FOR MORE INFORMATION, VISIT NASDAQOMX.COM/BULLETSHARES. NASDAQ BULLETSHARES USD CORPORATE BOND INDEXES NASDAQ BulletShares® USD Corporate Bond Indexes provide maturity targeted exposure to the U.S. dollar-denominated investment grade corporate bond market. Each Index tracks a diversified basket of bonds with the same annual maturity and is designed to have a return profile similar to that of an individual held-to-maturity bond. The result is a series of fixed income indexes with successive annual maturities. BulletShares® Indexes are diversified bond portfolios designed to behave like bonds. Constructed through a transparent, rules-based methodology, each index consists of U.S. dollardenominated securities of globally domiciled corporate issuers that pay fixed amounts of taxable interest. Bonds must meet the following criteria to be included: TICKER INDEX BSCBE 2014 INDEX BSCBF 2015 INDEX BSCBG 2016 INDEX BSCBH 2017 INDEX BSCBI 2018 INDEX BSCBJ 2019 INDEX BSCBK 2020 INDEX BSCBL 2021 INDEX BSCBM 2022 INDEX BSCBN 2023 INDEX Credit rating of at least BBB- by Standard and Poors, Baa1 by Moody’s Investors Service, Inc. or BBBby Fitch Inc. Minimum outstanding par amount of $500 million. On an annual basis, each bond in the universe of eligible securities is allocated to a specific NASDAQ BulletShares® USD Corporate Bond Index based on its year of maturity, or in some cases effective maturity. Effective maturity is utilized for callable bonds that have been assessed as having a reasonable likelihood of being called by the issuer prior to maturity. The indexes are market value weighted and rebalanced on the last business day of each month. YIELD TO MATURITY BY INDEX (IN PERCENT) MODIFIED DURATION BY INDEX 5.0 10.0 4.0 8.0 3.0 6.0 2.0 4.0 1.0 2.0 WEIGHTED AVERAGE YTM WEIGHTED AVERAGE DURATION 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2023 2022 2021 2020 2019 2018 2017 2016 2015 0 2014 0 INDEX TOP 10 ISSUES (ISSUER, COUPON RATE, MATURITY, INDEX WEIGHT) BSCBE 2014 INDEX BSCBF 2015 INDEX BSCBG 2016 INDEX BSCBH 2017 INDEX BSCBG 2018 INDEX Citigroup Inc 5 | 9/15/14 | 2.1% ABBVIE INC 1.2 | 11/6/15 | 1.2% Verizon Communication Inc 2.5 | 9/15/16 | 1.4% Citigroup Inc 6.125 | 11/21/17 | 1.6% Merrill Lynch Co Inc Mtn Be 6.875 | 4/25/18 | 1.9% Morgan Stanley 4.75 | 4/1/14 | 1.8% Pfizer Inc 5.35 | 3/15/15 | 1.1% Goldman Sachs Group Inc 3.625 | 2/7/16 | 1.4% General Electric Co 5.25 | 12/6/17 | 1.6% Jp Morgan Chase & Co 6 | 1/15/18 | 1.7% Bank Amer Corp 7.375 | 5/15/14 | 1.5% Bnp Paribas / Bnp Paribas Us 3.25 | 3/11/15 | 1.0% JPMorgan Chase & Co 3.15 | 7/5/16 | 1.3% Bank of America Corporation 5.75 | 12/1/17 | 1.4% Verizon Communication Inc 3.65 | 9/14/18 | 1.5% Barclays Bk Plc 5.2 | 7/10/14 | 1.3% Bank Amer Corp 4.5 | 4/1/15 | 1.0% Bank Amer Corp 6.5 | 8/1/16 | 1.3% Abbvie Inc 1.75 | 11/6/17 | 1.4% Goldman Sachs Group Inc 6.15 | 4/1/18 | 1.4% JPMorgan Chase & Co 4.65 | 6/1/14 | 1.3% JPMorgan Chase & Co 3.7 | 1/20/15 | 1.0% Cisco Sys Inc 5.5 | 2/22/16 | 1.1% Deutsche Bk Ag London 6 | 9/1/17 | 1.3% General Elec Cap Corp Mtn Be 5.625 | 5/1/18 | 1.4% Shell International Fin Bv 4 | 3/21/14 | 1.2% Morgan Stanley 6 | 4/28/15 | 0.9% Home Depot Inc 5.4 | 3/1/16 | 1.1% International Business Machs 5.7 | 9/14/17 | 1.2% Bank Amer Corp 5.65 | 5/1/18 | 1.3% Goldman Sachs Grp Inc Mtn Be 