BSCA vs IBDT

BSCADINVESCO BULLETSHARES 2036 CORPORATE BOND ETF

IBDTAiShares iBonds Dec 2028 Term Corporate ETF

In short

BSCA The far rung of Invesco's BulletShares ladder: a couple hundred investment-grade corporate bonds that all effectively mature in 2036, inside a fund that winds up and pays out cash on or about December 15, 2036.

IBDT Acts more like a bond than a bond fund: roughly 700 investment-grade corporate bonds that all mature in 2028, wrapped in one ticker with a defined end date. Built for ladder rungs, monthly distributions and a known finish line.

Stated mandate

BSCA The fund seeks to track a portfolio of U.S.-dollar-denominated, investment-grade corporate bonds that mature effectively in 2036.

IBDT The fund seeks to track an index of investment-grade corporate bonds maturing in 2028 and is designed to support income generation, bond-ladder construction, and interest-rate-risk management through a defined maturity.

Why people hold it

• BSCA Real end date: the fund terminates on or about December 15, 2036 and pays its net assets out in cash, giving a maturity date most bond funds never offer.sec.gov
• Fee runs 0.10%, level with the typical target-maturity corporate bond ETF and the same sticker Invesco puts on shorter rungs like BSCR.
• Callable bonds are slotted by effective maturity (when the issuer is likely to call), so the basket is built around cash coming back near the target year.sec.gov
• A ladder piece by design: stack several BulletShares years and you set your own rungs, with this one marking the roughly ten-year end of the line.sec.gov

• IBDT The defined 2028 maturity does the work: one ticker behaves like a ladder rung, no hunting down individual bonds or tracking each one's maturity.ishares.com
• About 700 investment-grade corporate bonds inside, so no single issuer carries the outcome the way it would in a handful of hand-picked bonds.
• Costs 0.10% a year, right at the typical fee for target-maturity bond funds, and it is one of the more actively traded names in that group.
• Launched in 2018 and now a multi-billion-dollar fund, it ranks among the strongest implementations in the target-maturity bond group.

Worth knowing

• BSCA The final payout is whatever the portfolio is worth. Invesco states the fund does not seek to distribute any predetermined amount of cash at maturity.sec.gov
• A 2036 bullet carries about a decade of interest-rate and corporate credit exposure before that cash distribution arrives.
• Launched in 2026, it is still small and thinly traded next to the long-established short rungs, so bid-ask spreads can run wider.

• IBDT Vanguard's VBCB targets the same 2028 corporate maturity for 0.08%, two basis points cheaper.
• This is corporate credit, not Treasuries. The bonds are investment grade, but downgrades and defaults are still part of the picture.
• It has a finish line. When the 2028 term ends the strategy is over, so the what-next decision lands back with you.ishares.com

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