Invesco BulletShares 2029 Municipal Bond ETF
$22.46+0.12 (+0.51%)
- 0.18%
- $292M
- −0.8%
- 2.80%
- 0.1M sh
- $22.30
- low $22.03high $23.41
The ETF.net BSMT Grade
B
Score 67 out of 100
- 8 of 32
Score 67 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.C46 out of 100Rank 16 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 7 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 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.A77 out of 100Rank 5 of 32
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
- 2,016
- 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.
Not enough history yet.
BSMT$9,918
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 | BSMT |
|---|---|
| Year to date | −1.5% |
| 1 month | −1.0% |
| 3 months | −2.5% |
| 1 year | −0.8% |
| 3 years | +3.1% |
| 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 | BSMT |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +3.8% | |
| 2024 | +0.4% | |
| 2023 | +5.4% | |
| 2022 | −11.0% | |
| 2021 | +1.4% | |
| 2020 | +7.0% |
BSMT in the news
BSMT Dividends
- 2.80%
- $0.63
- $0.05 per share
- Monthly
Distribution history
BSMT Risk
- 4.6%
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
0.18%
BSMT0.18%
- 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
- BBSMRInvesco BulletShares 2027 Municipal Bond ETFExpense ratio 0.18%1 year return +1.0%
- BIBMUiShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETFExpense ratio 0.10%1 year return —
- BIBMViShares Trust - iShares iBonds Dec 2033 Term Muni Bond ETFExpense ratio 0.10%1 year return —
- BIBMXiShares iBonds Dec 2035 Term Muni Bond ETFExpense ratio 0.10%1 year return —
- BBSMVInvesco BulletShares 2031 Municipal Bond ETFExpense ratio 0.18%1 year return −2.3%