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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Taxable Municipal Bond ETF

BAB | ETF

$26.52

$1.57 B

4.11%

$1.09

0.28%

Vitals

YTD Return

2.1%

1 yr return

7.5%

3 Yr Avg Return

-3.7%

5 Yr Avg Return

-0.5%

Net Assets

$1.57 B

Holdings in Top 10

9.1%

52 WEEK LOW AND HIGH

$26.7
$25.61
$27.97

Expenses

OPERATING FEES

Expense Ratio 0.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Taxable Municipal Bond ETF

BAB | ETF

$26.52

$1.57 B

4.11%

$1.09

0.28%

BAB - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Taxable Municipal Bond ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Nov 17, 2009
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of U.S. dollar-denominated taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.
Securities eligible for inclusion in the Underlying Index must have: (i) at least 18 months to final maturity at the time of issuance, (ii) at least one year remaining term to final maturity, (iii) a fixed coupon schedule, including zero coupon bonds, and (iv) an investment grade rating (based on an average of ratings by Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings, a division of S&P Global Inc. (“S&P”), and Fitch Ratings, Inc. (“Fitch”)). Component securities also must have a minimum amount outstanding that varies according to the bond’s initial term to final maturity at time of issuance: maturities between 1-5 years must have at least $10 million outstanding; maturities between 5-10 years must have at least $15 million outstanding; and maturities of 10 years or more must have at least $25 million outstanding.
The Underlying Index excludes secondarily issued securities, securities issued under the Municipal Liquidity Facility or a municipal commercial paper program, Rule 144A securities and securities in legal default. However, it may include bonds eligible to participate in the Build America Bond program created under the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal securities on which the issuer receives federal support of the interest paid (“Build America Bonds”). Unlike most other municipal obligations, interest received on Build America Bonds is subject to federal and state income tax. The Underlying Index does not include bonds that, under the Build America Bond program, are eligible for tax credits. Build America Bonds must have at least $1 million outstanding to be eligible for inclusion in the Underlying Index.
The Underlying Index uses a market capitalization-weighted methodology, weighting its constituent bonds using a factor that equals their current amount outstanding multiplied by their market price, plus accrued interest.
As of October 31, 2023, the Underlying Index was comprised of 5,084constituents.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
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BAB - Performance

Return Ranking - Trailing

Period BAB Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% N/A N/A N/A
1 Yr 7.5% N/A N/A N/A
3 Yr -3.7%* N/A N/A N/A
5 Yr -0.5%* N/A N/A N/A
10 Yr 2.6%* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period BAB Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% N/A N/A N/A
2022 -22.0% N/A N/A N/A
2021 -1.6% N/A N/A N/A
2020 5.8% N/A N/A N/A
2019 6.7% N/A N/A N/A

Total Return Ranking - Trailing

Period BAB Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% N/A N/A N/A
1 Yr 7.5% N/A N/A N/A
3 Yr -3.7%* N/A N/A N/A
5 Yr -0.5%* N/A N/A N/A
10 Yr 2.6%* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period BAB Return Category Return Low Category Return High Rank in Category (%)
2023 8.7% N/A N/A N/A
2022 -19.5% N/A N/A N/A
2021 1.0% N/A N/A N/A
2020 9.1% N/A N/A N/A
2019 10.9% N/A N/A N/A

BAB - Holdings

Concentration Analysis

BAB Category Low Category High BAB % Rank
Net Assets 1.57 B N/A N/A N/A
Number of Holdings 635 N/A N/A N/A
Net Assets in Top 10 109 M N/A N/A N/A
Weighting of Top 10 9.13% N/A N/A N/A

Top 10 Holdings

  1. California (State of), Series 2009, GO Bonds 1.75%
  2. Invesco Government Agency Portfolio, Institutional Class 0.89%
  3. Illinois (State of), Series 2010 2, GO Bonds 0.85%
  4. California (State of), Series 2009, GO Bonds 0.84%
  5. Board of Regents of the University of Texas System, Series 2010 C, RB 0.84%
  6. University of California, Series 2019 BD, RB 0.81%
  7. Metro, Series 2019, GO Bonds 0.81%
  8. New York (City of), NY, Subseries 2019 A-2, GO Bonds 0.79%
  9. California (State of), Series 2010, GO Bonds 0.77%
  10. Chicago (City of), IL Transit Authority, Series 2020 B, Ref. RB 0.76%

Asset Allocation

Weighting Return Low Return High BAB % Rank
Bonds 		97.83% N/A N/A N/A
Cash 		2.17% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High BAB % Rank
Cash & Equivalents 		0.89% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High BAB % Rank
US 		97.83% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

BAB - Expenses

Operational Fees

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% N/A N/A N/A
Management Fee 0.28% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

BAB - Distributions

Dividend Yield Analysis

BAB Category Low Category High BAB % Rank
Dividend Yield 4.11% N/A N/A N/A

Dividend Distribution Analysis

BAB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

BAB Category Low Category High BAB % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

BAB Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

BAB - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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