On April 16, 2026, Matthew Goff Investment Advisor disclosed a new position in Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ +0.00%), acquiring 486,104 shares in the first quarter. The estimated transaction value was $11.31 million based on quarterly average pricing.
What happened
According to an SEC filing dated April 16, 2026, Matthew Goff Investment Advisor initiated a new position in the Invesco BulletShares 2026 High Yield Corporate Bond ETF (BSJQ +0.00%) during the first quarter. The fund bought 486,104 shares, with the estimated transaction value amounting to $11.31 million based on average closing prices for the quarter. The quarter-end value of the stake was $9.49 million, reflecting both trading activity and underlying price shifts.
What else to know
- This was a new position, representing 1.58% of the fund’s reportable U.S. equity AUM after the quarter.
- Top holdings after the filing:
- NYSE: BRK-B: $42.76 million (7.2% of AUM)
- NASDAQ: MSFT: $41.55 million (7.0% of AUM)
- NASDAQ: GOOGL: $35.26 million (5.9% of AUM)
- NYSE: BK: $30.33 million (5.1% of AUM)
- NYSE: BAC: $22.94 million (3.9% of AUM)
- As of April 16, 2026, BSJQ shares were priced at $23.26. The one-year total return was roughly 7%.
ETF overview
| Metric | Value |
|---|---|
| Net assets | $1.1 billion |
| &ield | 6% |
| Price (as of market close April 16, 2026) | $23.26 |
| 1-year total return | 7% |
ETF snapshot
- BSJQ’s investment strategy focuses on tracking the performance of a diversified portfolio of U.S. dollar-denominated high-yield corporate bonds maturing in 2026, aiming to provide income and a defined maturity profile.
- Its underlying holdings consist of high-yield (below investment grade) corporate bonds, selected using a sampling methodology to closely match the index while maintaining monthly rebalancing.
- It is structured as a passively managed ETF with a fixed maturity date and a transparent expense ratio, designed for investors seeking predictable cash flows and exposure to high-yield credit risk.
The Invesco BulletShares 2026 High Yield Corporate Bond ETF offers targeted exposure to high-yield U.S. corporate bonds with maturities in 2026, providing investors with a defined investment horizon and regular income distributions. The fund's strategy leverages a rules-based index approach, focusing on diversification and credit risk management within the high-yield segment. Its structure appeals to investors seeking a balance between yield enhancement and maturity-specific planning, distinguishing it from perpetual bond funds.
What this transaction means for investors
This purchase appears to be a calculated move up the risk spectrum within a bond ladder, rather than a new bet on fixed income altogether. For long-term investors, this distinction is important. The same fund recently exited an investment-grade 2026 ETF, which was close to maturity, and shifted into a high-yield version that has a similar maturity. This move isn’t so much about trying to time the market as it is about maintaining income levels as more secure bonds mature.
The high-yield ETF makes the tradeoff evident. It offers a 6.45% SEC yield and approximately 7.3% yield to maturity, which is significantly higher than its investment-grade equivalent, but comes with increased credit risk. Additionally, it’s more concentrated, with fewer than 50 holdings and exposure to companies like DISH and Altice, which have a greater likelihood of default compared to the larger firms typically found in investment-grade portfolios.
In the context of the overall portfolio, however, this adjustment is still relatively minor, making up just 1.58% of AUM, especially when compared to core equity positions like Berkshire Hathaway and Microsoft, both over 7%, suggesting that the change is tactical rather than a major shift.
