Key stats
About Invesco BulletShares 2034 Municipal Bond ETF
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Inception date
Sep 11, 2024
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
US46139W7671
As part of Invesco's AMT-Free Muni Term ETF suite, BSMY behaves more like a bond than a typical bond fund. The fund provides bullet maturity in this case 2034, instead 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, BSMY 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, BSMY 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%
Municipal99.45%
Cash0.55%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BSMY last dividends amounted to 0.06 USD. The month before, the issuer paid 0.06 USD in dividends, which shows a 4.97% decrease.
BSMY assets under management is 56.58 M USD. It's fallen 0.01% over the last month.
BSMY fund flows account for 39.94 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, BSMY pays dividends to its holders with the dividend yield of 3.27%. The last dividend (Aug 22, 2025) amounted to 0.06 USD. The dividends are paid monthly.
BSMY shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Sep 11, 2024, and its management style is Passive.
BSMY expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
BSMY follows the Invesco BulletShares Municipal Bond 2034 Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BSMY invests in bonds.
BSMY price has risen by 0.33% over the last month, and its yearly performance shows a −5.45% decrease. See more dynamics on BSMY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.17% increase in three-month performance and has decreased by −1.23% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.17% increase in three-month performance and has decreased by −1.23% in a year.
BSMY trades at a premium (0.33%) meaning the ETF is trading at a higher price than the calculated NAV.