ATLASInvesco BulletShares 2026 Municipal Bond ETF (BSMQ): outlook, holdings and fees
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.18% and the yield is 2.85%. The ten largest holdings are 12% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on BSMQ
| Last price | $23.48 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $23.17 – $24.05 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 2.85% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
BSMQ fund facts
| Issuer | Invesco |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $260M |
| Expense ratio | 0.18% |
| Number of holdings | 10 |
| Portfolio turnover | 7% |
| Inception | Sep 25, 2019 |
| Exchange | NASDAQ |
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 2026 (collectively, "2026 Bonds").
BSMQ top holdings
| Holding | Sector | Weight |
|---|---|---|
| INDIANA MUN PWR AGY PWR SUPPLY SYS REV 5% | – | 1.58% |
| INDIANAPOLIS IND WTR SYS REV 5% | – | 1.37% |
| DALLAS TEX 5% | – | 1.31% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5% | – | 1.28% |
| MICHIGAN FIN AUTH REV 5% | – | 1.24% |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 4% | – | 1.24% |
| NEW YORK N Y 4% | – | 1.19% |
| CALIFORNIA ST 5% | – | 1.10% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | – | 1.10% |
| ILLINOIS ST 5% | – | 0.99% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
BSMQ returns and risk
| Year to date | +1.1% |
|---|---|
| 1 year | +1.9% |
| 3 years (annualised) | +3.4% |
| 5 years (annualised) | +0.4% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 2.1% |
| Sharpe ratio (3 years) | -0.49 |
Past returns do not guarantee future results.
BSMQ: frequently asked questions
What does BSMQ invest in?
Invesco BulletShares 2026 Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are INDIANA MUN PWR AGY PWR SUPPLY SYS REV 5% (1.6%), INDIANAPOLIS IND WTR SYS REV 5% (1.4%), DALLAS TEX 5% (1.3%), TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5% (1.3%), MICHIGAN FIN AUTH REV 5% (1.2%).
What is the BSMQ expense ratio?
0.18% a year: about $18.00 for every $10,000 invested.
What is the BSMQ dividend yield?
2.85%. ATLAS does not hold the exact distribution dates for ETFs.
Will BSMQ go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $23.17 to $24.05 from $23.48 today. It is a probability, not a prediction.
How has BSMQ performed?
Year to date +1.1%, one year +1.9%, three years +3.4% a year, five years +0.4% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer