Invesco BulletShares 2021 High Yield Corporate Bond ETF (BSJL) seeks to track the investment results, before fees and expenses, of the Nasdaq BulletShares USD High Yield Corporate Bond 2021 Index, which measures the performance of a portfolio of U.S. dollar-denominated high yield corporate bonds that mature in 2021; the fund employs a sampling approach to replicate the index characteristics, holding high yield corporate bonds issued by U.S. and non-U.S. companies across various sectors including energy, consumer discretionary, and telecommunications. Issued and managed by Invesco Ltd., an independent investment management firm founded in 1935 and headquartered in Atlanta, Georgia, the ETF provides targeted exposure to the ultra-short term segment of the high yield corporate bond market for investors seeking defined maturity strategies with potential monthly income distributions and liquidity via exchange trading. As a BulletShares product, BSJL operates within Invesco's suite of fixed-term ETFs designed to hold bonds until maturity or target year, after which the fund liquidates and distributes net assets to shareholders, behaving similarly to individual bonds in a laddered portfolio structure.
Geographically focused on U.S.-denominated securities with primarily domestic issuer exposure, the ETF targets institutional and retail investors interested in high yield fixed income for yield enhancement and maturity-defined risk management; its holdings emphasize below-investment-grade corporate debt with ultra-short durations leading up to the 2021 target maturity.
In a significant operational change, BSJL ceased operations and liquidated on December 17, 2021, with the last trading day on December 15, 2021, following the predefined BulletShares termination policy as its underlying bonds matured, resulting in a final cash distribution to remaining shareholders at net asset value. Invesco has since expanded the BulletShares lineup with recent launches including the Invesco BulletShares 2034 Corporate Bond ETF (BSCY) and Invesco BulletShares 2032 High Yield Corporate Bond ETF (BSJW) in June 2024 to replace maturing funds, alongside new active ETFs such as Invesco QQQ Hedged Advantage ETF (QQHG) in May 2025, reflecting ongoing innovation in its fixed income and ETF offerings. Parent company Invesco Ltd. reported record assets under management of $2.1 trillion in Q3 2025, bolstered by strong ETF growth and strategic moves like a private markets partnership with Barings.