(BSJT) Invesco BulletShares 2029 - Ratings and Ratios

The Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) is an exchange-traded fund that tracks a portfolio of high-yield corporate bonds maturing in 2029. The fund invests at least 80% of its assets in securities comprising the underlying index, which measures the performance of U.S. dollar-denominated high-yield corporate bonds with maturities in 2029.

Given its investment strategy, BSJT is exposed to the high-yield corporate bond market, which is characterized by higher credit risk and potentially higher returns. The funds target maturity date in 2029 suggests that it is designed to provide a relatively stable source of returns until maturity, with a reduced risk of interest rate fluctuations as the bonds approach maturity.

To evaluate the funds performance, key performance indicators (KPIs) such as yield to maturity (YTM), credit quality, and duration can be considered. The YTM of the fund is likely to be higher than that of investment-grade corporate bonds, given its high-yield investment strategy. The credit quality of the funds holdings is likely to be below investment grade, with a higher proportion of bonds rated BB or lower. The duration of the fund is likely to be around 2-3 years, given its target maturity date in 2029.

In terms of risk management, investors should be aware of the funds exposure to credit risk, interest rate risk, and liquidity risk. The funds high-yield investment strategy increases its credit risk, while its target maturity date reduces its interest rate risk. The funds liquidity risk is relatively low, given its listing on a major exchange and its relatively large AUM of $276.90M.