Fund Description
The 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 and the Index are rebalanced and reconstituted monthly.
Fund Profile
Fund Name Invesco Taxable Municipal Bond ETF
Fund Exchange Ticker BAB
Fund Sponsor Invesco
Fund ISIN US73937B4077
Net Expense Ratio 0.28 %
Fund Inception Date 17 November 2009
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name ICE BofA Merrill Lynch US Taxable Municipal Securities Plus Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 17 August 2018
Asset Under Management 942.76 Million (USD)
1 Month Total Return 0.12 %
Year To Date Return -1.23 %
1 Year Total Return 1.37 %
3 Year Annualized Total Return 4.78 %
NAV 29.74
Share Outstanding 31,700,000
Top 10 Holdings (17 August 2018)
Constituent Name Constituent Ticker Constituent Type Weighting
State of California BOND 0.0267976851
State of California BOND 0.0265078074
State of California BOND 0.0179364004
State of California BOND 0.0176841060
State of California BOND 0.0174689943
State of Illinois BOND 0.0165052771
University of California BOND 0.0146678535
Texas Transportation Commission State Highway Fund BOND 0.0142881141
Missouri Joint Municipal Electric Utility Commission BOND 0.0137881772
New York City Water & Sewer System BOND 0.0135756070