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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco BulletShares 2026 Municipal Bond ETF

BSMQ | ETF

$23.59

$176 M

2.82%

$0.67

0.18%

Vitals

YTD Return

1.8%

1 yr return

3.7%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

0.8%

Net Assets

$176 M

Holdings in Top 10

7.5%

52 WEEK LOW AND HIGH

$23.6
$23.36
$23.77

Expenses

OPERATING FEES

Expense Ratio 0.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco BulletShares 2026 Municipal Bond ETF

BSMQ | ETF

$23.59

$176 M

2.82%

$0.67

0.18%

BSMQ - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco BulletShares 2026 Municipal Bond ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Sep 25, 2019
  • Shares Outstanding
    1500001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index.
The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).
The Underlying Index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2026 (collectively, “2026 Bonds”). Certain bonds in which the Fund may invest may contain embedded issuer call options. An embedded issuer call option means that the bond’s issuer has the right to redeem a bond prior to its designated maturity date. Accordingly, the effective maturity date of a bond reflects an assessment of when that bond is likely to be called by the issuer, or in the alternate, the bond’s stated maturity date (if it is not called by the issuer). With respect to establishing the effective maturity of a bond, the effective maturity is the actual year of maturity (i) if no embedded issuer call option exists for a bond; (ii) if a bond contains an embedded issuer call option, with the first call date within 13 months of maturity and a par call
price; and (iii) unless the yield to next call date is less than the yield to maturity, in which case the bond’s effective maturity is deemed to be the year of the next call date. The effective maturity of eligible pre-refunded municipal bonds with a known pre-refunded date shall be the year of the pre-refunded date.
In selecting components for inclusion in the Underlying Index, the Index Provider begins with an investment universe of U.S. dollar-denominated bonds issued by U.S. states, state agencies, territories and possessions of the United States, the District of Columbia or local governments. To be eligible for inclusion in the Underlying Index, bonds must (i) be 2026 Bonds (i.e., will mature or will have an effective maturity in the year 2026); (ii) be exempt from federal income tax; (iii) pay fixed amounts of interest; (iv) be rated at least BBB- by S&P Global Ratings, a division of S&P Global Inc. (“S&P”), or Fitch Ratings Inc. (“Fitch”), or at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”); and (v) have at least $15 million in face value outstanding (current Underlying Index components require 80% of the initial minimum face value qualification to remain eligible (e.g., $12 million in face value outstanding)). The eligible universe may include callable, puttable, and pre-refunded bonds.
2026 Bonds selected for inclusion in the Underlying Index are market value weighted, with a 5% limit on individual issuers applied at each monthly rebalance prior to the final maturing year of the Underlying Index. Bonds held by the Fund generally will be held until they mature, are called or no longer meet the eligibility requirements of the Underlying Index and are removed from the Underlying Index.
As of October 31, 2023, the Underlying Index was comprised of 3,310constituents.
The Fund will terminate on or about December 15, 2026 without requiring additional approval by the Board of Trustees (the “Board”) of Invesco Exchange-Traded Self-Indexed Fund Trust (the “Trust”) or Fund shareholders, although the Board may change the termination date. In connection with the termination of the Fund, the Fund will make a cash distribution of its net assets to then-current shareholders after making appropriate provisions for any liabilities of the Fund. The Fund does not seek to distribute any predetermined amount of cash at maturity. During the maturing year of the Underlying Index (i.e., 2026), no new constituents are added and the Underlying Index does not rebalance. In the last twelve months of operation, when the 2026 Bonds held by the Fund mature or are called, the proceeds are not reinvested in 2026 Bonds. Instead, the Fund will invest such proceeds in any combination of variable rate demand obligations (“VRDOs”), certain derivatives (i.e., exchange-traded futures on fixed-income securities, fixed-income security indices, interest rates and currencies; exchange-traded and over-the-counter (“OTC”) options on fixed-income securities, interest rates, currencies, interest rate futures contracts, and fixed-income security indices; exchange-traded and OTC interest rate and inflation swaps; and OTC total return swaps and forwards on fixed-income securities, fixed-income security indices, and fixed-income security futures), exchange-traded funds (“ETFs”), including affiliated ETFs, affiliated money market funds, cash or cash equivalents and investment-grade short-term commercial paper, as well as municipal bonds not included in the Underlying Index, but which the Adviser believes will help the Fund track the Underlying Index.
The Fund should not be confused with a target date fund, which has assets that are managed according to a particular glidepath that illustrates how its investment strategy becomes increasingly conservative over time.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
Read More

BSMQ - Performance

Return Ranking - Trailing

Period BSMQ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 12.8% 95.19%
1 Yr 3.7% 2.5% 15.6% 95.72%
3 Yr -0.8%* -8.2% 4.0% 92.47%
5 Yr 0.8%* -6.5% 5.9% 98.16%
10 Yr N/A* 1.7% 5.2% 23.28%

