What is the Invesco bulletshares ® 2028 high yield corporate bond ETF (fund)?

The Invesco BulletShares ® 2028 High Yield Corporate Bond ETF (Fund) is based on the Invesco BulletShares ® High Yield Corporate Bond 2028 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index.

What is a bulletshares ETF?

BulletShares ETFs provide a cost-effective and convenient way to build bond ladders and manage interest rate risk via fixed income ETFs with consecutively maturing years. BulletShares ETF provide targeted exposure to investment grade and high yield corporate bonds as well as municipal bonds.

Why are funds' yields lower in the final year?

During the final year of the funds’ operations, as the bonds mature and the portfolio transitions to cash and cash equivalents, the funds’ yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the funds and/or bonds in the market.