BAB
Invesco Taxable Municipal Bond ETF

Price: $33.11
Change: $0.01 (-0.0%)
Category: National Munis
Last Updated:

Vitals

Issuer Invesco
Brand Invesco
Structure ETF
Expense Ratio 0.28%
ETF Home Page Home page
Inception Nov 17, 2009

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.

ETF Database Themes

Category National Munis
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Build America
Bond Duration All-Term

FactSet Classifications

  • 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

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $31.06
  • 52 Week Hi $33.71
  • AUM $2,542.4 M
  • Shares 76.4 M

Historical Trading Data

  • 1 Month Avg. Volume 335,695
  • 3 Month Avg. Volume 338,049

Alternative ETFs in the ETF Database National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.06% $14.4 B 1 M 0.93%
Largest (AUM) MUB 0.07% $24.4 B 1 M 0.81%
Most Liquid (Volume) VTEB 0.06% $14.4 B 1 M 0.93%
Top YTD Performer RTAI 1.91% $20.1 M 6,142 9.27%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.06% $14.4 B 1 M 0.93%
Largest (AUM) MUB 0.07% $24.4 B 1 M 0.81%
Most Liquid (Volume) VTEB 0.06% $14.4 B 1 M 0.93%
Top YTD Performer OVM 0.82% $12.4 M 2,635 4.07%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

BAB ETF Database Category Average FactSet Segment Average
Number of Holdings 637 824 1444
% of Assets in Top 10 10.40% 20.19% 24.13%
% of Assets in Top 15 13.86% 24.36% 28.48%
% of Assets in Top 50 32.26% 41.86% 45.64%

Size Comparison

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

BAB Valuation

This section compares the P/E ratio of this ETF to its peers.

BAB
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

BAB Dividend

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 $ 0.61 $ 0.75
Annual Dividend Yield 2.62% 1.57% 1.70%

BAB Price and Volume Charts

View charts featuring BAB price and volume data.

BAB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 26.25 M 1 Month Net Flows: 27.9 M 3 Month Net Flows: 195.14 M 6 Month Net Flows: 188.27 M 1 Year Net Flows: 328.59 M 3 Year Net Flows: 1.55 B 5 Year Net Flows: 1.37 B 10 Year Net Flows: 1.71 B

BAB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

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 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.

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 its peers.

Expenses Ratio Analysis

BAB
Expense Ratio
0.28%
ETF Database Category Average
Expense Ratio
0.29%
FactSet Segment Average
Expense Ratio
0.29%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
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 peers.

BAB ETF Database
Category Average
Factset Segment
Average
1 Month Return 0.45% 0.55% 0.76%
3 Month Return -0.64% -0.40% -0.25%
YTD Return 1.24% 1.19% 1.12%
1 Year Return 2.07% 1.87% 1.60%
3 Year Return 26.96% 9.16% 10.72%
5 Year Return 34.54% 7.96% 11.44%

Geographic Exposure

The following charts reflect the geographic spread of BAB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of BAB's underlying holdings.

Asset Percentage
Municipal 94.11%
Corporate 2.17%
Other 2.05%
Open-ended Fund 0.96%
Sovereign 0.7%
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 94.11%
Corporate 2.17%
Other 2.05%
Open-ended Fund 0.96%
Sovereign 0.7%

BAB Technicals

Volatility Analysis

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

5 Day Volatility
57.05%
Rank
13 of 50

20 Day Volatility
6.94%
Rank
1 of 50

50 Day Volatility
6.15%
Rank
1 of 50

200 Day Volatility
6.08%
Rank
1 of 50

Beta
0.08
Rank
11 of 50

Standard Deviation
0.56%
Rank
8 of 48

Technicals

  • 20 Day MA $32.96
  • 60 Day MA $32.97
  • MACD 15 Period 0.17
  • MACD 100 Period 0.01
  • Williams % Range 10 Day 14.55
  • Williams % Range 20 Day 33.78
  • RSI 10 Day 58
  • RSI 20 Day 54
  • RSI 30 Day 52
  • Ultimate Oscillator 62

Bollinger Bands

  • Lower Bollinger (10 Day) $32.62
  • Upper Bollinger (10 Day) $33.15
  • Lower Bollinger (20 Day) $32.66
  • Upper Bollinger (20 Day) $33.25
  • Lower Bollinger (30 Day) $32.55
  • Upper Bollinger (30 Day) $33.25

Support & Resistance

  • Support Level 1 $33.02
  • Support Level 2 $32.94
  • Resistance Level 1 $33.16
  • Resistance Level 2 $33.22

Stochastic

  • Stochastic Oscillator %D (1 Day) 66.81
  • Stochastic Oscillator %D (5 Day) 68.03
  • Stochastic Oscillator %K (1 Day) 58.41
  • Stochastic Oscillator %K (5 Day) 56.34

Financial Advisor Report

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Fact Sheet

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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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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