Invesco BulletShares 2031 Municipal Bond ETF
$20.04+0.01 (+0.05%)
- 0.18%
- $198M
- −2.3%
- 3.07%
- 0.1M sh
- $19.98
- low $19.67high $21.53
The ETF.net BSMV Grade
B
Score 57 out of 100
- 11 of 32
Score 57 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.A82 out of 100Rank 7 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 26 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 20 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A79 out of 100Rank 5 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 12 of 32
Our read on BSMV
BBulletShares brought bond-ladder math to ETFs, and this is the municipal rung: roughly 1,500 muni bonds tracking a 2031-dated index, paying monthly. One dated slice you can stack with other years instead of buying bonds one at a time.
The fund seeks exposure to a portfolio of U.S.-dollar municipal securities through its index and invests at least 80% of total assets in municipal bonds included in that index.
Why people hold it
- Defined-maturity design. It tracks a single dated index (Municipal Bond 2031), so it behaves like one rung of a ladder rather than a perpetual bond fund with drifting duration.
- Roughly 1,500 municipal bonds under the hood. That is deep issuer spread for a single-year basket, and it is one of the better-diversified portfolios in its target-maturity peer group.
- The mandate is tight: at least 80% of total assets in municipal bonds from its index, per the fund's own documents. Little room to wander into other asset classes.invesco.com
- Distributions land monthly, and the fund has been running since 2021 inside Invesco's established BulletShares lineup.
Worth knowing
- At 0.18%, it costs nearly double the 0.10% median of its target-maturity cohort, including Invesco's own corporate rungs BSCT and BSCU at 0.10%.
- It is one of the quieter tickers in a crowded field, and thin trading tends to mean wider spreads. Limit orders matter more here than on the lineup's corporate rungs.
- Measured against the whole target-maturity group, it sits in the lower half, mostly on cost and tradability rather than on how the portfolio is built.
BSMV Holdings
- Bonds
- 1,618
- 5%
- USD Pending Dividends
BSMV 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.
BSMV$9,766
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 | BSMV |
|---|---|
| Year to date | −3.1% |
| 1 month | −1.2% |
| 3 months | −3.6% |
| 1 year | −2.3% |
| 3 years | +2.9% |
| 5 years | −1.4% |
| 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 | BSMV |
|---|---|---|
| 2026 YTD | −3.1% | |
| 2025 | +4.1% | |
| 2024 | −0.3% | |
| 2023 | +7.0% | |
| 2022 | −15.3% | |
| 2021 | +0.9% |
BSMV in the news
BSMV Dividends
- 3.07%
- $0.61
- $0.05 per share
- Monthly
Distribution history
BSMV Risk
- 5.9%
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.
- −0.26
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.
- −20.7%
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.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMV Cost
0.18%
BSMV0.18%
- 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
- 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 —
- BIBMWiShares Trust - iShares iBonds Dec 2034 Term Muni Bond ETFExpense ratio 0.10%1 year return —
- BMUNANorthern Trust 2030 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return +1.1%
- CBSMSInvesco BulletShares 2028 Municipal Bond ETFExpense ratio 0.18%1 year return +0.3%