Invesco BulletShares 2027 Municipal Bond ETF
$23.55+0.03 (+0.13%)
- 0.18%
- $373M
- +2.2%
- 2.73%
- 75.9K sh
- low $23.12high $23.85
The ETF.net BSMR Grade
B
Score 66 out of 100
- 8 of 32
Score 66 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.B59 out of 100Rank 7 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 18 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 4 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A74 out of 100Rank 7 of 32
Our read on BSMR
In short
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.
Stated mandate
The fund seeks to track its investment results before fees and expenses.
Why people hold it
Worth knowing
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$10,216
Returns run to the Oct 30, 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 | +1.6% |
| 1 month | +1.3% |
| 3 months | +0.4% |
| 1 year | +2.2% |
| 3 years | +4.0% |
| 5 years | +0.7% |
| 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 | +1.6% | |
| 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
- $0.06 per share
- Monthly
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.
- −0.16
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.
FMP measures it over up to five years of monthly returns.
BSMR Cost
Overpaying vs IBMQ, tied cheapest in Defined-Maturity Municipal
$1,643
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
BSMR 0.18%
$3,749
IBMQ 0.10% Tied cheapest
$2,106
Cost over time
Year by year
| Year | BSMR | IBMQ | Overpaying |
|---|---|---|---|
| 10 | $328 | $183 | $145 |
| 20 | $1,281 | $717 | $564 |
| 30 | $3,749 | $2,106 | $1,643 |
Other funds in Defined-Maturity Municipal
- AIBMUiShares 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 +1.4%
- BIBMViShares iBonds Dec 2033 Term Muni Bond ETFExpense ratio 0.10%1 year return
- BIBMWiShares iBonds Dec 2034 Term Muni Bond ETFExpense ratio 0.10%1 year return
- BIBMXiShares iBonds Dec 2035 Term Muni Bond ETFExpense ratio 0.10%1 year return
