With nearly 20 years of history since its December 2006 inception, EQWL has delivered impressive results. The ETF returned 271% over the past decade compared to 234% for the market-cap weighted SPDR S&P 500 ETF Trust (NYSEARCA:SPY), a 37 percentage point advantage. More recently, EQWL gained 18.84% over the past year versus 17.34% for SPY, and it's up 1.07% in early 2026 while SPY has gained just 0.85%. The strategy works by rebalancing quarterly, systematically trimming winners and adding to laggards. This ...

基金产品概况 - Invesco BulletShares 2027 Corporate Bond ETF (BSCR) 为投资者提供投资于2027年到期的投资级公司债的针对性方案 结合了收益创造与明确到期日的特点 [1] - 该基金规模达43亿美元 有助于维持流动性和有效跟踪其指数 [1] - 基金结构吸引那些寻求可预测现金流 并希望在透明的ETF工具内进行固定收益阶梯式配置的投资者 [1] - 基金持有分散化的公司债组合 至少80%的资产配置于其标的指数的证券 [2] - 专注于美元计价的、2027年到期的投资级公司债 旨在提供可预测的收益和明确的到期风险敞口 [2] - 截至2026年1月6日 BSCR的年化股息收益率为4.26% 其价格较52周高点低0.28% [2] 近期市场表现与持仓变动 - 截至2026年1月5日 BSCR股价为19.75美元 过去一年回报率为5.8% 但表现逊于标普500指数11.8个百分点 [2] - 机构投资者Red Spruce Capital, LLC于2026年1月5日披露 减持了185,157股BSCR 根据2025年第四季度平均价格估算 交易价值约为365万美元 [3][4] - 此次减持后 Red Spruce Capital对BSCR的持仓占其13F报告管理资产(AUM)的2.61% 已不在该基金前五大持仓之列 [2][4] - 该持仓在季度末的价值减少了337万美元 这反映了交易和股价变动的共同影响 [3][4] 投资策略与市场背景 - 公司债券ETF持有各公司发行的债务 可通过利息支付提供定期收入并可能实现资本增值 对于寻求定期、可靠支付且低风险的投资者具有吸引力 [5] - Invesco的BulletShares系列公司债券ETF设有不同到期日 BSCR持有的公司债于2027年到期 [5] - 部分投资者采用债券阶梯策略 即持有定期到期的债券 以确保更规律的派息 这些资金可再投资于到期日更晚的债券基金 [6] - Red Spruce Capital同时持有到期日为2025、2026、2028、2029及2030年的Invesco公司债券ETF 根据最新SEC文件 该机构在1月5日减持了其中多数ETF的份额 [6] - 公司债券ETF在动荡或难以预测的经济环境中 可为寻求稳定性和定期支付的投资者提供有力的投资选择 是投资组合多元化和压舱石的可靠选项 但可能无法带来最高的投资回报 [7]

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纳斯达克100指数与景顺QQQ ETF概况 - 纳斯达克100指数由在纳斯达克交易所上市的100家最大非金融公司构成，其权重高度集中于科技板块，占比超过60%[2] - 纳斯达克交易所是早期科技公司上市的首选地，已有超过3,500家公司在此上市，因其费用更低、壁垒更少[1] - 纳斯达克100指数在2025年实现了20%的涨幅，目前交易价格接近历史最高点[3] 指数构成与权重集中度 - 指数采用市值加权法，但设有单一公司权重上限，确保不超过24%，以避免投资组合过度集中导致的波动[4] - 指数结构呈现高度集中化，在景顺QQQ ETF中，前十大持仓的合计权重高达51.7%，远高于其余90只成分股[5] - 前十大持仓公司包括英伟达(9.04%)、苹果(8.01%)、微软(7.17%)、Alphabet(7.01%)、亚马逊(4.92%)、特斯拉(3.97%)、Meta Platforms(3.87%)、博通(3.26%)、Palantir Technologies(2.24%)和Netflix(2.19%)[6][7] 成分股表现与行业驱动 - 前十大持仓公司涉足人工智能、机器人、自动驾驶汽车和量子计算等高速增长的科技领域，过去五年平均回报率达346%，这是纳斯达克100持续跑赢更多元化的标普500指数的一个关键原因[7] - 超微半导体和美光科技在2025年表现突出，股价分别飙升77%和239%，它们正与英伟达和博通一起成为最重要的AI半导体公司[9] - 指数也包含非科技股以实现一定多元化，如好市多、林德集团、百事可乐和星巴克，这些持仓有助于降低指数的一些整体波动，但无法单独抵消科技板块特有的市场暴跌[10] 历史业绩与长期投资价值 - 自1999年成立以来，景顺QQQ ETF实现了10.5%的年均回报率，而在过去十年中，得益于企业软件、云计算、电动汽车和人工智能等技术的广泛采用，其年均回报率加速至19.3%[11] - 该回报率涵盖了期间所有的市场下跌，包括自1999年以来的五次熊市（峰值到谷底跌幅达20%或以上），这些熊市由2000年互联网泡沫破裂、2008年全球金融危机、2020年COVID-19大流行、2022年通胀飙升以及2025年特朗普“解放日”关税等经济冲击引发[13] - 尽管纳斯达克100指数目前交易于历史高位附近，但历史经验表明，对于寻求长期回报的投资者而言，现在可能仍是买入景顺QQQ ETF的好时机[15]

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...