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Invesco Taxable Municipal Bond ETF

etf
BAB
Dividend policy
Increase
Price as of:
$33.3 +0.14 +0%
primary theme
Municipal Bond
BAB (ETF)

Invesco Taxable Municipal Bond ETF

Dividend policy
Increase
Price as of:
$33.3 +0.14 +0%
primary theme
Municipal Bond
BAB (ETF)
Invesco Taxable Municipal Bond ETF
Dividend policy
Increase
Price as of:
$33.3 +0.14 +0%
primary theme
Municipal Bond

BAB - Snapshot

Vitals

  • YTD Return 5.1%
  • 3 Yr Annualized Return 6.3%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $2.1 B
  • Holdings in Top 10 13.7%

52 WEEK LOW AND HIGH

$33.16
$25.01
$34.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.28%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Municipal Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Long

Compare BAB to Popular Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$14.80

+0.07%

$78.56 B

-

$0.00

blocked
blocked
blocked

2.28%

-

$11.24

0.00%

$32.48 B

-

$0.00

blocked
blocked
blocked

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

blocked
blocked
blocked

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

blocked
blocked
blocked

0.57%

-

$12.35

0.00%

$17.53 B

-

$0.00

blocked
blocked
blocked

2.15%

-

Compare BAB to Popular Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$54.94

+0.07%

$10.00 B

2.04%

$1.12

blocked
blocked
blocked

2.61%

-

$49.86

+0.12%

$4.28 B

1.24%

$0.62

blocked
blocked
blocked

1.53%

-

$52.43

+0.08%

$3.26 B

1.95%

$1.02

blocked
blocked
blocked

3.66%

-

$33.30

+0.42%

$2.10 B

3.13%

$1.04

blocked
blocked
blocked

5.15%

-

-

-

$1.71 B

-

$0.09

blocked
blocked
blocked

3.15%

-

BAB - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.32%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Taxable Municipal Bond ETF
  • Fund Family Name
    Invesco
  • Inception Date
    Nov 17, 2009
  • Shares Outstanding
    64400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Hubbard

Fund Description

The fund generally will invest at least 80% of its total assets in taxable municipal securities that comprise the underlying index. The underlying index is designed to track 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. market.


BAB - Performance

Return Ranking - Trailing

Period BAB Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -4.4% 307.0% 1.73%
1 Yr 5.0% -5.4% 5.8% 0.69%
3 Yr 6.3%* -0.6% 8.2% 0.94%
5 Yr 6.4%* -0.3% 6.9% 0.30%
10 Yr 6.9%* -0.1% 8.1% 0.58%

* Annualized

Return Ranking - Calendar

Period BAB Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -0.3% 15.4% 3.66%
2018 -3.3% -10.3% 97.2% 88.87%
2017 5.5% -100.0% 7.6% 0.69%
2016 0.3% -7.9% 96.8% 0.36%
2015 -4.8% -4.8% 3.0% 99.78%

Total Return Ranking - Trailing

Period BAB Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -4.4% 307.0% 1.73%
1 Yr 5.0% -8.3% 5.8% 0.57%
3 Yr 6.3%* -2.5% 8.2% 0.82%
5 Yr 6.4%* -1.5% 6.9% 0.24%
10 Yr 6.9%* -0.4% 8.1% 0.58%

* Annualized

Total Return Ranking - Calendar

Period BAB Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -0.3% 15.4% 3.66%
2018 -3.3% -10.3% 11.0% 89.70%
2017 5.5% -100.0% 7.6% 1.03%
2016 0.3% -7.9% 3.0% 1.72%
2015 -4.8% -4.8% 4.0% 99.78%

BAB - Holdings

Concentration Analysis

BAB Category Low Category High BAB % Rank
Net Assets 2.1 B 611 K 78.6 B 17.48%
Number of Holdings 405 1 10805 26.72%
Net Assets in Top 10 285 M -199 M 3.97 B 13.59%
Weighting of Top 10 13.66% 2.5% 100.0% 70.50%

