BSMR Profile
The Invesco BulletShares 2027 Municipal Bond ETF is strategically designed to provide investors with focused exposure to a portfolio of U.S. dollar-denominated, investment-grade municipal bonds, specifically those set to mature in the year 2027. The fund allocates at least 80% of its total assets to the securities that comprise its underlying index. This index tracks the performance of municipal bonds with maturities or effective maturities in 2027, collectively termed 2027 Bonds.
The municipal bonds included in the ETF are issued by various state and local government entities and offer the benefit of tax-exempt income. These bonds are selected based on their investment-grade ratings, ensuring a high level of credit quality and minimizing the risk of default. By concentrating on bonds maturing in 2027, the fund aims to deliver a reliable income stream and principal repayment, catering to investors with a fixed investment horizon.
As a non-diversified fund, the Invesco BulletShares 2027 Municipal Bond ETF maintains a concentrated portfolio focused on bonds maturing in 2027. This targeted approach aligns with the funds objective to offer a precise investment strategy, providing investors with a clear and structured income plan. However, the concentration may expose the fund to specific market risks associated with the performance of bonds maturing in 2027 and fluctuations within the municipal bond market.
Overall, the Invesco BulletShares 2027 Municipal Bond ETF is tailored for investors seeking a structured, tax-efficient fixed-income investment with a defined maturity. By focusing on high-quality, investment-grade municipal bonds set to mature in 2027, the fund provides a stable income stream and predictable end date for bond investments. This approach is ideal for investors looking to align their fixed-income portfolio with a specific future maturity while benefiting from tax-advantaged income.
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