Today, Invesco announced the rollout of two additions to its lineup of target-maturity fixed-income ETFs. The BulletShares 2028 Corporate Bond ETF (BSCS) and the BulletShares 2026 High Yield Corporate Bond ETF (BSJQ) join a lineup of 18 funds, including 10 focused on investment-grade corporate bonds and eight focused on high-yield corporate bonds.
BSCS comes with an expense ratio of 0.10%, while BSJQ charges 0.42%. Both list on the NYSE Arca exchange.
The funds track indexes covering 20-400 securities that mature by the end of their targeted years. All bonds included in the funds must have an issuance size of at least $500 million, with individual issuers capped at a weight of 5% within the indexes, according to the prospectus.
Invesco has also filed to list a family of municipal bond ETFs under the BulletShares brand. BlackRock’s iShares iBonds target-maturity family, the sole competitor to the BulletShares, includes 21 municipal and investment-grade corporate bond ETFs.
Contact Heather Bell at [email protected]