Invesco BulletShares 2032 Municipal Bond ETFBSMW

InvescoBonds & CashMunicipal#479 of 786 by YTD

$24.49

+0.3% last session

+0.2% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 5, 2026BSMWS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.3%	+4.3%	−0.6%	+0.2%	+0.4%	+14.8%	—	+10.5%
Peer average	+0.3%	+4.1%	−0.5%	+0.9%	+1.2%	+15.4%	+2.9%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $242M
Expense ratio: 0.18%
Distribution yield: 3.3%
NAV: $24.42
Volume: 35K
Avg. volume 30D: 117K
High today: $24.50
Low today: $24.43
Previous close: $24.42
52-week high: $25.57
52-week low: $23.36
Our risk indicator: 2/5

BSMW in One Breath

BSMW Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.7%$59.8M

#2MYMGSPDR+2.4%$8.6M

#3TAXTFlexShares+2.4%$198M

#4SMMUPIMCO+2.3%$1.3B

#5SHYMiShares+2.2%$929M

#6FTMSFranklin Templeton+2.1%$266M

#7MUNAFlexShares+2.0%$8.0M

#8CGSMCapital Group+2.0%$1.7B

#110BSMWInvesco+0.2%$242M

End-of-day Nov 6, 2026 · 141 Municipal ETFs by YTD

$10,000 in BSMW

$10,000 in BSMW became

$11,051

In the S&P 500 (VOO)

$19,529

Total return, dividends in · Mar 1, 2023 – Nov 5, 2026 · S&P 500 uses VOO

BSMW’s Top Holdings

Today

Alabama Toll RAlabama Toll Road Bridge and Tunnel Authority 5.00% 10/01/20322.0%USD Pending 1.2%New York Cit0.4%Regents of t0.4%New York Cit0.4%Iowa Finance0.4%University o0.4%University o0.3%Los Angeles 0.3%State of New0.3%City of New 0.3%Triborough B0.3%State of Cal0.2%New York Cit0.2%Illinois Fin0.2%Texas Depart0.2%Triborough B0.2%New York Sta0.2%State of Mar0.2%New York Sta0.2%State of Cal0.2%Los Angeles 0.2%

Invesco BSMW · 2,021 holdings · top 22 shown · tile size = share of the fund · as of Nov 5, 2026

What BSMW Holds

Today

All holdings100.0%

Alabama To 2.0 · USD Pendin 1.2 · New York C · Regents of · New York C · Iowa Finan · University

Invesco BSMW · share of the fund · as of Nov 5, 2026

Alabama’s Share of BSMW

Today

2.0%

$20 of every $1,000 in BSMW is Alabama

Alabama held by BSMW

$4.9M

Invesco BSMW · each square = $10 of $1,000 · as of Nov 5, 2026

BSMW’s Share of Municipal ETFs

Today

0.1%

of the $245B in 166 Municipal ETFs

BSMW$242M0.1%

MUB$54.9B22.4%

VTEB$49.6B20.2%

163 others$141B57.3%

Municipal ETF AUM · Nov 6, 2026

BSMW 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

BSMW$0.18

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 6, 2026

Inside BSMW

2,021 holdings · as of Nov 5, 2026

BSMW

Invesco BulletShares 2032 Municipal Bond ETF

Today

All holdings100.0%2,013 more holdings94.4% of the fund

All holdings100.0%2,015 more holdings95.1% of the fund

#	Ticker	Company	Weight ▼
1	—	Alabama Toll Road Bridge and Tunnel Authority 5.00% 10/01/2032	2.03%
2	—	Pending Dividends	1.17%
3	—	New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 02/01/2047	0.44%
4	—	Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047	0.44%
5	—	New York City Municipal Water Finance Authority 5.25% 06/15/2052	0.43%
6	—	Iowa Finance Authority 5.00% 12/01/2050	0.36%
7	—	University of California 5.00% 05/15/2032	0.36%
8	—	University of California 5.00% 05/15/2052	0.33%
9	—	Los Angeles Unified School District/CA 5.00% 07/01/2032	0.28%
10	—	State of New Jersey 4.00% 06/01/2032	0.27%

