Invesco BulletShares 2027 Municipal Bond ETF
$23.29−0.02 (−0.09%)
- 0.18%
- $360M
- +1.0%
- 2.73%
- 0.1M sh
- $23.26
- low $23.12high $23.85
The ETF.net BSMR Grade
B
Score 69 out of 100
- 6 of 32
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 10 of 32Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 6 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 9 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 3 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 7 of 32
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
- 2,663
- 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.
Not enough history yet.
BSMR$10,104
Returns run to the Oct 12, 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 | +0.5% |
| 1 month | −0.6% |
| 3 months | −0.7% |
| 1 year | +1.0% |
| 3 years | +3.3% |
| 5 years | +0.5% |
| 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 | +0.5% | |
| 2025 | +3.1% | |
| 2024 | +1.5% | |
| 2023 | +4.5% | |
| 2022 | −7.6% | |
| 2021 | +1.1% | |
| 2020 | +5.0% |
BSMR in the news
BSMR Dividends
- 2.73%
- $0.64
- $0.05 per share
- Monthly
Distribution history
BSMR Risk
- 2.9%
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.
- −0.40
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.
- −11.4%
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
0.18%
BSMR0.18%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.
Other funds in Defined-Maturity Municipal
- AIBMRiShares iBonds Dec 2029 Term Muni Bond ETFExpense ratio 0.10%1 year return +0.1%
- AIBMTiShares Trust - iShares iBonds Dec 2031 Term Muni Bond ETFExpense ratio 0.10%1 year return −1.7%
- BIBMUiShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETFExpense ratio 0.10%1 year return —
- BBSMTInvesco BulletShares 2029 Municipal Bond ETFExpense ratio 0.18%1 year return −0.8%
- BIBMViShares Trust - iShares iBonds Dec 2033 Term Muni Bond ETFExpense ratio 0.10%1 year return —