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ETFs

Invesco Exchange-Traded Self-Indexed Fund Trust Invesco BulletShares 2031 Municipal Bond ETF

BSMV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 15 2021
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$93,698
AUM
$28,369,676
Associated Index
Invesco BulletShares USD Municipal Bond 2031 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
New York State Dormitory Authority
1.69%
n/a
Triborough Bridge & Tunnel Authority
1.67%
n/a
University of California
1.38%
n/a
Commonwealth of Massachusetts Transportation Fund Revenue
1.33%
n/a
North Texas Tollway Authority
1.15%
n/a
Nassau County Interim Finance Authority
1.13%
n/a
Commonwealth of Massachusetts
1.11%
n/a
New York City Municipal Water Finance Authority
1.09%
n/a
New York City Transitional Finance Authority Future Tax Secu
1.02%
n/a
Intermountain Power Agency
1.00%
Invest with BSMV

What is BSMV?

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.

ETFs related toBSMV

ETFs correlated to BSMV include SCMB, MUB, CGMU

BSMV
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2031 Municipal Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BSMV is a US Bonds ETF. 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.

BSMV tracks the Invesco BulletShares USD Municipal Bond 2031 Index.

No, BSMV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BSMV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BSMV is -0.0215%. This is the percent change in the value of BSMV over the most recent 1-month period. The 3-month return on BSMV is -0.0398%. This is the percent change in the value of BSMV over the most recent 3-month period.

The standard deviation of BSMV for the past year is 0.0585%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BSMV include SUB, HYD, and TFI.

ETFs correlated to BSMV include SCMB, MUB, and CGMU.

ETFs that are inversely correlated to BSMV include TTT, TMV, and TBT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.