Invesco BulletShares 2032 Municipal Bond ETF
BSMW
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Mar 2, 2023
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2032 Municipal Bond ETF (BSMW) is an exchange-traded fund that seeks investment results that correspond generally to the price and yield performance of the Invesco BulletShares 2032 Municipal Bond Index. The fund invests principally in a portfolio of investment-grade municipal bonds issued by U.S. states, municipalities, and other public authorities; these securities are scheduled to mature in or around 2032, providing targeted exposure to the municipal fixed-income market with a defined maturity date. It offers investors tax-exempt income potential, low relative duration risk through its laddered approach, and automatic portfolio maturation, after which the fund liquidates and returns capital to shareholders. The ETF's holdings emphasize high-quality, short- to intermediate-term municipal debt across sectors such as general obligation bonds, revenue bonds for infrastructure, education, healthcare, and transportation; specific categories include state general funds, local sales tax revenue, water and sewer revenue, and hospital revenue bonds. Invesco Ltd., the fund's sponsor and investment manager headquartered in Atlanta, Georgia since its founding in 1935 (with roots tracing back to 1978), oversees a broad range of ETFs, mutual funds, and institutional strategies globally across North America, Europe, and Asia-Pacific. BSMW targets tax-sensitive investors, financial advisors, and institutions seeking municipal bond exposure with a bullet-maturity strategy within the broader fixed-income segment. Recent developments include the ongoing expansion of the BulletShares suite with enhanced liquidity provisions and index rebalancing to incorporate newly issued 2032-maturity municipals amid fluctuating interest rates; in 2024, Invesco announced strategic enhancements to its fixed-income ETF offerings, including improved tax-efficiency features and integration with model portfolio solutions for RIAs. No major acquisitions or funding rounds specific to BSMW have occurred in the last two years, but Invesco completed the acquisition of OppenheimerFunds in 2019 (fully integrated by 2021), bolstering its municipal bond capabilities, and launched complementary BulletShares products targeting corporate and high-yield bonds. The fund maintains operations primarily in the U.S. market, with no notable reorganizations or name changes reported as of late 2025.