Guggenheim Investments has expanded its suite of defined-maturity corporate bond ETFs with the launch of two new BulletShares funds: the Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL) and the Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM).
The new funds, on the NYSE Arca, are linked to indices developed by Accretive Asset Management and provide access to portfolio of corporate bonds with effective maturities in 2021 and 2022 respectively.
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Guggenheim’s BulletShares are designed to mature in their target year, providing investors with specific target maturities to ladder portfolios or to manage within specific investment time frames.
BSCL and BSCM will each charge 0.24% in expense fees.
BulletShares, which currently consists of 16 funds, track indices of nearly 70 to 190 corporate bonds with maturity dates ranging from 2013 to 2022.
The new bonds are sourced from multiple issuers, which may reduce issuer concentration risk and potentially lower portfolio volatility.
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By GlobalDataWilliam Belden, managing director of product development at Guggenheim Investments, said: "Defined-maturity continues to be a proven investment strategy for investors looking to save for events like retirement amid a volatile economic environment."
As of 30 June 2013, Guggenheim Investments total ETP assets under management were approximately US$15 billion.
