BSMW Performance — Invesco BulletShares 2032 Municipal Bond ETF
Data updated: 2026-07-29
BSMW returned +0.91% year to date and +6.17% over one year to May 2026. The annualised 3-year return is +3.16%. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $110, against $112 for the category, and to $106 over one year, against $107. Volatility over the past three years was 6.53% a year. In the 12 months to May 2026 the fund took in a net $97.6M, and assets reached $202.45M.
BSMW Growth of $100
What $100 invested in Invesco BulletShares 2032 Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | BSMW | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $110 | $112 |
| Since data start (Feb 2023 – May 2026) | $111 | $111 |
BSMW Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.91% |
| 1 year | +6.17% |
| 3 years (annualised) | +3.16% |
BSMW Annual Returns
Calendar-year total returns of Invesco BulletShares 2032 Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.91% |
| 2025 | +3.64% |
| 2024 | −0.09% |
| 2023 (Feb–Dec) | +6.43% |
BSMW 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 | +0.9% | +1.1% | −2.4% | +1.0% | +0.3% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.1% | −2.2% | −0.5% | −0.2% | +0.7% | −0.3% | +0.9% | +2.2% | +1.2% | +0.3% | +0.2% |
| 2024 | −0.4% | −0.1% | −0.4% | −1.5% | −0.5% | +1.8% | +0.9% | +0.7% | +1.1% | −1.9% | +1.9% | −1.4% |
| 2023 | — | 0.0% | +2.5% | 0.0% | −1.2% | +1.1% | +0.3% | −2.0% | −3.6% | −1.3% | +7.5% | +3.2% |
BSMW Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.53%
- 3-year Sharpe ratio: -0.20 (vs 4.5% risk-free rate)
- Best month: +7.52% (Nov 2023)
- Worst month: −3.57% (Sep 2023)
BSMW Fund Flows
Monthly money in and out of Invesco BulletShares 2032 Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $97.6M
- 12-month gross sales (incl. reinvestments): $97.6M
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.0M | $0 | $5.0M |
| Apr 2026 | $32.6M | $0 | $32.6M |
| Mar 2026 | $2.5M | $0 | $2.5M |
| Feb 2026 | $7.6M | $0 | $7.6M |
| Jan 2026 | $7.6M | $0 | $7.6M |
| Dec 2025 | $10.0M | $0 | $10.0M |
| Nov 2025 | $7.6M | $0 | $7.6M |
| Oct 2025 | $7.5M | $0 | $7.5M |
| Sep 2025 | $5.0M | $0 | $5.0M |
| Aug 2025 | $2.5M | $0 | $2.5M |
| Jul 2025 | $4.9M | $0 | $4.9M |
| Jun 2025 | $4.9M | $0 | $4.9M |
BSMW Assets Under Management
Net assets of Invesco BulletShares 2032 Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $202.45M |
| 2026-02-28 | $165.65M |
| 2025-11-30 | $138.12M |
| 2025-08-31 | $114.80M |
| 2025-05-31 | $102.13M |
| 2025-02-28 | $100.88M |
| 2024-11-30 | $86.55M |
| 2024-08-31 | $76.21M |
| 2024-05-31 | $64.46M |
| 2024-02-29 | $58.96M |
| 2023-11-30 | $42.81M |
| 2023-08-31 | $19.84M |
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.