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BAB
Invesco Taxable Municipal Bond ETF

Price: $33.25
Change: $0.22 (-0.01%)
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 $22.19
  • 52 Week Hi $35.28
  • AUM $1,971.7 M
  • Shares 59.2 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 729,775
  • 3 Month Avg. Volume 462,823

Alternative ETFs in the National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MUB 0.07% $18.4 B 1 M 4.08%
Largest (AUM) MUB 0.07% $18.4 B 1 M 4.08%
Most Liquid (Volume) MUB 0.07% $18.4 B 1 M 4.08%
Top YTD Performer IBMQ 0.18% $46.9 M 9,194 6.42%

Top 15 Holdings

Concentration Analysis

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

339
Number of Holdings
15.66%
% Assets in Top 10
20.15%
% Assets in Top 15
42.98%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
339
Rank
20 of 47
Low
OVM (2)
High
MUB (4418)
% Assets in Top 10
15.66%
Rank
19 of 47
Low
MUB (3.42%)
High
OVM (100.00%)
% Assets in Top 15
20.15%
Rank
29 of 47
Low
MUB (4.14%)
High
OVM (100.00%)
% Assets in Top 50
42.98%
Rank
27 of 47
Low
MUB (8.40%)
High
OVM (100.00%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Municipal debt 94.01%
ETF Cash Component 3.59%
Corporate debt 2.4%
Bond Sector Percentage
Municipal 94.01%
ETF Cash Component 3.59%
Corporate 2.4%
Bond Sector Percentage
Municipal Bond 51.65%
Municipal Build America Bond 41.75%
Corporate Bond 2.4%
Other 4.21%
Coupon Range Percentage
0% to 1% 6.82%
1% to 2% 7.88%
2% to 3% 15.42%
3% to 4% 15.19%
4% to 5% 11.17%
5% to 6% 12.24%
6% to 7% 17.8%
7% to 8% 8.83%
8% to 9% 0.99%
9% to 10% 0.06%
Greater Than 10% 0.0%
ETF Cash Component 3.59%
Credit Percentage
AAA 7.04%
AA 52.05%
A 29.27%
BBB 6.03%
BB 1.04%
B 0.44%
Below B 0.0%
Not Rated 0.06%
ETF Cash Component 3.59%
Rating Unknown 0.48%
Maturity Percentage
Less Than 1 Year 0.73%
1-3 Years 5.32%
3-5 Years 5.55%
5-7 Years 3.02%
7-10 Years 10.62%
10-15 Years 13.27%
15-20 Years 21.79%
20-30 Years 27.02%
30+ Years 9.1%
ETF Cash Component 3.59%
 
View Less Charts
 
Asset Percentage
Municipal debt 94.01%
ETF Cash Component 3.59%
Corporate debt 2.4%
 
View More Charts
 

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
$0.09
Dividend Date
2020-07-20
Annual Dividend Rate
$1.12

$0.09
Dividend
2020-07-20
Dividend Date
$1.12
Annual Dividend Rate
Annual Dividend Yield
3.37%
Rank
4 of 47
Low
PVI (0.71%)
High
HYD (4.19%)

BAB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 8.4 M 1 Month Net Flows: 418.32 M 3 Month Net Flows: 574.57 M 6 Month Net Flows: 380.86 M 1 Year Net Flows: 609.6 M 3 Year Net Flows: 841.69 M 5 Year Net Flows: 1.14 B 10 Year Net Flows: 1.28 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.

Sign Up for Pro to Unlock Data Sign Up
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%
Rank
29 of 47
Low
SUB (0.07%)
High
OVM (0.82%)
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.

-1.07%
1 Week Return
0.50%
4 Week Return
5.61%
13 Week Return
3.94%
26 Week Return
7.18%
Year to Date Return
5.83%
1 Year Return
22.74%
3 Year Return
38.49%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-1.07%
Rank
47 of 47
Low
BAB (-1.07%)
High
MAAX (0.67%)
4 Week Return
0.50%
Rank
38 of 46
Low
BSML (0.19%)
High
MLN (2.61%)
13 Week Return
5.61%
Rank
16 of 47
Low
PVI (-0.25%)
High
SHYD (11.44%)
26 Week Return
3.94%
Rank
4 of 47
Low
HYD (-5.43%)
High
MMIN (4.43%)
Year to Date Return
7.18%
Rank
1 of 47
Low
HYD (-3.35%)
High
BAB (7.18%)
1 Year Return
5.83%
Rank
4 of 37
Low
HYD (-2.18%)
High
MMIN (6.67%)
3 Year Return
22.74%
Rank
1 of 22
Low
PVI (2.88%)
High
BAB (22.74%)
5 Year Return
38.49%
Rank
1 of 18
Low
PVI (3.34%)
High
BAB (38.49%)

 
View Summary Analysis
 

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.

 
View Detailed Analysis
 
5 Day Volatility
139.08%
Rank
4 of 47
Low
PVI (1.52%)
High
HYD (261.64%)
20 Day Volatility
5.42%
Rank
1 of 47
Low
PVI (0.78%)
High
BAB (5.42%)
50 Day Volatility
6.14%
Rank
3 of 47
Low
PVI (0.96%)
High
BSMS (16.37%)
200 Day Volatility
18.35%
Rank
9 of 47
Low
PVI (2.37%)
High
HYD (34.42%)
Beta
0.03
Rank
30 of 47
Low
PVI (-0.01)
High
BSMS (0.9)
Standard Deviation
1.13%
Rank
13 of 37
Low
PVI (0.07%)
High
HYD (4.15%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $33.43
  • 60 Day MA $32.71
  • MACD 15 Period -0.26
  • MACD 100 Period 1.26
  • Williams % Range 10 Day 94.55
  • Williams % Range 20 Day 75.76
  • RSI 10 Day 42
  • RSI 20 Day 53
  • RSI 30 Day 56
  • Ultimate Oscillator 51

Bollinger Brands

  • Lower Bollinger (10 Day) $33.33
  • Upper Bollinger (10 Day) $33.78
  • Lower Bollinger (20 Day) $33.09
  • Upper Bollinger (20 Day) $33.77
  • Lower Bollinger (30 Day) $32.72
  • Upper Bollinger (30 Day) $33.82

Support & Resistance

  • Support Level 1 $33.16
  • Support Level 2 $33.07
  • Resistance Level 1 $33.40
  • Resistance Level 2 $33.55

Stochastic

  • Stochastic Oscillator %D (1 Day) 47.54
  • Stochastic Oscillator %D (5 Day) 36.84
  • Stochastic Oscillator %K (1 Day) 58.81
  • Stochastic Oscillator %K (5 Day) 56.00

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.

Download the fact sheet PDF

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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