---
ticker: "BSMQ"
name: "Invesco BulletShares 2026 Municipal Bond ETF"
url: "https://etf.net/etf/BSMQ"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "16 of 32"
methodology: "https://etf.net/methodology"
---

# BSMQ: Invesco BulletShares 2026 Municipal Bond ETF

Grade **C**, Score 52 of 100. Rank 16 of 32 in Defined-Maturity Municipal.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 45 | 10 of 32 |
| Mission | Not scored | — |
| Risk | 71 | 4 of 29 |
| Tradability | 63 | 8 of 32 |
| Holdings | 23 | 30 of 32 |
| Durability | 77 | 5 of 32 |

## Top holdings

The fund holds 1033 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Equivalents | 24.40% |
| 2 | — | Idaho Health Facilities Authority 1.50% 03/01/2048 | 1.32% |
| 3 | — | New York City Municipal Water Finance Authority 1.40% 06/15/2043 | 0.98% |
| 4 | — | USD Pending Dividends | 0.72% |
| 5 | — | Charlotte-Mecklenburg Hospital Authority/The 1.40% 01/15/2048 | 0.71% |
| 6 | — | New Jersey Health Care Facilities Financing Authority 2.70% 07/01/2043 | 0.54% |
| 7 | — | Connecticut Housing Finance Authority 2.80% 11/15/2050 | 0.52% |
| 8 | — | Charlotte-Mecklenburg Hospital Authority/The 1.40% 01/15/2048 | 0.50% |
| 9 | — | Public Building Authority of Blount County Tennessee/The 1.50% 06/01/2034 | 0.46% |
| 10 | — | Metropolitan Water Reclamation District of Greater Chicago 5.00% 12/01/2026 | 0.42% |
| 11 | — | Metropolitan Transportation Authority 1.40% 11/01/2032 | 0.42% |
| 12 | — | Illinois State Toll Highway Authority 5.00% 01/01/2040 | 0.41% |
| 13 | — | County of Utah UT 1.35% 05/15/2058 | 0.40% |
| 14 | — | Charlotte-Mecklenburg Hospital Authority/The 1.40% 01/15/2038 | 0.40% |
| 15 | — | City of Columbus OH Sewerage Revenue 5.00% 06/01/2032 | 0.39% |
| 16 | — | Metropolitan Transportation Authority Dedicated Tax Fund 5.00% 11/15/2036 | 0.39% |
| 17 | — | Health & Educational Facilities Authority of the State of Missouri 2.85% 05/15/2038 | 0.38% |
| 18 | — | Illinois Finance Authority 2.85% 05/01/2048 | 0.38% |
| 19 | — | New York City Transitional Finance Authority Future Tax Secured Revenue 2.85% 02/01/2044 | 0.38% |
| 20 | — | Chelan County Public Utility District No 1 2.75% 07/01/2032 | 0.38% |
| 21 | — | Orange County Health Facilities Authority 2.85% 01/01/2039 | 0.38% |
| 22 | — | Harris County Cultural Education Facilities Finance Corp 1.40% 10/01/2041 | 0.38% |
| 23 | — | Public Building Authority of Sevier County TN/The 1.50% 06/01/2034 | 0.38% |
| 24 | — | Rhode Island Health and Educational Building Corp 2.80% 11/15/2038 | 0.38% |
| 25 | — | Montgomery County Housing Opportunities Commission 2.85% 01/01/2049 | 0.38% |
| 26 | — | Philadelphia Gas Works Co 2.85% 08/01/2031 | 0.38% |
| 27 | — | Colorado Housing and Finance Authority 2.85% 05/01/2031 | 0.38% |
| 28 | — | New Jersey Health Care Facilities Financing Authority 2.85% 07/01/2043 | 0.38% |
| 29 | — | Massachusetts Development Finance Agency 1.30% 03/01/2048 | 0.38% |
| 30 | — | Tarrant County Cultural Education Facilities Finance Corp 1.30% 10/01/2041 | 0.38% |

Source: etf.net, https://etf.net/etf/BSMQ. Please cite the page URL.