BSJT vs IBHI

BSJTBInvesco BulletShares 2029 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

In short

BSJT A junk-bond rung with a date on it. BSJT holds US high-yield corporate bonds whose effective maturities land in 2029, so you get a dated slice of credit instead of an open-ended bond fund.

IBHI Bond ladders are usually an investment-grade game. IBHI takes the iBonds defined-maturity wrapper down into high yield: a basket of dollar-denominated junk and other income bonds that all mature in 2029, then the fund winds down and pays out.

Stated mandate

BSJT The fund is designed to provide exposure to US dollar-denominated high-yield corporate bonds whose effective maturities fall in 2029.

IBHI The fund seeks to track an index of U.S.-dollar-denominated, high-yield and other income-generating corporate bonds maturing in 2029.

Why people hold it

• BSJT Targets one maturity year: US dollar high-yield corporate bonds with effective maturities in 2029, the building block for a laddered bond sleeve.
• Roughly 300 bonds spread the default risk that comes with any single junk-rated issuer.
• Pays monthly, and trades with enough activity to be workable for most retail-sized orders.
• Part of Invesco's BulletShares lineup, so the 2029 rung has an investment-grade sibling (BSCT) if you want the same shape with less credit risk.

• IBHI A maturity date on junk bonds: it tracks an index of U.S.-dollar high-yield and other income-generating corporates maturing in 2029, then terminates and distributes at term.ishares.com
• Roughly 400 bonds behind it, so one issuer stumbling is a dent rather than a hole in a corner of the market where stumbles are part of the deal.
• Sits on the same 2029 rung as investment-grade IBDU and Treasury IBTJ, so you can move credit risk up or down without touching the maturity date.
• Coupons land monthly rather than quarterly, which matters if the point of the ladder is spending the income.

Worth knowing

• BSJT 0.42% a year, several times what plain target-maturity bond ETFs charge. High-yield research costs more, but the fee comes straight out of the yield.
• A maturity date is not a credit guarantee. High-yield issuers can default or restructure before 2029, and the dated structure does not change that.
• Sits in the lower half of a crowded target-maturity bond group, mostly on cost rather than on how it runs the portfolio.

• IBHI The credit risk is the point, and it cuts both ways: high-yield issuers can default, so the 2029 date sets the schedule, not what comes back.ishares.com
• 0.35% a year is above the typical target-maturity bond fund; the investment-grade neighbors IBDU and BSCT run 0.10%.
• Late in life it stops looking like a high-yield fund: as bonds mature, proceeds park in cash-like instruments until the fund closes and pays out.ishares.com

Full BSJT profile⁠

Full IBHI profile⁠