Key stats
About Invesco Taxable Municipal Bond ETF
Home page
Inception date
Nov 17, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
BAB accesses specific nichetaxable municipal bondsutilizing a plain-vanilla market-value selection and weighting process. BAB holds investment-grade taxable munis across all states and locales. Taxable munis generally carry higher yields than their tax-exempt counterparts, reflecting a premium for both the added tax burden and the lower liquidity typical to these securities. As such, BAB might be a good alternative for foreign investors who do not enjoy favorable tax treatment or for US investors seeking higher yield in a tax-advantaged account. BAB changed its underlying index from the BofA Merrill Lynch Build America Bond Index to the ICE BofAML US Taxable Municipal Securities Plus Index on 6/1/2017. The change materially broadened BAB's exposure to all taxable municipal securities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal96.67%
Securitized1.81%
Mutual fund1.55%
Cash−0.03%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BAB invests in bonds. The fund's major sectors are Municipal, with 96.67% stocks, and Securitized, with 1.81% of the basket. The assets are mostly located in the N/A region.
BAB last dividends amounted to 0.09 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 0.28% decrease.
BAB assets under management is 924.57 M USD. It's fallen 4.13% over the last month.
BAB fund flows account for −253.69 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BAB pays dividends to its holders with the dividend yield of 4.03%. The last dividend (May 23, 2025) amounted to 0.09 USD. The dividends are paid monthly.
BAB shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Nov 17, 2009, and its management style is Passive.
BAB expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
BAB follows the ICE BofA US Taxable Municipal Securities Plus. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BAB invests in bonds.
BAB price has fallen by −1.51% over the last month, and its yearly performance shows a −2.25% decrease. See more dynamics on BAB price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.41% over the last month, showed a −1.29% decrease in three-month performance and has increased by 2.53% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.41% over the last month, showed a −1.29% decrease in three-month performance and has increased by 2.53% in a year.
BAB trades at a premium (0.46%) meaning the ETF is trading at a higher price than the calculated NAV.