Invesco BulletShares 2028 Municipal Bond ETF
$23.210.00 (0.00%)
- 0.18%
- $356M
- +2.1%
- 2.82%
- 89K sh
- low $22.63high $23.70
The ETF.net BSMS Grade
B
Score 54 out of 100
- 14 of 32
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.
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.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 11 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 10 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 7 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 BSMS
In short
BA ladder rung in a wrapper: roughly 2,200 municipal bonds that all come due by 2028, when the fund is designed to terminate. Most bond funds roll forever. This one has an end date on the box.
Stated mandate
The Fund seeks to track the Invesco BulletShares USD Municipal Bond 2028 Index by investing primarily in U.S.-dollar-denominated municipal securities issued by U.S. states, state agencies, or local governments. It uses representative sampling and is designed to terminate in December 2028.
Why people hold it
Worth knowing
BSMS 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.
BSMS$10,211
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 | BSMS |
|---|---|
| Year to date | +1.1% |
| 1 month | +2.1% |
| 3 months | +0.2% |
| 1 year | +2.1% |
| 3 years | +4.2% |
| 5 years | +0.2% |
| 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 | BSMS |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +3.6% | |
| 2024 | +1.0% | |
| 2023 | +5.0% | |
| 2022 | −9.9% | |
| 2021 | +1.5% | |
| 2020 | +6.7% |
BSMS in the news
BSMS Dividends
- 2.82%
- $0.65
- $0.06 per share
- Monthly
BSMS Risk
- 4.0%
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.
- −0.07
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.
- −14.3%
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.
- 0.64
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.
BSMS 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.
BSMS 0.18%
$3,749
IBMQ 0.10% Tied cheapest
$2,106
Cost over time
Year by year
| Year | BSMS | IBMQ | Overpaying |
|---|---|---|---|
| 10 | $328 | $183 | $145 |
| 20 | $1,281 | $717 | $564 |
| 30 | $3,749 | $2,106 | $1,643 |
Other funds in Defined-Maturity Municipal
- BMUNANorthern Trust 2030 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return +2.4%
- BBSMVInvesco BulletShares 2031 Municipal Bond ETFExpense ratio 0.18%1 year return −0.5%
- CBSMUInvesco BulletShares 2030 Municipal Bond ETFExpense ratio 0.18%1 year return +0.2%
- CBSMYInvesco BulletShares 2034 Municipal Bond ETFExpense ratio 0.18%1 year return −0.7%
- CBSMQInvesco BulletShares 2026 Municipal Bond ETFExpense ratio 0.18%1 year return +2.2%
