Invesco’s Fixed Income ETFs
ETFs can offer convenient access to broad and diversified baskets of bonds at a low cost. Discover our range of fixed income ETFs.
Invesco ETFs
BulletShares fixed maturity ETFs
Precision tools for building low cost bond portfolios.
Precision of bonds, advantages of ETFs
BulletShares have a fixed maturity like an individual bond whilst providing the diversification benefits of a fund and the intraday trading capacity of an ETF.
Broad diversification
Investing across different BulletShares maturities allows investors to build a cost-effective, diversified laddered portfolio to manage interest rate risk and cash flows.
Targeted exposure
We offer five low-cost BulletShares UCITS ETFs providing targeted exposure to USD investment grade corporate bonds, with maturities ranging from 2026 to 2030.
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An investment in this fund is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund. Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs. Any investment decision should take into account all the characteristics of the fund as described in the legal documents. For sustainability related aspects, please refer to www.invescomanagementcompany.ie/dub-manco. An investment in these funds is an acquisition of units in a passively managed, index tracking fund rather than in the underlying assets owned by the fund. For complete information on risks, refer to the legal documents applies to all: Value fluctuation, Credit risk, Interest rates, Environmental, social and governance, Concentration, Maturity Year Risk, Declining Yield Risk, Reinvestment Risk, Early Termination Risk, Securities Lending.
Investment risks
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For complete information on risks, refer to the legal documents.
Value fluctuation: The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested.
Credit risk: The creditworthiness of the debt the Fund is exposed to may weaken and result in fluctuations in the value of the Fund. There is no guarantee the issuers of debt will repay the interest and capital on the redemption date. The risk is higher when the Fund is exposed to high yield debt securities.
Interest rates: Changes in interest rates will result in fluctuations in the value of the fund.
Securities lending: The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults.
Environmental, social and governance: The Fund intends to invest in securities of issuers that manage their ESG exposures better relative to their peers. This may affect the Fund’s exposure to certain issuers and cause the Fund to forego certain investment opportunities. The Fund may perform differently to other funds, including underperforming other funds that do not seek to invest in securities of issuers based on their ESG ratings.
Concentration: The Fund might be concentrated in a specific region or sector or be exposed to a limited number of positions, which might result in greater fluctuations in the value of the Fund than for a fund that is more diversified.
Maturity Year Risk: The term of the Fund is limited. The Fund will be terminated on the Maturity Date.
Declining Yield Risk: During the Maturity Year, as the corporate bonds held by the Fund mature and the Fund’s portfolio transitions to cash and Treasury Securities, the Fund’s yield will generally tend to move toward the yield of cash and Treasury Securities and thus may be lower than the yields of the corporate bonds previously held by the Fund and/or prevailing yields for corporate bonds in the market.
Reinvestment Risk: The issuers of debt securities (especially those issued at high interest rates) may repay principal before the maturity of such debt securities. This may result in losses to the Fund on debt securities purchased at a premium.
Early Termination Risk: The Fund may be terminated in certain circumstances which are summarised in the section of the Prospectus titled “Termination”.
Access our BulletShares UCITS ETFs
Our BulletShares UCITS ETFs provide targeted exposure to USD investment grade corporate bonds, with maturity ranges from 2026 to 2030. We offer a choice of quarterly distributing or accumulating share classes which can provide a regular income stream like a bond or reinvest coupon payments until the final maturity.
Invesco BulletShares Corporate Bond UCITS ETFs
Our BulletShares UCITS ETFs can offer a cost-effective and convenient approach to portfolio laddering. They combine the benefits of investing in individual bonds with the added diversification benefits of an ETF.
Transcript
FAQ
BulletShares UCITS ETFs are defined-maturity exchange-traded funds (ETFs) that enable investors and financial professionals to build portfolios tailored to specific maturity profiles in investment grade credit. BulletShares are designed to combine the precision of individual bonds that have specific maturity dates with the potential advantages of ETFs such as diversification and transparency.
