BSMRInvescoINDEX
Invesco BulletShares (R) 2027 Municipal Bond ETF
$23.48+0.26% vs prior close
232452-WK
Price through Oct 22, 2026 · Flows through Oct 2, 2025. Figures use the latest available records, not a live quote. Fund details retrieved Oct 22, 2026. Holdings snapshot retrieved Oct 22, 2026.
The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2027 (collectively, “2027 Bonds”). It is non-diversified.
BSMR price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | BSMR close |
|---|---|
| Jan 2, 2026 | $23.68 |
| Jan 5, 2026 | $23.70 |
| Jan 6, 2026 | $23.70 |
| Jan 7, 2026 | $23.73 |
| Jan 8, 2026 | $23.70 |
| Jan 9, 2026 | $23.74 |
| Jan 12, 2026 | $23.75 |
| Jan 13, 2026 | $23.74 |
| Jan 14, 2026 | $23.76 |
| Jan 15, 2026 | $23.75 |
| Jan 16, 2026 | $23.76 |
| Jan 20, 2026 | $23.70 |
| Jan 21, 2026 | $23.70 |
| Jan 22, 2026 | $23.70 |
| Jan 23, 2026 | $23.72 |
| Jan 26, 2026 | $23.73 |
| Jan 27, 2026 | $23.66 |
| Jan 28, 2026 | $23.68 |
| Jan 29, 2026 | $23.68 |
| Jan 30, 2026 | $23.70 |
| Feb 2, 2026 | $23.70 |
| Feb 3, 2026 | $23.71 |
| Feb 4, 2026 | $23.71 |
| Feb 5, 2026 | $23.73 |
| Feb 6, 2026 | $23.75 |
| Feb 9, 2026 | $23.73 |
| Feb 10, 2026 | $23.77 |
| Feb 11, 2026 | $23.72 |
| Feb 12, 2026 | $23.77 |
| Feb 13, 2026 | $23.80 |
| Feb 17, 2026 | $23.80 |
| Feb 18, 2026 | $23.82 |
| Feb 19, 2026 | $23.82 |
| Feb 20, 2026 | $23.83 |
| Feb 23, 2026 | $23.77 |
| Feb 24, 2026 | $23.77 |
| Feb 25, 2026 | $23.80 |
| Feb 26, 2026 | $23.79 |
| Feb 27, 2026 | $23.79 |
| Mar 2, 2026 | $23.78 |
| Mar 3, 2026 | $23.76 |
| Mar 4, 2026 | $23.75 |
| Mar 5, 2026 | $23.73 |
| Mar 6, 2026 | $23.77 |
| Mar 9, 2026 | $23.76 |
| Mar 10, 2026 | $23.76 |
| Mar 11, 2026 | $23.75 |
| Mar 12, 2026 | $23.72 |
| Mar 13, 2026 | $23.75 |
| Mar 16, 2026 | $23.75 |
| Mar 17, 2026 | $23.76 |
| Mar 18, 2026 | $23.75 |
| Mar 19, 2026 | $23.75 |
| Mar 20, 2026 | $23.70 |
| Mar 23, 2026 | $23.65 |
| Mar 24, 2026 | $23.62 |
| Mar 25, 2026 | $23.63 |
| Mar 26, 2026 | $23.62 |
| Mar 27, 2026 | $23.61 |
| Mar 30, 2026 | $23.63 |
| Mar 31, 2026 | $23.65 |
| Apr 1, 2026 | $23.64 |
| Apr 2, 2026 | $23.66 |
| Apr 6, 2026 | $23.66 |
| Apr 7, 2026 | $23.68 |
| Apr 8, 2026 | $23.68 |
| Apr 9, 2026 | $23.69 |
| Apr 10, 2026 | $23.68 |
| Apr 13, 2026 | $23.70 |
| Apr 14, 2026 | $23.71 |
| Apr 15, 2026 | $23.69 |
| Apr 16, 2026 | $23.71 |
| Apr 17, 2026 | $23.72 |
| Apr 20, 2026 | $23.66 |
| Apr 21, 2026 | $23.62 |
| Apr 22, 2026 | $23.61 |
| Apr 23, 2026 | $23.60 |
| Apr 24, 2026 | $23.61 |
| Apr 27, 2026 | $23.61 |
| Apr 28, 2026 | $23.61 |
| Apr 29, 2026 | $23.59 |
| Apr 30, 2026 | $23.59 |
| May 1, 2026 | $23.62 |
| May 4, 2026 | $23.61 |
| May 5, 2026 | $23.62 |
| May 6, 2026 | $23.62 |
| May 7, 2026 | $23.62 |
| May 8, 2026 | $23.63 |
| May 11, 2026 | $23.65 |
| May 12, 2026 | $23.63 |
| May 13, 2026 | $23.63 |
| May 14, 2026 | $23.61 |
| May 15, 2026 | $23.59 |
| May 18, 2026 | $23.54 |
| May 19, 2026 | $23.52 |
| May 20, 2026 | $23.52 |
| May 21, 2026 | $23.54 |
| May 22, 2026 | $23.58 |
| May 26, 2026 | $23.61 |
| May 27, 2026 | $23.61 |
| May 28, 2026 | $23.61 |
| May 29, 2026 | $23.63 |
| Jun 1, 2026 | $23.61 |
| Jun 2, 2026 | $23.64 |
| Jun 3, 2026 | $23.65 |
| Jun 4, 2026 | $23.62 |
| Jun 5, 2026 | $23.61 |
| Jun 8, 2026 | $23.62 |
