Understanding the Invesco BulletShares 2033 Municipal Bond ETF (BSSX)

What this ETF is trying to do

The BSSX is an Exchange Traded Fund (ETF). This specific fund focuses on municipal bonds that are set to mature in the year 2033. A municipal bond is a type of loan made to local governments. By using this ETF, investors are looking to access a collection of these government-related bonds all at once.

What the numbers show

As of July 15, 2026, the current price of one share is $25.71. If we look back at the last year, the price has grown. One year ago, the estimated price was about $24.88. This means the price itself went up by 3.34% over the last twelve months.

When you look at "total return," which includes both price changes and the money paid out to investors, the one-year return is 6.82%. Year-to-date (from the start of this year until now), the total return is 1.09%.

Income and distribution explanation

This ETF pays out money to investors, which is called a "distribution." The trailing distributions over the last year were $0.8475 per share. This results in a distribution yield of 3.296%. These payments happen frequently; in the last 12 months, there were 12 payouts, meaning it usually pays out every month.

It is important to remember that a high yield alone can be misleading. A high percentage might look good, but you must also look at whether the share price is staying steady or falling.

NAV erosion explanation

"NAV erosion" happens when the value of the underlying assets in the ETF drops, causing the share price to fall over time. If an ETF's price collapses from a high number to a much lower number, it can destroy your principal (the original money you put in).

However, BSSX has an erosion score of 94, which is labeled as "Stable / sideways." This means the fund is not showing signs of severe erosion. Income investors usually prefer ETFs that go sideways or slightly up. If a price collapses, the money lost from the falling share price can be much larger than the income you earned from distributions.

Pros

• The ETF has shown a positive one-year total return of 6.82%.

• It provides regular monthly income through distributions.

• The price history shows it is currently stable rather than eroding quickly.

Cons

• The year-to-date price return is slightly negative at -0.55%.

• Like all bond funds, the value can change based on market conditions.

Beginner takeaway

BSSX is a fund that focuses on municipal bonds maturing in 2033. It provides monthly income and has shown stable price movement over the last year. When looking at ETFs that pay income, always check if the share price is staying steady or falling, as a falling price can cancel out the benefits of the payments you receive.