6 | 5/1/14 | 1.2% Goldman Sachs Grp Inc 5.125 | 1/15/15 | 0.9% JPMorgan Chase & Co 3.45 | 3/1/16 | 1.0% Jp Morgan Chase Bank Na 6 | 10/1/17 | 1.2% Morgan Stanley 6.625 | 4/1/18 | 1.2% SBC Communications Inc 5.1 | 9/15/14 | 1.2% Goldman Sachs Grp Inc 3.7 | 8/1/15 | 0.9% Goldman Sachs Group Inc 5.35 | 1/15/16 | 0.9% General Elec Cap Corp Mtn Be 5.625 | 9/15/17 | 1.2% American Intl Group Inc 8.25 | 8/15/18 | 1.2% Morgan Stanley 6 | 5/13/14 | 1.1% General Elec Cap Corp Mtn Be 2.15 | 1/9/15 | 0.8% Wells Fargo & Co New 3.676 | 6/15/16 | 0.9% Wells Fargo & Co New 5.625 | 12/11/17 | 1.2% Apple Inc 1 | 5/3/18 | 1.1% Credit Suisse New York Branc 5.5 | 5/1/14 | 1.1% Bank N S Halifax 3.4 | 1/22/15 | 0.8% Morgan Stanley 3.8 | 4/29/16 | 0.8% Merrill Lynch Co Inc Mtn Be 6.4 | 8/28/17 | 1.1% Goldman Sachs Group Inc 5.95 | 1/18/18 | 1.1% BSCBJ 2019 INDEX BSCBK 2020 INDEX BSCBL 2021 INDEX BSCBM 2022 INDEX BSCBN 2023 INDEX Pfizer Inc 6.2 | 3/15/19 | 1.9% Verizon Communications Inc 4.5 | 9/15/20 | 2.3% Goldman Sachs Group Inc 5.25 | 7/27/21 | 2.3% Goldman Sachs Group Inc 5.75 | 1/24/22 | 2.6% Verizon Communication Inc 5.15 | 9/15/23 | 6.7% Goldman Sachs Grp Inc Mtn Be 7.5 | 2/15/19 | 1.8% Bank Amer Corp 5.625 | 7/1/20 | 1.8% General Elec Cap Corp Mtn Be 4.65 | 10/17/21 | 1.9% JPMorgan Chase & Co 4.5 | 1/24/22 | 1.7% Apple Inc 2.4 | 5/3/23 | 2.8% Citigroup Inc 8.5 | 5/22/19 | 1.8% Kraft Foods Inc 5.375 | 2/10/20 | 1.7% Hsbc Finance Corp 6.676 | 1/15/21 | 1.9% Barclays Bk Plc 7.625 | 44886 | 1.6% Bank Amer Corp 3.3 | 1/11/23 | 2.3% Cooperatieve Centrale Raiff 3.875 | 2/8/22 | 1.5% JPMorgan Chase & Co 3.2 | 1/25/23 | 1.5% JPMorgan Chase & Co 6.3 | 4/23/19 | 1.8% Goldman Sachs Grp Inc Mtn Be Bnp Paribas / Bnp Paribas Us 5.375 | 3/15/20 | 1.6% 5 | 1/15/21 | 1.8% Bank Amer Corp 7.625 | 6/1/19 | 1.8% JPMorgan Chase & Co 4.25 | 10/15/20 | 1.5% JPMorgan Chase & Co 4.35 | 8/15/21 | 1.7% JPMorgan Chase & Co 3.25 | 9/23/22 | 1.5% Morgan Stanley 3.75 | 2/25/23 | 1.4% Novartis Securities Investme 5.125 | 2/10/19 | 1.7% Cisco Sys Inc 4.45 | 1/15/20 | 1.5% Morgan Stanley 5.75 | 1/25/21 | 1.6% Abbvie Inc 2.9 | 11/6/22 | 1.4% General Elec Cap Corp Mtn Be 3.1 | 1/7/21 | 1.4% Morgan Stanley 5.625 | 9/23/19 | 1.7% JPMorgan Chase & Co 4.4 | 7/22/20 | 1.4% Hsbc Hldgs Plc 5.1 | 4/5/21 | 1.5% General Electric Co 2.7 | 10/9/22 | 1.4% Goldman Sachs Group Inc 3.625 | 1/22/23 | 1.2% Morgan Stanley 7.3 | 5/13/19 | 1.6% Anheuser Busch Inbev Worldwi 5.375 | 1/15/20 | 1.4% Morgan Stanley 5.5 | 7/28/21 | 1.5% Anheuser Busch Inbev Worldwi 2.5 | 7/15/22 | 1.4% Chevron Corp New 3.191 | 6/24/23 | 1.2% Anheuser Busch Inbev Worldwi 7.75 | 1/15/19 | 1.6% Citigroup Inc 5.375 | 8/9/20 | 1.4% Wells Fargo Co Mtn Be 4.6 | 4/1/21 | 1.5% Citigroup Inc 4.5 | 1/14/22 | 1.3% Bank Amer Corp 4.1 | 7/24/23 | 1.1% Bank Amer Corp 5.7 | 1/24/22 | 1.3% Royal BK Scotland Group PLC 6 | 12/19/23 | 1.1% Dow Chem Co 8.55 | 5/15/19 | 1.3% *COUPON RATE General Elec Cap Corp Mtn Be General Elec Cap Corp Mtn Be 5.5 | 1/8/20 | 1.2% 4.625 | 1/7/21 | 1.4% **WEIGHTING INDEX STATISTICS BSCBE 2014 BSCBF 2015 BSCBG 2016 BSCBH 2017 BSCBI 2018 BSCBJ 2019 BSCBK 2020 BSCBL 2021 BSCBM 2022 BSCBN 2023 WEIGHTED AVG. COUPON (%) 4.6 3.4 3.5 4.0 4.4 5.9 4.8 4.5 3.7 3.7 WEIGHTED AVG. ACCRETIVE RATING1 A2 A2 A3 A3 A3 A3 A3 A3 BAA1 A3 WEIGHTED AVG. MODIFIED DURATION 