Invesco BulletShares 2034 Municipal Bond ETF
$23.09−0.15 (−0.63%)
- Expense ratio
- 0.18%
- Fund size
- $139M
- 1Y return
- −1.0%
- Yield · Last 12 months
- 3.83%
- Holdings
- 2038
- Volume · 30D
- 0M sh
- NAV per share
- $23.22
- 52W range
The ETF.net BSMY Grade
Score 50 of 100 sits in the C 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.CScore 52Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on BSMY
CA single-year rung on a muni ladder: roughly 2,000 bonds from US states, agencies and local governments, all effectively maturing in 2034, bundled into one ticker on Invesco's BulletShares shelf.
The Fund invests at least 80% of its assets in municipal bonds represented by its index, which covers U.S.-dollar municipal securities issued by U.S. states, state agencies, or local governments and maturing effectively in 2034.
Why people hold it
- Defined end date instead of an open-ended blob. The index holds only municipal bonds effectively maturing in 2034, so the portfolio's clock winds down like a single bond's.invesco.com
- Roughly 2,000 issues spread across states, state agencies and local governments, so no single borrower carries the fund.
- Pays monthly, which suits people who like income arriving on the same rhythm as their bills.
- Sits in the upper half of a large target-maturity peer group, with broad bond-level diversification doing much of the heavy lifting.
Worth knowing
- 0.18% a year runs above the target-maturity median and above corporate BulletShares rungs like BSCT and BSCU at 0.10%.
- Trades thinly, so spreads can widen. Limit orders and steering clear of the opening and closing minutes matter more here than in a heavily traded fund.
- Launched in 2024, so there is only a short history behind it and a long stretch before the 2034 maturity year arrives.
BSMY Holdings
- Bonds
- 2,038
- 5%
- USD Pending Dividends
BSMY 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 | BSMY |
|---|---|
| Year to date | −2.9% |
| 1 month | −2.8% |
| 3 months | −4.5% |
| 1 year | −1.0% |
| 3 years | — |
| 5 years | — |
| 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 | BSMY |
|---|---|---|
| 2026 YTD | −2.9% | |
| 2025 | +3.8% | |
| 2024 | −1.9% |
BSMY in the news
ETF.net Research hasn’t filed on BSMY yet — coverage lands here as it’s written.
BSMY Dividends
- 3.83%
- $0.89
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.07 |
| Aug 24, 2026 | Aug 28, 2026 | $0.07 |
| Jul 20, 2026 | Jul 24, 2026 | $0.08 |
| Jun 22, 2026 | Jun 26, 2026 | $0.07 |
| May 18, 2026 | May 22, 2026 | $0.07 |
| Apr 20, 2026 | Apr 24, 2026 | $0.08 |
| Mar 23, 2026 | Mar 27, 2026 | $0.07 |
| Feb 23, 2026 | Feb 27, 2026 | $0.07 |
| Jan 20, 2026 | Jan 23, 2026 | $0.07 |
| Dec 22, 2025 | Dec 26, 2025 | $0.07 |
| Nov 24, 2025 | Nov 28, 2025 | $0.08 |
| Oct 20, 2025 | Oct 24, 2025 | $0.08 |
BSMY Risk
- 5.8%
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.
- −0.57
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.
- −6.8%
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.
- 0.26
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMY Cost
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.