BSMQ

Invesco BulletShares 2026 Municipal Bond ETF

$23.66

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) seeks to provide investment results that generally correspond to the performance of the Invesco BulletShares 2026 Municipal Bond Index.

Overview

ETF tracking Invesco BulletShares 2026 Municipal Bond ETF

Category Municipal Bonds

Issuer Invesco

Inception Date 2019-09-25

Market Cap $291.0M

Average Volume N/A

Dividend Yield 2.32%

52-Week Range $23.20 - $23.74

VWAP $23.66

Performance

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Investment Summary

📎 Investment Objective

The Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) seeks to provide investment results that generally correspond to the performance of the Invesco BulletShares 2026 Municipal Bond Index.

🎯 Investment Strategy

The fund invests in a portfolio of municipal bonds maturing in 2026, with the goal of providing income that is generally exempt from federal income taxes. The fund's portfolio is designed to have a duration that aligns with the maturity date.

✨ Key Features

Targets municipal bonds maturing in 2026, providing exposure to a defined maturity date
Seeks to provide federal tax-exempt income through investment in municipal bonds
Passively managed to track the Invesco BulletShares 2026 Municipal Bond Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: The municipal bond market may experience periods of lower liquidity, which could affect the fund's ability to sell its holdings
Concentration risk: The fund's focus on a single maturity year may make it more volatile than a more diversified municipal bond fund

👤 Best For

This ETF may be suitable for investors seeking federal tax-exempt income and exposure to a defined-maturity municipal bond portfolio. It may be particularly attractive for investors with a time horizon aligned with the 2026 maturity date. However, investors should carefully consider the risks associated with the fund's concentration and interest rate sensitivity.