Invesco BulletShares 2029 Municipal Bond ETF
$22.39−0.12 (−0.53%)
- Expense ratio
- 0.18%
- Fund size
- $288M
- 1Y return
- −0.1%
- Yield · Last 12 months
- 2.78%
- Holdings
- 2003
- Volume · 30D
- 0.1M sh
- NAV per share
- $22.50
- 52W range
The ETF.net BSMT Grade
Score 58 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 98Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 72Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on BSMT
BA 2029 rung of a municipal bond ladder, wrapped in an ETF. It holds roughly 1,900 munis that all mature around the same time, then terminates in December 2029 and pays out: a bond-like ending with fund-like diversification.
The fund seeks to track an index measuring US dollar-denominated municipal securities issued by states, state agencies, and local governments. It invests at least 80% of assets in municipal bonds comprising that index.
Why people hold it
- Real end date. The fund is built to terminate on or about Dec. 15, 2029 and make a final distribution, so it behaves like a maturing bond instead of a portfolio that rolls forever.invesco.cominvesco.com
- Roughly 1,900 municipal bonds from states, state agencies and local governments, so no single issuer carries the rung. Buying that spread of individual munis yourself is a chore.
- Muni interest is generally free of federal income tax, and the fund pays monthly rather than on scattered bond coupon dates.prnewswire.com
- Part of the original 2019 muni BulletShares launch, the suite that brought defined maturity to munis. Ladder plumbing with years of live track record behind it.prnewswire.com
Worth knowing
- At 0.18%, the fee sits above the target-maturity cohort median of 0.10%, and above Invesco's own 2029 corporate rung BSCT at 0.10%. Munis cost more to assemble; you pay for it.
- Unlike a single bond, the payout mix is not fixed upfront: Invesco notes income distributions vary and the split between distributions and liquidation proceeds is not predictable at purchase.invesco.com
- One maturity year, one slice of the curve. Invesco designs these to be stacked across years into a ladder, not used as a standalone core muni holding.invesco.com
BSMT Holdings
- Bonds
- 2,003
- 5%
- USD Pending Dividends
BSMT 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 | BSMT |
|---|---|
| Year to date | −0.7% |
| 1 month | −1.6% |
| 3 months | −1.9% |
| 1 year | −0.1% |
| 3 years | +3.0% |
| 5 years | −0.6% |
| 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 | BSMT |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +3.8% | |
| 2024 | +0.4% | |
| 2023 | +5.4% | |
| 2022 | −11.0% | |
| 2021 | +1.4% | |
| 2020 | +7.0% |
BSMT in the news
ETF.net Research hasn’t filed on BSMT yet — coverage lands here as it’s written.
BSMT Dividends
- 2.78%
- $0.63
- $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 | $0.06 |
| Jul 20, 2026 | Jul 24, 2026 | $0.05 |
| Jun 22, 2026 | Jun 26, 2026 | $0.05 |
| May 18, 2026 | May 22, 2026 | $0.05 |
| 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 |
BSMT Risk
- 4.5%
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.
- −0.31
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.
- −15.6%
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.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMT Cost
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.