US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
InvescoBKLNInvesco 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. Distributions are paid monthly.
Next typical distribution: October.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 |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | 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) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive 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 BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB 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.
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 | 0.50% | 3.2% | Semi-annual | PIE | BKLN vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · Unlisted | 0.25% | — | Quarterly | PIE | BKLN vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | 1.9% | Semi-annual | PIE | BKLN vs TNZ |
| VTI | VTI Vanguard · NYSE Arca | 0.03% | 1.0% | Quarterly | FIF | BKLN vs VTI |
| QQQ | QQQ Invesco · NASDAQ | 0.18% | — | Quarterly | FIF | BKLN vs QQQ |
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 have not yet verified a per-payment history for this fund against the issuer's records, so we point at the authoritative sources below rather than estimating.
Next typical distribution month: October. 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
- Invesco BKLN fact sheet PDF — historical distribution table
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 ~— 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 BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
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Sources for this BKLN data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-07-05). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ○Total expense ratioNot independently verified — check the issuer documents below before relying on it. We review unsourced figures by 2027-03-04; if no issuer publishes one by then, this figure is removed rather than left standing.
Issuer product page
invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=BKLN
Fact sheet (PDF)
invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=BKLN
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
BKLN against the alternatives
1 side-by-side comparison covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| BKLN vs HYG | HYG | 0.49% |
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.
