Target Maturity Bond ETF Family Expands

Invesco adds two funds to its BulletShares ETF lineup.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Yesterday, Invesco added two more ETFs to its lineup of BulletShares target maturity fixed income ETFs. The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) and the Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) join 22 existing funds that fall under the BulletShares brand.

Both funds list on the NYSE Arca. BSCT comes with an expense ratio of 0.10% and BSJR charges 0.42%—the same expense ratios as the other corporate bond and high-yield bond ETFs in the family, respectively.

The BulletShares ETFs primarily invest in U.S. dollar-denominated fixed income securities that mature in their designated years.

The high-yield corporate bond family includes eight other ETFs maturing between 2019 and 2026, while the investment-grade corporate bond family includes 10 other ETFs maturing between 2019 and 2028. The family also includes four ETFs that cover U.S. dollar-denominated bonds maturing between 2021 and 2024.

In all, the BulletShares family has $11.6 billion in assets under management.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.