Invesco BulletShares 2030 Corporate Bond ETF

Invesco BulletShares 2030 Corporate Bond ETF (BSCU) tracks the Invesco BulletShares USD Corporate Bond 2030 Index, a basket of investment-grade company bonds that mature in 2030. Unlike most bond funds, it has an end date. It plans to close on or about December 15, 2030 and pay out its assets in cash, much like a single bond. Its 0.10% expense ratio is higher than broad short-term corporate funds such as VCSH (0.03%).

• Over the year to Oct 27, 2026, BSCU returned +0.1%, 7th of 8 among similar funds.
• Its 5-year annualized return was +0.5%.
• Its worst full calendar year was 2022 (-15.1%); its best was 2023 (+8.8%).
• The deepest fall in its price history was 21.7% (Aug 2, 2021 to Oct 20, 2022), recovered by Oct 14, 2025.

As of Aug 31, 2026, the fund held 446 securities; the ten largest made up 7.71% of assets, and 8.24% sat in cash and money-market holdings.

The bonds mature in 3.8 years on average (weighted by size), with an average coupon of 3.84%.

• Over the three months to Aug 31, 2026, investors added a net $211.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.09%, -0.46%, +0.21%.

BSCU tracks an index built by Invesco Indexing LLC, an affiliate of the fund's adviser. The starting pool is US dollar bonds issued by companies based in the US, Canada, Western Europe or Japan. To qualify, a bond must mature in 2030. Some bonds instead qualify by "effective maturity": the year the issuer is likely to call the bond, meaning repay it early. A bond must also pay fixed, taxable interest and be rated investment grade (at least BBB- from S&P or Fitch, or Baa3 from Moody's). It needs at least $500 million outstanding. Bonds are weighted by market value, and no single issuer can exceed 5% at each monthly rebalance. The index had 413 bonds as of October 31, 2025. The fund uses "sampling", so it does not buy every bond in the index.

Bonds are generally held until they mature, are called or drop out of the index, which keeps trading low (4% portfolio turnover). In 2030, no new bonds are added and rebalancing stops after June. In the final six months, maturing bonds are replaced with cash, Treasury bills and commercial paper. The fund then closes on or about December 15, 2030 and pays shareholders in cash, though the board may change that date. No set payout amount is promised, and it is not a target date fund.

• BSCU charges 0.1% a year, versus an average of 0.13% for the similar funds below (6th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $10 in the first year and $129 over 10 years (assuming a 5% annual return).

BSCU pays monthly income from investment-grade corporate bonds, and its fixed 2030 end date can be matched to a known future expense.

BSCU pays income monthly. Its trailing 12-month yield was 4.49% as of October 27, 2026. Because it closes around December 15, 2030, it may fit money set aside for a 2030 need. It is not immune to interest rates, though. It lost 14.88% in 2022, its worst calendar year. Its deepest drop, 21.7% from August 2021 to October 2022, took about 36 months to recover. Someone who had to sell in late 2022 would have locked in that loss. The fund launched in September 2020, so it has no record from the 2008 crisis or the 2020 COVID crash. A bond's price usually reacts less to rate changes as it nears maturity. In the final year, the yield will drift toward cash rates. The expense ratio is 0.10%, or $10 in the first year on $10,000 under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).