BSMZ Invesco BulletShares 2035 Municipal Bond ETF

About this ETF

Invesco BulletShares 2035 Municipal Bond ETF is a fixed income exchange-traded fund structured as an open-ended fund and managed utilizing a passive strategy. Its primary objective is to track the performance of the Invesco BulletShares Municipal Bond 2035 Index, providing exposure to investment-grade municipal bonds issued by U.S. state and local authorities, all with maturities in the year 2035. This ETF employs a 'bullet maturity' approach, meaning it is designed to terminate in its target year, aligning with investors seeking predictable liquidity based on a set time horizon. The fund uses a market value weighting scheme and selects bonds specifically by their maturity, focusing on long-term municipal securities. With an emphasis on distributing income and potential capital gains tax treatment, this ETF serves as a tool for those aiming to plan for future liabilities or specific cash flow needs while benefiting from the historically favorable credit profile of municipal issuers. Its role in the market is to offer targeted duration risk and tax-efficient income for institutional and individual investors building ladders or managing timelines for future expenditure.