Invesco launched two new ETF entries as a part of their BulletShares suite on Thursday, Sept. 12. The Invesco BulletShares 2027 High Yield Corporate Bond ETF(BSJR) and the Invesco BulletShares 2029 Corporate Bond ETF (BSCT) have now found their way to the NYSE.
Both funds seek to track the investment results of their respective indexes. BSJR is based on the Nasdaq BulletShares USD High Yield Corporate Bond 2017 Index. The fund will invest at least 80% of its total assets in corporate bonds comprising the index.
The fund does not purchase every security in the Index. Instead, BSJR utilizes a sampling practice to seek to achieve its investment objective.
With BSJR and the Index rebalancing monthly, the fund will mature in 2027, terminating on or about December 15, 2027.
Similarly, BSCT is based on the Nasdaq BulletShares USD Corporate Bond 2029 Index, and also invests at least 80% of its total assets in corporate bonds that comprise the index. It relies on the same sampling method as BSJR, rebalances monthly, and will mature in 2029.
For BSJR, there is a heavy reliance on the communication services and consumer discretionary sectors in an effort to achieve its goal. Its holdings include Sirius XM Radio (SIRI), Avis Budget Car Rental (CAR), and Wynn Las Vegas (WYNN).
BSCT has a majority hold in the financials sector, along with consumer staples, information technology, and health care being among the other key sectors. Wells Fargo (WFC), Mitsubishi (MSBHY), Sumitomo Mitsui (SSUMY), and Charles Schwab (SCHW) make up some of the key holdings here.
For more market trends, visit ETF Trends.