Invesco BulletShares 2033 Municipal Bond ETF
$24.33−0.19 (−0.78%)
- Expense ratio
- 0.18%
- Fund size
- $140M
- 1Y return
- −0.8%
- Yield · Last 12 months
- 3.48%
- Holdings
- 1699
- Volume · 30D
- 0M sh
- NAV per share
- $24.52
- 52W range
The ETF.net BSSX Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 67Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on BSSX
COne rung of a municipal bond ladder in a single ticker. BSSX tracks an index of U.S. munis whose effective maturities all land in 2033, spreading roughly 1,600 of them across one fund.
The fund is based on the Invesco BulletShares® USD Municipal Bond 2033 Index and invests at least 80% of its assets in municipal bonds included in that index. The index covers U.S. dollar-denominated municipal securities with effective maturities in 2033.
Why people hold it
- Roughly 1,600 municipal bonds in one 2033 rung, spreading issuer risk far wider than a hand-built ladder of a few bonds.
- Defined maturity is baked in: the index holds only munis with effective maturities in 2033, so the portfolio's remaining life shortens as that year approaches.
- Income arrives monthly, and the mandate is tight: at least 80% of assets in municipal bonds from its named 2033 index.
Worth knowing
- At 0.18% a year it sits above the target-maturity norm. Treasury and corporate rungs such as IBTJ (0.07%) and BSCT (0.10%) charge less for the same ladder idea.
- A smaller fund that trades thinly, so bid-ask spreads can run wide. Limit orders are the standard defense.
- Launched in 2023, so it carries a short track record and a long stretch of rate and credit weather before its bonds come due.
BSSX Holdings
- Bonds
- 1,699
- 5%
- USD Pending Dividends
BSSX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BSSX |
|---|---|
| Year to date | −2.8% |
| 1 month | −2.7% |
| 3 months | −3.8% |
| 1 year | −0.8% |
| 3 years | +3.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BSSX |
|---|---|---|
| 2026 YTD | −2.8% | |
| 2025 | +3.8% | |
| 2024 | −0.1% | |
| 2023 | +7.5% |
BSSX in the news
ETF.net Research hasn’t filed on BSSX yet — coverage lands here as it’s written.
BSSX Dividends
- 3.48%
- $0.85
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.07 |
| Aug 24, 2026 | Aug 28, 2026 | $0.08 |
| Jul 20, 2026 | Jul 24, 2026 | $0.07 |
| Jun 22, 2026 | Jun 26, 2026 | $0.07 |
| May 18, 2026 | May 22, 2026 | $0.07 |
| Apr 20, 2026 | Apr 24, 2026 | $0.07 |
| Mar 23, 2026 | Mar 27, 2026 | $0.07 |
| Feb 23, 2026 | Feb 27, 2026 | $0.07 |
| Jan 20, 2026 | Jan 23, 2026 | $0.07 |
| Dec 22, 2025 | Dec 26, 2025 | $0.07 |
| Nov 24, 2025 | Nov 28, 2025 | $0.07 |
| Oct 20, 2025 | Oct 24, 2025 | $0.07 |
BSSX Risk
- 6.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.002
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.35
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSSX Cost
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.