BSMTInvesco BulletShares 2029 Municipal Bond ETF
Tracks the investment results of the Invesco BulletShares Municipal Bond 2029 Index.
By Invesco · Launched 2019
Annual Cost
0.18%
#790 of 6,033 · low cost
Fund Size
$290M
#2,118 of 6,033 · mid-size
Return (1Y)
-0.0%
Track Record
6 years
#1,946 of 6,033 · established
Performance
Total-return NAV · USDGrowth of $10,000
$9,976-0.2%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
Invesco BulletShares Municipal Bond 2029 Index
Holdings
By weightConcentration
Top 10 holdings = 4.0% of funddiversified
Triborough Bridge & Tunnel Authority
0.5%
New Jersey (State of)
0.5%
New York (City of), NY
0.5%
Hillsborough (County of), FL Industrial Development Authority (Baycare Health System)
0.4%
New York (City of), NY Transitional Finance Authority
0.4%
Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Vanderbilt Univ Medical Center)
0.4%
New Jersey (State of) Turnpike Authority
0.3%
California (State of)
0.3%
Pennsylvania (Commonwealth of)
0.3%
University of California
0.3%
Asset allocation
Bonds
99.7%
Cash
0.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.0%Low
Year-on-year price swings
Max drawdown
-16.2%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.29Below average
Sortino (3Y)
-0.39Moderate downside risk
Bond profile
Duration
4.9 years
Avg maturity
10.4 years
Credit ratings
AAA
16.8%
AA
61.3%
A
20.1%
BBB
1.9%
BB
0.0%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Tracks the investment results of the Invesco BulletShares Municipal Bond 2029 Index.
- Strategy
- Invests primarily in U.S. dollar-denominated investment-grade municipal bonds with maturities in 2029, using a sampling methodology to track the Invesco BulletShares Municipal Bond 2029 Index. Bonds must be rated at least BBB- or Baa3 and exempt from federal income tax.
- Inception date
- September 25, 2019
- Fund family
- Invesco
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save BSMT to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-16