Invesco BulletShares 2024 High Yield Corporate Bond ETF(NASDAQ:BSJO)

As another edition of Invesco's BulletShares suite, BSJO behaves more like a bond than a typical bond fund. The fund provides bullet maturityin this case, Dec. 31, 2024instead of perpetual exposure to a maturity pocket of the US high-yield market. As it matures, its maturity, duration and YTM will continue to decline. On its target date, BSJO will unwind and return all capital to investors. This structure permits the fund to be used as a building block for a bond ladder. It charges a reasonable fee and provides a means to access a diverse pool of US high-yield bonds while mimicking the life cycle of an individual bond.