Invesco BulletShares 2027 High Yield Corporate Bond ETF

Frequently Asked Questions About BSJR

What does BSJR invest in?

The Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is an investment vehicle structured to replicate the performance of the Invesco BulletShares High Yield Corporate Bond 2027 Index. To achieve this, the Fund commits a minimum of 80% of its total assets to the corporate bonds that constitute this benchmark. The underlying index is specifically designed to reflect the returns of a portfolio comprising U.S. dollar-denominated, high-yield corporate debt instruments, all of which are scheduled to mature in 2027. Rather than acquiring every security within the index, the Fund employs a "sampling" methodology to fulfill its investment mandate. Both the Fund and its corresponding index undergo monthly rebalancing. This ETF possesses a predetermined maturity year of 2027, with its operations slated to conclude on or about December 15th of that year. It's important to note that as of January 1, 2024, the underlying index's name transitioned from the "Nasdaq BulletShares USD High Yield Corporate Bond 2027 Index" to its current title. For comprehensive information, please consult the fund's prospectus.

What is the expense ratio of BSJR?

Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) charges an expense ratio of 0.42%. This is the annual fee deducted from fund assets to cover management and operations.

What is BSJR's dividend yield?

BSJR's trailing-twelve-month yield is 5.60%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BSJR?

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

What is the credit quality of BSJR?

BSJR'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.

What is the yield to maturity of BSJR?

Yield to maturity (YTM) is the total return you'd earn from BSJR if every bond in the portfolio is held to maturity at the current price. BSJR's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.