Invesco BulletShares 2032 Corporate Bond ETF
$19.70−0.18 (−0.91%)
- Expense ratio
- 0.10%
- Fund size
- $1.6B
- 1Y return
- −0.2%
- Yield · Last 12 months
- 4.94%
- Holdings
- 327
- Volume · 30D
- 0.4M sh
- NAV per share
- $19.86
- 52W range
The ETF.net BSCW Grade
Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 49Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 32Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 65Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 60Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on BSCW
BA rung of a bond ladder in ETF form. BSCW holds investment-grade corporate bonds maturing in 2032, then winds down and terminates on or about Dec. 15, 2032, paying out net assets in cash.
The Fund invests primarily in US dollar-denominated, investment-grade corporate bonds whose effective maturities are in 2032.
Why people hold it
- Behaves like a bond, not a perpetual fund: holdings mature, the fund terminates on or about Dec. 15, 2032, and shareholders receive a cash distribution of net assets.sec.govinvesco.com
- About 300 US dollar investment-grade corporate issues, so no single borrower carries the outcome. Income is paid monthly.
- 0.10% expense ratio on a multi-billion-dollar fund that trades with steady volume, so building or unwinding a ladder rung is straightforward.
- Hugs its Nasdaq BulletShares 2032 index tightly, one of the stronger implementations among target-maturity bond ETFs.
Worth knowing
- No predetermined payout. The fund does not target a set amount of cash at maturity, so the final distribution depends on what the bonds are worth as they mature.sec.gov
- In the final six months the matured bonds roll into cash and equivalents such as T-bills and commercial paper, so the portfolio drifts toward cash before the end date.sec.gov
- The fee matches the category median rather than undercutting it; some rival rungs (VBCB, IBTJ) list lower, and corporate credit brings downgrade and default risk Treasury ladders do not.
BSCW Holdings
- Bonds
- 327
- 10%
- Meta Platforms Inc 4.60% 11/15/2032
Sectors
- Financials100.0%
Geography
- United States90.79%
- Canada5.24%
- Ireland1.30%
- Japan1.04%
- Luxembourg0.58%
- France0.41%
- United Kingdom0.41%
- Netherlands0.22%
BSCW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | BSCW |
|---|---|
| Year to date | −1.3% |
| 1 month | −1.2% |
| 3 months | −1.3% |
| 1 year | −0.2% |
| 3 years | +5.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BSCW |
|---|---|---|
| 2026 YTD | −1.3% | |
| 2025 | +9.0% | |
| 2024 | +2.2% | |
| 2023 | +9.3% | |
| 2022 | +0.3% |
BSCW in the news
ETF.net Research hasn’t filed on BSCW yet — coverage lands here as it’s written.
BSCW Dividends
- 4.94%
- $0.98
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.08 |
| Aug 24, 2026 | Aug 28, 2026 | $0.08 |
| Jul 20, 2026 | Jul 24, 2026 | $0.08 |
| Jun 22, 2026 | Jun 26, 2026 | $0.08 |
| May 18, 2026 | May 22, 2026 | $0.08 |
| Apr 20, 2026 | Apr 24, 2026 | $0.08 |
| Mar 23, 2026 | Mar 27, 2026 | $0.08 |
| Feb 23, 2026 | Feb 27, 2026 | $0.08 |
| Jan 20, 2026 | Jan 23, 2026 | $0.08 |
| Dec 22, 2025 | Dec 26, 2025 | $0.08 |
| Nov 24, 2025 | Nov 28, 2025 | $0.08 |
| Oct 20, 2025 | Oct 24, 2025 | $0.08 |
BSCW Risk
- 6.7%
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.
- 0.17
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.
- −8.3%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSCW Cost
- The middle half of Defined-Maturity Investment Grade Corporate funds
- Median 0.10%
10 of the 42 Defined-Maturity Investment Grade Corporate funds charge less.