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BSMV
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Invesco BulletShares 2031 Municipal Bond ETF (BSMV)

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$20.74
Last Close (24-hour delay)
Profit since last BUY1.07%
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Consider higher Upturn Star rating
BUY since 37 days
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Upturn Advisory Summary

08/14/2025: BSMV (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit -1.01%
Avg. Invested days 33
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Volume (30-day avg) -
Beta 1.18
52 Weeks Range 19.58 - 21.08
Updated Date 06/29/2025
52 Weeks Range 19.58 - 21.08
Updated Date 06/29/2025

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Invesco BulletShares 2031 Municipal Bond ETF

stock logo

ETF Overview

overview logo Overview

The Invesco BulletShares 2031 Municipal Bond ETF (BSAL) is designed to provide investors with exposure to a portfolio of U.S. municipal bonds with a target maturity date of 2031. It offers a defined maturity strategy, aiming to provide a predictable income stream and return of principal at the target date. The fund invests primarily in investment-grade municipal bonds.

reliability logo Reputation and Reliability

Invesco is a well-established global investment management firm with a strong reputation. They are known for their diverse ETF offerings and experience in managing fixed-income products.

reliability logo Management Expertise

Invesco has a dedicated team of portfolio managers and analysts with expertise in municipal bond markets. Their experience is crucial for navigating the complexities of the municipal bond landscape.

Investment Objective

overview logo Goal

To seek to provide investment results that correspond to the price and yield performance of the S&P AMT-Free Municipal Series 2031 Index.

Investment Approach and Strategy

Strategy: The ETF aims to replicate the performance of the S&P AMT-Free Municipal Series 2031 Index by investing in a portfolio of U.S. municipal bonds maturing in or close to 2031.

Composition The ETF primarily holds investment-grade municipal bonds. It focuses on bonds that are exempt from federal income tax.

Market Position

Market Share: The exact market share of BSAL within the defined maturity municipal bond ETF segment fluctuates but Invesco holds a significant position.

Total Net Assets (AUM): 90960000

Competitors

overview logo Key Competitors

  • Guggenheim Target Maturity Municipal ETF (BSMT)
  • Invesco BulletShares 2030 Municipal Bond ETF (BSJM)
  • Guggenheim Target Maturity Corporate Bond ETF

Competitive Landscape

The municipal bond ETF market is competitive, with several providers offering target maturity ETFs. BSAL's competitive advantage lies in Invesco's established brand and experience. A disadvantage is the fund size when compared to some of Invesco's other offerings.

Financial Performance

Historical Performance: Historical performance data is dynamic. Please refer to current financial sources.

Benchmark Comparison: The ETF's performance is compared to the S&P AMT-Free Municipal Series 2031 Index. The success of tracking the benchmark indicates its management's efficiency.

Expense Ratio: 0.24

Liquidity

Average Trading Volume

The average trading volume of BSAL provides sufficient liquidity for most investors to buy and sell shares easily.

Bid-Ask Spread

The bid-ask spread reflects the cost of trading the ETF and can vary based on market conditions; generally, it is tight for BSAL.

Market Dynamics

Market Environment Factors

Interest rate movements, tax law changes, and the overall health of the municipal bond market significantly impact BSAL's performance.

Growth Trajectory

The growth trajectory depends on factors like investor demand for defined maturity municipal bond products and the overall interest rate environment. There are no significant changes in strategy in the short term, but there may be fluctuations in bond holdings as bonds mature and new bonds are added.

Moat and Competitive Advantages

Competitive Edge

Invesco's BulletShares ETFs offer a defined maturity strategy, allowing investors to build a bond ladder. This predictability is attractive to investors seeking a specific income stream and return of principal at a target date. BSAL provides exposure to the municipal bond market, offering tax-advantaged income. Invesco's brand recognition and established presence in the ETF market add to its competitive edge. The defined maturity structure also aids in managing interest rate risk as the portfolio duration declines as it approaches the maturity date.

Risk Analysis

Volatility

Municipal bond ETFs generally exhibit lower volatility compared to equity ETFs, but interest rate risk and credit risk are factors to consider.

Market Risk

The main risks associated with BSAL are interest rate risk (rising rates can negatively impact bond values) and credit risk (the risk that issuers may default on their obligations). Changes in tax laws could also impact demand.

Investor Profile

Ideal Investor Profile

BSAL is suitable for investors seeking a predictable income stream from municipal bonds and a return of principal at a specific maturity date. It's a good fit for those looking to build a bond ladder or manage their fixed-income exposure with a defined timeframe.

Market Risk

BSAL is generally best for long-term investors who understand fixed-income investments and are looking for a defined maturity strategy.

Summary

The Invesco BulletShares 2031 Municipal Bond ETF (BSAL) offers targeted exposure to U.S. municipal bonds maturing in 2031. Its defined maturity structure appeals to investors seeking a predictable income stream and return of capital. The ETF's performance is closely tied to the municipal bond market and interest rate environment. Invesco's brand recognition and experience in managing fixed-income products provide a competitive advantage. However, investors should be aware of the inherent risks associated with fixed-income investments such as interest rate risk and credit risk.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Invesco official website
  • ETF.com
  • Morningstar

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Invesco BulletShares 2031 Municipal Bond ETF

Exchange NASDAQ
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, "effective maturities," in the year 2031 (collectively, "2031 Bonds").