Industry description
The investment seeks to track the investment results (before fees and expenses) of the Invesco BulletShares® Municipal Bond 2027 Index.
The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. 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 2027 (collectively, “2027 Bonds”).