BSMT

Invesco BulletShares 2029 Municipal Bond ETF

$23.11

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Invesco BulletShares 2029 Municipal Bond ETF (BSMT) seeks to provide investment results that generally correspond to the performance of the Invesco BulletShares 2029 Municipal Bond Index.

Overview

ETF tracking Invesco BulletShares 2029 Municipal Bond ETF

Category Municipal Bonds

Issuer Invesco

Inception Date 2019-09-25

Market Cap $207.9M

Average Volume N/A

Dividend Yield 2.36%

52-Week Range $22.21 - $23.34

VWAP $23.11

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Invesco BulletShares 2029 Municipal Bond ETF (BSMT) seeks to provide investment results that generally correspond to the performance of the Invesco BulletShares 2029 Municipal Bond Index.

🎯 Investment Strategy

The fund invests in a portfolio of municipal bonds that mature in 2029, seeking to provide income that is generally exempt from federal income tax. The fund's holdings are laddered to mature at the end of the target year.

✨ Key Features

Targets municipal bonds maturing in 2029 to provide income and principal return at maturity
Diversified portfolio of investment-grade municipal bonds
Designed for investors seeking tax-exempt income with a defined maturity date
Passively managed to track the Invesco BulletShares 2029 Municipal Bond Index

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if the financial condition of municipal bond issuers deteriorates
Liquidity risk if the market for municipal bonds becomes illiquid
Tax risk if the tax-exempt status of municipal bonds is changed

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income with a defined time horizon who are willing to accept the risks associated with municipal bond investments. It could be a component of a diversified fixed-income portfolio.