BSMW

Invesco BulletShares 2032 Municipal Bond ETF

$25.20

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Invesco BulletShares 2032 Municipal Bond ETF (BSMW) seeks to provide income that is generally exempt from federal income tax by investing in a portfolio of municipal bonds maturing in 2032.

Overview

ETF tracking Invesco BulletShares 2032 Municipal Bond ETF

Category Municipal Bonds

Issuer Invesco

Inception Date 2023-03-01

Market Cap $121.0M

Average Volume N/A

Dividend Yield 2.72%

52-Week Range $23.75 - $25.66

VWAP $25.21

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Invesco BulletShares 2032 Municipal Bond ETF (BSMW) seeks to provide income that is generally exempt from federal income tax by investing in a portfolio of municipal bonds maturing in 2032.

🎯 Investment Strategy

The fund invests in a portfolio of municipal bonds with a target maturity date of December 15, 2032. The portfolio is actively managed to maintain a duration that is consistent with the target maturity. As the bonds in the portfolio mature, the proceeds are reinvested to maintain the target maturity.

✨ Key Features

Targets municipal bonds maturing in 2032 to provide tax-exempt income
Actively managed portfolio to maintain consistent duration and maturity
Diversified exposure to municipal bonds across various issuers and sectors
Designed as a buy-and-hold investment with a defined maturity date

⚠️ Primary Risks

Interest rate risk as bond prices decline when interest rates rise
Credit risk if municipal bond issuers default on their debt obligations
Liquidity risk if the market for municipal bonds becomes illiquid
Reinvestment risk as proceeds from maturing bonds may need to be reinvested at lower yields

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and a defined maturity date, with a medium-term investment horizon and moderate risk tolerance. It may be particularly appealing to investors in higher tax brackets who are looking to minimize their tax liability.