Question 1

What is BSMR?

Accepted Answer

BSMR — Invesco BulletShares (R) 2027 Municipal Bond ETF — is a Canadian-listed ETF trading on the NASDAQ. 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 2027 (collectively, "2027 Bonds").

Question 2

What is the BSMR ETF price today?

Accepted Answer

BSMR last traded at $23.54 CAD on the NASDAQ. See the price chart above for recent performance.

Question 3

What is the BSMR MER (management expense ratio)?

Accepted Answer

BSMR has a management expense ratio (MER) of 0.18% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0.18%, BSMR is considered a low-cost ETF.

Question 4

What are BSMR annualised returns?

Accepted Answer

BSMR historical returns: YTD: +0.14%, 1-year: +2.53%, 3-year annualised: +3.57%, 5-year annualised: +0.61%, 10-year annualised: +0.00%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.15, which measures risk-adjusted return.

Question 5

Does BSMR pay dividends or distributions?

Accepted Answer

Yes, BSMR distributes income to unitholders. The current distribution yield is approximately 2.64%. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does BSMR invest in?

Accepted Answer

BSMR's top holdings include WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5% (null, 2.5%), GEORGIA ST 5% (null, 2.3%), CUYAHOGA CNTY OHIO HOSP REV 5% (null, 2.1%), MASSACHUSETTS ST DEV FIN AGY REV 5% (null, 2.0%), ILLINOIS ST 5% (null, 1.9%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown.

Question 7

What sectors does BSMR invest in?

Accepted Answer

BSMR's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is BSMR? (Assets under management)

Accepted Answer

BSMR has approximately $374M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was BSMR launched?

Accepted Answer

BSMR was launched on September 25, 2019, giving it a 7-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy BSMR in Canada?

Accepted Answer

BSMR trades on the NASDAQ under the ticker BSMR. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is BSMR?

Accepted Answer

BSMR has a 1-year volatility of 2.11% and a beta of 0.42 (less volatile than the broad market). Its 3-year Sharpe ratio of -0.15 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-11-10	$23.55	$23.56	$23.52	$23.54	$23.54	60,015
2026-11-09	$23.57	$23.57	$23.53	$23.55	$23.55	73,328
2026-11-06	$23.52	$23.56	$23.51	$23.55	$23.55	139,700
2026-11-05	$23.50	$23.51	$23.47	$23.50	$23.50	77,200
2026-11-04	$23.51	$23.53	$23.48	$23.50	$23.50	65,600
2026-11-03	$23.50	$23.50	$23.48	$23.48	$23.48	53,100
2026-11-02	$23.51	$23.55	$23.51	$23.55	$23.55	143,200
2026-10-30	$23.53	$23.53	$23.50	$23.52	$23.52	108,700
2026-10-29	$23.54	$23.54	$23.49	$23.51	$23.51	81,841
2026-10-28	$23.50	$23.53	$23.49	$23.53	$23.53	46,300

#	Name	Weight
1	WASHINGTON D C MET AREA TRAN AUTH GROSS REV 5%	2.46%
2	GEORGIA ST 5%	2.28%
3	CUYAHOGA CNTY OHIO HOSP REV 5%	2.06%
4	MASSACHUSETTS ST DEV FIN AGY REV 5%	1.97%
5	ILLINOIS ST 5%	1.87%
6	HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%	1.89%
7	NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%	1.51%
8	CALIFORNIA ST 3%	1.51%
9	MT PLEASANT S C WTR & SWR REV 4%	1.47%
10	MASSACHUSETTS ST 5%	1.27%

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Invesco BulletShares (R) 2027 Municipal Bond ETF (BSMR : NASDAQ)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Invesco BulletShares (R) 2027 Municipal Bond ETF

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Frequently Asked Questions — BSMR