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Sunday, August 23, 2026The Morning Brief →Sign in

Invesco BulletShares (R) 2025 Municipal Bond ETF

$24.48-0.04% today
242552-WK

The fund generally will invest at least 80% of its total assets in securities that comprise the underlying index. The underlying index seeks to measure the performance of a portfolio of U.S. dollar-denominated investment-grade municipal bonds with maturities or, in some cases, “effective maturities,” in the year 2025 (collectively, “2025 Bonds”). It is non-diversified.

Price & daily flows
24.624.524.524.48DAILY NET FLOWAug 25Oct 1Nov 5Dec 15

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$5M OVER THIS RANGE

$216Massets under management
0.18%expense ratio · $18 per $10,000 a year
net flow, trailing month
avg daily volume, 30 days
950holdings · US-domiciled
2019listed September 24, 2019 · beta -0.00
The book at a glance
0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1Indiana Health Facility Financing Authority0.00%
2New York Convention Center Development Corp0.00%
3California Health Facilities Financing Authority0.00%
4South Carolina Transportation Infrastructure Bank0.00%
5Commonwealth of Massachusetts0.00%
6OHIO ST WTR DEV AUTH WTR POLLCONTR0.00%
7District of Columbia0.00%
8State of Georgia0.01%
9Indiana Finance Authority0.01%
10Denver City & County School District No 10.01%
11Dallas Area Rapid Transit0.01%
12Snohomish County School District No 201 Snohomish0.01%
13New York Convention Center Development Corp0.01%
14Harris County Cultural Education Facilities Finance Corp0.01%
15State of California Department of Water Resources0.01%

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Sector weights
Cash & Others100%
Other100%
Municipal99.58%
Revenue69.68%
General obligation28.92%
Double barrel1.4%
Cash0.42%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week0.0%
1 month0.0%
3 months0.0%
6 months0.0%
YTD
1 year0.0%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year−$5M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
NovDecJanFebMarAprMayJunJulAugSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
realized volatility, 30 days (annualized)
1%realized volatility, 1 year
-0.4%deepest fall from a peak, 1 year
-0.4%where it sits vs. that peak today

The top holding is 46.7% of the book; the top ten carry 57%. Spread across 232+ names, it behaves like roughly 5 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against BSMP

Due diligence cuts both ways. These funds sit on the same shelf and beat BSMP on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16B+$288M-15bp on fee · 74× the assets · +$288M in over the monthHead-to-head
MBB iShares MBS ETF0.04%$39B+$26M-14bp on fee · 181× the assets · +$26M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-13bp on fee · 595× the assets · +$547M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-14bp on fee · 108× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-14bp on fee · 86× the assets · +$312M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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