BSJMInvesco BulletShares 2022 High Yield Corporate Bond ETF
BSJM Fund Description
BSJM tracks a market-weighted index of high-yield corporate bonds maturing in 2022.
BSJM Factset Analytics Insight
As part of Invesco's BulletShares suite, BSJM behaves more like a bond than a typical bond fund. The fund provides bullet maturity—Dec. 31, 2022—instead of perpetual exposure to a maturity pocket of the US high-yield market. As the fund ages, its average maturity, duration, and YTM will continue to decline. On its target date, BSJM will unwind and return all capital to investors. This structure permits BSJM to be used as a building block for a bond ladder. BSJM holds a broad and roughly market-like basket of high-yield debt. Designed to be held to maturity, trading costs are a secondary consideration here but they do manage to be reasonable. The fund trades with decent volume and modest spreads, although institutional investors will find block trades a challenge. BSJM charges a middling fee for its exposure, but lags its index by considerably more and the fund struggles in tracking overall, potentially raising holding costs.
BSJM MSCI ESG Analytics Insight
Invesco BulletShares 2022 High Yield Corporate Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.11 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 2022 High Yield Corporate Bond ETF ranks in the 6th percentile within its peer group and in the 4th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
BSJM Summary Data
BSJM Portfolio Data
BSJM Index Data
BSJM Portfolio Management
BSJM Tax Exposures
BSJM Fund Structure
BSJM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BSJM. BSJM is rated a N/A out of 5.
BSJM Sector/Industry Breakdown
BSJM Top 10 Holdings[View All]
BSJM Top 5 Countries
BSJM Top 5 Currencies