Key stats
About Invesco BulletShares 2028 Municipal Bond ETF
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Inception date
Sep 25, 2019
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46138J4866
As part of Invescos AMT-Free Muni Term ETF suite, BSMS behaves more like a bond than a typical bond fund. The fund provides bullet maturityin this case 2028instead of perpetual exposure to a maturity pocket of the muni space. As the fund ages, its maturity, duration, and YTM will continue to decline. On its target date, BSMS will unwind and return all capital to investors. Coupon payments received from underlying securities are exempted from both the federal income tax and the alternative minimum tax. As such, BSMS can be used as a building block for a tax-exempted bond ladder.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal94.56%
Cash5.44%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BSMS last dividends amounted to 0.06 USD. The month before, the issuer paid 0.06 USD in dividends, which shows a 1.64% decrease.
BSMS assets under management is 214.07 M USD. It's risen 6.25% over the last month.
BSMS fund flows account for 92.88 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BSMS pays dividends to its holders with the dividend yield of 2.84%. The last dividend (Aug 22, 2025) amounted to 0.06 USD. The dividends are paid monthly.
BSMS shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Sep 25, 2019, and its management style is Passive.
BSMS expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
BSMS follows the Invesco BulletShares Municipal Bond 2028 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BSMS invests in bonds.
BSMS price has risen by 0.37% over the last month, and its yearly performance shows a −0.30% decrease. See more dynamics on BSMS price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.64% increase in three-month performance and has increased by 2.14% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.64% increase in three-month performance and has increased by 2.14% in a year.
BSMS trades at a premium (0.30%) meaning the ETF is trading at a higher price than the calculated NAV.