Key stats
About Invesco Senior Loan ETF
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Inception date
Mar 3, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
BKLN offers higher yield with less interest rate risk but significantly higher credit risk. The index tracks the 100 largest bank loan facilities floating-rate, high-yield senior debt issued by banks to companies. Bank loans offer relative safety from interest rate risk because the coupons are reset periodically, but they do take significant credit risk. In fact, the bulk of BKLN`s portfolio is below investment grade and debt from firms in bankruptcy is not ruled out either. While the floating rate feature greatly reduces sensitivity to changes in interest rates, it doesn`t eliminate it. A spike in interest rates makes it harder for issuers to service their debt, potentially raising default risk. The index is rebalanced and reconstituted semi-annually. Prior to August 29, 2022 the fund tracked the S&P/LSTA U.S. Leveraged Loan 100 Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Loans
Corporate
Bonds, Cash & Other100.00%
Loans74.86%
Corporate16.28%
Mutual fund6.48%
Miscellaneous1.43%
Cash0.94%
Stock breakdown by region
North America90.11%
Europe9.89%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history