| Jun 9, 2026 | $23.61 |
| Jun 10, 2026 | $23.63 |
| Jun 11, 2026 | $23.68 |
| Jun 12, 2026 | $23.65 |
| Jun 15, 2026 | $23.62 |
| Jun 16, 2026 | $23.64 |
| Jun 17, 2026 | $23.66 |
| Jun 18, 2026 | $23.70 |
| Jun 22, 2026 | $23.66 |
| Jun 23, 2026 | $23.64 |
| Jun 24, 2026 | $23.63 |
| Jun 25, 2026 | $23.62 |
| Jun 26, 2026 | $23.65 |
| Jun 29, 2026 | $23.64 |
| Jun 30, 2026 | $23.64 |
| Jul 1, 2026 | $23.62 |
| Jul 2, 2026 | $23.63 |
| Jul 6, 2026 | $23.65 |
| Jul 7, 2026 | $23.64 |
| Jul 8, 2026 | $23.66 |
| Jul 9, 2026 | $23.66 |
| Jul 10, 2026 | $23.63 |
| Jul 13, 2026 | $23.63 |
| Jul 14, 2026 | $23.63 |
| Jul 15, 2026 | $23.62 |
| Jul 16, 2026 | $23.63 |
| Jul 17, 2026 | $23.61 |
| Jul 20, 2026 | $23.55 |
| Jul 21, 2026 | $23.55 |
| Jul 22, 2026 | $23.57 |
| Jul 23, 2026 | $23.52 |
| Jul 24, 2026 | $23.55 |
| Jul 27, 2026 | $23.59 |
| Jul 28, 2026 | $23.58 |
| Jul 29, 2026 | $23.57 |
| Jul 30, 2026 | $23.58 |
| Jul 31, 2026 | $23.57 |
| Aug 3, 2026 | $23.59 |
| Aug 4, 2026 | $23.59 |
| Aug 5, 2026 | $23.61 |
| Aug 6, 2026 | $23.66 |
| Aug 7, 2026 | $23.69 |
| Aug 10, 2026 | $23.64 |
| Aug 11, 2026 | $23.67 |
| Aug 12, 2026 | $23.62 |
| Aug 13, 2026 | $23.63 |
| Aug 14, 2026 | $23.61 |
| Aug 17, 2026 | $23.59 |
| Aug 18, 2026 | $23.60 |
| Aug 19, 2026 | $23.66 |
| Aug 20, 2026 | $23.66 |
| Aug 21, 2026 | $23.70 |
| Aug 24, 2026 | $23.61 |
| Aug 25, 2026 | $23.63 |
| Aug 26, 2026 | $23.64 |
| Aug 27, 2026 | $23.64 |
| Aug 28, 2026 | $23.61 |
| Aug 31, 2026 | $23.59 |
| Sep 1, 2026 | $23.58 |
| Sep 2, 2026 | $23.57 |
| Sep 3, 2026 | $23.58 |
| Sep 4, 2026 | $23.59 |
| Sep 8, 2026 | $23.57 |
| Sep 9, 2026 | $23.56 |
| Sep 10, 2026 | $23.48 |
| Sep 11, 2026 | $23.50 |
| Sep 14, 2026 | $23.49 |
| Sep 15, 2026 | $23.49 |
| Sep 16, 2026 | $23.50 |
| Sep 17, 2026 | $23.50 |
| Sep 18, 2026 | $23.50 |
| Sep 21, 2026 | $23.44 |
| Sep 22, 2026 | $23.43 |
| Sep 23, 2026 | $23.39 |
| Sep 24, 2026 | $23.33 |
| Sep 25, 2026 | $23.29 |
| Sep 28, 2026 | $23.20 |
| Sep 29, 2026 | $23.16 |
| Sep 30, 2026 | $23.26 |
| Oct 1, 2026 | $23.28 |
| Oct 2, 2026 | $23.30 |
| Oct 5, 2026 | $23.28 |
| Oct 6, 2026 | $23.31 |
| Oct 7, 2026 | $23.26 |
| Oct 8, 2026 | $23.25 |
| Oct 9, 2026 | $23.32 |
| Oct 12, 2026 | $23.31 |
| Oct 13, 2026 | $23.29 |
| Oct 14, 2026 | $23.27 |
| Oct 15, 2026 | $23.33 |
| Oct 16, 2026 | $23.40 |
| Oct 19, 2026 | $23.39 |
| Oct 20, 2026 | $23.40 |
| Oct 21, 2026 | $23.42 |
| Oct 22, 2026 | $23.48 |
Weekly net flows, YTD
Net inflow over the range: +$76M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Dec 30 | $0 |
| Jan 6 | $2.4M |
| Jan 13 | $7.2M |
| Jan 20 | $4.8M |
| Jan 27 | $7.2M |
| Feb 3 | $0 |
| Feb 10 | $0 |
| Feb 17 | $2.4M |
| Feb 24 | $7.2M |
| Mar 3 | $0 |
| Mar 10 | $0 |
| Mar 17 | $2.4M |
| Mar 24 | $2.3M |
| Mar 31 | $2.4M |
| Apr 7 | $2.3M |
| Apr 14 | $0 |
| Apr 21 | $0 |
| Apr 28 | $6.9M |
| May 5 | $2.3M |
| May 12 | $2.3M |
| May 19 | $6.9M |
| May 26 | $0 |
| Jun 9 | $0 |
| Jun 16 | $0 |
| Jun 23 | $0 |
| Jul 7 | $2.4M |
| Jul 14 | $2.4M |
| Jul 21 | $4.6M |
| Jul 28 | $0 |
| Aug 4 | $2.4M |
| Aug 11 | $0 |
| Aug 18 | $0 |
| Aug 25 | $0 |
| Sep 1 | $0 |
| Sep 8 | $0 |
| Sep 15 | $4.8M |
| Sep 22 | $0 |
| Sep 29 | $0 |
The desk’s read