0.5 1.5 2.4 3.3 4.0 4.6 5.5 6.3 7.2 7.8 WEIGHTED AVG. YEARS TO MATURITY 0.5 1.6 2.5 3.6 4.4 5.4 6.5 7.5 8.5 9.4 WEIGHTED AVG. YTM (%)3 0.7 0.9 1.2 1.9 2.4 2.9 3.3 3.7 4.0 4.2 NUMBER OF BONDS 202 278 292 252 282 189 179 177 201 182 PAR VALUE ($BILLIONS) 198.4 282.4 293.0 267.9 310.1 175.3 173.7 174.0 206.8 183.9 TOP 10 ISSUES (%) 13.8% 9.6% 11.1% 13.1% 13.9% 17.0% 15.9% 17.0% 15.6% 20.7% PERFORMANCE 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 INDEX LEVEL 114.68 118.66 125.09 128.64 132.19 130.77 132.61 109.60 96.41 100 DAILY 0.00% 0.01% 0.00% -0.03% -0.07% -0.06% -0.10% -0.15% -0.15% - 1 MONTH 0.05% 0.07% -0.13% -0.49% -0.62% -0.75% -0.17% -0.24% -0.33% - 3 MONTHS 0.22% 0.55% 0.75% 0.86% 0.92% 1.08% 1.30% 1.35% 0.99% - 6 MONTHS 0.66% 1.31% 1.93% 2.66% 2.59% 2.56% 2.67% 2.37% 1.80% - 1 YEAR 1.13% 1.73% 2.15% 1.21% 0.85% 0.45% -0.44% -1.80% -3.59% - 3 YEARS 9.01% 12.87% 16.45% 18.85% 20.87% 20.86% 22.16% - - - INCEPTION2 13.23% 17.62% 22.25% 26.14% 28.88% 27.87% 29.69% 9.97% -3.59% - ANNUALIZED 3.44% 4.52% 5.62% 6.53% 7.15% 6.92% 7.33% 2.62% -3.60% - 1 Accretive calculates a weighted average composite rating for each index. The composite rating for each security in the eligible universe is determined by calculating the simple average of the security’s ratings published by Nationally Recognized Statistical Rating Organizations and then rounding down to the nearest rating step. Each composite rating is then multiplied by each securities’ weight in the portfolio to determine the overall index rating. 2BulletShares® USD Corporate Bond Indices 2014 through 2023 inception date December 31, 2010. BulletShares® USD Corporate Bond 2021 index inception date for 2014 – 2023 Indices December 31, 2013, 2023 Index inception date 01.01.13. 3 Yield to Maturity is an annualized estimate for the index and does not represent the yield of the index for time periods less than one year. NOTE BulletShares® USD Corporate Bond Indices as of January 1, 2014. DISCLAIMER The information contained in this fact sheet is intended for personal use only and should not be relied upon as the basis for the execution of a security trade. Investors are advised to consult with their broker or other financial representative to verify pricing information for any securities referenced herein. Neither Accretive Asset Management LLC, The NASDAQ OMX Group, Inc. nor any of their direct or indirect third-party data suppliers or their affiliates shall have any liability for the accuracy or completeness of the information contained herein, nor for any lost profits, indirect, special or consequential damages. Accretive Asset Management LLC or its direct or indirect third-party data suppliers or their affiliates have exclusive proprietary rights in any information contained herein. The information contained in this fact sheet may not be used for any unauthorized purpose or redistributed without prior written approval from Accretive Asset Management LLC. CONTACTS WWW.NASDAQOMX.COM/BULLETSHARES @NASDAQIndexes LICENSING + 1 301 978 8050 [email protected] INDEX DATA SALES + 1 301 978 5307 OR + 45 33 93 3366 [email protected] © COPYRIGHT 2014. BULLETSHARES IS A TRADEMARK OF ACCRETIVE ASSET MANAGEMENT LLC. NASDAQ AND NASDAQ OMX ARE TRADEMARKS OF THE NASDAQ OMX GROUP, INC. Q14-0012. 01-14
© Copyright 2024 ExpyDoc
