Invesco BulletShares 2031 Municipal Bond ETF
$20.64−0.07 (−0.33%)
- 0.18%
- $211M
- +0.9%
- 2.97%
- 80.8K sh
- low $19.67high $21.53
The ETF.net BSMV Grade
B
Score 56 out of 100
- 13 of 32
Score 56 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.A80 out of 100Rank 8 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 25 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 17 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 10 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 12 of 32
Our read on BSMV
In short
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.
Stated mandate
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
Worth knowing
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$10,091
Returns run to the Nov 9, 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 | +0.4% |
| 1 month | +3.8% |
| 3 months | +0.1% |
| 1 year | +0.9% |
| 3 years | +3.8% |
| 5 years | −0.7% |
| 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 | +0.4% | |
| 2025 | +4.1% | |
| 2024 | −0.3% | |
| 2023 | +7.0% | |
| 2022 | −15.3% | |
| 2021 | +0.9% |
BSMV in the news
BSMV Dividends
- 2.97%
- $0.62
- $0.05 per share
- Monthly
BSMV Risk
- 6.0%
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.
- −0.02
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.
FMP measures it over up to five years of monthly returns.
BSMV 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.
BSMV 0.18%
$3,749
IBMQ 0.10% Tied cheapest
$2,106
Cost over time
Year by year
| Year | BSMV | IBMQ | Overpaying |
|---|---|---|---|
| 10 | $328 | $183 | $145 |
| 20 | $1,281 | $717 | $564 |
| 30 | $3,749 | $2,106 | $1,643 |
Other funds in Defined-Maturity Municipal
- BIBMXiShares iBonds Dec 2035 Term Muni Bond ETFExpense ratio 0.10%1 year return
- BMUNANorthern Trust 2030 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return +2.5%
- CBSMSInvesco BulletShares 2028 Municipal Bond ETFExpense ratio 0.18%1 year return +2.5%
- CBSMUInvesco BulletShares 2030 Municipal Bond ETFExpense ratio 0.18%1 year return +1.1%
- CBSMYInvesco BulletShares 2034 Municipal Bond ETFExpense ratio 0.18%1 year return +0.5%