Recent fund-flow records are unavailable, while the price has returned -0.8% so far this year. At 0.18% a year it is not the cheapest way in — AGG has a reported fee of 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$275Massets under management
0.18%expense ratio · $18 per $10,000 a year
—net flow, trailing month
127Kavg daily volume, 30 days
1014holdings · US-domiciled
2019listed September 25, 2019 · beta 0.01
The book at a glance
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS
Holdings
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | —State of Illinois | 0.47% | — | — | — | |
| 2 | —ILLINOIS ST 5%, due 11/01/2029 | 0.46% | — | — | — | |
| 3 | —Hudson Yards Infrastructure Corp | 0.33% | — | — | — | |
| 4 | —CA HLTH F 5.% 11/01/27 | 0.32% | — | — | — | |
| 5 | —State of New Jersey | 0.30% | — | — | — | |
| 6 | —New York City Municipal Water Finance Authority | 0.28% | — | — | — | |
| 7 | —New York City Municipal Water Finance Authority | 0.24% | — | — | — | |
| 8 | —City of Houston TX Combined Utility System Revenue | 0.22% | — | — | — | |
| 9 | —Texas Water Development Board | 0.22% | — | — | — | |
| 10 | —New York State Dormitory Authority | 0.19% | — | — | — | |
| 11 | —Maryland Health & Higher Educational Facilities Authority | 0.19% | — | — | — | |
| 12 | —Auburn School District No 408 of King & Pierce Counties | 0.19% | — | — | — | |
| 13 | —Chicago O'Hare International Airport | 0.19% | — | — | — | |
| 14 | —PENNSYLVANIA ST TURNPIKE COMMN TPK REV 5%, due 12/01/2040 | 0.19% | — | — | — | |
| 15 | —Geisinger Authority | 0.18% | — | — | — |
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- Cash & Others100%
- Other100%
- Municipal99.65%
- Revenue65.48%
- General obligation34.52%
- Cash0.35%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Cash & Others | 100% |
| Other | 100% |
| Municipal | 99.65% |
| Revenue | 65.48% |
| General obligation | 34.52% |
| Cash | 0.35% |
Performance
| 1 week | +0.3% |
| 1 month | +0.2% |
| 3 months | -0.4% |
| 6 months | -0.8% |
| YTD | -0.8% |
| 1 year | -0.8% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Nov | $12M |
| Dec | $12M |
| Jan | $21.6M |
| Feb | $9.6M |
| Mar | $4.7M |
| Apr | $7M |
| May | $16.1M |
| Jun | $0 |
| Jul | $9.4M |
| Aug | $2.4M |
| Sep | $4.8M |
| Oct | $0 |
The risk read
3%realized volatility, 30 days (annualized)
2%realized volatility, 1 year
-2.8%deepest fall from a peak, 1 year
-1.5%latest close versus that peak
The top holding is 0.5% of the book; the top ten carry 3%. Spread across 250+ names, it behaves like roughly 200 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
The case against BSMR
Due diligence cuts both ways. These funds sit on the same shelf and beat BSMR on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16.4B | +$489M | -15bp on fee · 60× the assets · +$489M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $123.5B | +$2.3B | -13bp on fee · 450× the assets · +$2.3B in over the month | Head-to-head |
| SPTS State Street SPDR Portfolio Short Term Treasury ETF | 0.03% | $7.1B | +$1.4B | -15bp on fee · 26× the assets · +$1.4B in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -14bp on fee · 68× the assets · +$412M in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $48B | +$2B | -13bp on fee · 175× the assets · +$2B in over the month | Head-to-head |