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BAB
Invesco Taxable Municipal Bond ETF

Price: $33.07
Change: $0.01 (0.0%)
Category: National Munis
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $22.10
  • 52 Week Hi $35.15
  • AUM $2,124.1 M
  • Shares 63.5 M

Analyst Report

BAB will offer exposure to an index which is designed to track the performance of U.S. dollar-denominated Build America Bonds publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. market. Unlike most municipal bonds, Build America Bonds are taxable securities, eliminating one of the advantages that has traditionally allowed municipalities to issue debt at lower rates than otherwise comparable corporate debt. Here's the unique element of Build America Bonds: the U.S. Treasury makes a payment to the issuers of direct-payment Build America Bonds equal to 35% of the total interest payable to investors. So if a municipality issues a $100 million Build America Bond with a taxable coupon of 10%, the issuer would make an annual interest payment to investors of $10 million and would receive a $3.5 million payment from the Treasury, resulting in an effective interest rate of 6.5%. BAB invests primarily in investment grade debts, giving investors safety during unstable markets, and with an average coupon rate above 5%, the ETF will also offer and attractive yield.

Historical Trading Data

  • 1 Month Avg. Volume 390,791
  • 3 Month Avg. Volume 497,659

Alternative ETFs in the National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MUB 0.07% $17.9 B 1 M 2.91%
Largest (AUM) MUB 0.07% $17.9 B 1 M 2.91%
Most Liquid (Volume) MUB 0.07% $17.9 B 1 M 2.91%
Top YTD Performer MMIN 0.31% $148.3 M 75,730 4.84%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

360
Number of Holdings
13.60%
% Assets in Top 10
17.97%
% Assets in Top 15
40.29%
% Assets in Top 50
Number of Holdings
360

% Assets in Top 10
13.60%

% Assets in Top 15
17.97%

% Assets in Top 50
40.29%

Sector Breakdown

Asset Percentage
Municipal debt 95.43%
Corporate debt 2.4%
ETF Cash Component 2.17%
Bond Sector Percentage
Municipal 95.43%
Corporate 2.4%
ETF Cash Component 2.17%
Bond Sector Percentage
Municipal Bond 56.38%
Municipal Build America Bond 38.48%
Corporate Bond 2.4%
Other 2.74%
Coupon Range Percentage
0% to 1% 6.51%
1% to 2% 7.73%
2% to 3% 16.75%
3% to 4% 19.54%
4% to 5% 10.38%
5% to 6% 11.41%
6% to 7% 16.17%
7% to 8% 8.28%
8% to 9% 1.0%
9% to 10% 0.06%
Greater Than 10% 0.0%
ETF Cash Component 2.17%
Credit Percentage
AAA 6.46%
AA 53.96%
A 29.97%
BBB 5.9%
BB 1.04%
B 0.43%
Below B 0.0%
Not Rated 0.07%
ETF Cash Component 2.17%
Maturity Percentage
Less Than 1 Year 1.16%
1-3 Years 4.63%
3-5 Years 5.46%
5-7 Years 2.91%
7-10 Years 10.71%
10-15 Years 12.53%
15-20 Years 22.29%
20-30 Years 29.0%
30+ Years 9.14%
ETF Cash Component 2.17%
Asset Percentage
Municipal debt 95.43%
Corporate debt 2.4%
ETF Cash Component 2.17%

BAB Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

BAB Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.07
Dividend Date
2020-09-21
Annual Dividend Rate
$1.07

$0.07
Dividend
2020-09-21
Dividend Date
$1.07
Annual Dividend Rate
Annual Dividend Yield
3.22%

BAB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 6.62 M 1 Month Net Flows: 101.76 M 3 Month Net Flows: 582.19 M 6 Month Net Flows: 732.08 M 1 Year Net Flows: 759.9 M 3 Year Net Flows: 1.05 B 5 Year Net Flows: 1.32 B 10 Year Net Flows: 1.38 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for BAB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

BAB Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
0.26%
Expense Ratio
0.28%
ESG Themes and Scores

BAB does not have an ESG score. There are no ESG themes that map to this ETF.

BAB Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.21%
1 Week Return
-0.97%
4 Week Return
0.23%
13 Week Return
6.47%
26 Week Return
7.02%
Year to Date Return
6.88%
1 Year Return
21.21%
3 Year Return
37.32%
5 Year Return
1 Week Return
0.21%

4 Week Return
-0.97%

13 Week Return
0.23%

26 Week Return
6.47%

Year to Date Return
7.02%

1 Year Return
6.88%

3 Year Return
21.21%

5 Year Return
37.32%

BAB Price and Volume Chart

BAB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
146.84%
Rank
4 of 46

20 Day Volatility
4.12%
Rank
2 of 46

50 Day Volatility
5.04%
Rank
1 of 46

200 Day Volatility
5.82%
Rank
4 of 46

Beta
0.04
Rank
27 of 46

Standard Deviation
1.30%
Rank
10 of 37

Technicals

  • 20 Day MA $33.23
  • 60 Day MA $33.35
  • MACD 15 Period -0.07
  • MACD 100 Period 0.07
  • Williams % Range 10 Day 36.36
  • Williams % Range 20 Day 70.00
  • RSI 10 Day 42
  • RSI 20 Day 45
  • RSI 30 Day 48
  • Ultimate Oscillator 54

Bollinger Brands

  • Lower Bollinger (10 Day) $32.90
  • Upper Bollinger (10 Day) $33.16
  • Lower Bollinger (20 Day) $32.80
  • Upper Bollinger (20 Day) $33.66
  • Lower Bollinger (30 Day) $32.89
  • Upper Bollinger (30 Day) $33.73

Support & Resistance

  • Support Level 1 $33.03
  • Support Level 2 $32.98
  • Resistance Level 1 $33.12
  • Resistance Level 2 $33.16

Stochastic

  • Stochastic Oscillator %D (1 Day) 39.77
  • Stochastic Oscillator %D (5 Day) 56.89
  • Stochastic Oscillator %K (1 Day) 47.96
  • Stochastic Oscillator %K (5 Day) 51.22

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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