Invesco BulletShares 2028 Municipal Bond ETF
BSMS
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Sep 26, 2019
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2028 Municipal Bond ETF (BSMS) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Invesco BulletShares USD Municipal Bond 2028 Index, which measures a portfolio of U.S. dollar-denominated, investment-grade municipal securities issued by U.S. states, state agencies, or local governments with effective maturities in or prior to 2028; the fund invests at least 80% of its total assets in such municipal bonds that comprise the index, utilizing a sampling methodology, and provides monthly income distributions that are generally exempt from federal income taxes, including the alternative minimum tax. Core offerings include a diversified basket of approximately 1,674 holdings predominantly in municipal tax-exempt bonds rated AAA to BBB, with top sectors encompassing state general obligations, revenue bonds from educational facilities, transportation authorities, and local governments; key holdings feature Triborough Bridge & Tunnel Authority 5.00% due 02/01/2028, Los Angeles Unified School District 5.00% due 07/01/2028, and State of Illinois 5.00% due 11/01/2028, alongside a weighted average yield to worst reflecting high credit quality and limited interest-rate sensitivity. Launched on September 25, 2019, and domiciled in the United States with shares listed on Nasdaq, the ETF operates within the muni target maturity category, targeting investors seeking tax-advantaged fixed income exposure across U.S. geographic regions, particularly high-tax-bracket individuals building bond ladders for predictable principal return and income. Recent developments include sustained monthly dividend distributions through 2025, with ex-dates such as August 18, 2025 at $0.05743 per share and July 21, 2025 at $0.05837 per share, alongside portfolio rebalancing to maintain alignment with the index as the fund approaches its designated maturity and termination on or about December 15, 2028, when it will unwind and distribute principal to shareholders; no major acquisitions, partnerships, or strategic shifts reported in the last 1-2 years, though the broader BulletShares suite continues to emphasize laddering strategies amid evolving municipal bond market conditions. Managed by Invesco Capital Management LLC with a net expense ratio of 0.18% and total net assets of approximately $166.57 million as of recent data, BSMS exhibits typical ETF liquidity and diversification benefits over individual bonds.