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BSTS

GradeCNASDAQ Global Market

Invesco Bulletshares 2028 Treasury Bond ETF

Target Maturity Bond · Invesco · Inception 2026-06-10

$24.83+0.04 (+0.18%)

As of Sep 23, 2026, 2:53 PM EDT

History starts Jun 10, 2026.History starts Jun 10, 2026.History starts Jun 10, 2026.
Intraday session: up, 12 prints from 24.78 to 24.83. Range 24.72 to 24.83. Use the arrow keys to read each point.$24.73$24.75$24.77$24.8010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$7M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
50
Volume · 30D
0M sh
NAV per share
$24.77
52W range
low $24.78high $25.15

The ETF.net BSTS Grade

C

40/ 100

Rank 21 of 33 in Defined-Maturity Treasury⁠

Confidence Medium

Six-pillar profile for BSTS. Scores out of 100: Cost 67, Risk 61, Mission not scored, Tradability 64, Holdings 91, Durability 50. Strongest: Holdings (91). Weakest: Durability (50). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned67This cap took−27Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank3/33 · top 9%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank6/29 · top 21%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank9/33 · top 27%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 91
    Category rank2/33 · top 6%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank18/33 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BSTS

ETF.net Research

COne 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 Sep 20, 2026, 1:56 PM
Asset class
Bonds
Holdings
50
Top-10 weight
26%
Largest holding
United States Treasury Note/Bond 3.50% 01/31/20284.1%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Note/Bond 3.50% 01/31/20284.06%307,200$302K17
002—United States Treasury Note/Bond 4.25% 07/31/20282.52%189,500$188K22
003—United States Treasury Note/Bond 4.13% 06/30/20282.51%189,400$187K23
004—United States Treasury Note/Bond 4.13% 08/31/20282.51%189,500$187K22
005—United States Treasury Note/Bond 4.00% 05/31/20282.51%189,400$187K19
006—United States Treasury Note/Bond 3.88% 03/31/20282.51%189,400$187K18
007—United States Treasury Note/Bond 3.75% 04/30/20282.50%189,500$187K13
008—United States Treasury Note/Bond 3.38% 02/29/20282.50%189,400$186K17
009—United States Treasury Note/Bond 2.88% 05/15/20282.22%170,400$165K9
010—United States Treasury Note/Bond 2.88% 08/15/20282.22%171,100$165K11
011—United States Treasury Note/Bond 1.13% 02/29/20282.18%170,500$162K10
012—United States Treasury Note/Bond 1.25% 04/30/20282.15%169,200$160K11
013—United States Treasury Note/Bond 2.75% 02/15/20282.14%163,800$160K11
014—United States Treasury Note/Bond 1.25% 05/31/20282.13%168,000$159K13
015—United States Treasury Note/Bond 3.13% 11/15/20282.13%164,000$158K10

Showing 1–15 of 51 holdings

BSTS Performance

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

BSTS$10,022
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BSTS $10,022. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for BSTS. Periods over one year show the average yearly return.
PeriodBSTS
Year to dateFund launched this year—
1 month−0.5%
3 months+0.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+0.2%

Since listing, Jun 10, 2026

BSTS in the news

ETF.net Research hasn’t filed on BSTS yet — coverage lands here as it’s written.

BSTS 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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Upcoming payment
$0.08 per share
Pays 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, 2026Pays Sep 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.