The Invesco BulletShares 2032 High Yield Corporate Bond ETF is an exchange-traded fund designed to provide a diversified exposure to high yield corporate bonds that are scheduled to mature in the year 2032. This fund offers investors the opportunity to target a specific maturity date while benefitting from the potential of high yield debt. The ETF's primary function is to track the performance of the Nasdaq BulletShares® USD High Yield Corporate Bond 2032 Index, offering a fixed maturity date that allows investors to plan for future cash flow requirements. This ETF is notably characterized by its focus on high yield, or "junk," bonds, which offer higher returns compared to investment-grade securities, albeit with higher risk. It primarily impacts industries with companies that typically issue higher yield bonds, such as energy, communications, and industrials. By providing periodic income through interest payments, this fund plays a significant role in income-focused investment strategies. Its structure is appealing to investors looking to mitigate interest rate risk over a longer term while providing a vehicle for credit diversification. This ETF is part of Invesco's BulletShares suite, known for its target-date investment approach.
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