Two more rungs to the BulletShares family of investment-grade corporate debt go live this week.
Guggenheim Investments, the investment firm behind the increasingly successful “BulletShares” families of target-date-maturity corporate debt, on Wednesday will add two funds to the investment-grade suite, bringing to 10 the number of ETFs investors can make use of along the corporate-bond yield curve.
The two new funds, maturing at the end of 2021 and 2022, respectively, are as follows:
- Guggenheim BulletShares 2021 Corporate Bond ETF (NYSEArca: BSCL)
- Guggenheim BulletShares 2022 Corporate Bond ETF (NYSEArca: BSCM)
Both new funds, like the others in the investment-grade suite, will cost investors 0.24 percent, or $24 for each $10,000 invested. Following the launches, the entire BulletShares investment-grade product suite will have 10 funds that span maturity dates from 2013 to 2002.
The funds—diversified portfolios of U.S. investment-grade corporate credits that behave like individual bonds—loom large as new and useful tools to help investors manage interest-rate risk as official rates rise, and have more than $1 billion in assets under management. Adding the six-fund family of high-yield BulletShares funds to the asset tally makes total assets under management climb to more than $2 billion.
iShares has also entered the target-date maturity-bond fund arena with two separate families of investment-grade debt—one that excludes debt from financial firms and one that canvasses the full complement of corporate credits, including financial firms.