At a glance
BSJU charges 0.42% a year, below the 0.44% average of the 7 funds most like it (the 4th cheapest of 8). It has $320.8M in assets, the 8th largest of that group; it paid 6.96% of its price in distributions over the past 12 months, monthly. Over the past year it returned +2.2% with distributions reinvested, 5th of those 8 funds; over three years it returned +9.4% a year. Its ten largest positions make up 14.9% of the fund, out of 219 in all.
The short version
Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU) holds junk bonds, meaning debt from companies rated below investment grade, that mature in 2030. The fund plans to close and return its cash around December 15, 2030, so it behaves somewhat like one bond with an end date. Its trailing 12-month yield was 6.96% as of October 27, 2026, paid monthly, and its 0.42% expense ratio is close to the 0.44% average of similar funds.
Price history
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BSJU +2.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BSJU official prospectus, to Dec 31, 2024 | — | +7.92% | — | — | — | +8.33% |
| BSJU price data to Oct 27, 2026 | +1.3% | +2.2% | +9.4% | — | — | +6.7% |
- Over the year to Oct 27, 2026, BSJU returned +2.2%, 5th of 8 among similar funds.
- Its worst full calendar year was 2024 (+8.2%); its best was 2023 (+13.0%).
- The deepest fall in its price history was 7.5% (Sep 12, 2022 to Sep 27, 2022), recovered by Dec 13, 2022.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +1.3% | — |
| 2025 | +8.6% | — |
| 2024 | +8.2% | +7.92% |
| 2023 | +13.0% | +13.72% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.4600 | |
| 2025 | $1.7100 | -6.0% |
| 2024 | $1.8200 | +5.2% |
| 2023 | $1.7300 |
What's inside
As of Aug 31, 2026, the fund held 219 securities; the ten largest made up 14.89% of assets, and 3.44% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| HUB International Ltd. Bonds and notes | 1.88% | |
| WULF Compute LLC Bonds and notes | 1.86% | |
| EMRLD Borrower L.P./ Emerald Co-Issuer Inc. Bonds and notes | 1.60% | |
| 1011778 BC ULC / New Red Finance Inc. Bonds and notes | 1.53% | |
| Mauser Packaging Solutions Holding Co. Bonds and notes | 1.50% | |
| DaVita Inc. Bonds and notes | 1.48% | |
| APLD ComputeCo LLC Bonds and notes | 1.42% | |
| athenahealth Group Inc. Bonds and notes | 1.31% | |
| Tenet Healthcare Corp. Bonds and notes | 1.15% | |
| VoltaGrid LLC Bonds and notes | 1.15% | |
| Caesars Entertainment, Inc. Bonds and notes | 1.13% | |
| CoreWeave, Inc. Bonds and notes | 1.07% | |
| Venture Global Plaquemines LNG, LLC Bonds and notes | 1.02% | |
| Cipher Compute LLC Bonds and notes | 1.00% | |
| Herc Holdings Inc. Bonds and notes | 0.94% |
By country
United States 86.31%Canada 3.79%Luxembourg 2.3%United Kingdom 1.26%Ireland 1.09%By issuer
Companies 98.08%The bonds mature in 3.8 years on average (weighted by size), with an average coupon of 7.11%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $48.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.46%, -0.21%, +0.98%.
How it works
BSJU tracks the Invesco BulletShares USD High Yield Corporate Bond 2030 Index. Invesco Indexing LLC builds the index, and it is an affiliate of the fund's adviser. The index starts with US dollar bonds from companies based in the US, Canada, Western Europe or Japan. To qualify, a bond must pay fixed, taxable interest. It must be rated BB+ or Ba1 or lower, which is junk territory, with an average rating no worse than CCC-. It also needs at least $200 million outstanding. Its "effective maturity" must fall in 2030. Some bonds are callable, meaning the issuer can repay them early. For those, the effective maturity may be the likely call year rather than the stated maturity date.
Bonds are weighted by market value, and each issuer is capped at 5% at the monthly rebalance. The fund puts at least 80% of its assets in index bonds. It uses sampling, so it doesn't own every bond in the index. It generally holds bonds until they mature, are called or drop out of the index.
In 2030 the index adds no new bonds and stops rebalancing. As bonds mature, the fund shifts into cash and Treasury bills. It then closes on or about December 15, 2030, and pays out its net assets in cash. That payout isn't set in advance. The fund is not a target-date fund.
