Guggenheim Investments extended its BulletShares fund suite Wednesday, adding three more target-dated corporate bond exchange traded funds.
According to a press release, Guggenheim extended the target-dated fund suite to include bonds maturing in 2018, 2019 and 2020 for investors who want to utilize a bond ladder strategy. The new funds include:
- Guggenheim BulletShares 2018 Corporate Bond ETF (NYSEARCA:BSCI)
- Guggenheim BulletShares 2019 Corporate Bond ETF (NYSEARCA:BSCJ)
- Guggenheim BulletShares 2020 Corporate Bond ETF (NYSEARCA:BSCK)
The three new funds will supplement the existing line of BulletShares ETFs, including:
- Guggenheim BulletShares 2012 Corporate Bond ETF (BSCC)
- Guggenheim BulletShares 2013 Corporate Bond ETF (BSCD)
- Guggenheim BulletShares 2014 Corporate Bond ETF(BSCE)
- Guggenheim BulletShares 2015 Corporate Bond ETF (BSCF)
- Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG)
- Guggenheim BulletShares 2017 Corporate Bond ETF (BSCH)
- Guggenheim BulletShares 2012 High Yield Corporate Bond ETF (BSJC)
- Guggenheim BulletShares 2013 High Yield Corporate Bond ETF (BSJD)
- Guggenheim BulletShares 2014 High Yield Corporate Bond ETF (BSJE)
- Guggenheim BulletShares 2015 High Yield Corporate Bond ETF (BSJF)
BulletShares fixed-income ETFs are designed to mature in their specified target years, which will help investors hone in on specific target maturities to build a laddered portfolio or take greater control over investment time horizons. In comparison, most other fixed-income ETFs include bond holdings with a wide range of maturity dates.
"Advisors are using BulletShares to provide the benefits of liquidity and transparency, and we are committed to growing this suite," said William Belden, head of product development for Guggenheim Investments. "We've found that there is a strong interest in additional maturity dates to use in portfolio construction so we're pleased to expand the line-up to meet their needs."
Max Chen contributed to this article.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: Tom Lydon is a board member of the funds for Guggenheim Investments.