Invesco BulletShares 2035 Municipal Bond ETF
$23.86−0.20 (−0.84%)
History starts Sep 17, 2025.
- Expense ratio
- 0.18%
- Fund size
- $65M
- 1Y return
- −1.0%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 1679
- Volume · 30D
- 0M sh
- NAV per share
- $24.02
- 52W range
The ETF.net BSMZ Grade
Score 45 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.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
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
- 1,679
- 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.
BSMZ$9,902
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 | BSMZ |
|---|---|
| Year to date | −2.8% |
| 1 month | −2.8% |
| 3 months | −4.8% |
| 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 | BSMZ |
|---|---|---|
| 2026 YTD | −2.8% | |
| 2025 | +1.8% |
BSMZ in the news
BSMZ Dividends
- $0.07 per share
- Monthly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.07 |
| Aug 24, 2026 | Aug 28, 2026 | $0.09 |
| Jul 20, 2026 | Jul 24, 2026 | $0.09 |
| Jun 22, 2026 | Jun 26, 2026 | $0.08 |
| May 18, 2026 | May 22, 2026 | $0.08 |
| 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 | $0.05 |
| Dec 22, 2025 | Dec 26, 2025 | $0.03 |
| Nov 24, 2025 | Nov 28, 2025 | $0.07 |
| Oct 20, 2025 | Oct 24, 2025 | $0.07 |
BSMZ Risk
- —
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.
- —
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.
- −5.5%
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.