BSMN Performance — Invesco BulletShares 2023 Municipal Bond ETF
Data updated: 2024-01-29
BSMN returned +2.62% over one year to Nov 2023. The annualised 3-year return is +0.75%. Against its Ultrashort Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $102, against $101 for the category, and to $103 over one year, against $103. Volatility over the past three years was 1.41% a year. In the 12 months to Nov 2023 the fund lost a net $17.5M, and assets reached $105.47M.
BSMN Growth of $100
What $100 invested in Invesco BulletShares 2023 Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | BSMN | Category average |
|---|---|---|
| 1 year (Dec 2022 – Nov 2023) | $103 | $103 |
| 3 years (Dec 2020 – Nov 2023) | $102 | $101 |
| Since data start (Sep 2019 – Nov 2023) | $106 | $104 |
BSMN Trailing Returns
Total returns to Nov 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.62% |
| 3 years (annualised) | +0.75% |
BSMN Annual Returns
Calendar-year total returns of Invesco BulletShares 2023 Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Nov) | +2.57% |
| 2022 | −1.07% |
| 2021 | +0.52% |
| 2020 | +2.79% |
| 2019 (Sep–Dec) | +0.74% |
BSMN Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +0.6% | −0.2% | +0.6% | 0.0% | +0.2% | +0.4% | +0.2% | +0.2% | +0.1% | +0.2% | +0.3% | — |
| 2022 | −0.7% | −0.2% | −0.8% | −0.4% | +0.6% | −0.2% | +0.5% | −0.6% | −0.8% | 0.0% | +1.2% | +0.1% |
| 2021 | +0.2% | −0.2% | +0.2% | +0.2% | 0.0% | 0.0% | +0.2% | −0.1% | −0.2% | 0.0% | 0.0% | 0.0% |
| 2020 | +0.9% | +0.4% | −1.7% | −0.4% | +2.2% | +0.4% | +0.7% | −0.1% | +0.1% | −0.2% | +0.3% | +0.2% |
| 2019 | — | — | — | — | — | — | — | — | 0.0% | +0.3% | +0.1% | +0.3% |
BSMN Risk
Risk measures from monthly returns over Dec 2020 – Nov 2023.
- 3-year volatility (annualised): 1.41%
- 3-year Sharpe ratio: -2.66 (vs 4.5% risk-free rate)
- Best month: +1.23% (Nov 2022)
- Worst month: −0.76% (Sep 2022)
BSMN Fund Flows
Monthly money in and out of Invesco BulletShares 2023 Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: −$17.5M
- 12-month gross sales (incl. reinvestments): $45.3M
- Sales ÷ redemptions: 0.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Nov 2023 | $0 | $17.6M | −$17.6M |
| Oct 2023 | $0 | $0 | $0 |
| Sep 2023 | $0 | $17.6M | −$17.6M |
| Aug 2023 | $0 | $5.0M | −$5.0M |
| Jul 2023 | $0 | $0 | $0 |
| Jun 2023 | $0 | $0 | $0 |
| May 2023 | $0 | $17.5M | −$17.5M |
| Apr 2023 | $0 | $5.0M | −$5.0M |
| Mar 2023 | $0 | $0 | $0 |
| Feb 2023 | $0 | $0 | $0 |
| Jan 2023 | $22.7M | $0 | $22.7M |
| Dec 2022 | $22.6M | $0 | $22.6M |
BSMN Assets Under Management
Net assets of Invesco BulletShares 2023 Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-11-30 | $105.47M |
| 2023-08-31 | $140.78M |
| 2023-05-31 | $145.65M |
| 2023-02-28 | $167.91M |
| 2022-11-30 | $122.84M |
| 2022-08-31 | $95.15M |
| 2022-05-31 | $57.85M |
| 2022-02-28 | $43.01M |
| 2021-11-30 | $35.76M |
| 2021-08-31 | $35.86M |
| 2021-05-31 | $30.72M |
| 2021-02-28 | $28.07M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.