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Invesco BulletShares 2029 Municipal Bond ETF (BSMT)
About this ETF
This exchange-traded fund, the Invesco BulletShares 2029 Municipal Bond ETF (BSMT), is designed to mirror the performance of the Invesco BulletShares USD Municipal Bond 2029 Index. The Fund allocates at least 80% of its total investments to the municipal debt instruments that constitute its underlying benchmark. The index itself aims to reflect the returns of a basket of US dollar-denominated municipal securities, originated by US state, state agencies, or local governmental bodies, all maturing effectively in the year 2029. Rather than purchasing every security in the index, BSMT employs a 'sampling' approach to pursue its investment objective. Both the Fund's holdings and the Index's composition undergo rebalancing on a monthly basis. With a predetermined maturity year of 2029, the Fund…
Price
Top 10 holdings
| USD Pending Dividends | 1.00% |
| Triborough Bridge & Tunnel Authority 5.00% 03/15/2029 | 0.53% |
| State of New Jersey 5.00% 06/01/2029 | 0.50% |
| Hillsborough County Industrial Development Authority 5.00% 11/15/2029 | 0.40% |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd 5.00% 07/01/2029 | 0.32% |
| California Infrastructure & Economic Development Bank 3.25% 08/01/2029 | 0.32% |
| New Jersey Turnpike Authority 5.00% 01/01/2048 | 0.31% |
| Lancaster County Hospital Authority/PA 5.00% 11/01/2051 | 0.29% |
| Pennsylvania Turnpike Commission 5.00% 12/01/2044 | 0.29% |
| University of California 5.00% 05/15/2029 | 0.28% |
Sector mix
Price chart
Returns
| 1 month | 0.00% |
| 3 months | -0.30% |
| 6 months | -0.77% |
| Year to date | -0.35% |
| 1 year | +1.23% |
| 3 years (ann.) | +0.22% |
| 5 years (ann.) | -2.53% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 1.96% |
| Sharpe (1y) | 0.63 |
| Sharpe (3y) | 0.08 |
| Sortino (1y) | 0.97 |
| Max drawdown (1y) | -1.97% |
| Max drawdown (5y) | -17.74% |
| Max drawdown (full) | -17.74% |
| Beta vs S&P 500 (1y) | 0.02 |
| Correlation vs S&P 500 (1y) | 0.13 |
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 0.0534 |
| 2026-05-18 | 2026-05-22 | USD 0.0545 |
| 2026-04-20 | 2026-04-24 | USD 0.0528 |
| 2026-03-23 | 2026-03-27 | USD 0.0518 |
| 2026-02-23 | 2026-02-27 | USD 0.0500 |
| 2026-01-20 | 2026-01-23 | USD 0.0508 |
| 2025-12-22 | 2025-12-26 | USD 0.0497 |
| 2025-11-24 | 2025-11-28 | USD 0.0508 |
| 2025-10-20 | 2025-10-24 | USD 0.0514 |
| 2025-09-22 | 2025-09-26 | USD 0.0524 |
| 2025-08-18 | 2025-08-22 | USD 0.0554 |
| 2025-07-21 | 2025-07-25 | USD 0.0576 |
| 2025-06-23 | 2025-06-27 | USD 0.0552 |
| 2025-05-19 | 2025-05-23 | USD 0.0573 |
| 2025-04-21 | 2025-04-25 | USD 0.0539 |
| 2025-03-24 | 2025-03-28 | USD 0.0539 |
| 2025-02-24 | 2025-02-28 | USD 0.0533 |
| 2025-01-21 | 2025-01-24 | USD 0.0531 |
| 2024-12-23 | 2024-12-27 | USD 0.0522 |
| 2024-11-18 | 2024-11-22 | USD 0.0524 |
| 2024-10-21 | 2024-10-25 | USD 0.0546 |
| 2024-09-23 | 2024-09-27 | USD 0.0539 |
| 2024-08-19 | 2024-08-23 | USD 0.0570 |
| 2024-07-22 | 2024-07-26 | USD 0.0561 |
| 2024-06-24 | 2024-06-28 | USD 0.0559 |
| 2024-05-20 | 2024-05-24 | USD 0.0551 |
| 2024-04-22 | 2024-04-26 | USD 0.0533 |
| 2024-03-18 | 2024-03-22 | USD 0.0512 |
| 2024-02-20 | 2024-02-23 | USD 0.0476 |
| 2024-01-22 | 2024-01-26 | USD 0.0522 |
| 2023-12-18 | 2023-12-22 | USD 0.0541 |
| 2023-11-20 | 2023-11-24 | USD 0.0493 |
| 2023-10-23 | 2023-10-27 | USD 0.0507 |
| 2023-09-18 | 2023-09-22 | USD 0.0496 |
| 2023-08-21 | 2023-08-25 | USD 0.0517 |
| 2023-07-24 | 2023-07-28 | USD 0.0517 |
| 2023-06-20 | 2023-06-23 | USD 0.0505 |
| 2023-05-22 | 2023-05-26 | USD 0.0525 |
| 2023-04-24 | 2023-04-28 | USD 0.0511 |
| 2023-03-20 | 2023-03-24 | USD 0.0533 |
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% |
