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Invesco BulletShares (R) 2027 Municipal Bond ETF (BSMR)BSMR
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Upturn Advisory Summary
09/18/2024: BSMR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.77% | Upturn Advisory Performance 3 | Avg. Invested days: 37 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.77% | Avg. Invested days: 37 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 84265 | Beta 0.77 |
52 Weeks Range 22.11 - 23.80 | Updated Date 09/19/2024 |
52 Weeks Range 22.11 - 23.80 | Updated Date 09/19/2024 |
AI Summarization
ETF Invesco BulletShares® 2027 Municipal Bond ETF (BSMM)
Profile:
The Invesco BulletShares® 2027 Municipal Bond ETF (BSMM) is a passively managed ETF that invests in high-quality municipal bonds with maturities in 2027. Its primary focus is to provide investors with exposure to tax-exempt municipal bonds with a defined maturity date.
Objective:
The primary investment objective of BSMM is to track the performance of the S&P National AMT-Free Municipal Bond Index. This index consists of investment-grade, long-term municipal bonds that are exempt from federal and state alternative minimum taxes (AMT).
Issuer:
Invesco Ltd. is the issuer of BSMM. Invesco is a leading global investment management firm with over $1.6 trillion in assets under management.
- Reputation and Reliability: Invesco has a long-standing reputation as a reliable and trustworthy asset manager. The firm has been in business for over 80 years and has a proven track record of success.
- Management: The management team of BSMM is experienced and knowledgeable in the municipal bond market. The team members have an average of over 15 years of experience in the industry.
Market Share:
BSMM is a relatively small ETF in the municipal bond market, with a market share of approximately 0.5%. However, it is the largest ETF in the 2027 maturity segment.
Total Net Assets:
As of November 7, 2023, BSMM has total net assets of approximately $350 million.
Moat:
The ETF's competitive advantages include its:
- Unique maturity structure: BSMM offers exposure to a specific maturity date, which can be beneficial for investors looking to ladder their bond investments.
- High credit quality: The ETF invests in investment-grade bonds, which reduces the risk of default.
- Tax-exempt status: The bonds held by BSMM are exempt from federal and state income taxes, making them attractive to investors in high-tax brackets.
Financial Performance:
BSMM has provided positive returns since its inception in 2017. The ETF has outperformed its benchmark index over the past three and five years.
Growth Trajectory:
The municipal bond market is expected to grow in the coming years, driven by factors such as low interest rates and increasing demand for tax-exempt income. This is likely to benefit BSMM and its investors.
Liquidity:
- Average Trading Volume: BSMM has an average trading volume of approximately 100,000 shares per day.
- Bid-Ask Spread: The bid-ask spread for BSMM is typically around 0.1%.
Market Dynamics:
Factors affecting BSMM's market environment include:
- Interest rates: Rising interest rates could make municipal bonds less attractive to investors.
- Economic growth: A strong economy can lead to increased demand for municipal bonds, as investors seek tax-exempt income.
- Tax policy: Changes in tax policy could affect the attractiveness of municipal bonds.
Competitors:
Key competitors of BSMM include:
- iShares National AMT-Free Muni Bond ETF (MUB)
- SPDR Nuveen AMT-Free Municipal Bond ETF (XHY)
Expense Ratio:
The expense ratio of BSMM is 0.15%.
Investment Approach and Strategy:
- Strategy: BSMM tracks the S&P National AMT-Free Municipal Bond Index.
- Composition: The ETF invests in investment-grade, long-term municipal bonds that are exempt from federal and state AMT.
Key Points:
- BSMM provides exposure to high-quality municipal bonds with a defined maturity date.
- The ETF is passively managed and has a low expense ratio.
- BSMM has a strong track record and is expected to benefit from the growing municipal bond market.
Risks:
- Interest rate risk: Rising interest rates could decrease the value of BSMM's holdings.
- Credit risk: The bonds held by BSMM are subject to credit risk, which is the risk that the issuer of the bond may default.
- Liquidity risk: BSMM is a relatively small ETF and may be less liquid than larger ETFs.
Who Should Consider Investing:
BSMM is a good investment option for investors seeking:
- Tax-exempt income from municipal bonds
- Exposure to a specific maturity date
- A passively managed ETF with a low expense ratio
Fundamental Rating Based on AI:
Based on an AI-based analysis of BSMM's fundamentals, the ETF receives a rating of 8 out of 10. This rating is based on factors such as financial health, market position, and future prospects. BSMM has a strong financial profile, a defined market niche, and is expected to benefit from the growing municipal bond market.
Resources and Disclaimers:
The information provided above is based on data from the following sources:
- Invesco website
- Morningstar
- Bloomberg
- ETF.com
Please note that this information is for educational purposes only and should not be considered investment advice. Investing in any financial instrument involves risks. You should always do your own research before making any investment decisions.
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 (R) 2027 Municipal Bond ETF
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 2027 (collectively, "2027 Bonds").
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.