Invesco BulletShares 2035 Municipal Bond ETF
$23.83+0.18 (+0.76%)
- 0.18%
- $68M
- −3.3%
- 0M sh
- $23.57
- low $23.17high $25.92
The ETF.net BSMZ Grade
C
Score 44 out of 100
- 20 of 32
Score 44 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.Risk
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.D37 out of 100Rank 24 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.C41 out of 100Rank 20 of 32
Our read on BSMZ
CA single rung of a municipal bond ladder, wrapped in an ETF. It holds roughly 1,400 munis, then terminates around Dec. 15, 2035, giving you a bond's end date without picking the bonds yourself.
The fund seeks exposure to US dollar-denominated municipal securities from U.S. states, state agencies, and local issuers, targeting bonds maturing in 2035 and terminating around Dec. 15, 2035.
Why people hold it
- Defined maturity: it targets bonds maturing in 2035 and terminates around Dec. 15, 2035. An end date, not an evergreen fund that rolls on forever.invesco.com
- Roughly 1,400 positions from US states, state agencies and local issuers, so no single borrower carries the portfolio. The holdings are the strongest part of the package.
- Invesco has run the BulletShares playbook for years, and its corporate rungs (BSCT, BSCU) sit among the best-executed funds in the target-maturity group.
Worth knowing
- At 0.18% a year, it runs above the typical target-maturity bond fund. Fee drag bites harder when the underlying yields are muni-sized.
- Launched in 2025 and thinly traded so far. Thin volume tends to mean wider spreads, which is what limit orders are for.
- Distributions land on an irregular schedule rather than a fixed monthly rhythm, so the income stream needs more watching than a clockwork payer.
BSMZ Holdings
- Bonds
- 1,832
- 5%
- USD Pending Dividends
BSMZ 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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BSMZ$9,673
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 | BSMZ |
|---|---|
| Year to date | −4.5% |
| 1 month | −2.0% |
| 3 months | −6.3% |
| 1 year | −3.3% |
| 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 | BSMZ |
|---|---|---|
| 2026 YTD | −4.5% | |
| 2025 | +1.8% |
BSMZ in the news
BSMZ Dividends
- $0.07 per share
- Monthly
Distribution data unavailable.
Distribution history
BSMZ Risk
- 6.8%
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.
- −1.00
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.
- −8.5%
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.
- 0.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMZ Cost
0.18%
BSMZ0.18%
- 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
- 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%
- CMUNBNorthern Trust 2035 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −1.1%
- DMYMKState Street My2031 Municipal Bond ETFExpense ratio 0.20%1 year return −0.5%
- DMUNDNorthern Trust 2055 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −2.3%