Investment Thesis
Roughly ten years ago, Guggenheim introduced its ‘BulletShares’ ETF suite that offers investors bond portfolios that provide actual maturity dates. Invesco purchased this portfolio of ETFs (along with the rest of Guggenheim’s ETF suite) one year ago, and these funds are now managed and marketed within Invesco’s investment management division. This thesis focuses on the Invesco BulletShares 2020 High Yield Corporate Bond ETF (ticker: BSJK), a portfolio consisting of non-investment grade bonds that mature sometime throughout 2020. The enticing characteristics of BSJK’s fixed income portfolio includes low duration, low credit risk, yet