BSCQ Fees and Costs — Invesco BulletShares 2026 Corporate Bond ETF
Data updated: 2026-07-30
The net expense ratio is 0.10%. There are no sales loads or redemption fees. Portfolio turnover was 3%.
BSCQ Fees and Expenses
Annual operating expenses and sales charges of BSCQ. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.10% |
| Fee waiver | — |
| Net expense ratio | 0.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BSCQ Costs Over Time
On $10,000 invested in BSCQ, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.10% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.10%) | $10 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $35 | $64 |
| Value after costs | $10,490 | $11,542 | $12,699 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
BSCQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $287.4M
- Net income from securities lending: $386K (0.009% of average net assets)
BSCQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $571.1M | 33.05% |
| BNY MELLON CAPITAL MARKETS, LLC | $523.3M | 30.29% |
| GOLDMAN, SACHS & CO. | $257.1M | 14.88% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $191.2M | 11.06% |
| JANE STREET CAPITAL, LLC | $131.0M | 7.58% |
| JANE STREET EXECUTION SERVICES, LLC | $15.4M | 0.89% |
| BARCLAYS CAPITAL INC. | $12.3M | 0.71% |
| HEADLANDS TECHNOLOGIES SECURITIES, LLC | $9.0M | 0.52% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $8.9M | 0.52% |
| BOFA SECURITIES, INC. | $8.7M | 0.50% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.