BSSX ETF — Holdings & Analysis

BSSX distinguishes itself with a targeted maturity date and a relatively low expense ratio of 0.18%, offering investors a way to manage duration risk in their fixed-income portfolios. Past performance does not guarantee future results.

Invesco BulletShares 2033 Municipal Bond ETF (BSSX) ETF — Price, Holdings & Analysis

The Invesco BulletShares 2033 Municipal Bond ETF (BSSX) is a fixed-income ETF with $0.12 billion in assets under management. It aims to track the Invesco BulletShares USD Municipal Bond 2033 Index, focusing on U.S. dollar-denominated municipal securities maturing in 2033. BSSX distinguishes itself with a targeted maturity date and a relatively low expense ratio of 0.18%, offering investors a way to manage duration risk in their fixed-income portfolios. Past performance does not guarantee future results.

ETF Overview

The Invesco BulletShares 2033 Municipal Bond ETF (Fund) is based on the Invesco BulletShares USD Municipal Bond 2033 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 2033. 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 2033 and will terminate on or about Dec. 15, 2033. See the prospectus for more information.

BSSX, with an expense ratio of 0.18%, seeks to replicate the performance of the Invesco BulletShares USD Municipal Bond 2033 Index. This index comprises U.S. dollar-denominated municipal bonds issued by U.S. states, state agencies, or local governments, all with effective maturities in 2033. The ETF employs a sampling methodology, meaning it doesn't necessarily hold all the securities in the index but aims to achieve similar investment outcomes. A significant portion of the fund, 96.9%, is currently allocated to Cash & Others, with the remaining 3.1% invested in Financial Services. This allocation strategy provides exposure to the municipal bond market while managing credit risk through diversification. The fund is rebalanced monthly and has a designated maturity year of 2033, at which point it will terminate. This structure is designed for investors seeking to align their fixed-income investments with a specific future date. Past performance does not guarantee future results.

Risk Metrics

BSSX presents a unique risk profile due to its targeted maturity date and sector concentration. The fund's allocation of 96.9% to Cash & Others introduces concentration risk, as a significant portion of the portfolio's performance relies on cash management strategies. The remaining 3.1% allocation to Financial Services exposes the fund to risks associated with that sector. With a 3-year beta of 0.00, BSSX exhibits very low volatility relative to the broader market. However, the may be worth researching impact of rising interest rates on bond values, especially as the fund approaches its 2033 maturity date. The fund's expense ratio of 0.18% will create a slight drag on performance over time. Past performance does not guarantee future results.

Expense Ratio

0.18%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	96.9%
Financial Services	3.1%

Country	Weight
Other	96.9%
United States	3.1%

Dividend Yield

0.00%

JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
Day Hagan / Ned Davis Research Smart Sector Fixed Income ETF (SSFI) — 0.76% expense ratio
Brookstone Intermediate Bond ETF (BAMB) — 1.04% expense ratio
Franklin Short Duration U.S. Government ETF (FTSD) — 0.25% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco S&P 500 QVM Multi-factor ETF (QVML) (Equity) — 0.11% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) (Equity) — 0.60% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is BSSX and what does it track?

The Invesco BulletShares 2033 Municipal Bond ETF (BSSX) is a fixed-income ETF managed by Invesco.

Launched in 2023, BSSX has $0.12 billion in assets under management and seeks to replicate the performance of the Invesco BulletShares USD Municipal Bond 2033 Index. This index is composed of U.S. dollar-denominated municipal bonds issued by U.S.

What is the expense ratio for BSSX?

The expense ratio for BSSX is 0.18%. This means that for every $10,000 invested, the fund charges $18 annually to cover its operating expenses.

While expense ratios can vary across different fixed-income ETFs, BSSX's expense ratio is relatively low compared to the category average.

What are the top holdings in BSSX?

As of 2026-03-15, BSSX's portfolio is primarily allocated to Cash & Others, representing 96.9% of the fund. The next largest sector allocation is to Financial Services, comprising 3.1% of the portfolio.

While specific bond holdings are not detailed in the provided data, the fund's investment strategy focuses on municipal bonds maturing in 2033.

Is BSSX a good long-term investment?

BSSX may be considered for long-term investment by those seeking targeted exposure to municipal bonds with a defined maturity date.

With an expense ratio of 0.18% and $0.12 billion in AUM, BSSX offers a relatively low-cost and liquid way to access this market segment. However, investors should carefully consider their own investment objectives, risk tolerance, and time horizon before investing.

How does BSSX compare to similar ETFs?

BSSX differentiates itself through its defined maturity strategy, targeting municipal bonds maturing in 2033. Compared to broad municipal bond ETFs, BSSX offers a more precise way to manage duration risk.

Its expense ratio of 0.18% is competitive within the target maturity ETF landscape. The fund's AUM of $0.12 billion indicates moderate liquidity.

Does BSSX pay dividends?

According to the provided data, BSSX has a dividend yield of 0.00%. This indicates that the fund is not currently distributing income to shareholders.

While municipal bond ETFs often provide regular income streams, BSSX's current focus appears to be on capital appreciation or reinvestment within the fund.