US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
Invesco BKLN Invesco Senior Loan ETF
Tracks the Morningstar LSTA US Leveraged Loan 100 Index — floating-rate senior loans, monthly distribution.
Updated Reviewed quarterly
BKLN holds below-investment-grade credit (most loans rated BB or B). Default rates rise sharply in recessions; liquidity in the underlying loan market is thinner than for investment-grade bonds. The high yield reflects credit risk, not a free lunch — read Invesco's prospectus before investing.
About this fund
What is BKLN?
BKLN is the US-listed ticker for Invesco Senior Loan ETF, issued by Invesco. Tracks the Morningstar LSTA US Leveraged Loan 100 Index — floating-rate senior loans, monthly distribution. TER is 0.65% per year, with a trailing 12-month distribution yield of approximately 7.5%. Distributions are paid monthly.
Next typical distribution: June.BKLN typically pays every month. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy BKLN from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Hatch Hatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 Stake Stake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive Brokers Interactive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is BKLN taxed for NZ investors?
BKLN is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000 (source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
US dividends carry 15% (source) withholding under the NZ–US tax treaty (file W-8BEN; default rate without it is 30% (source) ). The withheld amount can be claimed as a foreign tax credit on your IR3.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to BKLN
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| FNZ | NZ Top 50 (FNZ) Smartshares · NZX | 0.52% | 3.8% | Quarterly | PIE | BKLN vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · NZX | 0.29% | 3.2% | Quarterly | PIE | BKLN vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | — | Quarterly | PIE | BKLN vs TNZ |
| MZY | NZ Mid Cap (MZY) Smartshares · NZX | 0.75% | — | Quarterly | PIE | BKLN vs MZY |
| KSC | Kernel NZ 20 (KSC) Kernel · NZX | 0.25% | — | Quarterly | PIE | BKLN vs KSC |
Distribution history
Last 12 distributions — BKLN
BKLN typically distributes every month. Per-payment history (amount + ex-date + payment date for the last 12 distributions) is published authoritatively on the issuer's own fact sheet and corporate-actions page. We do not yet aggregate per-payment history into the canonical dataset on this site — that work is gated on the live-data-feed roadmap item (#42 in our roadmap).
Next typical distribution month: June. The exact ex-date and payment date are set by Invesco — verify on the issuer source below before relying on a specific date.
Authoritative sources for distribution history
- Invesco BKLN product page — corporate actions + distribution announcements
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about BKLN
What is the BKLN ETF? ⌄
BKLN is the Invesco Senior Loan ETF — it tracks the Morningstar LSTA US Leveraged Loan 100 Index, holding senior secured floating-rate loans to US companies. TER is 0.65%, distributions paid monthly. Senior loans rank above traditional bonds in the capital structure.
Why does BKLN pay such a high yield? ⌄
Senior loans pay floating-rate coupons (typically SOFR + a spread of 200-400 bps), so they reset higher when short-term rates rise. They are also lower in credit quality than investment-grade bonds (most are rated BB or B), and the higher yield compensates investors for that credit risk. Yields of ~7.5% are typical in mid-cycle rate environments.
Can NZ residents buy BKLN? ⌄
Yes. BKLN is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Once your overseas-share holdings exceed NZ$50,000 cost basis, FIF rules apply. File a W-8BEN to apply the 15% NZ–US treaty withholding rate.
What's the main risk in BKLN? ⌄
Senior loans are below-investment-grade credits — defaults rise sharply in recessions. Liquidity in the underlying loan market is also thinner than corporate bonds, which can widen bid-ask spreads in market stress. Suited to investors who can hold through credit cycles and want floating-rate income.
Where to buy BKLN from New Zealand
The platforms below all support BKLN. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch 
Sharesies 
Interactive Brokers 
Stake 
Tiger Brokers Fees + platform details verified against each provider's published rate card. Always check the current schedule before transacting. Full platform comparison →
Sources for this BKLN data
Every TER, yield, and holdings figure on this page traces to one of the documents below. We do not pull live prices; the data is reviewed monthly against issuer fact sheets and exchange listings (last reviewed 2026-05-04).
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Related ETFs and resources
SCHZ — Schwab Intermediate Treasury ETF
US government-credit-quality alternative; lower yield, lower credit risk.
JEPI — JPMorgan Equity Premium Income
Equity-income alternative for high-yield seekers.
JEPQ — JPMorgan Nasdaq Equity Premium
Nasdaq-tilted covered-call income strategy.
FIF tax explained
When FIF applies (NZ$50K threshold) and how to file.
Compare NZ platforms
Hatch, Sharesies, Stake, Interactive Brokers — fee comparison.
