S&P 500Bucket avgCompareDividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 9, 2026
InvescoBonds & CashMunicipal#237 of 786 by YTD
Invesco BulletShares 2027 Municipal Bond ETFBSMR
- AUM
- $374M
- Fee
- 0.18%
- Yield
- 2.7%
- Bumpy · 1Y
- 0.1×S&P
- Volume
- 73K
- NAV
- $23.54
What's insideAll 2,730 →
USD Pending Dividends 1.3%Chicago Board of Education Dedicated Capital Improvement Tax 6.00% 04/01/2046 0.5%New York City Municipal Water Finance Authority 5.00% 06/15/2040 0.5%State of Illinois 5.00% 11/01/2027 0.5%
52-week range1% below the high
$23.12$23.85
| Returns | Today | 1W | 1M | 3M | YTD | 1Y | 3Y | 5Y | Max |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 0.0% | 0.0% | +1.2% | +0.2% | +1.8% | +2.6% | +12.0% | +3.7% | +9.4% |
| Peer average | +0.1% | +0.9% | +3.9% | −0.1% | +1.2% | +1.5% | +14.6% | +3.2% | — |
| S&P 500 · VOO | +2.3% | +0.1% | −3.3% | −2.1% | +11.3% | +13.6% | +81.6% | +75.4% | — |
BSMR in One Breath
BSMR Among Municipal ETFs
YTDEnd-of-day Nov 9, 2026 · 141 Municipal ETFs by YTD
$10,000 in BSMR
5Y$10,000 in BSMR became
$10,370
In the S&P 500 (VOO)
$17,543
Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO
BSMR’s Top Holdings
TodayUSD Pending DiPending Dividends1.3%Chicago Boar0.5%New York Cit0.5%State of Ill0.5%State of Ill0.5%Hudson Yards0.3%California H0.3%State of New0.3%Triborough B0.3%Metropolitan0.2%State of Cal0.2%Texas Water 0.2%City of Hous0.2%New York Sta0.2%Maryland Hea0.2%Chicago O'Ha0.2%Geisinger Au0.2%Auburn Schoo0.2%Pennsylvania0.2%Pennsylvania0.2%Oklahoma Tur0.2%New York Cit0.2%
USD Pending DiPending Dividends1.3%Chicago Boar0.5%New York Cit0.5%State of Ill0.5%State of Ill0.5%Hudson Yards0.3%California H0.3%State of New0.3%Triborough B0.3%Metropolitan0.2%State of Cal0.2%Texas Water 0.2%
Invesco BSMR · 2,728 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026
What BSMR Holds
TodayAll holdings100.0%
USD Pendin 1.3 · Chicago Bo · New York C · State of I · State of I · Hudson Yar · California
Invesco BSMR · share of the fund · as of Nov 9, 2026
Pending’s Share of BSMR
Today1.3%
$13 of every $1,000 in BSMR is Pending
Pending held by BSMR
$4.7M
Invesco BSMR · each square = $10 of $1,000 · as of Nov 9, 2026
BSMR’s Share of Municipal ETFs
Today0.2%
of the $247B in 166 Municipal ETFs
$374M0.2%
$55.0B22.3%
$49.6B20.1%
$142B57.4%
Municipal ETF AUM · Nov 9, 2026
BSMR Fee per $100 vs Peers
TodayExpense ratio · Municipal peers · Nov 9, 2026
Inside BSMR
2,728 holdings · as of Nov 9, 2026BSMR
Invesco BulletShares 2027 Municipal Bond ETF
TodayAll holdings100.0%2,721 more holdings96.2% of the fund
All holdings100.0%2,722 more holdings96.5% of the fund
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | — | Pending Dividends | 1.26% |
| 2 | — | Chicago Board of Education Dedicated Capital Improvement Tax 6.00% 04/01/2046 | 0.54% |
| 3 | — | New York City Municipal Water Finance Authority 5.00% 06/15/2040 | 0.50% |
