Invesco BulletShares 2034 Municipal Bond ETF
$23.07+0.17 (+0.74%)
- 0.18%
- $151M
- −3.1%
- 3.89%
- 0M sh
- $22.83
- low $22.40high $25.03
The ETF.net BSMY Grade
C
Score 49 out of 100
- 17 of 32
Score 49 of 100 falls in the C 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.B55 out of 100Rank 13 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 21 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 16 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 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.B55 out of 100Rank 14 of 32
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
- 2,211
- 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.
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BSMY$9,688
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 | BSMY |
|---|---|
| Year to date | −4.3% |
| 1 month | −1.8% |
| 3 months | −5.9% |
| 1 year | −3.1% |
| 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 | −4.3% | |
| 2025 | +3.8% | |
| 2024 | −1.9% |
BSMY in the news
BSMY Dividends
- 3.89%
- $0.89
- $0.07 per share
- Monthly
Distribution history
BSMY Risk
- 6.5%
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.
- −0.85
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.
- −7.9%
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.
- 0.28
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
0.18%
BSMY0.18%
- 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
- CBSMUInvesco BulletShares 2030 Municipal Bond ETFExpense ratio 0.18%1 year return −1.7%
- CBSMQInvesco BulletShares 2026 Municipal Bond ETFExpense ratio 0.18%1 year return +1.8%
- CBSMWInvesco BulletShares 2032 Municipal Bond ETFExpense ratio 0.18%1 year return −2.4%
- CBSSXInvesco BulletShares 2033 Municipal Bond ETFExpense ratio 0.18%1 year return −2.4%
- CBSMZInvesco BulletShares 2035 Municipal Bond ETFExpense ratio 0.18%1 year return −3.3%