CHANGES ARE AHEAD FOR THIS BOND FOND

INVESCO created its BulletShares suite of exchange-traded funds to help investors build bond ladders—a strategy that involves buying bonds with staggered maturity dates. But these funds can be useful in other ways.

- BY NELLIE S. HUANG

In 2022, when we added Invesco BulletShares 2026 Corporate Bond to the Kiplinger ETF 20, the list of our favorite ETFs, the fund met our objective of finding a short-term, high-quality corporate bond fund with below-average duration (a measure of interest-rate sensitivity).

Since then, the fund has exceeded expectations. From mid 2022 through October, BulletShares 2026 Corporate Bond returned 4.3% annualized, beating the 3.1% gain of the Bloomberg U.S. Aggregate Bond index, with half the volatility.