| 4 | — | State of Illinois 5.00% 11/01/2027 | 0.45% |
| 5 | — | State of Illinois 5.00% 11/01/2029 | 0.45% |
| 6 | — | Hudson Yards Infrastructure 5.00% 02/15/2042 | 0.32% |
| 7 | — | California Health Facilities Financing Authority 5.00% 11/01/2027 | 0.31% |
| 8 | — | State of New Jersey 5.00% 06/01/2027 | 0.29% |
| 9 | — | Triborough Bridge & Tunnel Authority 5.00% 11/15/2027 | 0.26% |
| 10 | — | Metropolitan Transportation Authority Dedicated Tax Fund 5.00% 11/15/2042 | 0.25% |
Invesco BSMR · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 6.6%
All BSMR Holdings
2,730 holdings · as of Nov 9, 2026BSMR
BSMR’s Holdings
Today| # | |||||
|---|---|---|---|---|---|
| 1 | —Pending Dividends | 1.26% | $126.25 | 0 | $4.7M |
| 2 | —Chicago Board of Education Dedicated Capital Improvement Tax 6.00% 04/01/2046 | 0.54% | $53.66 | 2.0M | $2.0M |
| 3 | —State of Illinois 5.00% 11/01/2027 | 0.45% | $45.14 | 1.7M | $1.7M |
| 4 | —State of Illinois 5.00% 11/01/2029 | 0.45% | $45.03 | 1.7M | $1.7M |
| 5 | —Hudson Yards Infrastructure 5.00% 02/15/2042 | 0.32% | $31.97 | 1.2M | $1.2M |
| 6 | —California Health Facilities Financing Authority 5.00% 11/01/2027 | 0.31% | $30.94 | 1.1M | $1.2M |
| 7 | —State of New Jersey 5.00% 06/01/2027 | 0.29% | $28.70 | 1.1M | $1.1M |
| 8 | —New York City Municipal Water Finance Authority 5.00% 06/15/2040 | 0.27% | $26.96 | 1.0M | $1.0M |
| 9 | —New York City Municipal Water Finance Authority 5.00% 06/15/2040 | 0.23% | $23.05 | 855K | $863K |
| 10 | —Texas Water Development Board 5.00% 10/15/2047 | 0.22% | $21.96 | 820K | $822K |
| 11 | —City of Houston TX Combined Utility System Revenue 5.00% 11/15/2042 | 0.22% | $21.81 | 810K | $816K |
| 12 | —New York State Dormitory Authority 5.00% 07/01/2041 | 0.19% | $19.12 | 720K | $716K |
| 13 | —Maryland Health & Higher Educational Facilities Authority 3.75% 07/01/2036 | 0.19% | $19.11 | 715K | $715K |
| 14 | —Chicago O'Hare International Airport 5.00% 01/01/2052 | 0.19% | $18.96 | 720K | $709K |
| 15 | —Geisinger Authority 5.00% 02/15/2045 | 0.18% | $18.32 | 685K | $686K |
Invesco BSMR · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026
How It Compares
BSMR
Invesco BulletShares 2027 Municipal Bond ETF’s Peers
YTDMunicipal peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM
Head to Head
Put BSMR head to head with MUB →MUB vs BSMR
YTDYear to date
BSMR wins+1.1 pts
Past year
BSMR wins+1.5 pts
Fee
MUB winslower fee
Yield
MUB wins+0.5 pts
AUM
MUB147.1× more
2–2level
iShares MUB and Invesco BSMR · year-to-date · as of Nov 10, 2026 · AUM not scored
BSMR vs VOO
YTDBSMR · Invesco BulletShares 2027 Municipal Bond
+1.8%
VOO · S&P 500
+11.3%
Gap
9.5 pts
Invesco BSMR and Vanguard VOO · YTD total return · as of Nov 10, 2026
BSMR vs Its Peer Average
YTDBSMRAvsBPeer average
1D0.0%+0.1%
1M+1.2%+3.9%
3M+0.2%−0.1%
YTD+1.8%+1.2%
1Y+2.6%+1.5%
3Y+12.0%+14.6%
5Y+3.7%+3.2%
4–3BSMR wins
165 Municipal peers · each row scaled to its leader
How Bumpy Is BSMR?
