BSJP: Worst Scenario Likely Unfolding

BSJP, set to terminate in December 2025, holds 30% non-maturity-matched bonds (e.g., OneMain Finance Corp, maturing 2029), exposing investors to significant market and credit spread risks. BSJP has underperformed cash (e.g., BIL) this year despite its high-yield bonds, showing negative price changes due to its longer-duration holdings. A recession developing in 2025 will result in a negative impact on the ETF.

Seeking Alpha • Apr 16, 2025

BSJP: Deviating From What It Is Meant To Do

The fund was designed to be a diversified bullet portfolio with minimal volatility, as its underlying bonds were expected to mature in 2025. The fund has deviated from its original structure by introducing longer-dated bonds with maturities beyond 2025. The introduction of longer-dated bonds has increased the fund's market risk, exposing investors to potential losses in case of a recession.

Seeking Alpha • Oct 16, 2024

BSJP: A Term Bond For Those Who Want High Yield For 2 Years

Invesco BulletShares 2025 High Yield Corporate Bond ETF is a term corporate bond ETF that matures in December 2025. BSJP offers predictability, diversification, liquidity, lower costs, and interest rate management compared to traditional bonds and bond funds. The fund holds a diversified portfolio of high yield corporate bonds, with a focus on next year's maturities, making it attractive for investors with a shorter time horizon.

Seeking Alpha • Jan 12, 2024

Invesco's Jason Bloom: ‘Now Might Be a Good Time to Take on More Credit'

Earlier this year, many industry observers and investors were expecting an imminent slowdown with markets. But with rates coming back down and the risk outlook improving, the outlook on fixed income has improved.

ETF Trends • Dec 14, 2023

BSJP: Over 8% Yield With Limited Duration Risk

This ETF, just like its holdings, is set for redemption in 2025. It invests in USD denominated, high yield corporate bonds. We review this fund and provide our opinion on whether the 8%+ yield is worth it.

Seeking Alpha • Oct 10, 2023

Investors Look to BulletShares ETFs for Opportunities in Front of Yield Curve

Two BulletShares ETFs are seeing sizable flows as investors look for opportunities in the front end of the yield curve. Many investors staying within the short to intermediate part of the curve, opting for balanced fixed income exposure as opposed to making big bets.

ETF Trends • Jun 26, 2023

BSJP: Interesting Term Fund, 8.1% Yield

The Invesco BulletShares 2025 High Yield Corporate Bond ETF is a term fund with a termination date in December 2025, offering an 8.1% yield. The fund has a balanced build with even allocations in the 'BB' and 'B' buckets and is appropriate for investors with a shorter time horizon. BSJP has a good structural build, with its collateral pool matching the fund's termination date, thus eliminating market timing risk.

Seeking Alpha • Jun 6, 2023

ETF Flows, The Winners And Losers In Volatile Markets

Recent uncertainty, instigated by the issues seen across the financial sector, has led to a change in investment flows seen across exchange traded funds. A change in investment flows can be seen over the month of March as equity market volatility has increased.

Seeking Alpha • Mar 22, 2023