BSMU vs IBMO

BSMUCInvesco BulletShares 2030 Municipal Bond ETF

IBMOAiShares iBonds Dec 2026 Term Muni Bond ETF

In short

BSMU A muni fund with an expiration date. BSMU holds municipal bonds maturing in 2030, then winds down around December 15, 2030 and pays out what's left. One rung of a muni ladder, roughly 1,800 bonds deep, in a single ticker.

IBMO —No data

Stated mandate

BSMU The Fund seeks to track the Invesco BulletShares Municipal Bond 2030 Index by investing at least 80% of assets in its municipal-bond constituents. The portfolio targets U.S. municipal securities with effective maturities in 2030 and is scheduled to terminate around December 15, 2030.

IBMO —No data

Why people hold it

• BSMU Behaves like a bond, trades like a fund: holdings target effective maturities in 2030 and the fund is scheduled to terminate around December 15, 2030. Most bond ETFs never mature.
• Roughly 1,800 municipal bonds inside, so no single issuer dominates the outcome. Assembling that ladder rung yourself takes real size and a bond desk.
• Income arrives monthly, and the fund has been running since 2020 as part of Invesco's BulletShares dated-maturity lineup, so rungs can be stacked across years.

IBMO —No data

Worth knowing

• BSMU 0.18% a year sits above much of the dated-maturity crowd; Invesco's own 2030 corporate version, BSCU, charges 0.10%. Muni bonds are pricier to source and hold.
• The end date cuts both ways: once the fund terminates around December 15, 2030, the cash comes back and the reinvestment decision is yours.
• Moderately traded rather than a category heavyweight, so order size and timing matter more here than in the biggest bond ETFs.

IBMO —No data

Full BSMU profile⁠

Full IBMO profile⁠