Invesco BulletShares 2028 Municipal Bond ETFBSMS

InvescoBonds & CashMunicipal#273 of 785 by YTD

$23.20

−0.1% last session

+1.0% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 5, 2026 – Nov 3, 2026BSMSS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	+1.6%	+0.1%	+1.0%	+2.0%	+12.8%	+1.4%	+8.6%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $357M
Expense ratio: 0.18%
Distribution yield: 2.8%
NAV: $23.16
Volume: 67K
Avg. volume 30D: 145K
High today: $23.25
Low today: $23.16
Previous close: $23.22
52-week high: $23.70
52-week low: $22.63
Our risk indicator: 2/5

BSMS in One Breath

BSMS Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#33BSMSInvesco+1.0%$357M

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in BSMS

$10,000 in BSMS became

$10,140

In the S&P 500 (VOO)

$17,749

Total return, dividends in · Oct 26, 2021 – Nov 3, 2026 · S&P 500 uses VOO

BSMS’s Top Holdings

Today

USD Pending DiPending Dividends1.2%State of Ill0.5%Texas Water 0.5%Triborough B0.4%North Texas 0.4%State of New0.3%Los Angeles 0.3%CASH & EQUIV0.3%Grand Parkwa0.3%New Jersey E0.3%Triborough B0.3%Los Angeles 0.3%State of Cal0.3%Los Angeles 0.2%Grand Parkwa0.2%County of Cl0.2%Las Vegas Co0.2%Illinois Sta0.2%Commonwealth0.2%Commonwealth0.2%City of New 0.2%New York Sta0.2%

Invesco BSMS · 2,403 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What BSMS Holds

Today

All holdings100.0%

USD Pendin 1.2 · State of I · Texas Wate · Triborough · North Texa · State of N · Los Angele

Invesco BSMS · share of the fund · as of Nov 3, 2026

Pending’s Share of BSMS

Today

1.2%

$12 of every $1,000 in BSMS is Pending

Pending held by BSMS

$4.4M

Invesco BSMS · each square = $10 of $1,000 · as of Nov 3, 2026

BSMS’s Share of Municipal ETFs

Today

0.1%

of the $244B in 166 Municipal ETFs

BSMS$357M0.1%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$139B57.2%

Municipal ETF AUM · Nov 4, 2026

BSMS Fee per $100 vs Peers

Today

$0.18a year
per $100

$18 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

BSMS$0.18

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside BSMS

2,403 holdings · as of Nov 3, 2026

BSMS

Invesco BulletShares 2028 Municipal Bond ETF

Today

All holdings100.0%2,396 more holdings96.3% of the fund

All holdings100.0%2,397 more holdings96.7% of the fund

#	Ticker	Company	Weight ▼
1	—	Pending Dividends	1.22%
2	—	State of Illinois 5.00% 11/01/2028	0.50%
3	—	Texas Water Development Board 5.00% 04/15/2049	0.45%
4	—	Triborough Bridge & Tunnel Authority 5.00% 02/01/2028	0.43%
5	—	North Texas Tollway Authority 5.00% 01/01/2043	0.41%
6	—	State of New Jersey 5.00% 06/01/2028	0.34%
7	—	Los Angeles Department of Water & Power 5.00% 07/01/2028	0.33%
8	—	Cash & Equivalents	0.29%
9	—	Grand Parkway Transportation 5.00% 10/01/2043	0.27%
10	—	New Jersey Economic Development Authority 5.00% 03/01/2028	0.27%

Invesco BSMS · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 6.8%

How It Compares

BSMS

Invesco BulletShares 2028 Municipal Bond ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.5B
BSMS	InvescoThis fundRead Desk	0.18%	+1.0%	+2.0%	$357M

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put BSMS head to head with MUB →

MUB vs BSMS

YTD

MUBiShares · MunicipalBSMSInvesco · Municipal

Year to date

−0.4%

+1.0%

BSMS wins+1.4 pts

Past year

+0.1%

+2.0%

BSMS wins+1.9 pts

Fee

0.05%

0.18%

MUB winslower fee

Yield

3.3%

2.8%

MUB wins+0.5 pts

AUM

$54.5B

$357M

MUB152.8× more

2–2level

iShares MUB and Invesco BSMS · year-to-date · as of Nov 4, 2026 · AUM not scored

BSMS vs VOO

YTD

BSMS · Invesco BulletShares 2028 Municipal Bond

+1.0%

VOO · S&P 500

+11.5%

Gap

10.5 pts

Invesco BSMS and Vanguard VOO · YTD total return · as of Nov 4, 2026

BSMS vs Its Peer Average

YTD

BSMSAvsBPeer average

1D−0.1%0.0%

1M+1.6%+2.9%

3M+0.1%−0.9%

YTD+1.0%+0.3%

1Y+2.0%+0.6%

3Y+12.8%+14.6%

5Y+1.4%+2.5%

3–4Peer average wins

165 Municipal peers · each row scaled to its leader

The Details

BSMS

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y2.03%

Deepest drop · 1Y−3.0%

Lowest point · 5Y−12.7%

52-week range

$23.20

$22.63−2.1% from the high$23.70

Invesco BSMS · past-year price moves · as of Nov 4, 2026

BSMS

Fund Facts

Today

2019launched Sep 25

Tracks[…]

Exchange · CUSIPNASDAQ · 46138J486

StructureETF

Leverage1x

Cost on $10,000$18 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Invesco BSMS · fund facts · as of Nov 4, 2026

BSMS

Payouts by Year

$0.0564per share, Oct 2026

Distribution yield2.8%

PaidEvery month

Latest ex-date · paidOct 19 · Oct 23, 2026

12 payouts added up$0.65 a share

Invesco BSMS · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$23.16

Premium / discount[…]

Median spread · 30D[…]

Volume today67K

Average volume · 30D145K

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	$0.0564
Sep 21, 2026	Sep 25, 2026	$0.0535
Aug 24, 2026	Aug 28, 2026	$0.0583
Jul 20, 2026	Jul 24, 2026	$0.0558
Jun 22, 2026	Jun 26, 2026	$0.0563
May 18, 2026	May 22, 2026	$0.0556
Apr 20, 2026	Apr 24, 2026	$0.0516
Mar 23, 2026	Mar 27, 2026	$0.0529
Feb 23, 2026	Feb 27, 2026	$0.0527
Jan 20, 2026	Jan 23, 2026	$0.0539
Dec 22, 2025	Dec 26, 2025	$0.0530
Nov 24, 2025	Nov 28, 2025	$0.0545

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