BSMS Performance — Invesco BulletShares 2028 Municipal Bond ETF
Data updated: 2026-07-29
BSMS returned +0.97% year to date and +4.25% over one year to May 2026. Annualised returns are +3.08% over 3 years and +0.12% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $104 over one year, against $106. Volatility over the past three years was 3.75% a year. In the 12 months to May 2026 the fund took in a net $116.9M, and assets reached $303.97M.
BSMS Growth of $100
What $100 invested in Invesco BulletShares 2028 Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | BSMS | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $104 | $106 |
| 3 years (Jun 2023 – May 2026) | $110 | $111 |
| 5 years (Jun 2021 – May 2026) | $101 | $104 |
| Since data start (Sep 2019 – May 2026) | $108 | $109 |
BSMS Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.97% |
| 1 year | +4.25% |
| 3 years (annualised) | +3.08% |
| 5 years (annualised) | +0.12% |
BSMS Annual Returns
Calendar-year total returns of Invesco BulletShares 2028 Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.97% |
| 2025 | +3.53% |
| 2024 | +1.23% |
| 2023 | +4.79% |
| 2022 | −10.06% |
| 2021 | +1.54% |
| 2020 | +6.62% |
| 2019 (Sep–Dec) | +0.26% |
BSMS 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.6% | −0.8% | +0.4% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.7% | −0.7% | −0.4% | +0.3% | +0.7% | +0.3% | +0.6% | +0.7% | +0.3% | +0.2% | +0.4% |
| 2024 | −0.2% | +0.1% | −0.2% | −0.8% | −0.4% | +1.0% | +0.8% | +0.8% | +0.8% | −0.9% | +1.0% | −0.6% |
| 2023 | +2.6% | −2.1% | +2.0% | −0.3% | −1.0% | +0.7% | +0.2% | −0.9% | −2.2% | −0.8% | +4.7% | +1.8% |
| 2022 | −3.0% | −0.6% | −3.6% | −3.6% | +1.8% | −1.9% | +3.1% | −2.5% | −3.9% | −0.5% | +4.4% | +0.3% |
| 2021 | +0.7% | −2.5% | +0.8% | +1.2% | +0.5% | +0.5% | +1.0% | −0.5% | −1.0% | −0.3% | +1.0% | +0.2% |
| 2020 | +2.6% | +2.0% | −5.0% | −2.3% | +4.4% | +1.2% | +2.3% | −0.8% | −0.4% | −0.3% | +2.1% | +0.9% |
| 2019 | — | — | — | — | — | — | — | — | −0.1% | −0.1% | +0.1% | +0.4% |
BSMS Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 3.75%
- 3-year Sharpe ratio: -0.38 (vs 4.5% risk-free rate)
- Best month: +4.72% (Nov 2023)
- Worst month: −2.17% (Sep 2023)
BSMS Fund Flows
Monthly money in and out of Invesco BulletShares 2028 Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $116.9M
- 12-month gross sales (incl. reinvestments): $116.9M
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.7M | $0 | $4.7M |
| Apr 2026 | $4.7M | $0 | $4.7M |
| Mar 2026 | $18.7M | $0 | $18.7M |
| Feb 2026 | $11.8M | $0 | $11.8M |
| Jan 2026 | $14.1M | $0 | $14.1M |
| Dec 2025 | $9.4M | $0 | $9.4M |
| Nov 2025 | $9.4M | $0 | $9.4M |
| Oct 2025 | $4.7M | $0 | $4.7M |
| Sep 2025 | $11.7M | $0 | $11.7M |
| Aug 2025 | $11.7M | $0 | $11.7M |
| Jul 2025 | $6.9M | $0 | $6.9M |
| Jun 2025 | $9.2M | $0 | $9.2M |
BSMS Assets Under Management
Net assets of Invesco BulletShares 2028 Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $303.97M |
| 2026-02-28 | $278.57M |
| 2025-11-30 | $241.00M |
| 2025-08-31 | $214.13M |
| 2025-05-31 | $184.53M |
| 2025-02-28 | $159.29M |
| 2024-11-30 | $133.79M |
| 2024-08-31 | $121.92M |
| 2024-05-31 | $101.14M |
| 2024-02-29 | $101.04M |
| 2023-11-30 | $83.77M |
| 2023-08-31 | $69.14M |
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.