Invesco BulletShares 2034 Corporate Bond ETF

Frequently Asked Questions About BSCY

What does BSCY invest in?

The Invesco BulletShares 2034 Corporate Bond ETF (the Fund) aims to mirror the performance of the BulletShares USD Corporate Bond 2034 Index. At least 80% of the Fund's total assets are dedicated to corporate bonds that constitute this underlying Index. The Index itself is designed to track a portfolio composed of U.S. dollar-denominated, investment-grade corporate bonds that have effective maturities in 2034. Rather than purchasing every security within the Index, the Fund employs a "sampling" method to achieve its investment objective. Both the Fund and its corresponding Index undergo monthly rebalancing. With a defined maturity year of 2034, the Fund is scheduled to terminate around December 15, 2034. For more comprehensive information, consult the prospectus.

What is the expense ratio of BSCY?

Invesco BulletShares 2034 Corporate Bond ETF (BSCY) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is BSCY's distribution yield?

BSCY's trailing-twelve-month yield is 4.95%, calculated from the sum of distributions over the past year divided by the current price.

How does BSCY's covered-call strategy work?

BSCY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of BSCY?

Effective duration measures BSCY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BSCY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BSCY?

BSCY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.