Invesco BulletShares 2026 Municipal Bond ETF
BSMQ
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Sep 26, 2019
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is an exchange-traded fund that seeks investment results that correspond generally to the price and yield performance of the BulletShares 2026 Municipal Bond Index. The fund provides exposure to a targeted-maturity portfolio of investment-grade municipal bonds issued by U.S. states, municipalities, and related entities; these securities offer tax-exempt interest income, with holdings maturing in 2026 and a focus on bonds rated BBB or higher by major rating agencies. BSMQ operates within the fixed-income segment of the municipal bond market, targeting tax-sensitive investors such as individuals in high-tax brackets, financial advisors, and institutional portfolios seeking defined maturity laddering strategies; it trades on the Nasdaq exchange under the ticker BSMQ. The ETF forms part of Invesco Ltd.'s BulletShares suite, a series of 18 USD and 18 EUR-denominated target-maturity bond ETFs launched starting in 2010, designed for tactical duration management and predictable cash flows as each fund reaches its horizon year and liquidates. Invesco Ltd., founded in 1935 and headquartered in Atlanta, Georgia, manages BSMQ as a passively tracked product with an expense ratio of 0.10%; the firm oversees approximately $1.7 trillion in assets across equity, fixed income, and alternative strategies globally, with significant operations in the U.S., Europe, and Asia. BSMQ's portfolio emphasizes general obligation bonds, revenue bonds from sectors like education, healthcare, transportation, and utilities; it maintains a weighted average maturity aligning to 2026, low duration risk, and high liquidity through daily trading. Recent developments include Invesco's ongoing expansion of the BulletShares franchise, with enhanced index methodologies in 2023 to improve liquidity and yield optimization amid rising interest rates; the firm announced strategic alliances with advisors for customized laddering solutions and completed a 2024 acquisition of OppenheimerFunds assets to bolster municipal bond capabilities. In late 2025, BSMQ benefited from Invesco's launch of complementary ESG-screened municipal ETFs and a partnership with BlackRock for shared index data, aiming to capture growing demand for sustainable fixed-income products; no major reorganizations or name changes have occurred, though Invesco continues portfolio rebalancing to navigate Federal Reserve rate policies and municipal issuance trends. The fund's assets under management stand at around $500 million, reflecting steady inflows from yield-seeking investors in a post-pandemic recovery environment.