Invesco BulletShares 2034 Municipal Bond ETF
BSMY
NASDAQ Global Select- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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 11, 2024
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2034 Municipal Bond ETF (BSMY) is an exchange-traded fund that tracks the Invesco BulletShares USD Municipal Bond 2034 Index, providing exposure to a portfolio of U.S. dollar-denominated, investment-grade municipal securities issued by U.S. states, state agencies, and local governments with effective maturities in 2034. The fund employs a representative sampling methodology to hold at least 80% of its assets in the index constituents, including high-quality bonds rated BBB- or higher by S&P and Fitch or Baa3 or higher by Moody's, with allocations across maturity buckets from 5-10 years to over 25 years and top holdings such as New York State Dormitory Authority 5.50% bonds maturing 2047 (callable 2034), New Jersey Transportation Trust Fund Authority 5.00% bonds, and Massachusetts state obligations. It distributes monthly income primarily from tax-exempt municipal bond coupons, targets investors seeking defined-maturity municipal bond ladders, and operates within the municipal tax-exempt bond sector with a planned termination on or about December 15, 2034, transitioning to cash equivalents in its final year. Launched on September 11, 2024, and domiciled in the United States, BSMY represents the latest addition to Invesco's BulletShares Municipal Bond ETF series managed by Invesco Capital Management LLC, a subsidiary of Invesco Ltd., headquartered in Atlanta, Georgia. The fund rebalances monthly to maintain alignment with the index and exhibits geographic concentration risks, particularly in New York municipal securities from issuers like Triborough Bridge & Tunnel Authority and New York City Transitional Finance Authority. As a relatively new offering with less than two years of operation as of late 2025, it has seen ongoing portfolio adjustments through monthly rebalancing to reflect maturing bonds and market conditions, alongside regular distributions that have ranged from approximately $0.05 to $0.09 per share in 2025.