BSJS | Invesco BulletShares 2028 High Yield Corporate Bond ETF

BSJS ISSUER

The BSJS ETF, serving as the issuer of the BSJS, primarily invests in securities that constitute the Underlying Index, with at least 80% of its assets allocated accordingly. Managed by Invesco Indexing LLC, an affiliate of both Invesco Capital Management LLC and Invesco Distributors, Inc., the Index Provider oversees the compilation and maintenance of the Underlying Index. This index focuses on U.S. dollar-denominated high yield corporate bonds, commonly known as junk bonds, with maturities or effective maturities in the year 2028. Bonds eligible for inclusion must meet specific criteria regarding credit ratings, interest payments, and outstanding face value. The Underlying Index, comprised of 270 constituents as of October 31, 2023, adopts a market value-weighted approach with a 5% limit on individual issuers during monthly rebalancing. The fund will terminate around December 15, 2028, with its assets distributed to shareholders. During its maturing year, the portfolio will transition to cash equivalents, adhering to its investment objective without predetermined cash distributions. Utilizing a sampling methodology, the Fund maintains a diversified approach and adheres to a concentration policy, ensuring investments align with the composition of the Underlying Index without undue industry concentration.

BSJS DIVIDEND

The BSJS Dividend, as part of the INVESCO ETF family, offers investors an opportunity to benefit from dividend income generated by its underlying assets. Managed by Invesco Indexing LLC, the BSJS Dividend focuses on securities included in the Underlying Index, with at least 80% of its assets invested accordingly. The Index Provider, affiliated with Invesco Capital Management LLC and Invesco Distributors, Inc., oversees the compilation and maintenance of the Underlying Index, which primarily comprises U.S. dollar-denominated high yield corporate bonds, commonly referred to as junk bonds, with maturities or effective maturities in the year 2028. Bonds eligible for inclusion must meet specific criteria regarding credit ratings, interest payments, and outstanding face value. As the fund aims to provide dividend income, it may concentrate investments in securities that offer dividend-paying potential, aligning with the income objectives of dividend-seeking investors. Through a market value-weighted approach and prudent portfolio management, the BSJS Dividend seeks to deliver consistent income streams to its shareholders while maintaining diversification and adhering to its investment mandate.

BSJS TRACKING

The BSJS Tracking, part of the INVESCO ETF suite, is designed to closely track the performance of its underlying index, offering investors a reliable vehicle to mirror the benchmark's movements. Managed by Invesco Indexing LLC, with oversight from Invesco Capital Management LLC and Invesco Distributors, Inc., the fund primarily invests at least 80% of its assets in securities comprising the Underlying Index. This index, compiled and maintained by the Index Provider, focuses on U.S. dollar-denominated high yield corporate bonds with maturities or effective maturities in the year 2028. To ensure accurate tracking, the fund employs sophisticated tracking methodologies and rebalancing techniques. By mirroring the index composition and performance, BSJS Tracking aims to provide investors with a cost-effective and efficient means to gain exposure to the high-yield corporate bond market while minimizing tracking error and maintaining alignment with the index's investment objectives. Through diligent portfolio management and adherence to tracking methodologies, BSJS Tracking seeks to deliver returns that closely mirror those of its benchmark, offering investors a transparent and consistent investment experience.

BSJS CORRELATION

The BSJS Correlation, an integral component of the INVESCO ETF lineup, aims to offer investors exposure to a diversified portfolio of U.S. dollar-denominated high yield corporate bonds while focusing on minimizing correlation with traditional asset classes. Managed by Invesco Indexing LLC, with oversight from Invesco Capital Management LLC and Invesco Distributors, Inc., the fund invests at least 80% of its assets in securities comprising the Underlying Index, which is compiled and maintained by the Index Provider. The Underlying Index primarily consists of high yield corporate bonds with maturities or effective maturities in the year 2028. The BSJS Correlation seeks to achieve a low correlation with traditional asset classes such as equities and government bonds, offering investors a tool for portfolio diversification and risk management. By emphasizing securities with unique risk-return characteristics, the fund aims to provide investors with returns that are less reliant on broader market trends, thereby potentially enhancing portfolio stability during market fluctuations. Through prudent portfolio construction and active risk management strategies, BSJS Correlation endeavors to offer investors a means of diversifying their investment portfolios while potentially reducing overall portfolio volatility.

BSJS SECTOR

The BSJS Sector, forming part of the INVESCO ETF family, provides investors with exposure to specific sectors within the U.S. dollar-denominated high yield corporate bond market. Managed by Invesco Indexing LLC, under the oversight of Invesco Capital Management LLC and Invesco Distributors, Inc., the fund allocates at least 80% of its assets to securities comprising the Underlying Index, which is meticulously compiled and maintained by the Index Provider. This index primarily focuses on high yield corporate bonds with maturities or effective maturities in the year 2028. The BSJS Sector allows investors to tailor their investment exposure to specific sectors within the high yield bond market, such as technology, healthcare, or energy, providing an opportunity to capitalize on sector-specific trends and opportunities while maintaining diversification benefits. Through targeted sector allocations and prudent portfolio management, the fund aims to offer investors a means of accessing potential sector outperformance within the high yield corporate bond universe, thereby enhancing portfolio diversification and potential returns.

BSJS EXPOSURE

The BSJS Exposure, part of the INVESCO ETF family, provides investors with targeted exposure to the U.S. dollar-denominated high yield corporate bond market. Managed by Invesco Indexing LLC, under the oversight of Invesco Capital Management LLC and Invesco Distributors, Inc., the fund strategically allocates at least 80% of its assets to securities comprising the Underlying Index, which is diligently compiled and maintained by the Index Provider. This index focuses on high yield corporate bonds with maturities or effective maturities in the year 2028. BSJS Exposure aims to offer investors an efficient way to access a diverse range of high yield corporate bonds, thereby potentially capturing the income and return potential associated with this asset class. Through its targeted exposure and prudent portfolio management, the fund seeks to provide investors with a means of enhancing portfolio diversification and potentially generating attractive risk-adjusted returns within the high yield bond market.