Invesco BulletShares 2029 High Yield Corporate Bond ETF

Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) holds U.S.-dollar junk bonds that mature, or are expected to be repaid early, in 2029. The fund is scheduled to close on or about December 15, 2029, and pay its remaining assets to shareholders in cash. That end date sets it apart from rolling short-term high-yield funds such as SHYG. Its 0.42% expense ratio is higher than SHYG's 0.30%.

• Over the year to Oct 27, 2026, BSJT returned +2.5%, 4th of 8 among similar funds.
• Its 5-year annualized return was +2.9%.
• Its worst full calendar year was 2022 (-14.8%); its best was 2023 (+13.6%).
• The deepest fall in its price history was 19.4% (Sep 16, 2021 to Sep 27, 2022), recovered by Jul 5, 2024.

As of Aug 31, 2026, the fund held 312 securities; the ten largest made up 14.14% of assets, and 3.84% sat in cash and money-market holdings.

The bonds mature in 3 years on average (weighted by size), with an average coupon of 6.51%.

• Over the three months to Aug 31, 2026, investors added a net $69.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.09%, +0.16%, +1.00%.

BSJT tracks the Invesco BulletShares USD High Yield Corporate Bond 2029 Index. Invesco Indexing LLC, an affiliate of the fund's adviser, builds and maintains the index. It starts with U.S.-dollar bonds from companies based in the U.S., Canada, Western Europe or Japan. A bond qualifies if it pays fixed, taxable interest and is rated below investment grade (no higher than BB+ or Ba1), with an average rating no lower than CCC-. It also needs at least $200 million outstanding and must mature in 2029. Some bonds let the issuer repay early ("call" them). These count by their "effective maturity," meaning the year they are likely to be called.

Bonds are weighted by market value, and no single issuer can exceed 5% at each monthly rebalance. The fund uses "sampling," so it holds a representative subset of the index rather than every bond. The index had 372 bonds as of October 31, 2025, and the fund held 312 as of August 31, 2026. Bonds are generally held until they mature, are called or drop out of the index. Portfolio turnover was 15%.

In 2029 the index adds no new bonds and stops rebalancing. As bonds mature, the fund moves into cash and short-term holdings such as Treasury bills. It then closes and pays out its net assets in cash, although its board can change the date. It does not aim to return any set amount, and its monthly payouts vary. It is not a target date fund.

• BSJT charges 0.42% a year, versus an average of 0.4% for the similar funds below (4th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $43 in the first year and $530 over 10 years (assuming a 5% annual return).

BSJT pays monthly income from high-yield corporate bonds and has a fixed end date in 2029, but its credit risk makes it an income source rather than a safe haven.

BSJT could add monthly income with a known end date. Its trailing 12-month yield was 6.61% as of October 27, 2026. Its 0.42% expense ratio works out to $43 in the first year on $10,000 under the SEC's standard example. The trade-off is credit risk. The fund launched in September 2021, so it has no record from 2008 or 2020. In 2022 it lost 15%, according to its prospectus. Its deepest drop was 19.4%, from September 2021 to September 2022, and it did not recover until July 2024, about 21 months later. Anyone who had to draw on it during 2022 would have cashed out at a loss. When the fund closes in 2029, that money will need a new home. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).