Invesco BulletShares 2032 Municipal Bond ETF (NASDAQ:BSMW) operates as an exchange-traded fund aimed at providing investors with exposure to the municipal bond market, specifically targeting bonds that are expected to mature around the year 2032. By investing in a diversified portfolio of municipal bonds, primarily those that are tax-exempt, the fund seeks to deliver income that is federally tax-free for its investors. Its projects are centered around carefully selecting bonds that have the potential for income generation while aiming to return the net asset value to its investors by its maturity date in 2032. The main objective of Invesco BulletShares 2032 Municipal Bond ETF is to combine the regular income generation characteristic of bonds with the liquidity and flexibility offered by an ETF, catering to investors looking for tax-efficient income strategies with a specific time horizon in mind.