BSMS Profile
The Invesco BulletShares 2028 Municipal Bond ETF is designed to provide targeted exposure to a portfolio of U.S. dollar-denominated, investment-grade municipal bonds that are set to mature in the year 2028. The fund commits to investing at least 80% of its total assets in securities that align with its underlying index. This index tracks the performance of municipal bonds with maturities or effective maturities in 2028, collectively referred to as 2028 Bonds.
The municipal bonds included in this ETF are issued by various state and local governments and are selected for their investment-grade credit ratings. These bonds offer the advantage of tax-exempt income, making them an attractive option for investors seeking to minimize their tax liabilities. By focusing on bonds maturing in 2028, the fund aims to provide a consistent income stream and a predictable principal repayment date, catering to investors with a specific investment timeline.
As a non-diversified fund, the Invesco BulletShares 2028 Municipal Bond ETF holds a concentrated portfolio of bonds maturing in 2028. This focus ensures a precise investment strategy aligned with the funds goal of providing stable and predictable returns. However, this concentrated approach may expose the fund to specific risks related to the performance of 2028-maturing bonds and fluctuations in the municipal bond market.
Overall, the Invesco BulletShares 2028 Municipal Bond ETF is designed for investors seeking a structured, tax-efficient fixed-income investment with a clear maturity date. By concentrating on high-quality, investment-grade municipal bonds set to mature in 2028, the fund offers a reliable income stream and a defined end date for bond investments. This approach is ideal for those looking to align their fixed-income portfolio with a specific future date while benefiting from the tax advantages of municipal bonds.
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