Invesco BulletShares 2030 Municipal Bond ETF
BSMU
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.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
- Oct 12, 2020
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Invesco BulletShares USD Municipal Bond 2030 Index. The fund invests at least 80% of its total assets in investment-grade, U.S. dollar-denominated municipal bonds issued by U.S. states, state agencies, or local governments that have effective maturities in 2030, utilizing a sampling methodology rather than holding all index constituents; these securities generally offer federally tax-exempt distributions, including from the alternative minimum tax. The ETF, which maintains a portfolio of approximately 1,300 holdings diversified across sectors such as education, transportation, and general obligations—with top exposures including Metropolitan Transportation Authority, Los Angeles Unified School District, and Triborough Bridge & Tunnel Authority bonds—rebalances monthly and is designed to terminate on or about December 15, 2030, distributing principal to shareholders as holdings mature. Launched on September 16, 2020, BSMU operates within the municipal target-maturity segment, targeting high-tax-bracket investors seeking predictable income and bond-like behavior through laddering strategies with related BulletShares ETFs. BSMU is managed by Invesco Capital Management LLC, part of Invesco Ltd., a global investment management firm founded in 1935 and headquartered in Atlanta, Georgia. Invesco Ltd., which oversees approximately $1.6 trillion in assets under management as of late 2023 across equities, fixed income, and alternatives in over 20 countries, acquired the BulletShares platform through its 2018 purchase of Guggenheim's ETF business, enhancing its fixed-income offerings that include investment-grade corporate, high-yield, and municipal variants. The fund exhibits significant geographic concentration in U.S. municipal issuers, particularly New York State bonds, alongside allocations to California, Michigan, and Oregon, with credit quality predominantly AA/AAA-rated (approximately 73% combined per S&P and Moody's scales). In recent developments, BSMU has sustained steady monthly distributions, with ex-dividend payments rising modestly to around $0.05 per share in 2025 amid stable yields of approximately 2.96%, reflecting resilience in the municipal bond market. The fund's assets under management stand at roughly $163-207 million, supported by ongoing institutional interest and no major structural changes, though Invesco Ltd. faced scrutiny in February 2025 from U.S. state attorneys general over disclosures related to China investments in other products—not directly impacting BSMU. As maturity approaches, the portfolio's duration shortens, with proceeds from maturing or called bonds transitioning to cash equivalents, aligning with the BulletShares strategy of defined-term exposure.