ATLASInvesco BulletShares 2031 Municipal Bond ETF (BSMV): outlook, holdings and fees
Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.17% and the yield is 3.01%. The ten largest holdings are 37% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on BSMV
| Last price | $20.51 (+0.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 67% |
| Likely 1-month range (50%) | $20.45 – $20.81 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 3.01% |
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.
BSMV fund facts
| Issuer | Invesco |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $197M |
| Expense ratio | 0.17% |
| Number of holdings | 99 |
| Portfolio turnover | 6% |
| Inception | Sep 15, 2021 |
| 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 2031 (collectively, "2031 Bonds").
BSMV top holdings
| Holding | Sector | Weight |
|---|---|---|
| State of Washington-5.00%-8-1-2040 | – | 4.69% |
| City of New York NY-5.00%-3-1-2042 | – | 4.35% |
| New York State Dormitory Authority-5.00%-3-15-2033 | – | 4.17% |
| New York City Transitional Finance Authority Future Tax Secu-5.00%-11-1-2034 | – | 4.08% |
| Illinois Finance Authority-4.00%-8-15-2040 | – | 3.55% |
| New York State Thruway Authority-4.00%-3-15-2038 | – | 3.65% |
| University of California-4.00%-5-15-2046 | – | 3.51% |
| Maryland State Transportation Authority-5.00%-7-1-2046 | – | 3.30% |
| State of Connecticut-3.00%-1-15-2034 | – | 3.30% |
| Washington Metropolitan Area Transit Authority-3.00%-7-15-2043 | – | 2.71% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
BSMV returns and risk
| Year to date | -3.6% |
|---|---|
| 1 year | -2.4% |
| 3 years (annualised) | +3.4% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 6.0% |
| Sharpe ratio (3 years) | -0.25 |
Past returns do not guarantee future results.
BSMV: frequently asked questions
What does BSMV invest in?
Invesco BulletShares 2031 Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are State of Washington-5.00%-8-1-2040 (4.7%), City of New York NY-5.00%-3-1-2042 (4.3%), New York State Dormitory Authority-5.00%-3-15-2033 (4.2%), New York City Transitional Finance Authority Future Tax Secu-5.00%-11-1-2034 (4.1%), Illinois Finance Authority-4.00%-8-15-2040 (3.5%).
What is the BSMV expense ratio?
0.17% a year: about $17.00 for every $10,000 invested.
What is the BSMV dividend yield?
3.01%. ATLAS does not hold the exact distribution dates for ETFs.
Will BSMV go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 67%, with a likely range (50%) of $20.45 to $20.81 from $20.51 today. It is a probability, not a prediction.
How has BSMV performed?
Year to date -3.6%, one year -2.4%, three years +3.4% a year, five years 0.0% 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