Key stats
About Invesco BulletShares 2024 Corporate Bond ETF
Expense ratio
0.10%
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Inception date
Sep 17, 2014
As part of Invesco's BulletShares investment-grade suite, BSCO behaves more like a bond than a typical bond fund. The fund provides bullet maturityDec. 31, 2024instead of perpetual exposure to a maturity pocket of the US corporate investment-grade market. As the fund ages, its average maturity, duration, and YTM will continue to decline. On its target date, BSCO will unwind and return all capital to investors. This structure permits BSCO to be used as a building block for a bond ladder. The fund charges a reasonable fee, though loose tracking has sometimes translated to higher realized holding costs. In all, the fund provides a viable means to access a diverse pool of US investment-grade bonds while mimicking the lifecycle of an individual bond. BSCO hews close to marketlike exposure. It trades adequately, with workable volume but sometimes-significant spreads. Institutions should work with market makers for block trades. It's also worth noting that iShares offers a competing fund, IBDP, with a far lower expense ratio, so investors may wish to comparison shop.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate95.72%
Mutual fund3.49%
Temporary0.80%
Cash0.00%