Core Insights - Carmel Capital Partners has completely exited its position in the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ), liquidating 300,704 shares for approximately $5.9 million [2][6] - The move indicates a strategic shift towards longer-dated and higher-yielding corporate credit exposure, as part of a broader repositioning of Carmel's fixed-income strategy [6][7] ETF Overview - The Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) has an Assets Under Management (AUM) of $4.2 billion and was priced at $19.57 as of the market close on Friday [4][5] - The ETF has achieved a 1-year total return of 4.3% [4] Investment Strategy - BSCQ focuses on tracking an index of U.S. dollar-denominated investment-grade corporate bonds maturing in 2026, providing a defined maturity profile for investors [9] - The ETF is designed to be transparent and passively managed, primarily consisting of high-quality corporate bonds [9][12] Market Positioning - Following the sale of BSCQ, Carmel Capital Partners has increased its stakes in the Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and Eldridge's BBB B-rated Corporate Credit ETF (CLOZ), indicating a tactical shift from near-term maturities to longer-duration holdings [6][7] - This rotation suggests that as short-term ETFs like BSCQ mature, reinvestment into longer horizons can help lock in yields while balancing risk [7]