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ETFs

Invesco Exchange-Traded Self-Indexed Fund Trust Invesco BulletShares 2032 Municipal Bond ETF

BSMW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 01 2023
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$407,729
AUM
$19,387,112
Associated Index
BulletShares USD Municipal Bond 2032 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
New York City Transitional Finance Authority Future Tax Secu
1.56%
n/a
New York State Dormitory Authority
1.54%
n/a
Commonwealth of Massachusetts
1.25%
n/a
New York State Dormitory Authority
1.23%
n/a
City of San Francisco CA Public Utilities Commission Water R
1.10%
n/a
State of California
1.05%
n/a
Triborough Bridge & Tunnel Authority
1.02%
n/a
Tennessee State School Bond Authority
1.02%
n/a
University of California
1.02%
n/a
Los Angeles Department of Water & Power Water System Revenue
1.02%
Invest with BSMW

What is BSMW?

The Invesco BulletShares 2032 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2032 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 municipal securities, issued by US state, state agencies, or local governments with effective maturities in 2032.

ETFs related toBSMW

ETFs correlated to BSMW include PZA, MUNI, VTEB

BSMW
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2032 Municipal Bond ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured 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
HTAB
Hartford Funds Exchange-Traded Trust - Hartford Schroders Tax Aware Bond 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

BSMW is a US Bonds ETF. The Invesco BulletShares 2032 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2032 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 municipal securities, issued by US state, state agencies, or local governments with effective maturities in 2032.

BSMW tracks the BulletShares USD Municipal Bond 2032 Index.

No, BSMW 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, BSMW 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 BSMW is -0.0235%. This is the percent change in the value of BSMW over the most recent 1-month period. The 3-month return on BSMW is -0.0441%. This is the percent change in the value of BSMW over the most recent 3-month period.

ETFs similar to BSMW include SUB, HYD, and MUB.

ETFs correlated to BSMW include PZA, MUNI, and VTEB.

ETFs that are inversely correlated to BSMW include TMV, TBT, and PST.

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.