BSJS: INVESCO BULLETSHARES 2028 HIGH YIELD CORPORATE BOND ETF
Understanding the Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)
What this ETF is trying to do
The Invesco BulletShares 2028 High Yield Corporate Bond ETF (ticker: BSJS) is an exchange-traded fund. It focuses on high-yield corporate bonds. These are essentially loans made to companies that pay interest.
What the numbers show
When looking at an ETF, it is important to know the difference between price return and total return.
• Price Return only tracks how the share price changes.
• Total Return includes both the change in share price and any cash distributions (dividends) paid out.
For BSJS, the numbers show different results depending on which you look at:
• Year-to-Date (YTD): The price return is approximately -2.45%, but the total return is positive at about 2.00%.
• One Year: The price return was approximately -2.79%, while the total return was about 3.25%.
• Three Year: The price return was approximately 5.56%, while the total return was much higher at about 28.72%.
To give you an idea of the price movement, the current price is $21.46. The estimated price from roughly one year ago was approximately $22.08.
Income and distribution explanation
This ETF is designed to provide regular cash payments. The distribution yield is approximately 6.14%. This number describes the cash distributions relative to the ETF's price.
The fund usually pays out money monthly, with 12 payments recorded over the last year. It is important to remember that a high distribution yield does not mean an investor earned that same percentage as their total return. Total return is the more complete picture of how much value was actually gained or lost.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases over time. It is important not to confuse a falling share price with NAV erosion. A falling market price is simply a "share-price decline."
In the case of BSJS, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Higher Total Returns: Over the last three years, the total return (28.72%) has been significantly higher than the price return (5.56%), showing the impact of distributions.
• Income Rating: The fund has an income rating grade of "A."
Cons
• Price Fluctuations: The share price has seen declines in both the year-to-date and one-year periods.
• Partial Data: The list of top holdings provided is only a partial list, meaning there are many other bonds in the fund not shown here.
Beginner takeaway
When looking at an ETF like BSJS, don't just look at the share price. Because this fund pays regular distributions, the total return is often a better way to see how the investment has performed overall. Always remember that high yields provide cash income, but they do not guarantee that the share price will stay the same.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | n/a | n/a | 2.32% |
| 2 | DISH DBS CORPORATION 5.75% | n/a | 2.07% |
| 3 | ORGANON & CO 4.125% | n/a | 1.97% |
| 4 | SIRIUS XM RADIO LLC 4% | n/a | 1.83% |
| 5 | TENNECO LLC 8% | n/a | 1.79% |
| 6 | n/a | n/a | 1.57% |
| 7 | AVANTOR FUNDING INC 4.625% | n/a | 1.43% |
| 8 | TENET HEALTHCARE CORPORATION 6.125% | n/a | 1.36% |
| 9 | UNITI SERVICES LLC 7.5% | n/a | 1.35% |
| 10 | BAUSCH PLUS LOMB CORP. 8.375% | n/a | 1.27% |