BSJY vs IBHI

BSJYDInvesco Bulletshares 2034 High Yield Corporate Bond ETF

IBHIAiShares iBonds 2029 Term High Yield and Income ETF

In short

BSJY Junk bonds with a due date. BSJY holds high-yield corporates maturing in 2034, then winds up and pays out its net assets, giving a roughly 90-bond portfolio the shape of a single bond held to maturity.

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

BSJY The fund seeks to track an index representing US dollar-denominated, high-yield corporate bonds whose effective maturities occur in 2034.

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

• BSJY Designed to terminate in December of its maturity year and hand back net assets automatically, so you get a bond-style end date inside an ETF wrapper.invesco.com
• Roughly 90 high-yield bonds instead of one, so a single issuer going bad takes a smaller bite than it would out of an individual bond.
• Duration winds down as the maturity year nears, and in the final year matured proceeds sit in cash equivalents such as T-bills and commercial paper.invesco.cominvesco.com 2
• Part of the BulletShares family, launched in 2010, with rungs spanning many maturity years, which makes stacking a ladder from one lineup straightforward.globenewswire.cominvesco.com

• 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

• BSJY Costs 0.42% a year, above the 0.35% charged by the iShares iBonds term high-yield rungs (IBHF, IBHG, IBHH, IBHI, IBHJ).
• A 2026 launch with a small asset base and light trading, which tends to show up as wider bid-ask spreads.
• Invesco's own language: distributions vary over time, and the split between income and liquidation proceeds is not predictable when you buy.invesco.cominvesco.com 2

• 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 BSJY profile⁠

Full IBHI profile⁠