Description

The Invesco BulletShares 2031 Corporate Bond ETF (the Fund) is an investment vehicle designed to track the performance of the Invesco BulletShares Corporate Bond 2031 Index. The Fund commits a minimum of 80% of its total assets to corporate bonds that are part of this index. The underlying Index itself measures the performance of US dollar-denominated, investment-grade corporate bonds, all of which have effective maturities in 2031. To achieve its objectives, the Fund utilizes a "sampling" methodology rather than acquiring every security present in the Index. Both the Fund and its corresponding Index undergo monthly rebalancing. With a targeted maturity year of 2031, the Fund is slated to terminate around December 15, 2031. For comprehensive information, please consult the prospectus. It should also be noted that as of January 1, 2024, the underlying index's name was updated from the Nasdaq BulletShares USD Corporate Bond 2031 Index to its current form, the Invesco BulletShares Corporate Bond 2031 Index.