---
ticker: "BSMR"
name: "Invesco BulletShares 2027 Municipal Bond ETF"
url: "https://etf.net/etf/BSMR"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "6 of 32"
methodology: "https://etf.net/methodology"
---

# BSMR: Invesco BulletShares 2027 Municipal Bond ETF

Grade **B**, Score 69 of 100. Rank 6 of 32 in Defined-Maturity Municipal.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 45 | 10 of 32 |
| Mission | 100 | 1 of 17 |
| Risk | 64 | 6 of 29 |
| Tradability | 61 | 9 of 32 |
| Holdings | 82 | 3 of 32 |
| Durability | 76 | 7 of 32 |

## Top holdings

The fund holds 2663 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | USD Pending Dividends | 1.22% |
| 2 | — | State of Illinois 5.00% 11/01/2029 | 0.46% |
| 3 | — | State of Illinois 5.00% 11/01/2027 | 0.44% |
| 4 | — | Hudson Yards Infrastructure Corp 5.00% 02/15/2042 | 0.33% |
| 5 | — | California Health Facilities Financing Authority 5.00% 11/01/2027 | 0.32% |
| 6 | — | State of New Jersey 5.00% 06/01/2027 | 0.29% |
| 7 | — | New York City Municipal Water Finance Authority 5.00% 06/15/2040 | 0.28% |
| 8 | — | New York City Municipal Water Finance Authority 5.00% 06/15/2040 | 0.23% |
| 9 | — | City of Houston TX Combined Utility System Revenue 5.00% 11/15/2042 | 0.22% |
| 10 | — | Texas Water Development Board 5.00% 10/15/2047 | 0.22% |
| 11 | — | New York State Dormitory Authority 5.00% 07/01/2041 | 0.19% |
| 12 | — | Auburn School District No 408 of King & Pierce Counties 5.00% 12/01/2035 | 0.19% |
| 13 | — | Maryland Health & Higher Educational Facilities Authority 3.75% 07/01/2036 | 0.19% |
| 14 | — | Pennsylvania Turnpike Commission 5.00% 12/01/2040 | 0.19% |
| 15 | — | Geisinger Authority 5.00% 02/15/2045 | 0.18% |
| 16 | — | New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 11/01/2027 | 0.18% |
| 17 | — | Pennsylvania Turnpike Commission 4.00% 06/01/2037 | 0.18% |
| 18 | — | Oklahoma Turnpike Authority 4.00% 01/01/2042 | 0.17% |
| 19 | — | Chicago O'Hare International Airport 5.00% 01/01/2052 | 0.17% |
| 20 | — | Triborough Bridge & Tunnel Authority 5.00% 11/15/2042 | 0.17% |
| 21 | — | State of California 5.00% 08/01/2030 | 0.17% |
| 22 | — | Triborough Bridge & Tunnel Authority 5.00% 11/15/2032 | 0.17% |
| 23 | — | Triborough Bridge & Tunnel Authority 5.00% 11/15/2027 | 0.16% |
| 24 | — | University of California 5.25% 05/15/2042 | 0.16% |
| 25 | — | Washington Metropolitan Area Transit Authority 5.00% 07/01/2031 | 0.16% |
| 26 | — | University of California 5.00% 05/15/2042 | 0.16% |
| 27 | — | State of California 5.00% 12/01/2027 | 0.16% |
| 28 | — | North Texas Tollway Authority 4.00% 01/01/2034 | 0.16% |
| 29 | — | New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 02/01/2043 | 0.16% |
| 30 | — | California Health Facilities Financing Authority 5.00% 08/15/2047 | 0.16% |

Source: etf.net, https://etf.net/etf/BSMR. Please cite the page URL.