# Invesco BulletShares 2026 Municipal Bond ETF (BSMQ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bsmq for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2019-09-25 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 "s... ## Key Facts | Metric | Value | |---|---| | Price | $23.47 | | Expense Ratio | 0.18% | | Assets Under Management | $253.9M | | NAV | $23.51 | | Holdings Count | 1007 | | Distribution Yield (TTM) | 2.76% | | Annual Distribution (TTM) | $0.65 /share | | Distribution Frequency | Monthly | | 52-Week Range | $23.33 – $23.75 | | Beta | 0.37 | ## Latest Distribution - Amount: $0.0531 /share - Ex-date: 2026-10-19 - Pay date: 2026-10-23 ## Frequently Asked Questions ### 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 2.76%, 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. ### Does BSMQ pay a dividend? Yes, Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) distributes dividends to shareholders. The trailing-twelve-month yield is 2.76%. Full dividend history is on this page. ### How often does BSMQ pay dividends? Invesco BulletShares 2026 Municipal Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is BSMQ's next ex-dividend date? The most recently announced ex-dividend date for BSMQ was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BSMQ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.18% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BSMQ charge its expense ratio? The expense ratio is deducted in tiny daily slices from BSMQ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BSMQ cost more than a fund like VOO? BSMQ is a passive index fund (current expense ratio 0.18%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to BSMQ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BSMQ (0.18%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bsmq - Distribution history: https://www.dividenddata.com/funds/bsmq/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bsmq/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bsmq/expenses - Peer comparison: https://www.dividenddata.com/funds/bsmq/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.