ATLASInvesco BulletShares 2027 Municipal Bond ETF (BSMR): outlook, holdings and fees
Invesco BulletShares 2027 Municipal Bond ETF (BSMR) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.18% and the yield is 2.84%. The ten largest holdings are 18% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on BSMR
| Last price | $23.53 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $23.22 – $24.10 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 2.84% |
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.
BSMR fund facts
| Issuer | Invesco |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $364M |
| Expense ratio | 0.18% |
| Number of holdings | 10 |
| Portfolio turnover | 2% |
| 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 2027 (collectively, "2027 Bonds").
BSMR top holdings
| Holding | Sector | Weight |
|---|---|---|
| WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% | – | 2.46% |
| GEORGIA ST 5% | – | 2.28% |
| CUYAHOGA CNTY OHIO HOSP REV 5% | – | 2.06% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | – | 1.97% |
| ILLINOIS ST 5% | – | 1.87% |
| HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5% | – | 1.89% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | – | 1.51% |
| CALIFORNIA ST 3% | – | 1.51% |
| MT PLEASANT S C WTR & SWR REV 4% | – | 1.47% |
| MASSACHUSETTS ST 5% | – | 1.27% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
BSMR returns and risk
| Year to date | +0.4% |
|---|---|
| 1 year | +0.9% |
| 3 years (annualised) | +3.3% |
| 5 years (annualised) | +0.4% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 2.9% |
| Sharpe ratio (3 years) | -0.38 |
Past returns do not guarantee future results.
BSMR: frequently asked questions
What does BSMR invest in?
Invesco BulletShares 2027 Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% (2.5%), GEORGIA ST 5% (2.3%), CUYAHOGA CNTY OHIO HOSP REV 5% (2.1%), MASSACHUSETTS ST DEV FIN AGY REV 5% (2.0%), ILLINOIS ST 5% (1.9%).
What is the BSMR expense ratio?
0.18% a year: about $18.00 for every $10,000 invested.
What is the BSMR dividend yield?
2.84%. ATLAS does not hold the exact distribution dates for ETFs.
Will BSMR 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 $23.22 to $24.10 from $23.53 today. It is a probability, not a prediction.
How has BSMR performed?
Year to date +0.4%, one year +0.9%, three years +3.3% 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