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Upturn AI Summary
Invesco BulletShares (R) 2027 Municipal Bond ETF(BSMR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BSMR
10/08/2026: BSMR (1-star) is currently NOT-A-BUY. Pass it for now.
Invesco BulletShares 2027 Municipal Bond ETF (BSMR) provides tax-exempt income by investing in a diversified portfolio of investment-grade municipal bonds maturing in 2027. Its primary strength lies in its defined-maturity structure, which allows investors to manage interest rate risk and plan for capital return at a specific date. The fund is well-suited for income-oriented investors, particularly those in higher tax brackets, who seek a stable, transparent, and low-cost fixed-income solution. Key risks include exposure to municipal market credit and interest rate fluctuations, as well as the necessity to reinvest proceeds upon the fund's 2027 termination. Investors should monitor shifts in federal tax policy and interest rate trends when evaluating this ETF for their portfolios.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for income and capital preservation rather than significant capital appreciation. |
| Momentum investor | Weak fit | The buy-and-hold nature of the fund does not align with active momentum trading strategies. |
| Value investor | Mixed fit | Value investors may appreciate the income, but the focus is on interest rates rather than intrinsic asset valuation. |
| Dividend/Income investor | Strong fit | The fund is an excellent choice for investors seeking predictable, tax-efficient income distributions. |
| Low-risk investor | Strong fit | The defined-maturity structure reduces interest rate risk as the bonds approach maturity, providing stability for conservative portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is an individual in a higher tax bracket looking for predictable, tax-advantaged income and capital preservation until a specific date.
Suitability
BSMR is best suited for long-term investors or those building a bond ladder, rather than active traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The defined maturity reduces price sensitivity to interest rate changes as the fund approaches its target year. |
| Market risk | Medium | General municipal market conditions and interest rate shifts impact the fund's overall value. |
| Concentration | Medium | The portfolio is limited to bonds maturing in 2027, narrowing the focus to a specific segment of the municipal curve. |
| Tracking/expense | Low | The fund has a low expense ratio and generally tracks its index with high efficiency. |
| Liquidity | Medium | The underlying municipal bond market can be less liquid than other sectors, potentially impacting trading costs during periods of stress. |
| Business/sector quality | Low | The fund focuses on investment-grade municipal debt, which generally carries a low default risk. |
Risk Analysis
Volatility
BSMR exhibits low historical volatility consistent with high-quality, short-to-intermediate term fixed-income instruments.
Market Risk
The fund is subject to interest rate risk, credit risk, and liquidity risk inherent in the municipal bond market.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade Municipal Bonds | 98.5 | This provides tax-advantaged income from U.S. state and local government debt maturing in 2027. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small cash allocation used for daily liquidity and operational needs. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 5.29% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/08/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 8, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $360.57M |
| Issuer | Invesco |
| Expense Ratio | 0.18% |
| Distribution Yield | 2.74% |
| Inception | Sep 25, 2019 |
Performance
| Period | Total Return |
|---|---|
| YTD | +0.40% |
| 1 Year | +1.04% |
| 3 Year | +3.49% |
| 5 Year | +0.40% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 1.64% |
| 3Y Volatility | 2.92% |
| 3Y Sharpe Ratio | -0.4 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 2.0% |
Top Holdings
| Holding | Weight |
|---|---|
| WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% | 2.53% |
| GEORGIA ST 5% | 2.33% |
| CUYAHOGA CNTY OHIO HOSP REV 5% | 1.97% |
| MASSACHUSETTS ST DEV FIN AGY REV 5% | 1.96% |
| ILLINOIS ST 5% | 1.88% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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