BSMW Profile
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2032 Municipal Bond ETF is a targeted fixed-income investment vehicle launched and managed by Invesco Capital Management LLC. The fund is designed to provide investors with exposure to a diversified portfolio of municipal bonds that are denominated in U.S. dollars and have maturities in the year 2032. This ETF is part of the Invesco BulletShares family, which focuses on providing predictable income and capital preservation through a specific maturity date.
The fund primarily invests in high-quality, investment-grade municipal bonds rated BBB- or higher by S&P and Fitch, and Baa3 or higher by Moody’s. By concentrating on investment-grade securities, the ETF aims to minimize credit risk while offering stable returns. The underlying strategy is to replicate the performance of the Invesco BulletShares Municipal Bond 2032 Index, employing a representative sampling technique to ensure that the ETF closely mirrors the index’s performance while maintaining diversification across various issuers and sectors within the municipal bond market.
Invesco BulletShares 2032 Municipal Bond ETF provides a structured approach for investors seeking to align their fixed-income investments with a specific time horizon. The ETF's design allows for a predictable income stream and capital return upon maturity, making it suitable for investors with future cash flow needs in mind. This structure also helps investors to mitigate interest rate risk by holding bonds that mature at a specific date.
Domiciled in the United States, the fund offers a strategic option for those looking to invest in municipal bonds while benefiting from Invesco's robust management and expertise in fixed-income investments. The ETF's focus on a defined maturity date, combined with its investment-grade quality criteria, aims to deliver reliable performance and income, fitting well within a diversified fixed-income portfolio.
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