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Upturn AI Summary
Invesco BulletShares (R) 2028 Municipal Bond ETF(BSMS)
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 BSMS
10/02/2026: BSMS (1-star) is currently NOT-A-BUY. Pass it for now.
Invesco BulletShares 2028 Municipal Bond ETF provides exposure to a diversified portfolio of investment-grade municipal bonds maturing in 2028. Its primary strength lies in its defined-maturity structure, which allows investors to manage interest rate risk more effectively than perpetual bond funds. It serves as a strong tool for tax-advantaged income and capital preservation for investors with a specific 2028 horizon. Key risks include potential sensitivity to interest rate shifts and the eventual liquidation of the fund. This ETF is best suited for conservative, income-focused investors who prioritize predictability over capital growth.
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 capital preservation and income rather than aggressive capital appreciation. |
| Momentum investor | Weak fit | The fund is not suited for momentum strategies as it follows a static, maturity-based path. |
| Value investor | Mixed fit | Income-focused value investors may appreciate the yield, but the fund does not provide traditional equity-like value opportunities. |
| Dividend/Income investor | Strong fit | It provides a reliable, tax-advantaged income stream for investors seeking predictable cash flows. |
| Low-risk investor | Strong fit | The defined maturity and focus on investment-grade municipal bonds offer a lower-risk profile suitable for capital preservation. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking a predictable, tax-advantaged income stream with a known time horizon for capital return.
Suitability
It is best suited for long-term investors or those looking to build a bond ladder; it is less appropriate for active traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The fund's duration shortens as it approaches 2028, naturally reducing price sensitivity to interest rate changes. |
| Market risk | Medium | General municipal market conditions and interest rate shifts impact the net asset value. |
| Concentration | Medium | The fund is concentrated in debt maturing in 2028, limiting exposure to other parts of the yield curve. |
| Tracking/expense | Low | The low expense ratio and passive indexing approach result in minimal tracking error. |
| Liquidity | Low | The underlying municipal bonds are generally liquid, though some individual issues may have lower trading activity. |
| Business/sector quality | Low / none | Investment-grade municipal bonds generally represent high-quality debt with low default risk. |
Risk Analysis
Volatility
BSMS exhibits low volatility due to the decreasing duration of its underlying bonds, making it a stable component for income portfolios.
Market Risk
The fund faces risks related to interest rate fluctuations and general municipal market conditions, though credit risk remains low given the investment-grade focus.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade Municipal Bonds | 98.5 | These holdings provide tax-advantaged income and principal repayment in the target year 2028. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | This small portion covers fund expenses and provides liquidity for daily trading 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 1.74% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $326.57M |
| Issuer | Invesco |
| Expense Ratio | 0.18% |
| Distribution Yield | 2.78% |
| Inception | Sep 25, 2019 |
Performance
| Period | Total Return |
|---|---|
| YTD | -1.27% |
| 1 Year | -0.28% |
| 3 Year | +3.08% |
| 5 Year | -0.32% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 1.53% |
| 3Y Volatility | 3.7% |
| 3Y Sharpe Ratio | -0.38 |
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 | 4.0% |
Top Holdings
| Holding | Weight |
|---|---|
| NEW YORK N Y 5% | 1.92% |
| CALIFORNIA ST 5% | 1.30% |
| ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% | 1.30% |
| NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% | 1.30% |
| TEXAS MUN GAS ACQUISITION & SUPPLY III GAS SUPPLY REV 5% | 1.28% |
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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