BSJLInvesco BulletShares 2021 High Yield Corporate Bond ETF
BSJL Fund Description
BSJL tracks a market-weighted index of high-yield corporate bonds with effective maturities in 2021.
BSJL Factset Analytics Insight
As part of Invesco's high-yield BulletShares suite, BSJL behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case Dec. 31, 2021—instead of perpetual exposure to a maturity pocket of the US high-yield market. As the fund matures, its maturity, duration and YTM will continue to decline. On its target date, BSJL will unwind and return all capital to investors. This structure permits BSJL to be used as a building block for a bond ladder. The fund's allocations by sector, credit, and geography all roughly align with our high-yield benchmark. A buy-and-hold ETF more than a trading vehicle, BSJL has only adequate liquidity, with decent daily volume and manageable spreads. For larger investors, creation/redemption can move the prices adversely due to poor underlying liquidity in the high-yield bond space. BSJL charges a reasonable fee, but tracking has been loose raising holding costs significantly.
BSJL MSCI ESG Analytics Insight
Invesco BulletShares 2021 High Yield Corporate Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.39 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco BulletShares 2021 High Yield Corporate Bond ETF ranks in the 8th percentile within its peer group and in the 11st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
BSJL Summary Data
BSJL Portfolio Data
BSJL Index Data
BSJL Portfolio Management
BSJL Tax Exposures
BSJL Fund Structure
BSJL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BSJL. BSJL is rated a N/A out of 5.
BSJL Sector/Industry Breakdown
BSJL Top 10 Holdings[View All]
BSJL Top 5 Countries
BSJL Top 5 Currencies