BSCS Fees and Costs — Invesco BulletShares 2028 Corporate Bond ETF
Data updated: 2026-07-28
The net expense ratio is 0.10%. There are no sales loads or redemption fees. Portfolio turnover was 3%.
BSCS Fees and Expenses
Annual operating expenses and sales charges of BSCS. 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 |
BSCS Costs Over Time
On $10,000 invested in BSCS, 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% |
BSCS 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): $1.3B
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $371.6M
- Net income from securities lending: $606K (0.025% of average net assets)
BSCS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $300.4M | 23.77% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $287.9M | 22.78% |
| MORGAN STANLEY & CO. LLC | $224.0M | 17.73% |
| GOLDMAN, SACHS & CO. | $205.5M | 16.26% |
| JANE STREET CAPITAL, LLC | $198.2M | 15.69% |
| JEFFERIES LLC | $18.2M | 1.44% |
| RAYMOND JAMES & ASSOCIATES, INC. | $11.1M | 0.88% |
| FIFTH THIRD SECURITIES, INC. | $7.9M | 0.62% |
| TRADEWEB DIRECT LLC | $5.4M | 0.43% |
| HSBC SECURITIES (USA) INC. | $5.0M | 0.40% |
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.