---
ticker: "BSMT"
name: "Invesco BulletShares 2029 Municipal Bond ETF"
url: "https://etf.net/etf/BSMT"
grade: "B"
score: 67
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "8 of 32"
methodology: "https://etf.net/methodology"
---

# BSMT: Invesco BulletShares 2029 Municipal Bond ETF

Grade **B**, Score 67 of 100. Rank 8 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 | 46 | 16 of 29 |
| Tradability | 66 | 7 of 32 |
| Holdings | 81 | 4 of 32 |
| Durability | 77 | 5 of 32 |

## Top holdings

The fund holds 2016 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | USD Pending Dividends | 1.22% |
| 2 | — | Triborough Bridge & Tunnel Authority 5.00% 02/01/2029 | 0.49% |
| 3 | — | Triborough Bridge & Tunnel Authority 5.00% 03/15/2029 | 0.48% |
| 4 | — | State of New Jersey 5.00% 06/01/2029 | 0.47% |
| 5 | — | Hillsborough County Industrial Development Authority 5.00% 11/15/2029 | 0.41% |
| 6 | — | Harris County Cultural Education Facilities Finance Corp 5.00% 12/01/2029 | 0.38% |
| 7 | — | Colorado Health Facilities Authority 5.00% 12/01/2029 | 0.34% |
| 8 | — | Ohio Water Development Authority 5.00% 06/01/2029 | 0.32% |
| 9 | — | Los Angeles Unified School District/CA 5.00% 07/01/2029 | 0.30% |
| 10 | — | California Infrastructure & Economic Development Bank 3.25% 08/01/2029 | 0.30% |
| 11 | — | New York City Municipal Water Finance Authority 5.00% 06/15/2040 | 0.28% |
| 12 | — | New Jersey Turnpike Authority 5.00% 01/01/2048 | 0.28% |
| 13 | — | University of California 5.00% 05/15/2029 | 0.26% |
| 14 | — | Chicago O'Hare International Airport 5.00% 01/01/2048 | 0.26% |
| 15 | — | Pennsylvania Turnpike Commission 5.00% 12/01/2044 | 0.25% |
| 16 | — | Massachusetts School Building Authority 5.00% 02/15/2044 | 0.25% |
| 17 | — | Lancaster County Hospital Authority/PA 5.00% 11/01/2051 | 0.24% |
| 18 | — | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd 5.00% 07/01/2029 | 0.24% |
| 19 | — | Illinois State Toll Highway Authority 5.00% 01/01/2044 | 0.23% |
| 20 | — | Commonwealth of Massachusetts Transportation Fund Revenue 5.00% 06/01/2049 | 0.22% |
| 21 | — | State of California 5.00% 08/01/2029 | 0.22% |
| 22 | — | Triborough Bridge & Tunnel Authority 5.00% 05/15/2029 | 0.22% |
| 23 | — | University of California 5.00% 05/15/2029 | 0.21% |
| 24 | — | New York State Dormitory Authority 5.00% 03/15/2041 | 0.21% |
| 25 | — | State of California 5.00% 04/01/2029 | 0.20% |
| 26 | — | New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 11/01/2035 | 0.20% |
| 27 | — | California State University 5.00% 11/01/2039 | 0.19% |
| 28 | — | Chicago Transit Authority Sales Tax Receipts Fund 5.00% 12/01/2055 | 0.19% |
| 29 | — | State of California 5.00% 10/01/2029 | 0.19% |
| 30 | — | Ohio Water Development Authority 5.00% 12/01/2029 | 0.18% |

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