Invesco BulletShares 2029 Corporate Bond ETF (BSCT)
Invesco BulletShares 2029 Corporate Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $18.55, up 0.08% on the session, giving a market capitalisation of $2.87B. Its beta of 0.74 implies it has historically moved less than the broad market.
The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) aims to replicate the performance of the Invesco BulletShares Corporate Bond 2029 Index. This fund allocates a minimum of 80% of its total assets to corporate bonds found within its underlying index. The index itself focuses on a portfolio of US dollar-denominated, investment-grade corporate bonds that are scheduled to mature in 2029. Rather than purchasing every security in the index, the ETF utilizes a sampling methodology to pursue its investment objective. Both the fund and its benchmark index are rebalanced on a monthly basis. BSCT has a predetermined maturity in 2029, with its operations set to conclude around December 15th of that year. For more detailed information, please refer to the prospectus. It should also be noted that effective January 1, 2024, the underlying index's name was updated from the Nasdaq BulletShares USD Corporate Bond 2029 Index to its current designation, the Invesco BulletShares Corporate Bond 2029 Index.
Invesco BulletShares 2029 Corporate Bond ETF is most often compared with the following Financial Services names: