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BSTV

GradeCNASDAQ Global Market

Invesco Bulletshares 2031 Treasury Bond ETF

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

$24.28−0.20 (−0.80%)

As of Sep 23, 2026, 2:58 PM EDT

History starts Jun 10, 2026.History starts Jun 10, 2026.History starts Jun 10, 2026.
Intraday session: down, 24 prints from 24.48 to 24.28. Range 24.25 to 24.45. Use the arrow keys to read each point.$24.25$24.35$24.40$24.4510 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$3M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
26
Volume · 30D
0M sh
NAV per share
$24.44
52W range
low $24.45high $25.27

The ETF.net BSTV Grade

C

40/ 100

Rank 23 of 33 in Defined-Maturity Treasury⁠

Confidence Medium

Six-pillar profile for BSTV. Scores out of 100: Cost 67, Risk 49, Mission not scored, Tradability 31, Holdings 76, Durability 40. Strongest: Holdings (76). Weakest: Tradability (31). 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 earned56This cap took−16Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank5/33 · top 15%

  • 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.
    CScore 49
    Category rank11/29 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 31
    Category rank24/33 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 76
    Category rank8/33 · top 24%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 40
    Category rank21/33 · mid-pack

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

Our read on BSTV

ETF.net Research

CA Treasury ETF with an end date: BSTV holds Treasuries maturing in 2031 and drifts into cash as they pay off. It's Invesco's 2026 move to add Treasury rungs to the BulletShares ladder it built on corporates and munis.

Stated mandate

The fund seeks to track, before fees and expenses, the investment results of the Invesco BulletShares US Treasury Bond 2031 Index. Its portfolio holds U.S. dollar-denominated Treasury bonds maturing in 2031 and transitions to cash and cash equivalents as those bonds mature.

Why people hold it

  1. 01Defined maturity, bond style: roughly two dozen Treasuries all maturing in 2031, with the portfolio rolling into cash and cash equivalents as those bonds pay off.
  2. 02Seven basis points, dead level with the median Treasury-ladder fund and with the entrenched iShares iBonds rungs like IBTK.
  3. 03Government paper only, so the variable that moves it is interest rates, not credit quality.
  4. 04Arrived June 2026 as one of five consecutive rungs (2027 through 2031), so a ladder can be built from one issuer and one index family.prnewswire.com

Worth knowing

  1. 01The newcomer next to BlackRock's 2031 iBonds Treasury fund (IBTL), which has years of head start on scale and trading depth. Thinner volume can mean wider spreads at the screen.ishares.com
  2. 02One maturity year, not a curve: it swings with rates until the 2031 bonds come due, then winds down to cash by design rather than rolling into new paper.invesco.com
  3. 03Distributions land once or twice a year, unlike the monthly cadence Invesco advertises across its corporate BulletShares.invesco.com

BSTV Holdings

As of Sep 20, 2026, 1:56 PM
Asset class
Bonds
Holdings
26
Top-10 weight
54%
Largest holding
United States Treasury Note/Bond 1.25% 08/15/20316.7%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Note/Bond 1.25% 08/15/20316.71%233,900$197K10
002—United States Treasury Note/Bond 1.38% 11/15/20316.55%228,600$192K13
003—United States Treasury Note/Bond 1.13% 02/15/20316.29%216,200$185K10
004—United States Treasury Note/Bond 1.63% 05/15/20316.27%212,600$184K10
005—United States Treasury Note/Bond 4.38% 08/31/20314.80%144,000$141K29
006—United States Treasury Note/Bond 4.38% 07/31/20314.80%144,000$141K18
007—United States Treasury Note/Bond 4.13% 05/31/20314.75%144,000$139K11
008—United States Treasury Note/Bond 4.13% 06/30/20314.75%144,000$139K14
009—United States Treasury Note/Bond 3.88% 03/31/20314.71%144,000$138K15
010—United States Treasury Note/Bond 3.88% 04/30/20314.70%144,000$138K14
011—United States Treasury Note/Bond 3.75% 01/31/20314.69%144,000$138K13
012—United States Treasury Note/Bond 3.50% 02/28/20314.64%144,100$136K12
013—United States Treasury Note/Bond 4.63% 05/31/20313.01%89,500$89K11
014—United States Treasury Note/Bond 4.50% 12/31/20313.01%89,900$88K9
015—United States Treasury Note/Bond 4.25% 06/30/20313.00%90,600$88K10

Showing 1–15 of 27 holdings

BSTV Performance

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

BSTV$9,885
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. BSTV $9,885. 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 BSTV. Periods over one year show the average yearly return.
PeriodBSTV
Year to dateFund launched this year—
1 month−1.3%
3 months−1.1%
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 BSTV
YearReturn barBSTV
2026 YTD−1.1%

Since listing, Jun 10, 2026

BSTV in the news

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

BSTV 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
$0.09 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 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Pays Sep 25, 2026$0.09
Aug 24, 2026Aug 28, 2026$0.09
Jul 20, 2026Jul 24, 2026$0.12

BSTV 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.
0.07
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.

BSTV Cost

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

No Defined-Maturity Treasury fund charges less.

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