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Launched

INVESCO BULLETSHARES 2036 CORPORATE BOND ETF

BSCANasdaqInvescoD

$19.25−0.17 (−0.85%)

As of Nov 10, 2026, 11:14 AM ET

D36/ 100

Rank 39 of 43 in Defined-Maturity Investment Grade Corporate

D36/100Rank 39 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: down, 22 prints from 19.42 to 19.25. Range 19.24 to 19.27. Use the arrow keys to read each point.19.3019.3510 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$44M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
265
Avg volume · 30D
56.5K sh
52W range
low $18.81high $20.33
Launched

The ETF.net BSCA Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Defined-Maturity Investment Grade Corporate⁠
Rank
39 of 43
Six-pillar profile for BSCA. Scores out of 100: Cost 50, Risk 17, Mission not scored, Tradability 33, Holdings 38, Durability 16. Strongest: Cost (50). Weakest: Durability (16). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 11 of 42

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 43 of 43

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 32 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 32 of 42

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F16 out of 100
    Rank 43 of 43

Our read on BSCA

ETF.net Research

In short

DThe far rung of Invesco's BulletShares ladder: a couple hundred investment-grade corporate bonds that all effectively mature in 2036, inside a fund that winds up and pays out cash on or about December 15, 2036.

Stated mandate

The fund seeks to track a portfolio of U.S.-dollar-denominated, investment-grade corporate bonds that mature effectively in 2036.

Why people hold it

  • Real end date: the fund terminates on or about December 15, 2036 and pays its net assets out in cash, giving a maturity date most bond funds never offer.sec.gov
  • Fee runs 0.10%, level with the typical target-maturity corporate bond ETF and the same sticker Invesco puts on shorter rungs like BSCR.
  • Callable bonds are slotted by effective maturity (when the issuer is likely to call), so the basket is built around cash coming back near the target year.sec.gov
  • A ladder piece by design: stack several BulletShares years and you set your own rungs, with this one marking the roughly ten-year end of the line.sec.gov

Worth knowing

  • The final payout is whatever the portfolio is worth. Invesco states the fund does not seek to distribute any predetermined amount of cash at maturity.sec.gov
  • A 2036 bullet carries about a decade of interest-rate and corporate credit exposure before that cash distribution arrives.
  • Launched in 2026, it is still small and thinly traded next to the long-established short rungs, so bid-ask spreads can run wider.

BSCA Holdings

Holdings pillarD38 out of 100Rank 32 of 42 in Defined-Maturity Investment Grade Corporate
Asset class
Bonds
Holdings
265
Top-10 weight
17%
Largest holding
Amazon.com Inc 4.88% 03/13/20362.1%

Geography

  • United States91.98%
  • Canada1.89%
  • United Kingdom1.86%
  • Spain1.54%
  • Luxembourg1.21%
  • Japan0.56%
  • Ireland0.48%
  • Uruguay0.27%
  • Other countries (1)0.21%
The fund’s holdings, weight-ordered — page 1 of 18.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataAmazon.com Inc 4.88% 03/13/20362.09%972,000$910K19
2No dataMeta Platforms Inc 5.25% 05/15/20362.08%972,000$906K12
3No dataAnheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.70% 02/01/20361.86%864,000$812K12
4No dataAlphabet Inc 5.45% 08/15/20361.65%730,000$718K19
5No dataAmazon.com Inc 5.30% 07/09/20361.62%729,000$704K16
6No dataSalesforce Inc 5.55% 03/15/20361.61%730,000$702K20
7No dataOracle Corp 5.70% 02/04/20361.61%811,000$700K22
8No dataAlphabet Inc 4.80% 02/15/20361.49%691,000$649K12
9No dataNVIDIA Corp 4.95% 06/15/20361.39%648,000$608K14
10No dataUSD Pending Dividends1.38%0$600K241
11No dataAbbott Laboratories 4.65% 03/15/20361.31%609,000$571K10
12No dataHome Depot Inc/The 5.88% 12/16/20361.14%486,000$499K14
13No dataHoneywell Aerospace Inc 4.95% 03/16/20361.14%524,000$498K18
14No dataAon North America Inc / Aon Global Holdings Plc 5.95% 09/17/20361.02%440,000$442K19
15No dataNovartis Capital Corp 4.90% 03/18/20360.79%359,000$344K12

Showing 1–15 of 265 holdings

BSCA Performance

Launched Jun 10, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BSCA$9,914
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. BSCA $9,914. SPY $9,758. Use the arrow keys to read each point.$9,600$9,800$10,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BSCA. Periods over one year show the average yearly return.
PeriodBSCA
Year to dateFund launched this yearNo data
1 month+2.6%
3 months−0.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BSCA
YearReturn barBSCA
2026 YTD−1.2%

Since listing, Jun 10, 2026

BSCA in the news

BSCA Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jul 20, 2026 $0.12; Aug 24, 2026 $0.09; Sep 21, 2026 $0.09; Oct 19, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 19, 2026Oct 23, 2026$0.08
Sep 21, 2026Sep 25, 2026$0.09
Aug 24, 2026Aug 28, 2026$0.09
Jul 20, 2026Jul 24, 2026$0.12

BSCA Risk

Risk pillarF17 out of 100Rank 43 of 43 in Defined-Maturity Investment Grade Corporate
How much the fund’s monthly returns vary, scaled to a year.
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.19
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BSCA Cost

Compare BSCA and VBCB

Overpaying vs VBCB, tied cheapest in Defined-Maturity Investment Grade Corporate

$417

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BSCA 0.10%

    $2,106

  • VBCB 0.08% Tied cheapest

    $1,689

$10,000
30 years

Cost over time

  • BSCA 0.10%
  • VBCB 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530BSCA $2,106VBCB $1,689

Year by year

YearBSCAVBCBOverpaying
10$183$147$36
20$717$575$142
30$2,106$1,689$417

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