Fund Description
The Invesco BulletShares 2031 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2031 Index (Index). The Fund will invest at least 80% of its total assets in municipal 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 2031. 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 2031 and will terminate on or about Dec. 15, 2031.
Fund Profile
Fund Name Invesco BulletShares 2031 Municipal Bond ETF
Fund Exchange Ticker BSMV
Fund Sponsor Invesco
Fund ISIN US46138J4114
Net Expense Ratio 0.18 %
Fund Inception Date 15 September 2021
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 2031 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 12.84 Million (USD)
1 Month Total Return 1.09 %
Year To Date Return -14.57 %
1 Year Total Return
3 Year Annualized Total Return
NAV 21.3959
Share Outstanding 600,001
Top 10 Holdings (8 August 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Commonwealth of Massachusetts Transportation Fund Revenue BOND 0.0323563452
Nassau County Interim Finance Authority BOND 0.0265268638
State of Maryland BOND 0.0242308586
County of Cook IL BOND 0.0235478168
Los Angeles Department of Water & Power Water System Revenue BOND 0.0235135623
State of Washington BOND 0.0232476827
Snohomish County Public Utility District No 1 Electric Syste BOND 0.0228575930
State of New Jersey BOND 0.0225922235