Invesco BulletShares 2026 Municipal Bond ETF

Frequently Asked Questions About BSMQ

What does BSMQ invest in?

The Invesco BulletShares 2026 Municipal Bond ETF is an exchange-traded fund engineered to mirror the performance of the Invesco BulletShares USD Municipal Bond 2026 Index. This fund allocates a minimum of 80% of its total capital to municipal bonds included in this benchmark index. The index itself endeavors to measure the returns of a collection of US dollar-denominated debt instruments issued by various state, state agency, or local governments within the United States, all possessing effective maturity dates in 2026. Rather than holding every security from the index, the fund adopts a "sampling" approach to fulfill its investment objectives. Both the fund's holdings and the index undergo monthly adjustments. With a predetermined maturity in 2026, this fund is scheduled to liquidate its assets and terminate operations around December 15th of that year. For comprehensive details, please refer to the prospectus.

What is the expense ratio of BSMQ?

Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is BSMQ's dividend yield?

BSMQ's trailing-twelve-month yield is 2.77%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BSMQ?

Effective duration measures BSMQ's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BSMQ's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BSMQ?

BSMQ's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BSMQ?

Yield to maturity (YTM) is the total return you'd earn from BSMQ if every bond in the portfolio is held to maturity at the current price. BSMQ's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.