Invesco Indexing

What Invesco Indexing does

Invesco Indexing LLC is a Texas-domiciled, wholly-owned subsidiary of global asset manager Invesco that operates as a B2B index provider specializing in outcome-based fixed income and multi-asset indexes. Its flagship franchise is the BulletShares family of maturity-targeted indexes, which includes both the BulletShares USD Corporate Bond Indexes (investment grade) and the BulletShares USD High Yield Corporate Bond Indexes. Each index tracks a diversified basket of US dollar-denominated bonds sharing a single annual maturity date, combining the precise maturity exposure of individual held-to-maturity bonds with portfolio-level diversification. Indexes are designed to terminate after their underlying bonds mature, structurally eliminating reinvestment risk that arises when new bonds enter traditional portfolios at prevailing interest rates.

The company's broader index range encompasses Equity Indexes, Multi-Asset Indexes, and Credit Spreads Indexes, alongside the BulletShares fixed income franchise. Indexes are built and governed under a documented methodology framework with EU Benchmark Regulation compliance and published ESG disclosures, supporting institutional adoption across the Americas, Developed Europe, and Developed Asia. The methodology publications are dated to March 2025 and the firm maintains an active new-product cadence, with index launches recorded as recently as January 2025.

Invesco Indexing generates revenue through an OEM/white-label licensing model, making its indexes available to ETF sponsors and other product manufacturers who create investable instruments tracking the benchmarks. The company does not issue, sponsor, or market investable products itself; rather, it monetizes proprietary index IP via licensing fees. Its primary customer segments are investment professionals and institutional investors seeking maturity-targeted fixed income exposure, bond laddering strategies, and cash flow matching solutions. The entity operates without disclosed headcount, revenue, or independent ownership, functioning entirely within Invesco's broader corporate structure.

Name

Invesco Indexing

Legal name

Invesco Indexing LLC

Website

https://invescoindexing.com

Company type

Private

Operating status

Operating

Short description

Invesco Indexing LLC is a wholly-owned Invesco subsidiary that provides proprietary outcome-based fixed income indexes, principally the BulletShares maturity-targeted corporate and high yield bond index families, licensed to ETF sponsors and institutional product manufacturers globally.

Ownership category

akta.pro rank

Product category

Financial Index Services

NAICS

Other Financial Investment Activities (5239), Miscellaneous Intermediation (52391)

SIC

Investment Advice (6282)

akta.pro primary industry

Index Providers (Equity, Fixed Income, Multi-Asset, Thematic) (FSAFAIAD)

akta.pro secondary industry

Fixed Income ETFs (Government, Corporate, Munis, TIPS) (FSAAAFAD)

Keywords

• Index provider
• Fixed income indexes
• BulletShares indexes
• Corporate bond indexes
• Maturity-targeted indexes

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

Invesco Indexing designs and maintains outcome-based financial indexes, with its flagship being the BulletShares family of maturity-targeted fixed income indexes for the US dollar-denominated investment grade and high yield corporate bond markets. Each index tracks a diversified basket of bonds sharing the same annual maturity year and is structured to terminate when those bonds mature, eliminating reinvestment risk. Indexes are licensed to ETF sponsors and product manufacturers who embed them in investable instruments.

Product overview

Invesco Indexing is an index provider offering outcome-based indexes across multiple asset classes. The core product offering consists of BulletShares® Indexes, which include the BulletShares USD Corporate Bond Indexes (investment grade) and BulletShares USD High Yield Corporate Bond Indexes (high yield). Each BulletShares index tracks bonds with the same annual maturity year, combining the precise maturity exposure of individual bonds with the diversification benefits of a broad basket of securities. The company also offers Equity Indexes, Multi-Asset Indexes, and Credit Spreads Indexes.

Differentiator

Problem solved

Functional benefit

Brands

• BulletShares: BulletShares indexes are designed to provide maturity-targeted exposure to the US dollar-denominated corporate bond market, combining benefits of individual bonds with diversification of a bond portfolio.

Products and services

• Invesco BulletShares USD Corporate Bond Indexes A series of fixed income indexes designed to provide maturity-targeted exposure to the US dollar-denominated investment grade corporate bond market; each index tracks bonds with the same annual maturity and is structured to terminate after those bonds mature. Licensed to ETF sponsors and product manufacturers for use as an underlying benchmark in investable products.
• Invesco BulletShares USD High Yield Corporate Bond Indexes Indexes designed to provide maturity-targeted exposure to the US dollar-denominated high yield corporate bond market; each index tracks a diversified basket of bonds with the same annual maturity and is structured to terminate after bonds mature, eliminating reinvestment risk. Licensed to ETF sponsors and product manufacturers.
• Equity Indexes Equity indexes providing exposure to various equity markets and sectors, available for licensing to product manufacturers.
• Multi-Asset Indexes Indexes providing exposure to multi-asset class combinations, available for licensing to product manufacturers.
• Credit Spreads Indexes Indexes tracking credit spread dynamics across fixed income markets, available for licensing to product manufacturers.

Quantifiable outcome

• BulletShares Indexes terminate after bonds mature, eliminating reinvestment risk that occurs when new bonds enter traditional portfolios at prevailing interest rates

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• MSCI: Global index powerhouse spanning equity, fixed income, ESG, and multi-asset benchmarks. Comparable to Invesco Indexing's full-scope platform and operates a similar B2B licensing model to ETF sponsors and asset managers.
• FTSE Russell: London Stock Exchange Group-owned index provider offering Russell equity indices and FTSE fixed income benchmarks. Operates as a broad incumbent across equity and fixed income with comparable licensing economics.
• S&P Dow Jones Indices: Operates the S&P 500 and a broad fixed income index suite including the S&P U.S. Investment Grade Corporate Bond Index. Larger, more diversified competitor with both equity and fixed income offerings comparable to Invesco Indexing's multi-asset platform.
• STOXX (Deutsche Börse): Deutsche Börse-owned index provider offering global equity and fixed income benchmarks. Comparable to Invesco Indexing's European multi-asset ambitions and EU BMR-compliant offerings.

Emerging players

• Solactive: German index provider specialising in customisable and thematic indices, with growing fixed income offerings. Comparable as an outcome-oriented, custom-index provider often chosen by ETF sponsors seeking alternatives to incumbent franchises.
• Morningstar Indexes: Morningstar's index business covers equities, fixed income, and multi-asset benchmarks, increasingly competing in outcome-oriented strategies. Comparable as a multi-asset index provider with growing ETF-sponsor licensing relationships.
• CRSP (Center for Research in Security Prices): U.S. equity index provider owned by the University of Chicago; supplies core US equity benchmarks for Vanguard ETFs. Comparable as a B2B index licensor operating a methodology-driven, niche franchise.

Direct peers

• Bloomberg Indices (formerly Barclays POINT): The legacy Barclays fixed income index franchise now owned by Bloomberg; provides maturity-targeted and broad fixed income benchmarks. Directly competes with the BulletShares maturity-ladder concept.
• ICE (Intercontinental Exchange) — ICE BofA Indices: ICE BofA US Corporate Index and broader fixed income index family underpin many of the largest fixed income ETFs. Closely comparable to BulletShares on fixed income benchmarking methodology and ETF sponsorship.
• Bloomberg Index Services: Operates the Bloomberg Barclays Indices franchise covering investment grade, high yield, and emerging market fixed income. Direct competitor to BulletShares in the fixed income indexing space, with much broader distribution across global ETF sponsors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invesco Indexing