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Invesco BulletShares 2032 Municipal Bond ETF (BSMW)
About this ETF
The Invesco BulletShares 2032 Municipal Bond ETF (BSMW) aims to mirror the performance of the Invesco BulletShares USD Municipal Bond 2032 Index. This ETF allocates at least 80% of its total assets to municipal bonds that are part of the underlying index. The benchmark index itself is designed to track a collection of US dollar-denominated municipal securities. These bonds are issued by U.S. state, state agencies, or local governments and all share effective maturities in 2032. Instead of acquiring every security in the index, the Fund utilizes a "sampling" approach to fulfill its investment objective. Both the Fund and its corresponding index undergo monthly rebalancing. BSMW is structured with a definitive maturity year of 2032 and is scheduled to terminate…
Price
Top 10 holdings
| USD Pending Dividends | 1.02% |
| Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047 | 0.54% |
| New York City Municipal Water Finance Authority 5.25% 06/15/2052 | 0.52% |
| Iowa Finance Authority 5.00% 12/01/2050 | 0.43% |
| University of California 5.00% 05/15/2032 | 0.43% |
| University of California 5.00% 05/15/2052 | 0.39% |
| State of New Jersey 4.00% 06/01/2032 | 0.37% |
| New York State Dormitory Authority 5.00% 05/01/2052 | 0.36% |
| Los Angeles Unified School District/CA 5.00% 07/01/2032 | 0.33% |
| New Jersey Transportation Trust Fund Authority 5.00% 06/15/2032 | 0.31% |
Sector mix
Price chart
Returns
| 1 month | -0.08% |
| 3 months | -0.12% |
| 6 months | -1.03% |
| Year to date | -0.20% |
| 1 year | +2.29% |
| 3 years (ann.) | -0.32% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 2.76% |
| Sharpe (1y) | 0.83 |
| Sharpe (3y) | -0.04 |
| Sortino (1y) | 1.12 |
| Max drawdown (1y) | -3.21% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -9.40% |
| Beta vs S&P 500 (1y) | 0.05 |
| Correlation vs S&P 500 (1y) | 0.21 |
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 0.0697 |
| 2026-05-18 | 2026-05-22 | USD 0.0620 |
| 2026-04-20 | 2026-04-24 | USD 0.0684 |
| 2026-03-23 | 2026-03-27 | USD 0.0670 |
| 2026-02-23 | 2026-02-27 | USD 0.0658 |
| 2026-01-20 | 2026-01-23 | USD 0.0659 |
| 2025-12-22 | 2025-12-26 | USD 0.0633 |
| 2025-11-24 | 2025-11-28 | USD 0.0659 |
| 2025-10-20 | 2025-10-24 | USD 0.0667 |
| 2025-09-22 | 2025-09-26 | USD 0.0676 |
| 2025-08-18 | 2025-08-22 | USD 0.0696 |
| 2025-07-21 | 2025-07-25 | USD 0.0693 |
| 2025-06-23 | — | USD 0.0710 |
| 2025-05-19 | 2025-05-23 | USD 0.0707 |
| 2025-04-21 | 2025-04-25 | USD 0.0686 |
| 2025-03-24 | 2025-03-28 | USD 0.0678 |
| 2025-02-24 | 2025-02-28 | USD 0.0659 |
| 2025-01-21 | 2025-01-24 | USD 0.0666 |
| 2024-12-23 | 2024-12-27 | USD 0.0690 |
| 2024-11-18 | 2024-11-22 | USD 0.0761 |
| 2024-10-21 | 2024-10-25 | USD 0.0753 |
| 2024-09-23 | 2024-09-27 | USD 0.0686 |
| 2024-08-19 | 2024-08-23 | USD 0.0751 |
| 2024-07-22 | 2024-07-26 | USD 0.0743 |
| 2024-06-24 | 2024-06-28 | USD 0.0732 |
| 2024-05-20 | 2024-05-24 | USD 0.0743 |
| 2024-04-22 | 2024-04-26 | USD 0.0718 |
| 2024-03-18 | 2024-03-22 | USD 0.0692 |
| 2024-02-20 | 2024-02-23 | USD 0.0684 |
| 2024-01-22 | 2024-01-26 | USD 0.0776 |
| 2023-12-18 | 2023-12-22 | USD 0.0614 |
| 2023-11-20 | 2023-11-24 | USD 0.0544 |
| 2023-10-23 | 2023-10-27 | USD 0.0613 |
| 2023-09-18 | 2023-09-22 | USD 0.0675 |
| 2023-08-21 | 2023-08-25 | USD 0.0645 |
| 2023-07-24 | 2023-07-28 | USD 0.0736 |
| 2023-06-20 | 2023-06-23 | USD 0.0784 |
| 2023-05-22 | 2023-05-26 | USD 0.0826 |
| 2023-04-24 | 2023-04-28 | USD 0.0703 |
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% |
