Invesco BulletShares 2023 Corporate Bond ETF
BSCN
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Sep 17, 2014
- CIK
- 0001657201
- Similar Companies
- Business
- Invesco BulletShares 2023 Corporate Bond ETF (BSCN) is an exchange-traded fund that tracks the Nasdaq BulletShares USD Corporate Bond 2023 Index, comprising U.S. dollar-denominated investment-grade corporate bonds with effective maturities in 2023; the fund invests at least 80% of its assets in index securities to deliver targeted exposure to this maturing bond ladder segment. Launched on September 17, 2014, and managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd.--founded in 1935 and headquartered in Atlanta, Georgia--BSCN serves institutional and retail investors seeking defined-maturity strategies in the fixed income asset class, with a net expense ratio of 0.10% and primary operations in North American developed markets. The ETF features holdings concentrated in cash (100% as of late 2023 post-bond maturities), monthly distributions taxed as ordinary income, and no K-1 issuance. In line with its bullet maturity design, BSCN unwound operations in December 2023, liquidating remaining assets and returning capital to shareholders at a final NAV approximating $21.12 per share, mirroring the process observed in peer BulletShares ETFs like the 2024 Corporate Bond ETF (BSCO). Post-liquidation, the fund holds minimal assets ($1.55 billion reported in legacy data) now primarily in cash equivalents, with low trading volume and no active rebalancing, reflecting its terminal phase as a broad-based investment-grade ultra-short term corporate bond vehicle. No significant partnerships, acquisitions, or new product launches directly impacted BSCN in the last 1-2 years, though Invesco Ltd. continued expanding its BulletShares lineup with launches such as 2033 maturities, underscoring ongoing innovation in target-maturity fixed income ETFs amid stable issuer operations.