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Launched

Invesco Bulletshares 2028 Treasury Bond ETF

BSTSNasdaqB

$24.830.00 (0.00%)

At close: Oct 13, 2026, 4:00 PM

B68/ 100

Rank 9 of 31 in Defined-Maturity Treasury

B68/100Rank 9 of 31inDefined-Maturity Treasury
Intraday session: flat, 10 prints from 24.83 to 24.83. Range 24.83 to 24.84. Use the arrow keys to read each point.24.8324.8424.8424.8410 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$9M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
53
Avg volume · 30D
0M sh
NAV per share
$24.82
52W range
low $24.73high $25.15
Launched

The ETF.net BSTS Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
Defined-Maturity Treasury⁠
Rank
9 of 31
Six-pillar profile for BSTS. Scores out of 100: Cost 65, Risk 77, Mission not scored, Tradability 60, Holdings 90, Durability 47. Strongest: Holdings (90). Weakest: Durability (47). Based on 5 of 6 pillars.

Score 68 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.
    B65 out of 100
    Rank 1 of 31

  • 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.
    A77 out of 100
    Rank 4 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 9 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A90 out of 100
    Rank 1 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 17 of 31

Our read on BSTS

ETF.net Research

BOne rung of a Treasury ladder in ETF clothing: it holds only Treasuries maturing in 2028, then terminates that December and pays out the cash. Invesco's BulletShares answer to the entrenched iBonds Treasury lineup.

Stated mandate

The Fund seeks to track, before fees and expenses, the investment results of the Invesco BulletShares US Treasury Bond 2028 Index.

Why people hold it

  1. 01Defined-maturity design: the fund terminates in December 2028 and makes a final cash distribution of its net assets, so it behaves more like a bond than an open-ended bond fund.invesco.com
  2. 02Charges 0.07%, matching the category median and the iShares iBonds Treasury rungs (IBTG, IBTI) it competes against. No price premium for the Invesco wrapper.
  3. 03About 50 holdings, all US dollar Treasury bonds maturing in 2028. No corporate credit to underwrite, and interest-rate sensitivity shrinks as the maturity date nears.

Worth knowing

  1. 01Small asset base and light trading versus the long-established iBonds ladder, which can mean wider spreads at the screen.
  2. 02No predetermined payout at maturity. The final distribution depends on what the bonds are worth, and the last stretch of the fund's life sits in cash and Treasury bills.invesco.com
  3. 03Launched in 2026, so there is little operating history to judge. Treasury backing applies to the bonds the fund holds, not to its shares.invesco.com

BSTS Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
53
Top-10 weight
26%
Largest holding
United States Treasury Note/Bond 3.50% 01/31/20283.9%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Note/Bond 3.50% 01/31/20283.95%377,700$372K17
002—United States Treasury Note/Bond 4.75% 09/30/20282.48%234,500$234K17
003—United States Treasury Note/Bond 4.25% 07/31/20282.46%234,500$232K22
004—United States Treasury Note/Bond 4.13% 06/30/20282.46%234,500$232K22
005—United States Treasury Note/Bond 3.88% 03/31/20282.46%234,500$232K17
006—United States Treasury Note/Bond 4.13% 08/31/20282.46%234,500$232K18
007—United States Treasury Note/Bond 4.00% 05/31/20282.46%234,400$232K18
008—United States Treasury Note/Bond 3.75% 04/30/20282.45%234,500$231K13
009—United States Treasury Note/Bond 3.38% 02/29/20282.44%234,500$230K17
010—United States Treasury Note/Bond 2.88% 05/15/20282.17%210,600$205K9
011—United States Treasury Note/Bond 2.88% 08/15/20282.16%211,000$204K11
012—United States Treasury Note/Bond 1.13% 02/29/20282.12%209,700$200K10
013—United States Treasury Note/Bond 1.25% 04/30/20282.10%209,200$198K11
014—United States Treasury Note/Bond 1.25% 05/31/20282.08%207,900$197K13
015—United States Treasury Note/Bond 0.75% 01/31/20282.08%206,500$196K12

Showing 1–15 of 53 holdings

BSTS 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.
BSTS$10,014
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BSTS $10,014. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 BSTS. Periods over one year show the average yearly return.
PeriodBSTS
Year to dateFund launched this year—
1 month+0.1%
3 months+0.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 BSTS
YearReturn barBSTS
2026 YTD+0.3%

Since listing, Jun 10, 2026

BSTS in the news

Filtered to BSTS · Invesco

BSTS 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. 3 payments in 2026 YTD. Jul 20, 2026 $0.12; Aug 24, 2026 $0.09; Sep 21, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.08
Aug 24, 2026Aug 28, 2026$0.09
Jul 20, 2026Jul 24, 2026$0.12

BSTS Risk

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.
0.01
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.

BSTS Cost

Expense ratio0.07%
  • The middle half of Defined-Maturity Treasury funds
  • Median 0.07%

No Defined-Maturity Treasury fund charges less.

BSTS costs $7.00 a year on $10,000. The median Defined-Maturity Treasury fund costs $7.00.

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