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Upturn AI Summary
Invesco BulletShares 2034 Municipal Bond ETF(BSMY)
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 BSMY
10/02/2026: BSMY (1-star) is currently NOT-A-BUY. Pass it for now.
BSMY provides investors with a targeted, investment-grade municipal bond portfolio maturing in 2034, combining the benefits of tax-exempt interest with the ease of ETF trading. Its primary strength lies in its 'defined maturity' structure, which helps investors manage interest rate risk by allowing them to hold the fund until it winds down. It serves as an excellent tool for income-oriented investors looking to build a bond ladder without the complexity of individual bond selection. While the fund carries standard interest rate and credit risks, its focus on high-quality municipal issuers keeps the overall risk profile relatively conservative. It is most suitable for long-term, income-focused investors who value tax efficiency and predictability.
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 is an income-oriented fixed-income instrument, not designed for capital appreciation. |
| Momentum investor | Weak fit | This fund is designed for holding to maturity, not for capturing short-term market momentum. |
| Value investor | Mixed fit | Value investors may appreciate the yield, but the fund lacks the valuation-driven upside potential of equities. |
| Dividend/Income investor | Strong fit | It provides a reliable stream of tax-exempt income, making it ideal for high-tax-bracket income seekers. |
| Low-risk investor | Strong fit | The defined maturity reduces interest rate risk as the bonds approach the 2034 target date. |
Investor Profile
Ideal Investor Profile
Income-focused investors in higher tax brackets who are planning for a specific financial liability or goal in the year 2034.
Suitability
Best for long-term passive investors who intend to hold the fund until its targeted maturity year.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The defined maturity helps dampen the price impact of interest rate changes compared to long-duration funds. |
| Market risk | Medium | General municipal market conditions and interest rate shifts will impact the fund's market value. |
| Concentration | Medium | The fund is limited to a specific maturity window, which is less diversified than total-market muni funds. |
| Tracking/expense | Low | Invesco provides efficient index tracking with a low expense ratio. |
| Liquidity | Medium | While liquid, secondary market depth may be thinner than broad-market ETF counterparts. |
| Business/sector quality | Low | The focus on investment-grade municipal debt significantly mitigates credit default risk. |
Risk Analysis
Volatility
BSMY displays lower volatility than equity-based ETFs and intermediate-duration muni funds as it approaches maturity.
Market Risk
Primary risks include interest rate risk and the risk of localized municipal credit defaults, though the portfolio is highly diversified.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | Investment-Grade Municipal Bonds (2034 Maturity) | 98.5 | These bonds provide tax-exempt income with a defined maturity timeline, reducing long-term interest rate risk as the bonds approach maturity. |
| Cash/collateral | Cash and Cash Equivalents | 1.5 | Small cash balances are held for liquidity needs and daily operational costs. |
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 -0.86% | Avg. Invested days 49 | 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) | $144.22M |
| Issuer | Invesco |
| Expense Ratio | 18% |
| Distribution Yield | 3.7% |
| Inception | Sep 11, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | -4.47% |
| 1 Year | -2.76% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 6.53% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
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 |
|---|
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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