Invesco BulletShares 2030 Municipal Bond ETF

Frequently Asked Questions About BSMU

What does BSMU invest in?

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is designed to mirror the performance of the Invesco BulletShares USD Municipal Bond 2030 Index. The Fund commits a minimum of 80% of its total assets to municipal bonds that are part of this benchmark. The underlying index itself tracks a portfolio of municipal securities denominated in U.S. dollars, issued by U.S. states, their agencies, or local governments, all having an effective maturity date in 2030. Instead of holding every single security in the index, the Fund employs a "sampling" methodology to achieve its investment objectives. Both the ETF and its corresponding index undergo monthly rebalancing. This Fund has a designated maturity in 2030 and is slated to terminate around December 15th of that same year. For complete information, please refer to the prospectus.

What is the expense ratio of BSMU?

Invesco BulletShares 2030 Municipal Bond ETF (BSMU) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is BSMU's dividend yield?

BSMU's trailing-twelve-month yield is 2.82%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BSMU?

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

What is the credit quality of BSMU?

BSMU'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 BSMU?

Yield to maturity (YTM) is the total return you'd earn from BSMU if every bond in the portfolio is held to maturity at the current price. BSMU'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.