Invesco BulletShares 2033 Municipal Bond ETF
$24.41+0.16 (+0.66%)
- 0.18%
- $145M
- −2.4%
- 3.52%
- 0M sh
- $24.16
- low $23.66high $26.61
The ETF.net BSSX Grade
C
Score 46 out of 100
- 19 of 32
Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 10 of 32Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 28 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 22 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 12 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 13 of 32
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
- 1,774
- 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.
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BSSX$9,759
Returns run to the Oct 12, 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 | −3.8% |
| 1 month | −1.7% |
| 3 months | −5.0% |
| 1 year | −2.4% |
| 3 years | +3.1% |
| 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 | −3.8% | |
| 2025 | +3.8% | |
| 2024 | −0.1% | |
| 2023 | +7.5% |
BSSX in the news
BSSX Dividends
- 3.52%
- $0.85
- $0.07 per share
- Monthly
Distribution history
BSSX Risk
- 7.1%
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.
- −0.20
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.
- 0.36
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
0.18%
BSSX0.18%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
9 of the 32 Defined-Maturity Municipal funds charge less.
Other funds in Defined-Maturity Municipal
- CBSMYInvesco BulletShares 2034 Municipal Bond ETFExpense ratio 0.18%1 year return −3.1%
- CBSMWInvesco BulletShares 2032 Municipal Bond ETFExpense ratio 0.18%1 year return −2.4%
- CBSMZInvesco BulletShares 2035 Municipal Bond ETFExpense ratio 0.18%1 year return −3.3%
- CMUNBNorthern Trust 2035 Tax-Exempt Distributing Ladder ETFExpense ratio 0.18%1 year return −1.1%
- DMYMKState Street My2031 Municipal Bond ETFExpense ratio 0.20%1 year return −0.5%