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Upturn AI Summary
Invesco BulletShares 2029 Municipal Bond ETF(BSMT)
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 BSMT
10/02/2026: BSMT (1-star) is currently NOT-A-BUY. Pass it for now.
Invesco BulletShares 2029 Municipal Bond ETF (BSMT) provides targeted exposure to investment-grade municipal bonds maturing in 2029, acting like a bond with a fixed maturity date. Its main strengths include tax-exempt income, high credit quality, and the ability for investors to easily ladder bond maturities within an ETF structure. The fund is ideal for conservative, income-focused investors looking to lock in yields for a specific timeframe while maintaining liquidity. Key risks include sensitivity to interest rate fluctuations and general municipal market credit conditions. Investors should monitor rate trends and their personal tax situations to determine if this aligns with their long-term objectives.
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's predictable, low-volatility nature does not typically exhibit the price trends sought by momentum traders. |
| Value investor | Mixed fit | Value investors may appreciate the yield and credit quality, though it is not a traditional equity-based value play. |
| Dividend/Income investor | Strong fit | The fund is an excellent choice for investors seeking steady, tax-advantaged income from municipal bonds. |
| Low-risk investor | Strong fit | The defined-maturity structure reduces duration risk as the fund approaches its target year, appealing to conservative investors. |
Investor Profile
Ideal Investor Profile
Conservative to moderate investors seeking predictable, tax-efficient income and capital preservation.
Suitability
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 | As a bond fund with a defined maturity, price fluctuations are generally lower than equity markets. |
| Market risk | Medium | Changes in interest rates will impact the market price of the underlying bonds. |
| Concentration | Medium | The portfolio is limited to bonds maturing in 2029, concentrating exposure to that specific segment of the yield curve. |
| Tracking/expense | Low | Invesco's efficient indexing process keeps tracking errors and operational costs low. |
| Liquidity | Low | The underlying municipal bonds are generally liquid, supporting efficient trading in the ETF shares. |
| Business/sector quality | Low | The fund focuses on investment-grade municipal debt, which historically carries low default risk. |
Risk Analysis
Volatility
BSMT exhibits lower historical volatility compared to equity ETFs, typical of investment-grade fixed-income assets.
Market Risk
Primary risks include interest rate risk and credit risk; however, the defined-maturity nature helps mitigate long-term volatility.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | US Municipal Bonds (Investment Grade) | 98.5 | These high-quality municipal bonds provide tax-exempt income potential with a defined end date. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small cash position held for liquidity and operational management. |
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 1.95% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | 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) | $285.21M |
| Issuer | Invesco |
| Expense Ratio | 0.18% |
| Distribution Yield | 2.74% |
| Inception | Sep 25, 2019 |
Performance
| Period | Total Return |
|---|---|
| YTD | -2.24% |
| 1 Year | -1.21% |
| 3 Year | +2.90% |
| 5 Year | -0.70% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 2.2% |
| 3Y Volatility | 4.44% |
| 3Y Sharpe Ratio | -0.32 |
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 | 6.0% |
Top Holdings
| Holding | Weight |
|---|---|
| NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% | 1.93% |
| PENNSYLVANIA ST TPK COMMN TPK REV 5% | 1.85% |
| ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% | 1.75% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5% | 1.71% |
| MASSACHUSETTS ST 5% | 1.56% |
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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