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Invesco BulletShares 2031 Municipal Bond ETF (BSMV)



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Upturn Advisory Summary
08/14/2025: BSMV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
Invesco BulletShares 2031 Municipal Bond ETF
ETF Overview
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.
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.
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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").

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