ViewBSMR
How Bumpy
1Y0.1×the S&P 500’s swings
CalmerBumpierS&P 1×BSMR
Calm rank among 7 municipal funds#2
Other municipal funds0.1× to 0.3×
Invesco BSMR · daily swings over the past year vs the S&P 500
BSMR
Worst Drop
1Y−1.9%from its Aug 21 high
Still below the highAt its high
$10,000 at the high is now$10,000
Invesco BSMR · fall from the highest close, past year
BSMR
On a Bad Day
1Y0.0×the S&P 500’s fall
BSMR’s worst day: Monday, Sep 28Up days47 of every 100
S&P 500 up days52 of every 100
Invesco BSMR · average move on days the S&P 500 fell
BSMR
Return for the Bumps
1Y#5 of 7 municipal fundsEvery fund here earned less than cash (3.8%) over the past year; the bars still rank them by return for the bumps.
Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%
BSMR
Cost
Today$18a year per $10,000
Expense ratio 0.18%, taken from the fund’s value
BSMR
Volatility & Beta
1Y1.7%annual volatility
S&P 500 volatility13.7%
Downside volatility1.1%
Beta vs SPY0.01
Correlation vs SPY0.09
Lowest beta of 7 municipal fundsBSMR
Daily total returns × √252 · past 254 trading days
BSMR
Max Drawdown
1Y−1.9%peak to trough
Peak closeAug 21, 2026
Current drawdownAt its high
Worst day−0.39% · Sep 28
Closing prices, dividends in
BSMR
Up / Down Capture
1Y2%down capture vs SPY
Up ÷ down capture2.62
Up days46.9% (S&P 52.4%)
Average daily move on SPY up days and down days
BSMR
Sharpe & Sortino vs Peers
1YSharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only
BSMR
Trading
Today+0.08%above its holdings’ value
Close$23.56
NAV$23.54
Fee per $10,000$18 a year
Avg. volume 30D117K shares
Close vs net asset value, Nov 9
The Details
BSMR
Fund Facts
Today2019launched Sep 25
Tracks[…]
Exchange · CUSIPNASDAQ · 46138J494
StructureETF
Leverage1x
Cost on $10,000$18 a year
Go deeper
Invesco BSMR · fund facts · as of Nov 10, 2026
BSMR
Payouts by Year
6Y$0.0565per share, Oct 2026
Distribution yield2.7%
PaidEvery month
Latest ex-date · paidOct 19 · Oct 23, 2026
12 payouts added up$0.64 a share
Invesco BSMR · distributions by ex-date · 2021–2026
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗SEC reported portfolio · 2025-05-31 ↗SEC reported portfolio · 2025-02-28 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-11-30 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-08-31 ↗SEC reported portfolio · 2024-05-31 ↗SEC reported portfolio · 2024-02-29 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2023-11-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2023-08-31 ↗SEC reported portfolio · 2023-05-31 ↗SEC reported portfolio · 2023-02-28 ↗SEC reported portfolio · 2022-11-30 ↗summary prospectus · SEC 497K ↗
Trading & Liquidity
Net asset value$23.54
Premium / discount[…]
Median spread · 30D[…]
Volume today73K
Average volume · 30D117K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.18%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$18.00
Our risk indicator2/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Oct 19, 2026 | Oct 23, 2026 | $0.0565 |
| Sep 21, 2026 | Sep 25, 2026 | $0.0530 |
| Aug 24, 2026 | Aug 28, 2026 | $0.0545 |
| Jul 20, 2026 | Jul 24, 2026 | $0.0550 |
| Jun 22, 2026 | Jun 26, 2026 | $0.0546 |
| May 18, 2026 | May 22, 2026 | $0.0550 |
| Apr 20, 2026 | Apr 24, 2026 | $0.0513 |
| Mar 23, 2026 | Mar 27, 2026 | $0.0523 |
| Feb 23, 2026 | Feb 27, 2026 | $0.0522 |
| Jan 20, 2026 | Jan 23, 2026 | $0.0532 |
| Dec 22, 2025 | Dec 26, 2025 | $0.0521 |
| Nov 24, 2025 | Nov 28, 2025 | $0.0516 |
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