Invesco BulletShares 2036 Corporate Bond ETF (BSCA)

The Invesco BulletShares 2036 Corporate Bond ETF (BSCA) is a defined-maturity fund that tracks an index of U.S. dollar-denominated investment-grade corporate bonds with effective maturities in 2036. Unlike a traditional bond fund that holds bonds indefinitely, it has a set termination date.

As the bonds in the portfolio mature during its final year, the fund moves into cash-like holdings and then liquidates, distributing the proceeds to shareholders. This structure lets investors build bond ladders with features similar to holding individual bonds. The fund is sponsored by Invesco and trades on Nasdaq.