Top 10 Holdings

  1. ALLEGHENY CNTY PA 2.34% 1.80%
  2. CALIFORNIA ST 7.55% 1.56%
  3. UNIVERSITY CALIF REVS 4.13% 1.39%
  4. PUBLIC FIN AUTH WIS HOSP REV 3.09% 1.16%
  5. CALIFORNIA ST 7.3% 1.10%
  6. COMMONWEALTH FING AUTH PA REV 3.66% 1.09%
  7. PORT AUTH N Y & N J 1.09% 1.09%
  8. FORT LAUDERDALE FLA SPL OBLIG 0.75% 1.09%
  9. CALIFORNIA ST 7.5% 0.95%
  10. DALLAS FORT WORTH TEX INTL ARPT REV 2.92% 0.91%

Asset Allocation

Weighting Return Low Return High BAB % Rank
Bonds
97.51% 0.00% 147.66% 67.83%
Cash
2.49% -47.66% 100.00% 31.17%
Stocks
0.00% 0.00% 1.80% 93.92%
Preferred Stocks
0.00% -0.98% 1.07% 93.40%
Other
0.00% -1.46% 12.83% 93.01%
Convertible Bonds
0.00% 0.00% 1.64% 93.86%

Bond Sector Breakdown

Weighting Return Low Return High BAB % Rank
Municipal
94.99% 0.00% 100.00% 81.91%
Cash & Equivalents
2.49% 0.00% 100.00% 31.62%
Corporate
2.12% 0.00% 12.97% 1.24%
Government
0.40% 0.00% 49.72% 2.42%
Derivative
0.00% 0.00% 2.16% 93.69%
Securitized
0.00% 0.00% 6.06% 93.97%

Bond Geographic Breakdown

Weighting Return Low Return High BAB % Rank
US
97.51% 0.00% 141.34% 45.89%
Non US
0.00% 0.00% 27.62% 97.91%

BAB - Expenses

Operational Fees

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% 0.01% 4.23% 96.14%
Management Fee 0.28% 0.00% 1.10% 11.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

BAB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 18.00% 0.00% 233.00% 44.79%

BAB - Distributions

Dividend Yield Analysis

BAB Category Low Category High BAB % Rank
Dividend Yield 2.63% 0.00% 3.55% 0.23%

Dividend Distribution Analysis

BAB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BAB Category Low Category High BAB % Rank
Net Income Ratio 3.32% 0.00% 6.48% 9.37%

Capital Gain Distribution Analysis

BAB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

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BAB - Fund Manager Analysis

Managers

Peter Hubbard


Start Date

Tenure

Tenure Rank

Nov 17, 2009

10.96

11.0%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Philip Fang


Start Date

Tenure

Tenure Rank

Nov 17, 2009

10.96

11.0%

Philip Fang is Portfolio Manager of Invesco Capital Management LLC, has been responsible for certain Funds in the Trust since July 2010 and has been associated with Invesco Capital Management since 2007.

Jeffrey Kernagis


Start Date

Tenure

Tenure Rank

Nov 17, 2009

10.96

11.0%

Kernagis is a Senior Portfolio Manager of Invesco Capital Management LLC. Mr. Kernagis has been associated with Invesco Capital Management LLC since 2007. Prior to joining Invesco Capital Management LLC, Mr. Kernagis was a Portfolio Manager at Claymore Securities, Inc. from 2005 to 2007. Prior to that, Mr. Kernagis was a Senior Trader at Mid-States Corporate Federal Credit Union from 2004 to 2005 and a Vice President of Institutional Futures Sales at ABN Amro, Inc. from 1994 to 2003.

Gary Jones


Start Date

Tenure

Tenure Rank

Jan 31, 2012

8.76

8.8%

Gary Jones is a Portfolio Manager of Invesco PowerShares Capital Management LLC and has been one of the Portfolio Managers primarily responsible for the day-to-day management of the Funds since January 2012. Mr. Jones has been a Portfolio Manager of the Adviser since December 2010. Previously, he was a Portfolio Manager of Van Kampen Investments from 2007 to 2009.

Jeremy Neisewander


Start Date

Tenure

Tenure Rank

Dec 20, 2019

0.87

0.9%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84

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