So, Kirr Marbach, whoever they are – and honestly, I picture a small firm run entirely by people who color-coordinate their socks – just dropped $4.27 million into the Invesco BulletShares 2029 Corporate Bond ETF. It’s a move that, on paper, suggests a certain…confidence. Or maybe it’s just that they’ve finally given up and are embracing the inevitable. I’m leaning towards the latter, if I’m being honest.
What Happened, Exactly?
They bought 226,705 shares of BSCT. That’s a lot of shares. The transaction went down on January 26th, which feels like a lifetime ago in market years. The price was based on the fourth quarter of 2025, which, when you think about it, is practically ancient history. I spent a good ten minutes trying to remember what I had for breakfast that day, and failed miserably. It’s unsettling how quickly things become irrelevant.
The Fine Print (Because There’s Always Fine Print)
BSCT now makes up 2.3% of Kirr Marbach’s reportable AUM. AUM. It sounds so…substantial. Like a Roman emperor’s collection of gold. Meanwhile, I’m over here trying to remember where I put my car keys. Here’s a quick rundown of their other holdings, just to remind us all who’s really winning:
- NYSE:EME: $36.90 million (7.1% of AUM)
- NYSE:MTZ: $36.42 million (7.0% of AUM)
- NASDAQ:AVGO: $32.80 million (6.3% of AUM)
- NASDAQ:GOOGL: $28.21 million (5.4% of AUM)
- NYSE:VST: $26.96 million (5.2% of AUM)
As of January 23rd, BSCT shares were at $18.80, up 2.5% year-over-year. Which, let’s be real, is barely enough to cover the cost of a decent latte these days. They’ve got 58 positions and $523.16 million in reportable assets. I have a half-eaten bag of pretzels and a growing sense of dread.
BSCT: A Quick Overview (For Those Who Like Numbers)
| Metric | Value |
|---|---|
| AUM | $2.59 billion |
| Yield | 4.5% |
| Price (as of January 23) | $18.80 |
| 1-year total return | 7.7% |
What Does It All Mean? (Besides My Impending Existential Crisis)
BSCT is designed to hold investment-grade corporate bonds maturing in 2029. It’s a fixed-maturity ETF, which basically means they’re betting on things not falling apart completely by then. A comforting thought, until you remember the last few years. They aim for at least 80% of assets in the index. I aim for at least 80% of my day without checking the news. It’s a struggle.
This move isn’t about chasing the next hot stock. It’s about anchoring return expectations. It’s about recognizing that sometimes, the best you can hope for is a slow, predictable decline. It’s a ballast in a portfolio likely overflowing with riskier bets. A predictable source of cash flow, which, honestly, sounds like a dream. I’m starting to think Kirr Marbach is onto something. Maybe I should buy some bonds. Or just hide under the covers.
The yield to maturity is 4.25% with an effective duration just under three years. Cleaner risk profile than longer-duration bonds while still paying meaningfully more than cash equivalents. It’s a sensible move. A responsible move. It’s making me feel strangely inadequate.
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2026-01-28 21:43