Invesco BulletShares 2031 Municipal Bond ETF
BSMV
NASDAQ- -
USD
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- -
Capital Structure
FRC
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Sep 21, 2021
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is an exchange-traded fund that tracks the Invesco BulletShares USD Municipal Bond 2031 Index by investing at least 80% of its total assets in a sampled portfolio of U.S. dollar-denominated municipal bonds issued by states, state agencies, and local governments with effective maturities in 2031. The fund provides targeted exposure to investment-grade municipal securities across sectors such as toll highway revenue, state general obligations, health facilities financing, and waterworks revenue; top holdings include Triborough Bridge & Tunnel Authority bonds, Illinois State Toll Highway Authority revenue bonds, University of California revenue bonds, and California State obligations. Launched on September 15, 2021, BSMV operates as a defined-maturity ETF designed to terminate on or about December 15, 2031, after which it will distribute its net assets, offering investors a bond-like laddering strategy with monthly income distributions and tax-exempt interest potential. Managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd., the fund emphasizes high credit quality with approximately 20% AAA/12% Aaa-rated, 55% AA/62% Aa-rated, and 13% A-rated holdings as of late 2025, alongside substantial allocations to 5-10 year (64.59%) and shorter maturities. Geographically, its portfolio focuses on U.S. issuers, with notable concentrations in New York, California, Illinois, and other states, exposing it to regional economic and political risks. Invesco Ltd., headquartered in Atlanta, Georgia, and founded in 1935, oversees BSMV as part of its expansive BulletShares suite of fixed-income ETFs, which spans corporate, high-yield, and municipal bond maturities globally. Recent developments include Invesco's expansion of the BulletShares lineup with new defined-maturity municipal and corporate bond ETFs in 2024 to replace maturing funds and capture elevated yields, enhancing the suite's laddering capabilities for investors seeking precise duration exposure. In July 2025, Invesco Real Estate formed a strategic alliance with Bozzuto, establishing a $1 billion deployment program for East Coast multifamily assets, reflecting broader firm-level growth initiatives. BSMV itself maintains steady operations with ongoing monthly distributions, such as $0.05084 per share in September 2025, amid assets under management of approximately $98 million and an expense ratio of 0.18%.