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.
| Segment | Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade |
| Category | Government, Local Authority/Municipal |
| Focus | Investment Grade |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| BAB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 634 | 859 | 1097 |
| % of Assets in Top 10 | 11.83% | 19.84% | 30.67% |
| % of Assets in Top 15 | 15.15% | 24.26% | 34.96% |
| % of Assets in Top 50 | 32.13% | 43.51% | 51.43% |
| BAB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| BAB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.07 | $ 0.05 | $ 0.08 |
| Dividend Date | 2021-10-18 | N/A | N/A |
| Annual Dividend Rate | $ 0.87 | $ 0.57 | $ 0.84 |
| Annual Dividend Yield | 2.62% | 1.45% | 2.10% |
View charts featuring BAB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -23.35 M 1 Month Net Flows: -28.46 M 3 Month Net Flows: -250.98 M 6 Month Net Flows: -204 M 1 Year Net Flows: -533.32 M 3 Year Net Flows: 614.98 M 5 Year Net Flows: 916.13 M 10 Year Net Flows: 828.62 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -11.16 MThe 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
BAB does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| BAB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 5.91% | 4.23% | 5.91% |
| 3 Month Return | -2.90% | 0.18% | -0.11% |
| YTD Return | -18.15% | -7.55% | -10.54% |
| 1 Year Return | -18.89% | -7.49% | -10.38% |
| 3 Year Return | -10.40% | -1.53% | -2.89% |
| 5 Year Return | 2.06% | 2.54% | 2.94% |
The following charts reflect the geographic spread of BAB's underlying holdings.
The following charts reflect the allocation of BAB's underlying holdings.
| Asset | Percentage |
|---|---|
| Municipal | 96.03% |
| Other | 2.29% |
| Open-ended Fund | 1.31% |
| Corporate | 0.41% |
| CASH | 0.0% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Municipal | 96.03% |
| Other | 2.29% |
| Open-ended Fund | 1.31% |
| Corporate | 0.41% |
| CASH | 0.0% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 53.56% |
| 20 Day Volatility | 10.64% |
| 50 Day Volatility | 13.09% |
| 200 Day Volatility | 11.62% |
| Beta | 0.08 |
| Standard Deviation | 2.22% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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