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ETFs

Invesco Exchange-Traded Self-Indexed Fund Trust Invesco BulletShares 2029 Municipal Bond ETF

BSMT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 25 2019
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$397,407
AUM
$49,118,454
Associated Index
Invesco BulletShares USD Municipal Bond 2029 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
State of California
1.88%
n/a
District of Columbia
0.92%
n/a
New York City Transitional Finance Authority Future Tax Secu
0.90%
n/a
Commonwealth of Massachusetts Transportation Fund Revenue
0.85%
n/a
New York City Municipal Water Finance Authority
0.84%
n/a
Michigan State University
0.81%
n/a
State of California
0.80%
n/a
California Infrastructure & Economic Development Bank
0.80%
n/a
State of California
0.80%
n/a
Michigan State Building Authority
0.77%
Invest with BSMT

What is BSMT?

The Invesco BulletShares 2029 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2029 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, issued by US state, state agencies, or local governments with effective maturities in 2029. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2029 and will terminate on or about Dec. 15, 2029.

ETFs related toBSMT

ETFs correlated to BSMT include SCMB, CMF, IBMQ

BSMT
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2029 Municipal Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured 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

BSMT is a US Bonds ETF. The Invesco BulletShares 2029 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2029 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, issued by US state, state agencies, or local governments with effective maturities in 2029. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2029 and will terminate on or about Dec. 15, 2029.

BSMT tracks the Invesco BulletShares USD Municipal Bond 2029 Index.

No, BSMT 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, BSMT 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 BSMT is -0.0146%. This is the percent change in the value of BSMT over the most recent 1-month period. The 3-month return on BSMT is -0.0252%. This is the percent change in the value of BSMT over the most recent 3-month period.

The standard deviation of BSMT for the past year is 0.0491%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BSMT include HYMB, SUB, and HYD.

ETFs correlated to BSMT include SCMB, CMF, and IBMQ.

ETFs that are inversely correlated to BSMT include TTT, TBT, and TMV.

Disclaimers

*

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.