# Invesco BulletShares 2025 Municipal Bond ETF (BSMP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bsmp for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Fixed Income - Strategy: Thematic · Inception: 2019-09-25 The Invesco BulletShares 2025 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2025 Index (Index). The Fund will invest at least 80% of its total assets in municipal bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated municipal securities, issued by US state, state agencies, or local governments with effective maturities in 2025. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund a... ## Key Facts | Metric | Value | |---|---| | Price | $24.49 | | Expense Ratio | 0.18% | | Assets Under Management | $181.2M | | NAV | $24.49 | | Holdings Count | 231 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.26 – $24.66 | | Beta | 0.31 | ## Latest Distribution - Amount: $0.0078 /share - Ex-date: 2025-12-15 - Pay date: 2025-12-17 ## Frequently Asked Questions ### What does BSMP invest in? The Invesco BulletShares 2025 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2025 Index (Index). The Fund will invest at least 80% of its total assets in municipal bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated municipal securities, issued by US state, state agencies, or local governments with effective maturities in 2025. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2025 and will terminate on or about Dec. 15, 2025. See the prospectus for more information. ### What is the expense ratio of BSMP? Invesco BulletShares 2025 Municipal Bond ETF (BSMP) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of BSMP? Effective duration measures BSMP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BSMP's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of BSMP? BSMP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of BSMP? Yield to maturity (YTM) is the total return you'd earn from BSMP if every bond in the portfolio is held to maturity at the current price. BSMP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is BSMP? Invesco BulletShares 2025 Municipal Bond ETF (BSMP) manages $181.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does BSMP pay a dividend? Invesco BulletShares 2025 Municipal Bond ETF (BSMP) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BSMP pay dividends? Invesco BulletShares 2025 Municipal Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BSMP's dividend yield? BSMP's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BSMP's next ex-dividend date? The most recently announced ex-dividend date for BSMP was 2025-12-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BSMP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.18% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BSMP charge its expense ratio? The expense ratio is deducted in tiny daily slices from BSMP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BSMP cost more than a fund like VOO? BSMP's strategy (current expense ratio 0.18%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BSMP sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BSMP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BSMP (0.18%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bsmp - Distribution history: https://www.dividenddata.com/funds/bsmp/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bsmp/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bsmp/expenses - Peer comparison: https://www.dividenddata.com/funds/bsmp/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.