Description

The Invesco BulletShares 2031 Municipal Bond ETF aims to mirror the performance of the Invesco BulletShares USD Municipal Bond 2031 Index. This fund commits at least 80% of its total assets to municipal bonds that are included in its underlying index. The index itself measures the returns of US dollar-denominated municipal securities, issued by various US governmental bodies such as states, their agencies, or local governments, all of which are slated to mature in 2031. Instead of acquiring every single security in the index, the fund utilizes a "sampling" methodology to achieve its investment objectives. Both the fund and the index undergo monthly rebalancing. The fund has a designated maturity year of 2031 and is scheduled to terminate around December 15, 2031. Further details are available in the prospectus.