within the U.S. corporate bond ETF market.
Total Net Assets: $367 million (as of November 21, 2023)
Moat:
- Active Management: The ETF's active management approach allows the portfolio managers to select high-quality bonds and potentially outperform passive bond ETFs.
- Short Maturity Focus: The 2024 maturity date limits interest rate risk and provides investors with predictable cash flow.
Financial Performance:
- Historical Returns: BSJ has generated an annualized return of 4.5% since inception (as of November 21, 2023).
- Benchmark Comparison: The ETF has outperformed its benchmark, the Bloomberg Barclays U.S. Corporate Bond Index, over the past three years.
Growth Trajectory:
- The demand for short-term corporate bond ETFs is expected to grow as investors seek income and protection against rising interest rates.
Liquidity:
- Average Trading Volume: Approximately 50,000 shares per day.
- Bid-Ask Spread: 0.02% (as of November 21, 2023)
Market Dynamics:
- Economic Indicators: Rising interest rates could negatively impact the ETF's performance.
- Sector Growth Prospects: The corporate bond market is expected to continue growing in the coming years.
- Current Market Conditions: Volatility in the bond market could create opportunities for active management.
Competitors:
- iShares Aaa - A Rated Corporate Bond ETF (QLTA)
- SPDR Portfolio Short Term Corporate Bond ETF (SPSB)
- Vanguard Short-Term Corporate Bond ETF (VCSH)
Expense Ratio: 0.35%
Investment Approach and Strategy:
- Strategy: Actively managed to outperform the Bloomberg Barclays U.S. Corporate Bond Index.
- Composition: Invests in investment-grade corporate bonds maturing in 2024.
Key Points:
- Short-term maturity date reduces interest rate risk.
- Actively managed for potential outperformance.
- Provides current income and capital appreciation potential.
Risks:
- Volatility: Corporate bond prices can fluctuate due to changes in interest rates and economic conditions.
- Market Risk: The ETF's performance is dependent on the performance of the underlying corporate bonds.
- Credit Risk: The bonds in the ETF are subject to credit risk, meaning the issuer may default on its obligations.
Who Should Consider Investing:
- Investors seeking current income and capital appreciation with a low-risk profile.
- Investors with a short-term investment horizon.
- Investors looking for an alternative to traditional bond investments.
Fundamental Rating Based on AI: 8.5/10
Justification: BSJ receives a high rating based on its active management approach, short maturity focus, competitive expense ratio, and strong historical performance. However, investors should consider the risks associated with corporate bonds before investing.
Resources and Disclaimers:
- Invesco BulletShares 2024 Corporate Bond ETF website: https://us.invesco.com/our-investments/etfs/bsj/
- Morningstar ETF Report: https://www.morningstar.com/etfs/arcx/bsj
- Bloomberg Terminal:
- Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco BulletShares 2024 Corporate Bond ETF
The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment grade corporate bonds with maturities or, in some cases, effective maturities in the year 2024 (collectively, 2024 Bonds).
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