BSMVInvesco BulletShares 2031 Municipal Bond ETF
Tracks the investment results of the Invesco BulletShares ® Municipal Bond 2031 Index.
By Invesco · Launched 2021
Annual Cost
0.18%
#790 of 6,033 · low cost
Fund Size
$192M
#2,490 of 6,033 · mid-size
Return (1Y)
-0.8%
Track Record
5 years
#2,424 of 6,033 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$9,893-1.1%
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 2031 Index
Holdings
By weightConcentration
Top 10 holdings = 4.4% of funddiversified
Triborough Bridge & Tunnel Authority
0.7%
New Jersey (State of)
0.7%
Illinois (State of) Toll Highway Authority
0.6%
University of California (Limited)
0.4%
California (State of) Health Facilities Financing Authority (Cedars Sinai Health System)
0.4%
California (State of)
0.3%
California (State of)
0.3%
California (State of) (Bid Group C)
0.3%
Massachusetts (Commonwealth of)
0.3%
Intermountain Power Agency
0.3%
Asset allocation
Bonds
99.9%
Cash
0.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.5%Low
Year-on-year price swings
Max drawdown
-20.7%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.29Below average
Sortino (3Y)
-0.38Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.6 years
Credit ratings
AAA
16.9%
AA
69.2%
A
13.3%
BBB
0.5%
Other
0.1%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Tracks the investment results of the Invesco BulletShares ® Municipal Bond 2031 Index.
- Strategy
- Invests at least 80% of total assets in U.S. dollar-denominated investment-grade municipal bonds with maturities in 2031, using a sampling methodology to track the Invesco BulletShares ® Municipal Bond 2031 Index. Bonds must be rated at least BBB- by S&P and exempt from federal income tax.
- Inception date
- September 15, 2021
- Fund family
- Invesco
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Data updated on 2026-09-16