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BAB ETF — Holdings & Analysis

Invesco Taxable Municipal Bond ETF (BAB) is a fixed-income ETF with $1.04 billion in assets under management and an expense ratio of 0.28%.

BAB aims to replicate the ICE BofAML US Taxable Municipal Securities Plus Index, focusing on US dollar-denominated taxable municipal debt. The fund utilizes a sampling methodology rather than holding all securities in the index, offering exposure to the taxable municipal bond market with a current dividend yield of 3.95%. Past performance does not guarantee future results.

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

Invesco Taxable Municipal Bond ETF (BAB) is a fixed-income ETF with $1.04 billion in assets under management and an expense ratio of 0.28%. BAB aims to replicate the ICE BofAML US Taxable Municipal Securities Plus Index, focusing on US dollar-denominated taxable municipal debt. The fund utilizes a sampling methodology rather than holding all securities in the index, offering exposure to the taxable municipal bond market with a current dividend yield of 3.95%. Past performance does not guarantee future results.

ETF 개요

Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted monthly. As of 08/31/2025 the Fund had an overall rating of 4 stars out of 165 funds and was rated 5 stars out of 165 funds, 2 stars out of 158 funds and 5 stars out of 115 funds for the 3-, 5- and 10- year periods, respectively. Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
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.

위험 지표

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.

운용보수율

0.28%

주요 보유 종목

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  • 현금 및 기타: 95.8%
  • 금융 서비스: 4.0%
  • 경기소비재: 0.1%
  • 기술: 0.1%
  • 기타: 96.4%
  • 미국: 3.5%
  • 덴마크: 0.1%
  • 독일: 0.1%

배당수익률

3.95%

위험 지표

  • 베타: 0.98

질문 및 답변

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. As of 2026-03-15, BAB has $1.04 billion in assets under management and a dividend yield of 3.95%.

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 may be worth researching expense ratio as it directly impacts the fund's net return over time.

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. the may be worth researching fund's expense ratio of 0.28% and its sector allocation when evaluating its long-term potential. Past performance does not guarantee future results.

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. Other ETFs in the taxable municipal bond space may track different indices, have varying expense ratios, and employ different investment strategies, all of which can impact performance.

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.