BSMY vs IBMO

BSMYCInvesco BulletShares 2034 Municipal Bond ETF

IBMOAiShares iBonds Dec 2026 Term Muni Bond ETF

In short

BSMY A 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.

IBMO —No data

Stated mandate

BSMY 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.

IBMO —No data

Why people hold it

• BSMY 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.

IBMO —No data

Worth knowing

• BSMY 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.

IBMO —No data

Full BSMY profile⁠

Full IBMO profile⁠