Invesco BulletShares 2026 Municipal Bond ETF
$23.45+0.04 (+0.15%)
- 0.18%
- $260M
- +1.8%
- 2.76%
- 0.1M sh
- $23.47
- low $23.33high $23.75
The ETF.net BSMQ Grade
C
Score 52 out of 100
- 16 of 32
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 10 of 32Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 4 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 8 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F23 out of 100Rank 30 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 5 of 32
Our read on BSMQ
COne rung of a muni ladder in a single ticker: roughly 1,200 investment-grade municipal bonds, monthly distributions, and a built-in end date, with the fund set to terminate on or about Dec. 15, 2026 and pay out its net assets in cash.
The fund seeks to track the Invesco BulletShares Municipal Bond 2026 Index by investing at least 80% of total assets in its municipal bonds. The portfolio is designed to mature in 2026 and terminate around December 15, 2026.
Why people hold it
- It finishes like a bond. Invesco designed the portfolio to mature in 2026 and terminate on or about Dec. 15, 2026, paying shareholders a cash distribution of net assets.invesco.cominvesco.com
- Wide net for a dated rung: roughly 1,200 municipal bonds, sampled from the index rather than bought one by one, with fund and index rebalanced monthly.invesco.com
- The index holds investment-grade municipal debt whose interest is generally exempt from federal income tax, and BulletShares funds typically distribute monthly.invesco.cometfstrategy.com
- Duration falls as the termination date nears, so rate moves push the price around less late in the fund's life than early on.invesco.com
Worth knowing
- No set payout at the end. Invesco states the funds do not seek to return any predetermined amount at maturity, so the final cash distribution is whatever net assets are worth then.invesco.com
- In the last six months of the maturity year, bonds are expected to mature or be called and proceeds sit in cash or T-bills, so the muni profile fades before termination.invesco.com
- Fee is 0.18%, level with the target-maturity muni median, while the iShares iBonds muni rungs (IBMO, IBMP) list at 0.10%.
BSMQ Holdings
- Bonds
- 1,033
- 31%
- Cash & Equivalents
BSMQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
BSMQ$10,176
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BSMQ |
|---|---|
| Year to date | +1.1% |
| 1 month | −0.2% |
| 3 months | 0.0% |
| 1 year | +1.8% |
| 3 years | +3.3% |
| 5 years | +0.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BSMQ |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +3.1% | |
| 2024 | +2.0% | |
| 2023 | +3.6% | |
| 2022 | −7.6% | |
| 2021 | +1.1% | |
| 2020 | +5.3% |
BSMQ in the news
BSMQ Dividends
- 2.76%
- $0.65
- $0.05 per share
- Monthly
Distribution history
BSMQ Risk
- 2.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.50
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMQ Cost
0.18%
BSMQ0.18%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.
Other funds in Defined-Maturity Municipal
- CBSMSInvesco BulletShares 2028 Municipal Bond ETFExpense ratio 0.18%1 year return +0.3%
- CBSMUInvesco BulletShares 2030 Municipal Bond ETFExpense ratio 0.18%1 year return −1.7%
- CBSMYInvesco BulletShares 2034 Municipal Bond ETFExpense ratio 0.18%1 year return −3.1%
- CBSMWInvesco BulletShares 2032 Municipal Bond ETFExpense ratio 0.18%1 year return −2.4%
- CBSSXInvesco BulletShares 2033 Municipal Bond ETFExpense ratio 0.18%1 year return −2.4%