BSMR
Invesco BulletShares 2027 Municipal Bond ETF·NASDAQ
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Key Stats
Assets Under Management
310.83MUSD
Fund Flows (1Y)
89.47MUSD
Dividend Yield
2.75%
Discount/Premium to NAV
0.19%
Shares Outstanding
13.10M
Expense Ratio
0.18%
About Invesco BulletShares 2027 Municipal Bond ETF
Issuer
Invesco Capital Management LLC
Brand
Invesco
Inception Date
Sep 25, 2019
Structure
Open-Ended Fund
Index Tracked
Invesco BulletShares USD Municipal Bond 2027 Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
As part of Invesco's AMT-Free Muni Term ETF suite, BSMR behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case 2027—instead of perpetual exposure to a maturity pocket of the muni space. As the fund ages, its maturity, duration, and YTM will continue to decline. On its target date, BSMR will unwind and return all capital to investors. Coupon payments received from underlying securities are exempted from both the federal income tax and the alternative minimum tax. As such, BSMR can be used as a building block for a tax-exempted bond ladder.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Short-Term
Strategy
Bullet Maturity
Geography
U.S.
Weighting Scheme
Market Value
Selection Criteria
Maturity
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.04% | +0.47% | +0.34% | +0.17% | -0.65% | -8.57% |
NAV Total Return | +0.35% | +1.13% | +0.61% | +3.12% | +8.05% | +2.18% |
Ratings
Aime Ratings
No data is currently available
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
CASH & EQUIVALENTS
2.45%
State of Illinois
0.52%
State of New Jersey
0.35%
New York City Municipal Water Finance Authority
0.34%
Hudson Yards Infrastructure Corp
0.33%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.33%
County of Clark NV
0.33%
City of Houston TX Combined Utility System Revenue
0.27%
Texas Water Development Board
0.27%
California Health Facilities Financing Authority
0.27%
Top 10 Weight 5.46%
554 Total Holdings
Is SPY better than BSMR?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-20 | 2026-01-20 | 2026-01-23 | 0.053 |
| 2025-12-22 | 2025-12-22 | 2025-12-26 | 0.052 |
| 2025-11-24 | 2025-11-24 | 2025-11-28 | 0.052 |
| 2025-10-20 | 2025-10-20 | 2025-10-24 | 0.052 |
| 2025-09-22 | 2025-09-22 | 2025-09-26 | 0.053 |
| 2025-08-18 | 2025-08-18 | 2025-08-22 | 0.054 |
| 2025-07-21 | 2025-07-21 | 2025-07-25 | 0.060 |
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How Much Does BSMR Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy BSMR?
Fund Flows
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