ETF Evaluator:
Invesco BulletShares 2030 Muncpl Bd ETF ()
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(as of Aug 26)
Best Performing in Muni Target Maturity Over the Last Year
| 5.8% | Invesco BulletShares 2034 Muncpl Bd ETF (BSMY) |
| 5.3% | Invesco BulletShares 2033 Muncpl Bd ETF (BSSX) |
| 4.7% | Invesco BulletShares 2032 Muncpl Bd ETF (BSMW) |
| 3.8% | State Street® My2030 Municipal Bond ETF (MYMJ) |
| 3.7% | State Street® My2028 Municipal Bond ETF (MYMH) |
Risk
Index
Risk
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ETF Details
Invesco BulletShares 2030 Muncpl Bd ETF Overview
Invesco BulletShares 2030 Muncpl Bd ETF (BSMU) is a passively managed Municipal Bond Muni Target Maturity exchange-traded fund (ETF). Invesco launched the ETF in 2020.
The investment seeks to track the investment results (before fees and expenses) of the Invesco BulletShares® Municipal Bond 2030 Index.
The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2030 (collectively, “2030 Bonds”). It does not purchase all of the securities in the index; instead, the fund utilizes a "sampling" methodology to seek to achieve its investment objective.
About Invesco BulletShares 2030 Muncpl Bd ETF (BSMU)
There are 3 members of the management team with an average tenure of 4.78 years: Peter Hubbard (2020), Jeremy Neisewander (2020) and Daniel Michalak (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Invesco BulletShares Muni Bd 2030 USD index with a weighting of 100%. Invesco BulletShares 2030 Muncpl Bd ETF has 1753 securities in its portfolio. The top 10 holdings constitute 4.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco BulletShares 2030 Muncpl Bd ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. Invesco BulletShares 2030 Muncpl Bd ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.9% (99.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco BulletShares 2030 Muncpl Bd ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $274 million in total assets, which is above the $171 million average for the Muni Target Maturity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BSMU Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco BulletShares 2030 Muncpl Bd ETF expense ratio is low compared to funds in the Muni Target Maturity category. Invesco BulletShares 2030 Muncpl Bd ETF has an expense ratio of 0.18%, which is 2% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco BulletShares 2030 Muncpl Bd ETF has a portfolio turnover rate of 11%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 24% for the Muni Target Maturity category.
Recently, in the month of July 2026, Invesco BulletShares 2030 Muncpl Bd ETF returned -1.0%, which earned it a grade of C, as the Muni Target Maturity category had an average return of -1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco BulletShares 2030 Muncpl Bd ETF has a trailing yield of 2.81%, which is above the 2.79% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco BulletShares 2030 Muncpl Bd ETF Grades
Year to date, the ETF has returned 0.0%, 0.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.2% over the past year (grade of C), 2.5% over the past three years (grade of F) and -1.0% per year over the past five years (grade of F).
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BSMU Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BSMU Return (NAV) | -1.0% | -0.4% | 3.2% | 2.5% | -1.0% | na |
| BSMU Return (Price) | -1.2% | -0.6% | 3.1% | 2.4% | -1.1% | na |
| NAV +/- Price Return | 0.243% | 0.154% | 0.102% | 0.074% | 0.068% | na |
| Muni Target Maturity Avg | -1.0% | -0.3% | 3.3% | 2.7% | 0.1% | na |
| BSMU Grade (NAV) | C | C | C | F | F | na |
| +/- Category (NAV) | -0.0% | -0.1% | -0.1% | -0.3% | -1.1% | na |
| BSMU Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
BSMU Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BSMU Return (NAV) | 0.0% | 3.9% | 0.2% | 6.1% | -13.6% | 1.5% | na | na | na | na | na |
| BSMU Return (Price) | -0.3% | 4.4% | -0.3% | 6.3% | -13.8% | 1.9% | na | na | na | na | na |
| NAV +/- Price Ret | -15.179% | 0.115% | -2.340% | 0.033% | 0.015% | 0.281% | na | na | na | na | na |
| Muni Target Maturity Avg | 0.5% | 3.6% | 0.9% | 4.5% | -9.3% | 0.7% | 6.0% | na | na | na | na |
| BSMU Grade (NAV) | D | B | D | A | F | A | na | na | na | na | na |
| +/- Category | -0.5% | 0.3% | -0.7% | 1.6% | -4.3% | 0.7% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.92 |
| R-Squared: | 95% |
| Standard Deviation: | 5.4% |
| Category Risk Index: | 1.34 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.44 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 2.8% |
| Total Assets: | $ 275 Mil |
| Share Class Assets: | $ 275 Mil |
| Turnover: | 11.0% |
| Expense Ratio: | 0.18% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg Municipal TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 5.9 years | |||
| Average Tenure: 4.8 years | |||
| Managers (Year): Hubbard Peter (2020), Neisewander Jeremy (2020), Michalak Daniel (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 1753 |
| % in Top 10 Holdings: | 4.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.9% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invesco.com |
| Inception Date: | September 16, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.18% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.18% |
