Key stats
About INVESCO EXCHANGE TRADED FD TR II
Expense ratio
0.65%
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Inception date
Mar 3, 2011
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
What's in the fund
Exposure type
Loans
Corporate
Mutual fund
Bonds, Cash & Other100.00%
Loans64.33%
Corporate16.97%
Mutual fund16.60%
Cash1.17%
Miscellaneous0.92%
Leveraged Loans | Corporate Risk Premium Crisis?Many of you may not be familiar with leveraged loans and the ETFs that have become available to investors through funds over the last few years, but they are important to understand in order to have an edge over the rest of the markets these days - whether that's traditional equities, commodities, d
US Levered Bonds (HY senior debt) sell offWide credit spreads and raised risk of default in HY. 65bps mgmt fee on $BKLN - good holding a short.
Senior Loan Portfolio with Huge Put OptionsWith Huge Put options seen with BKLN with more than 63000 Contracts entered yesterday its expected to have a bearish direction toward 22.60 minimum with C wave target confirmed by 0-5 pattern
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