Fund Description
The Invesco BulletShares 2023 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2023 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, issued by US state, state agencies, or local governments with effective maturities in 2023. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2023 and will terminate on or about Dec. 15, 2023.
Fund Profile
Fund Name Invesco BulletShares 2023 Municipal Bond ETF
Fund Exchange Ticker BSMN
Fund Sponsor Invesco
Fund ISIN US46138J5442
Net Expense Ratio 0.18 %
Fund Inception Date 25 September 2019
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name Invesco BulletShares USD Municipal Bond 2023 Index
Index Provider Invesco Indexing
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Specific Maturity Year
Bond Currency Denomination USD
Key Statistics
Return As of Date 9 August 2022
Asset Under Management 83.13 Million (USD)
1 Month Total Return -0.01 %
Year To Date Return -1.30 %
1 Year Total Return -1.43 %
3 Year Annualized Total Return
NAV 25.1922
Share Outstanding 3,300,000
Top 10 Holdings (8 August 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
State of North Carolina BOND 0.0247084705
County of Jefferson AL BOND 0.0171711112
North Carolina Medical Care Commission BOND 0.0130206101
Wisconsin Health & Educational Facilities Authority BOND 0.0126647287
Tarrant County Cultural Education Facilities Finance Corp BOND 0.0126602966
State of Mississippi BOND 0.0126514315
Town of Davie FL BOND 0.0126092214
West Virginia Hospital Finance Authority BOND 0.0125235062
Houston Community College System BOND 0.0125167829
Commonwealth of Massachusetts BOND 0.0124816953