Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)
Invesco BulletShares 2029 High Yield 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 $21.18, up 0.11% on the session, giving a market capitalisation of $542.3M. Its beta of 0.70 implies it has historically moved less than the broad market.
The Invesco BulletShares 2029 High Yield Corporate Bond ETF seeks to replicate the performance of the Invesco BulletShares High Yield Corporate Bond 2029 Index. This fund invests a minimum of 80% of its total assets in corporate bonds that are part of the index. The index itself tracks a basket of US dollar-denominated, high-yield corporate bonds, all of which share an effective maturity date in 2029. To achieve its investment goal, the fund utilizes a "sampling" approach rather than acquiring every security within the index. Both the fund and its benchmark index undergo monthly rebalancing. This ETF has a predetermined maturity year of 2029 and is scheduled to terminate around December 15th of that year. It's noteworthy that on January 1, 2024, the underlying index's name transitioned from the Nasdaq BulletShares USD High Yield Corporate Bond 2029 Index to its current Invesco BulletShares designation. Comprehensive details are provided in the prospectus.
Invesco BulletShares 2029 High Yield Corporate Bond ETF is most often compared with the following Financial Services names: