Invesco BulletShares 2027 Municipal Bond ETF
$23.40−0.03 (−0.11%)
- Expense ratio
- 0.18%
- Fund size
- $358M
- 1Y return
- +1.5%
- Yield · Last 12 months
- 2.72%
- Holdings
- 2651
- Volume · 30D
- 0.1M sh
- NAV per share
- $23.37
- 52W range
The ETF.net BSMR Grade
Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 68Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 83Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on BSMR
BOne rung of a muni ladder in a single ticker: BSMR holds municipal bonds maturing in 2027, then winds itself up and pays out cash. It behaves more like a bond you hold to maturity than a perpetual bond fund.
The fund seeks to track its investment results before fees and expenses.
Why people hold it
- Defined maturity, like an actual bond: the fund is built to terminate no later than the end of its 2027 maturity year and distribute its net assets in cash to shareholders then.prnewswire.com
- One trade instead of hunting down individual muni CUSIPs: the portfolio spreads across thousands of municipal bonds and pays income monthly.
- A rung in Invesco's BulletShares suite, on the muni shelf since 2019, with sibling funds across other maturity years for anyone stacking a ladder.invesco.com
Worth knowing
- The fee is 0.18% a year, above the typical target-maturity bond ETF and above Invesco's own corporate BulletShares rungs such as BSCT and BSCU.
- In the final year, maturing bonds roll into cash and cash equivalents such as variable rate demand obligations, so the income and rate sensitivity taper toward the end.prnewswire.com
- Mid-sized and moderately traded rather than one of the muni market's heavyweights.
BSMR Holdings
- Bonds
- 2,651
- 4%
- USD Pending Dividends
BSMR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BSMR |
|---|---|
| Year to date | +1.0% |
| 1 month | −0.7% |
| 3 months | −0.3% |
| 1 year | +1.5% |
| 3 years | +3.3% |
| 5 years | +0.4% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BSMR |
|---|---|---|
| 2026 YTD | +1.0% | |
| 2025 | +3.1% | |
| 2024 | +1.5% | |
| 2023 | +4.5% | |
| 2022 | −7.6% | |
| 2021 | +1.1% | |
| 2020 | +5.0% |
BSMR in the news
ETF.net Research hasn’t filed on BSMR yet — coverage lands here as it’s written.
BSMR Dividends
- 2.72%
- $0.64
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.05 |
| Aug 24, 2026 | Aug 28, 2026 | $0.05 |
| Jul 20, 2026 | Jul 24, 2026 | $0.05 |
| Jun 22, 2026 | Jun 26, 2026 | $0.05 |
| May 18, 2026 | May 22, 2026 | $0.06 |
| Apr 20, 2026 | Apr 24, 2026 | $0.05 |
| Mar 23, 2026 | Mar 27, 2026 | $0.05 |
| Feb 23, 2026 | Feb 27, 2026 | $0.05 |
| Jan 20, 2026 | Jan 23, 2026 | $0.05 |
| Dec 22, 2025 | Dec 26, 2025 | $0.05 |
| Nov 24, 2025 | Nov 28, 2025 | $0.05 |
| Oct 20, 2025 | Oct 24, 2025 | $0.05 |
BSMR Risk
- 3.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.46
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.52
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMR Cost
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.