Invesco BulletShares 2028 High Yield Corporate Bond ETF

Frequently Asked Questions About BSJS

What does BSJS invest in?

The Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is designed to mirror the performance of its underlying benchmark, the Invesco BulletShares High Yield Corporate Bond 2028 Index. The fund allocates a substantial portion of its assets, at least 80%, to corporate bonds included in this index. This index is constructed to track the returns of a portfolio consisting of high-yield corporate debt, issued in US dollars, all of which are scheduled to mature in 2028. Rather than purchasing every security in the index, the fund utilizes a "sampling" approach to achieve its investment goals. Both the fund's holdings and the index itself are rebalanced on a monthly basis. A key characteristic of this fund is its defined lifespan; it is structured to terminate on or about December 15, 2028, aligning with its 2028 maturity year. For comprehensive details, please consult the prospectus. Furthermore, investors should be aware that effective January 1, 2024, the benchmark index's name changed from the Nasdaq BulletShares USD High Yield Corporate Bond 2028 Index to its current title, the Invesco BulletShares High Yield Corporate Bond 2028 Index. Additional information can be found in the prospectus.

What is the expense ratio of BSJS?

Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) charges an expense ratio of 0.42%. This is the annual fee deducted from fund assets to cover management and operations.

What is BSJS's dividend yield?

BSJS's trailing-twelve-month yield is 6.10%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BSJS?

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

What is the credit quality of BSJS?

BSJS'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 BSJS?

Yield to maturity (YTM) is the total return you'd earn from BSJS if every bond in the portfolio is held to maturity at the current price. BSJS'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.