Invesco BulletShares 2029 Municipal Bond ETF
BSMT
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
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Sep 25, 2019
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2029 Municipal Bond ETF (BSMT) is an exchange-traded fund that tracks the Invesco BulletShares USD Municipal Bond 2029 Index, investing at least 80% of its total assets in a portfolio of U.S. dollar-denominated, investment-grade municipal bonds issued by states, state agencies, and local governments with effective maturities in 2029. The fund employs a representative sampling methodology rather than holding all index securities, focuses on fixed-rate bonds with distributions generally exempt from federal taxes including the alternative minimum tax, and features a designated maturity date of December 15, 2029, after which it will terminate and distribute principal to shareholders. Core holdings as of late 2025 include municipal securities from issuers such as City of New York NY, Triborough Bridge & Tunnel Authority, State of New Jersey, and State of California, alongside cash equivalents comprising approximately 3.63% of assets; the portfolio maintains high credit quality with roughly 52% AA-rated and 19% AAA-rated bonds per S&P ratings, and maturity allocations concentrated in 1-5 years (45.54%) and 5-10 years (22.37%). Launched on September 25, 2019, and managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd.—a global investment manager founded in 1935 and headquartered in Atlanta, Georgia—BSMT operates within the fixed-income segment targeting tax-sensitive investors seeking intermediate-term municipal bond exposure. The fund, listed on Nasdaq, had assets under management of approximately $217 million as of recent data and provides monthly distributions, with the latest in September 2025 at $0.05241 per share. Geographically, holdings emphasize U.S. municipal issuers, including substantial New York exposure, subjecting the fund to state-specific economic and regulatory risks. In recent developments, BSMT continues regular monthly income distributions amid stable operations, with no major acquisitions, partnerships, or structural changes specific to the fund reported in 2024-2025; broader Invesco initiatives include the May 2025 launch of three new active ETFs (Invesco QQQ Hedged Advantage ETF, Invesco Comstock Contrarian Equity ETF, and Invesco Managed Futures Strategy ETF) to expand active capabilities. The ETF maintains its bullet-maturity strategy, rebalancing monthly as bonds approach 2029 maturity, during which proceeds shift to cash equivalents and short-term instruments, potentially lowering yields in the final year. Invesco Ltd., stemming from the 2018 acquisition of Guggenheim's ETF business that integrated the BulletShares series, oversees BSMT alongside administrators The Bank of New York Mellon and distributor Invesco Distributors, Inc.