ATLASInvesco BulletShares 2029 Municipal Bond ETF (BSMT): outlook, holdings and fees
Invesco BulletShares 2029 Municipal Bond ETF (BSMT) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.17% and the yield is 2.93%. The ten largest holdings are 15% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on BSMT
| Last price | $22.75 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 70% |
| Likely 1-month range (50%) | $22.71 – $23.05 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 2.93% |
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.
BSMT fund facts
| Issuer | Invesco |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $287M |
| Expense ratio | 0.17% |
| Number of holdings | 10 |
| Portfolio turnover | 6% |
| 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 2029 (collectively, "2029 Bonds").
BSMT top holdings
| Holding | Sector | Weight |
|---|---|---|
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% | – | 1.91% |
| PENNSYLVANIA ST TPK COMMN TPK REV 5% | – | 1.94% |
| ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% | – | 1.68% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | – | 1.72% |
| MASSACHUSETTS ST 5% | – | 1.59% |
| PRIVATE COLLEGES & UNIVS AUTH GA REV 5% | – | 1.26% |
| WASHINGTON ST 5% | – | 1.27% |
| EAST BAY CALIF MUN UTIL DIST WTR SYS REV 5% | – | 1.20% |
| MULTNOMAH CNTY ORE 5% | – | 1.20% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | – | 1.23% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
BSMT returns and risk
| Year to date | -1.6% |
|---|---|
| 1 year | -0.7% |
| 3 years (annualised) | +3.3% |
| 5 years (annualised) | -0.5% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 4.5% |
| Sharpe ratio (3 years) | -0.33 |
Past returns do not guarantee future results.
BSMT: frequently asked questions
What does BSMT invest in?
Invesco BulletShares 2029 Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% (1.9%), PENNSYLVANIA ST TPK COMMN TPK REV 5% (1.9%), ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% (1.7%), NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% (1.7%), MASSACHUSETTS ST 5% (1.6%).
What is the BSMT expense ratio?
0.17% a year: about $17.00 for every $10,000 invested.
What is the BSMT dividend yield?
2.93%. ATLAS does not hold the exact distribution dates for ETFs.
Will BSMT go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 70%, with a likely range (50%) of $22.71 to $23.05 from $22.75 today. It is a probability, not a prediction.
How has BSMT performed?
Year to date -1.6%, one year -0.7%, three years +3.3% a year, five years -0.5% 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