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Invesco BulletShares 2032 Corporate Bond ETF

BSCWNasdaqInvescoB

$19.82−0.14 (−0.73%)

As of Nov 10, 2026, 11:15 AM ET

Intraday session: down, 22 prints from 19.96 to 19.82. Range 19.82 to 19.84. Use the arrow keys to read each point.19.8519.8819.9019.9310 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$1.58B
1Y total return
+0.4%
Yield · Last 12 months
4.92%
Holdings
331
Avg volume · 30D
415K sh
52W range
low $19.55high $21.24
Launched

The ETF.net BSCW Grade

B

Score 63 out of 100

Rank
17 of 43
Six-pillar profile for BSCW. Scores out of 100: Cost 50, Risk 35, Mission 100, Tradability 64, Holdings 62, Durability 56. Strongest: Mission (100). Weakest: Risk (35). Leans toward Mission.

Score 63 of 100 falls in the B 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.
    A100 out of 100
    Rank 1 of 32
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 26 of 43
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 12 of 43
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B62 out of 100
    Rank 20 of 42
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 18 of 43

Our read on BSCW

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 8, 2022

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.
BSCW$10,038
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. BSCW $10,038. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – 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 BSCW. Periods over one year show the average yearly return.
PeriodBSCW
Year to date−0.5%
1 month+1.7%
3 months−0.7%
1 year+0.4%
3 yearsper year+6.5%
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 BSCW
YearReturn barBSCW
2026 YTD−0.5%
2025+9.0%
2024+2.2%
2023+9.3%
2022+0.3%

Since listing, Sep 8, 2022

BSCW in the news

BSCW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
4.92%Last 12 months
Payout per share
$0.98Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.09; Feb 21, 2023 $0.08; Mar 20, 2023 $0.08; Apr 24, 2023 $0.08; May 22, 2023 $0.09; Jun 20, 2023 $0.08; Jul 24, 2023 $0.08; Aug 21, 2023 $0.07; Sep 18, 2023 $0.08; Oct 23, 2023 $0.07; Nov 20, 2023 $0.08; Dec 18, 2023 $0.11; Jan 22, 2024 $0.08; Feb 20, 2024 $0.08; Mar 18, 2024 $0.08; Apr 22, 2024 $0.08; May 20, 2024 $0.09; Jun 24, 2024 $0.09; Jul 22, 2024 $0.09; Aug 19, 2024 $0.09; Sep 23, 2024 $0.08; Oct 21, 2024 $0.08; Nov 18, 2024 $0.08; Dec 23, 2024 $0.09; Jan 21, 2025 $0.08; Feb 24, 2025 $0.08; Mar 24, 2025 $0.08; Apr 21, 2025 $0.08; May 19, 2025 $0.09; Jun 23, 2025 $0.09; Jul 21, 2025 $0.08; Aug 18, 2025 $0.08; Sep 22, 2025 $0.08; Oct 20, 2025 $0.08; Nov 24, 2025 $0.08; Dec 22, 2025 $0.08; Jan 20, 2026 $0.08; Feb 23, 2026 $0.08; Mar 23, 2026 $0.08; Apr 20, 2026 $0.08; May 18, 2026 $0.08; Jun 22, 2026 $0.08; Jul 20, 2026 $0.08; Aug 24, 2026 $0.08; Sep 21, 2026 $0.08; Oct 19, 2026 $0.08. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 19, 2026Oct 23, 2026$0.08
Sep 21, 2026Sep 25, 2026$0.08
Aug 24, 2026Aug 28, 2026$0.08
Jul 20, 2026Jul 24, 2026$0.08
Jun 22, 2026Jun 26, 2026$0.08
May 18, 2026May 22, 2026$0.08
Apr 20, 2026Apr 24, 2026$0.08
Mar 23, 2026Mar 27, 2026$0.08
Feb 23, 2026Feb 27, 2026$0.08
Jan 20, 2026Jan 23, 2026$0.08
Dec 22, 2025Dec 26, 2025$0.08
Nov 24, 2025Nov 28, 2025$0.08

See all 49 payments⁠

$10,000 in BSCW 3 years ago paid $1,573 in dividends.⁠

BSCW Risk

How much the fund’s monthly returns vary, scaled to a year.
6.4%
Annualised · 36 months to Oct 2026
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.
0.42
vs 3-month T-bills · to Oct 2026
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.
−8.3%
50 months · trough Oct 2023
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.
1.14
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.

BSCW Cost

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.

  • BSCW 0.10%

    $2,106

  • VBCB 0.08% Tied cheapest

    $1,689

$10,000
30 years

Cost over time

  • BSCW 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$2.5K051015202530BSCW $2,106VBCB $1,689

Year by year

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

Other funds in Defined-Maturity Investment Grade Corporate