Invesco Taxable Municipal Bond ETF (BAB) Holdings

For informational purposes only. Not financial advice.

Quick Answer

Invesco Taxable Municipal Bond ETF (BAB) has a last stored price of $25.28, as of the Oct 2, 2026 trading session. It has a 0.28% expense ratio and $1.0B in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Invesco Shrt-Trm Inv Gov&Agcy Instl (AGPXX) at 1.51%, and the largest sector allocation is Cash & Others at 95.8%.

Invesco Taxable Municipal Bond ETF (BAB) ETF — Price, Holdings & Analysis

ETF Overview

The Invesco Taxable Municipal Bond ETF (BAB) seeks to track the performance of the ICE BofAML US Taxable Municipal Securities Plus Index, which comprises US dollar-denominated taxable municipal debt issued by US states, territories, and their political subdivisions. BAB employs a sampling methodology, meaning it doesn't invest in all the index's securities but rather a representative selection. This approach aims to mirror the index's overall characteristics and performance. A significant portion of the fund, 95.8%, is allocated to Cash & Others, with 4.0% in Financial Services, and minor allocations to Consumer Cyclical and Technology sectors. The fund's top holding is Invesco Shrt-Trm Inv Gov&Agcy Instl (AGPXX) at 1.51%. BAB is rebalanced and reconstituted monthly. This ETF could be suitable for investors seeking exposure to the taxable municipal bond market with a focus on US-based issuers.

Risk Metrics

BAB's risk profile is influenced by its sector allocation and investment strategy. The large allocation to Cash & Others (95.8%) could reduce volatility but may also limit potential returns compared to a fund fully invested in bonds. The fund's beta of 0.98 suggests it has similar volatility to the overall market. The expense ratio of 0.28% will create a slight drag on performance over time. While the fund holds over 1500 securities, its concentration in a specific segment of the municipal bond market (taxable issues) exposes it to risks specific to that segment. Investors should also consider interest rate risk, as rising rates can negatively impact bond values. Past performance does not guarantee future results.

Beta: 0.98

Expense Ratio

0.28%

What does BAB hold?

Holding	Weight
Invesco Shrt-Trm Inv Gov&Agcy Instl (AGPXX)	1.51%

Holdings and weights as of Mar 15, 2026. This fund data is more than 45 days old; verify current holdings with the issuer.

How Is the Fund Allocated?

Sector	Weight
Cash & Others	95.8%
Financial Services	4.0%
Consumer Cyclical	0.1%
Technology	0.1%

Country	Weight
Other	96.4%
United States	3.5%
Denmark	0.1%
Germany	0.1%

Dividend Yield

3.95%

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JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
iShares iBonds Oct 2027 Term TIPS ETF (IBID) — 0.10% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco Growth Multi-Asset Allocation ETF (PSMG) (Equity) — 0.32% expense ratio
Invesco S&P SmallCap Industrials ETF (PSCI) (Equity) — 0.29% expense ratio
Invesco Top QQQ ETF (QBIG) (Equity) — 0.38% expense ratio
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio
Invesco S&P SmallCap 600 Pure Value ETF (RZV) (Equity) — 0.35% expense ratio

Questions & Answers

What is BAB and what does it track?

BAB, the Invesco Taxable Municipal Bond ETF, aims to replicate the performance of the ICE BofAML US Taxable Municipal Securities Plus Index. This index tracks US dollar-denominated taxable municipal debt issued by US states, territories, and their political subdivisions.

The fund employs a sampling methodology, meaning it doesn't hold all the securities in the index but rather a representative selection.

What is the expense ratio for BAB?

The expense ratio for BAB is 0.28%. This means that for every $10,000 invested, the fund charges $28 annually to cover operating expenses.

While there isn't a readily available category average for taxable municipal bond ETFs, the expense ratio appears competitive within the broader fixed-income ETF universe. The expense ratio as it directly impacts the fund's net return over time may be worth researching.

What are the top holdings in BAB?

BAB's top holding is Invesco Shrt-Trm Inv Gov&Agcy Instl (AGPXX), comprising 1.51% of the portfolio. While the fund holds over 1500 securities, the concentration in the top holding is relatively low, indicating a diversified portfolio.

The fund's investment strategy focuses on taxable municipal bonds, and the holdings reflect this objective. The remaining top holdings are not explicitly listed in the provided data.

Is BAB a good long-term investment?

Whether BAB is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and tax situation. BAB offers exposure to the taxable municipal bond market, providing a dividend yield of 3.95%.

The fund's beta of 0.98 suggests it has similar volatility to the overall market.

How does BAB compare to similar ETFs?

BAB distinguishes itself through its focus on taxable municipal bonds and its tracking of the ICE BofAML US Taxable Municipal Securities Plus Index. With $1.04 billion in AUM, it's a sizable fund in this niche market.

Its expense ratio of 0.28% is a key factor for investors to compare against similar ETFs.

Does BAB pay dividends?

Yes, BAB pays dividends. As of 2026-03-15, the fund has a dividend yield of 3.95%. This yield represents the annual dividend income an investor can expect to receive relative to the fund's share price.

The dividend yield can fluctuate based on market conditions and the fund's underlying holdings. Investors seeking income may find BAB's dividend yield attractive.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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