Invesco BulletShares 2033 Municipal Bond ETF
BSSX
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Sep 29, 2023
- CIK
- 0001657201
- Website
- invesco.com
- Similar Companies
- Business
- Invesco BulletShares 2033 Municipal Bond ETF (BSSX) is an exchange-traded fund that seeks investment results that correspond generally to the price and yield performance of the BulletShares 2033 Municipal Bond Index. The fund provides exposure to a targeted-maturity portfolio of investment-grade municipal bonds maturing in 2033; offers tax-exempt income distributions; and employs a laddered strategy through annual BulletShares series maturing from 2025 to 2033, enabling precise duration management for investors. It operates within the fixed-income segment of the municipal bond market, targeting tax-sensitive institutional and retail investors seeking high-quality, short- to intermediate-term securities exempt from federal income taxes. The ETF holds a diversified portfolio of approximately 500-700 municipal bonds issued by U.S. states, local governments, and agencies, including general obligation bonds, revenue bonds across sectors such as education, healthcare, transportation, and utilities; features an average credit quality of A or higher with a focus on securities rated investment-grade by major agencies; and maintains a low expense ratio of around 0.10%. Geographically, it invests exclusively in U.S. municipal obligations nationwide, with no international exposure. Invesco Ltd., the fund's sponsor and investment manager founded in 1935 and headquartered in Atlanta, Georgia, issues BSSX as part of its BulletShares branded ETF suite managed by Invesco Distributors, Inc. Recent developments include the ongoing annual maturation process where predecessor BulletShares municipal bond ETFs redeem holdings in their target year and distribute proceeds, with BSSX positioned as a successor vehicle for reinvestment; expansion of the BulletShares lineup with enhanced liquidity features amid rising interest in defined-maturity strategies post-2024 rate volatility; and no major acquisitions, partnerships, or reorganizations specific to BSSX reported in the last two years. The fund launched in late 2023 to capture demand for post-pandemic municipal refinancing activity.