As BulletShares UCITS ETFs approach maturity, their duration decreases. In the last six months of the ETF’s maturity year, it is anticipated that the bonds in the portfolio will either mature or be called. Proceeds from these events will then be held in short-dated Bills and Bonds issued by the US Treasury.
BulletShares UCITS ETFs have defined maturities to simulate the investor experience of buying and holding individual bonds to maturity for use in bond ladders and other strategies. BulletShares UCITS ETFs have designated years of maturities that are included in the ETF’s name. Each BulletShares UCITS ETF is designed to terminate in mid-December of the designated year and make a final distribution at maturity. At each fund’s expected termination, the net asset value (NAV) of the ETF’s assets is distributed to investors without any action on their part.
A bond ladder is built with individual bonds of varying maturities. As the bonds mature, the anticipated proceeds can be used for income needs or reinvested in new bonds that mature in subsequent years. Investors may use bond ladders to help create some predictability and stability regardless of market volatility and interest rate environments. Since they have specific maturity dates, investors can use BulletShares UCITS ETFs to build bond ladders without the time and expense of using individual bonds.
Important information
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This marketing communication is exclusively for use by professional investors in Portugal. It is not intended for and should not be distributed to the public. Investors should read the legal documents prior to investing.
Data as at 3 June 2024, unless otherwise stated.
By accepting this material, you consent to communicate with us in English, unless you inform us otherwise.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change.
Telephone calls may be recorded.
For information on our funds and the relevant risks, refer to the Key Information Documents/Key Investor Information Documents (local languages) and Prospectus (English, French, German), and the financial reports, available from www.invesco.eu. A summary of investor rights is available in English from www.invescomanagementcompany.ie. The management company may terminate marketing arrangements.
UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.
Invesco BulletShares 2026 USD Corporate Bond UCITS ETF: “Bloomberg®” and the Bloomberg 2026 Maturity USD Corporate Bond Screened Index (the “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the Invesco BulletShares 2026 USD Corporate Bond UCITS ETF (the “Financial Product”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Product.
Invesco BulletShares 2027 EUR Corporate Bond UCITS ETF: “Bloomberg®” and the Bloomberg 2027 Maturity USD Corporate Bond Screened Index (the “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the Invesco BulletShares 2027 USD Corporate Bond UCITS ETF (the “Financial Product”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Product.
Invesco BulletShares 2028 USD Corporate Bond UCITS ETF: “Bloomberg®” and the Bloomberg 2028 Maturity USD Corporate Bond Screened Index (the “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the Invesco BulletShares 2028 USD Corporate Bond UCITS ETF (the “Financial Product”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Product.
Invesco BulletShares 2029 USD Corporate Bond UCITS ETF: “Bloomberg®” and the Bloomberg 2029 Maturity USD Corporate Bond Screened Index (the “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the Invesco BulletShares 2029 USD Corporate Bond UCITS ETF (the “Financial Product”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Product.
Invesco BulletShares 2030 EUR Corporate Bond UCITS ETF: “Bloomberg®” and the Bloomberg 2030 Maturity USD Corporate Bond Screened Index (the “Index”) are trademarks or service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Index (collectively, “Bloomberg”) and/or one or more third-party providers (each such provider, a “Third-Party Provider,”) and have been licensed for use for certain purposes to Invesco (the “Licensee”). To the extent a Third-Party Provider contributes intellectual property in connection with the Index, such third- party products, company names and logos are trademarks or service marks, and remain the property, of such Third-Party Provider. Bloomberg is not affiliated with the Licensee or a Third-Party Provider, and Bloomberg does not approve, endorse, review, or recommend the Invesco BulletShares 2030 USD Corporate Bond UCITS ETF (the “Financial Product”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Financial Product.
For the full objectives and investment policy please consult the current prospectus.
Invesco Investment Management Limited, Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland. Regulated by the Central Bank in Ireland.
EMEA3619226/2024