See all 2,023 holdings ↓

Invesco BSMW · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 8.5%

All BSMW Holdings

2,023 holdings · as of Nov 5, 2026

BSMW

BSMW’s Holdings

Today

#
1	—Alabama Toll Road Bridge and Tunnel Authority 5.00% 10/01/2032	2.03%	$202.66	4.6M	$4.9M
2	—Pending Dividends	1.17%	$117.05	0	$2.8M
3	—Regents of the University of California Medical Center Pooled Revenue 5.00% 05/15/2047	0.44%	$44.20	1.1M	$1.1M
4	—New York City Municipal Water Finance Authority 5.25% 06/15/2052	0.43%	$42.90	1.0M	$1.0M
5	—Iowa Finance Authority 5.00% 12/01/2050	0.36%	$36.48	800K	$882K
6	—University of California 5.00% 05/15/2032	0.36%	$35.80	785K	$866K
7	—University of California 5.00% 05/15/2052	0.33%	$32.57	780K	$787K
8	—Los Angeles Unified School District/CA 5.00% 07/01/2032	0.28%	$27.95	615K	$676K
9	—State of New Jersey 4.00% 06/01/2032	0.27%	$26.72	620K	$646K
10	—City of New York NY 5.25% 10/01/2047	0.26%	$25.95	615K	$627K
11	—Triborough Bridge & Tunnel Authority 5.00% 11/15/2032	0.25%	$25.24	555K	$610K
12	—State of California 5.00% 09/01/2035	0.25%	$24.82	550K	$600K
13	—New York City Transitional Finance Authority Future Tax Secured Revenue 5.00% 02/01/2047	0.25%	$24.63	590K	$595K
14	—New York City Municipal Water Finance Authority 5.00% 06/15/2047	0.24%	$24.34	580K	$589K
15	—Illinois Finance Authority 5.00% 08/15/2047	0.24%	$23.97	585K	$580K

Invesco BSMW · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 5, 2026

How It Compares

BSMW

Invesco BulletShares 2032 Municipal Bond ETF’s Peers


MUB	iSharesRead Desk	0.05%	+0.9%	+0.5%	$54.9B
VTEB	VanguardRead Desk	0.03%	+0.9%	+0.6%	$49.6B
SUB	iSharesRead Desk	0.07%	+2.4%	+1.6%	$13.4B
JMUB	J.P. MorganRead Desk	0.18%	+1.1%	+0.8%	$9.1B
CGMU	Capital GroupRead Desk	0.27%	+1.7%	+1.1%	$7.6B
BSMW	InvescoThis fundRead Desk	0.18%	+0.4%	+0.2%	$242M

Municipal peers · Past-year and ytd returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put BSMW head to head with MUB →

MUB vs BSMW

YTD

MUBiShares · MunicipalBSMWInvesco · Municipal

Year to date

+0.5%

+0.2%

MUB wins+0.3 pts

Past year

+0.9%

+0.4%

MUB wins+0.5 pts

Fee

0.05%

0.18%

MUB winslower fee

Yield

3.3%

Level

AUM

$54.9B

$242M

MUB227.0× more

3–0MUB wins

iShares MUB and Invesco BSMW · year-to-date · as of Nov 6, 2026 · AUM not scored

BSMW vs VOO

BSMW · Invesco BulletShares 2032 Municipal Bond

+0.4%

VOO · S&P 500

+9.8%

Gap

9.4 pts

Invesco BSMW and Vanguard VOO · 1Y total return · as of Nov 6, 2026

BSMW vs Its Peer Average

YTD

BSMWAvsBPeer average

1D+0.3%+0.3%

1M+4.3%+4.1%

3M−0.6%−0.5%

YTD+0.2%+0.9%

1Y+0.4%+1.2%

3Y+14.8%+15.4%

5Y[…]+2.9%

2–4Peer average wins

165 Municipal peers · each row scaled to its leader

The Details

BSMW

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y3.47%

Deepest drop · 1Y−6.8%

Lowest point · 5Y−3.7%

52-week range

$24.49

$23.36−4.2% from the high$25.57

Invesco BSMW · past-year price moves · as of Nov 6, 2026

BSMW

Fund Facts

Today

2023launched Mar 1

Tracks[…]

Exchange · CUSIPNASDAQ · 46139W833

StructureETF

Leverage1x

Cost on $10,000$18 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Invesco BSMW · fund facts · as of Nov 6, 2026

BSMW

Payouts by Year

$0.0685per share, Oct 2026

Distribution yield3.3%

PaidEvery month

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

12 payouts added up$0.81 a share

Invesco BSMW · distributions by ex-date · 2023–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.

Trading & Liquidity

Net asset value$24.42

Premium / discount[…]

Median spread · 30D[…]

Volume today35K

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	$0.0685
Sep 21, 2026	Sep 25, 2026	$0.0672
Aug 24, 2026	Aug 28, 2026	$0.0735
Jul 20, 2026	Jul 24, 2026	$0.0729
Jun 22, 2026	Jun 26, 2026	$0.0697
May 18, 2026	May 22, 2026	$0.0620
Apr 20, 2026	Apr 24, 2026	$0.0684
Mar 23, 2026	Mar 27, 2026	$0.0670
Feb 23, 2026	Feb 27, 2026	$0.0658
Jan 20, 2026	Jan 23, 2026	$0.0659
Dec 22, 2025	Dec 26, 2025	$0.0633
Nov 24, 2025	Nov 28, 2025	$0.0659

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