* Annualized

Return Ranking - Calendar

Period BSMQ Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -9.8% 12.8% 92.47%
2022 -9.1% -38.3% -3.8% 10.75%
2021 -0.1% -9.1% 10.3% 40.76%
2020 3.6% -13.4% 12.6% 88.96%
2019 N/A -1.1% 13.9% N/A

Total Return Ranking - Trailing

Period BSMQ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 12.8% 95.19%
1 Yr 3.7% 2.5% 15.6% 95.72%
3 Yr -0.8%* -8.2% 4.0% 92.47%
5 Yr 0.8%* -6.5% 5.9% 98.16%
10 Yr N/A* 1.7% 5.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BSMQ Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -9.8% 15.4% 94.62%
2022 -7.6% -16.9% -2.9% 16.67%
2021 1.0% -3.8% 10.3% 80.43%
2020 5.3% -13.4% 16.6% 90.80%
2019 N/A 4.7% 25.2% N/A

BSMQ - Holdings

Concentration Analysis

BSMQ Category Low Category High BSMQ % Rank
Net Assets 176 M 3.58 M 35.6 B 58.82%
Number of Holdings 1478 2 1478 0.53%
Net Assets in Top 10 16 M 2.94 M 35.5 B 90.37%
Weighting of Top 10 7.45% 4.6% 124.2% 95.53%

Top 10 Holdings

  1. City of New York NY, Series 2017, GO Bonds 0.97%
  2. California (State of), Series 2018, GO Bonds 0.97%
  3. Denver City County School District No. 1, Series 2017, GO Bonds 0.76%
  4. Colorado (State of), Series 2021 A, COP 0.76%
  5. State of Maryland Department of Transportation, Series 2019, RB 0.73%
  6. State of Wisconsin, Series 2016, GO Bonds 0.72%
  7. Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute), Series 2016, RB 0.71%
  8. California State Public Works Board, Series 2022, RB 0.62%
  9. California (State of), Series 2018, GO Bonds 0.62%
  10. Minnesota Public Facilities Authority State Revolving Fund, Series 2016, RB 0.60%

Asset Allocation

Weighting Return Low Return High BSMQ % Rank
Bonds 		97.28% 0.00% 109.30% 16.04%
Cash 		2.72% -24.70% 53.61% 41.18%
Stocks 		0.00% 0.00% 100.15% 82.35%
Preferred Stocks 		0.00% 0.00% 11.70% 49.73%
Other 		0.00% 0.00% 5.62% 58.82%
Convertible Bonds 		0.00% 0.00% 6.56% 89.30%

Bond Sector Breakdown

Weighting Return Low Return High BSMQ % Rank
Municipal 		98.70% 0.00% 99.98% 3.21%
Derivative 		0.00% 0.00% 0.17% 57.22%
Cash & Equivalents 		0.00% 0.00% 80.50% 84.49%
Securitized 		0.00% 0.00% 81.91% 87.17%
Corporate 		0.00% 0.00% 99.84% 92.51%
Government 		0.00% 0.00% 99.79% 90.37%

Bond Geographic Breakdown

Weighting Return Low Return High BSMQ % Rank
US 		97.28% 0.00% 109.30% 16.04%
Non US 		0.00% 0.00% 4.29% 53.48%

BSMQ - Expenses

Operational Fees

BSMQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.05% 13.27% 76.88%
Management Fee 0.18% 0.00% 0.79% 56.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

BSMQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BSMQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BSMQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 121.26% 4.20%

BSMQ - Distributions

Dividend Yield Analysis

BSMQ Category Low Category High BSMQ % Rank
Dividend Yield 2.82% 0.00% 9.37% 68.98%

Dividend Distribution Analysis

BSMQ Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BSMQ Category Low Category High BSMQ % Rank
Net Income Ratio 1.22% -0.06% 5.71% 75.43%

Capital Gain Distribution Analysis

BSMQ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Distributions History

View More +

BSMQ - Fund Manager Analysis

Managers

Peter Hubbard

Start Date

Tenure

Tenure Rank

Sep 25, 2019

2.68

2.7%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Philip Fang

Start Date

Tenure

Tenure Rank

Sep 25, 2019

2.68

2.7%

Philip Fang is Portfolio Manager of Invesco Capital Management LLC, has been responsible for certain Funds in the Trust since July 2010 and has been associated with Invesco Capital Management since 2007.

Jeremy Neisewander

Start Date

Tenure

Tenure Rank

Sep 25, 2019

2.68

2.7%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Greg Meisenger

Start Date

Tenure

Tenure Rank

Sep 25, 2019

2.68

2.7%

Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.48 3.75

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