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Invesco BulletShares 2028 Municipal Bond ETF (BSMS)
About this ETF
The Invesco BulletShares 2028 Municipal Bond ETF (the Fund) is designed to track the performance of the Invesco BulletShares USD Municipal Bond 2028 Index. The Fund commits a minimum of 80% of its total assets to municipal debt instruments that are part of this benchmark index. The Index itself aims to reflect the returns of a diversified collection of U.S. dollar-denominated municipal securities, which are issued by U.S. states, their agencies, or local governmental bodies, and all possess an effective maturity date in 2028. Instead of acquiring every security within the Index, the Fund implements a "sampling" methodology to work towards its investment goals. Both the Fund's portfolio and the Index's composition undergo monthly adjustments. This Fund features a predetermined…
Price
Top 10 holdings
| USD Pending Dividends | 1.00% |
| CASH & EQUIVALENTS | 0.88% |
| Texas Water Development Board 5.00% 04/15/2049 | 0.49% |
| North Texas Tollway Authority 5.00% 01/01/2043 | 0.38% |
| Triborough Bridge & Tunnel Authority 5.00% 02/01/2028 | 0.37% |
| State of Illinois 5.00% 11/01/2028 | 0.37% |
| Los Angeles Department of Water & Power 5.00% 07/01/2028 | 0.35% |
| Los Angeles Unified School District/CA 5.00% 07/01/2028 | 0.35% |
| Montana Facility Finance Authority 5.00% 06/01/2048 | 0.32% |
| Los Angeles Unified School District/CA 5.25% 07/01/2042 | 0.30% |
Sector mix
Price chart
Returns
| 1 month | +0.04% |
| 3 months | -0.34% |
| 6 months | -0.55% |
| Year to date | -0.34% |
| 1 year | +0.99% |
| 3 years (ann.) | +0.20% |
| 5 years (ann.) | -2.33% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 1.65% |
| Sharpe (1y) | 0.61 |
| Sharpe (3y) | 0.08 |
| Sortino (1y) | 0.85 |
| Max drawdown (1y) | -1.65% |
| Max drawdown (5y) | -16.51% |
| Max drawdown (full) | -16.51% |
| Beta vs S&P 500 (1y) | 0.02 |
| Correlation vs S&P 500 (1y) | 0.14 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-22 | 2026-06-26 | USD 0.0563 |
| 2026-05-18 | 2026-05-22 | USD 0.0556 |
| 2026-04-20 | 2026-04-24 | USD 0.0516 |
| 2026-03-23 | 2026-03-27 | USD 0.0529 |
| 2026-02-23 | 2026-02-27 | USD 0.0528 |
| 2026-01-20 | 2026-01-23 | USD 0.0539 |
| 2025-12-22 | 2025-12-26 | USD 0.0530 |
| 2025-11-24 | 2025-11-28 | USD 0.0545 |
| 2025-10-20 | 2025-10-24 | USD 0.0516 |
| 2025-09-22 | 2025-09-26 | USD 0.0518 |
| 2025-08-18 | 2025-08-22 | USD 0.0574 |
| 2025-07-21 | 2025-07-25 | USD 0.0584 |
| 2025-06-23 | 2025-06-27 | USD 0.0561 |
| 2025-05-19 | 2025-05-23 | USD 0.0570 |
| 2025-04-21 | 2025-04-25 | USD 0.0546 |
| 2025-03-24 | 2025-03-28 | USD 0.0546 |
| 2025-02-24 | 2025-02-28 | USD 0.0532 |
| 2025-01-21 | 2025-01-24 | USD 0.0541 |
| 2024-12-23 | 2024-12-27 | USD 0.0516 |
| 2024-11-18 | 2024-11-22 | USD 0.0547 |
| 2024-10-21 | 2024-10-25 | USD 0.0567 |
| 2024-09-23 | 2024-09-27 | USD 0.0548 |
| 2024-08-19 | 2024-08-23 | USD 0.0542 |
| 2024-07-22 | 2024-07-26 | USD 0.0553 |
| 2024-06-24 | 2024-06-28 | USD 0.0560 |
| 2024-05-20 | 2024-05-24 | USD 0.0571 |
| 2024-04-22 | 2024-04-26 | USD 0.0555 |
| 2024-03-18 | 2024-03-22 | USD 0.0535 |
| 2024-02-20 | 2024-02-23 | USD 0.0516 |
| 2024-01-22 | 2024-01-26 | USD 0.0541 |
| 2023-12-18 | 2023-12-22 | USD 0.0546 |
| 2023-11-20 | 2023-11-24 | USD 0.0506 |
| 2023-10-23 | 2023-10-27 | USD 0.0515 |
| 2023-09-18 | 2023-09-22 | USD 0.0504 |
| 2023-08-21 | 2023-08-25 | USD 0.0517 |
| 2023-07-24 | 2023-07-28 | USD 0.0513 |
| 2023-06-20 | 2023-06-23 | USD 0.0500 |
| 2023-05-22 | 2023-05-26 | USD 0.0519 |
| 2023-04-24 | 2023-04-28 | USD 0.0503 |
| 2023-03-20 | 2023-03-24 | USD 0.0523 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