What it really costs
- BSJU charges 0.42% a year, versus an average of 0.44% 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).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BSJU | $43 | $135 | $235 | $530 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
BSJU pays junk-bond income every month and ends on a known date in 2030, but its credit risk makes it a poor fit as a core holding.
BSJU's main draw is monthly income. Its trailing 12-month yield was 6.96% as of October 27, 2026. Its 2030 end date may help match a known spending need that year. In the SEC's standard $10,000 example, costs come to $43 after one year and $235 after five.
Its record under stress is short. The fund launched on September 8, 2022, so it missed the 2008 and 2020 crashes and most of the 2022 bear market. Its deepest drop, 7.5%, ran from September 12 to 27, 2022. It recovered by December 13, about 2.5 months later. Its weakest calendar year, 2024, still gained 7.92%. Junk bonds can fall much further in recessions, and selling in a bad year could lock in losses. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want monthly junk-bond income. The trailing yield was 6.96% as of October 27, 2026.
- People with a spending need around 2030. The fund winds down and returns cash on or about December 15, 2030.
- Investors building a bond ladder, who may pair BSJU with its 2029 sibling, BSJT. Both charge 0.42%.
Look elsewhere if
- Cost-focused investors: the broad Xtrackers USD High Yield Corporate Bond ETF (HYLB) charges 0.05%, compared with BSJU's 0.42%, though it has no end date.
- Anyone uneasy with credit risk. Every holding is rated BB+ or lower, and the fund hasn't been through a recession since launching in 2022.
- Investors who want a fixed payout at maturity. Unlike a single bond, BSJU doesn't promise a set amount of cash in 2030.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BSJU this fund | 3.8 yrs | 0.42% | $320.8M | +2.2% | +9.4% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond In… | 4.2 yrs | 0.57% | $1.69B | +1.2% | +8.5% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 4.6 yrs | 0.05% | $3.56B | +1.6% | +8.7% |
| BSJT Invesco BulletShares 2029 High Yield Corpor… | 3 yrs | 0.42% | $596.0M | +2.5% | +9.1% |
| SHYG iShares 0-5 Year High Yield Corporate Bond … | 3.1 yrs | 0.3% | $7.60B | +2.4% | +8.0% |
| SJNK SPDR Bloomberg Short Term High Yield Bond E… | 3.1 yrs | 0.4% | $4.88B | +1.5% | +7.8% |
| BKLN Invesco Senior Loan ETF | 4.8 yrs | 0.65% | $6.74B | +3.9% | +6.9% |
| SRLN SPDR Blackstone Senior Loan ETF | 5.2 yrs | 0.7% | $5.21B | +3.7% | +7.0% |
Questions investors ask
What happens to BSJU in 2030?
In 2030, BSJU stops adding bonds and its index stops rebalancing. As its bonds mature, the fund moves into cash and cash equivalents such as US Treasury bills. It is set to close on or about December 15, 2030, and pay out its net assets in cash, though the board can change that date. The final amount isn't set in advance. It depends on defaults, early repayments and prices along the way.
Does BSJU pay monthly dividends?
Yes. BSJU pays income every month. In the 12 months to October 27, 2026, it paid $1.74 per share, a trailing yield of 6.96%. The amount changes from month to month. The prospectus notes that, unlike a single bond with a fixed coupon, the fund's payouts vary over time. They may shrink as bonds are called or mature and the fund moves into lower-yielding cash near the end.
What does BSJU hold?
BSJU holds high yield, or "junk," corporate bonds that mature or are expected to be repaid in 2030. As of August 31, 2026, it had 222 positions, and the top 10 made up 14.89% of assets. The largest were HUB International (1.88%), WULF Compute (1.86%) and EMRLD Borrower (1.60%). About 86% was in US issuers and 3.8% in Canadian ones. The average coupon was 7.11%.
What's the difference between BSJU and HYS?
The main difference is the end date. BSJU holds junk bonds maturing in 2030 and plans to close around December 15, 2030. PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) holds bonds maturing within five years, a window that rolls forward over time. HYS charges 0.57%, compared with BSJU's 0.42%. As of October 27, 2026, BSJU returned 9.4% a year over three years, versus 8.5% for HYS. HYS is far larger, at about $1.7 billion.
Is BSJU good for retirement income?
BSJU may suit retirees who want monthly junk-bond income with a known end date, but it carries real risk. Its trailing yield was 6.96% as of October 27, 2026, and its expense ratio is 0.42%. Its holdings are rated BB+ or lower, so defaults could cut both the income and the 2030 payout. It launched in September 2022 and hasn't been through a recession. Its deepest drop so far was 7.5%.